3rd Portfolio Management Summit: Future Investment Themes

Impact Investing Advisory Board (EYDK) Vice President Seçil Yıldız and Board Member Hale Özsoy Bıyıklı attended the “Future Investment Themes” Panel as speakers within the scope of the 3rd Portfolio Management Summit organised by Turkish Institutional Investment Managers’ Association on December 15. The panel was moderated by Prof. Dr. Güler Aras, Integrated Reporting Türkiye Network (ERTA), Founding Chair and YTU Center for Finance, Corporate Governance and Sustainability(CFGS) Founding Director, Funda Uyar Geneci, Capital Markets Board of Türkiye (CMB), Head of  Institutional Investors Department, and Sami Aslanhan, Chairman of Kontrolmatik, were among the speakers.

 

Funda Uyar Geneci emphasised that sustainability has become crucial not only in the financial sector but in all areas, stating that the Capital Markets Board of Türkiye (CMB) aims to implement initiatives to encourage institutional investors to invest in this field, not just financial instruments. She mentioned ongoing efforts related to the Principle for Responsible Management and highlighted the need for organisations to enhance their capacity in this regard in the upcoming period. Sami Aslanhan, on the other hand, highlighted that green technologies, material science, communication technologies, and electrification will stand out in the future.

 

EYDK Vice-Chair Seçil Yıldız addressed impact investment, the history of it, the ongoing initiatives of EYDK, how impact investments will gain importance as the investment theme of the future, and the activities of Development Investment Bank of Türkiye (TKYB) in this field. She underscored that impact investments surpass sustainable investments by not only avoiding negative impacts but actively creating positive ones and highlighted that impact investments go beyond analysing financial risks, also considering various other risks. Yıldız emphasised that the ratio of disadvantaged groups to the total population in Turkey is 73% and that it is very difficult for investments made without considering these groups to be successful.

 

Seçil Yıldız said, “In order to accelerate the development of the impact investment ecosystem in Türkiye, Impact Investing Advisory Board strengthen its institutional structure under the legal status of EYDK Association this year and deepened it’s activities in the fields of Impact Investments, Impact Management and Measurement, Faith Based Investments and Place Based Impact Investments. As EYDK, we will accelerate our efforts to increase impact investments in our country and the world, to contribute to the welfare level of disadvantaged groups through inclusion, and to fulfil Türkiye’s net zero commitment . ​​We invite all investors planning to invest in the impact field to join our association.” 

 

EYDK Board Member Hale Özsoy Bıyıklı provided insights about the importance of impact investment, its market size and the steps taken by TURKVEN in the field of impact investment. She stated that the size of impact investments in the world exceeds 2 trillion dollars, and as EYDK, 1% of this is targeted for Türkiye. She emphasised that reporting and transparency are important for the expansion of impact investments, and said that investors now prefer to invest in companies that are sustainable and focus on impact.

Hale Özsoy Bıyıklı: “At the panel organised by the Turkish Institutional Investment Managers’ Association (TKYD), we talked about the investment themes of the future and the increasing importance of impact investments within them. We had the opportunity to explain our association, our goals and the progress we have made to our portfolio managers and industry stakeholders.” said and underlined that impact investments will come to the fore as an important theme of the future.

The Training Sessions Provided Within the Scope of the ‘Sunshine of Şanlıurfa’ Project Are Now Available on the EYDK Youtube Channel!”

The activities of the ‘Sunshine of Şanlıurfa’ project, within the coverage of the ENHANCER project, which is financed by the European Union and implemented by the International Center for Migration Policy Development (ICMPD) in coordination with the General Directorate of Development Agencies of the Ministry of Industry and Technology, are ongoing.

 

Within the scope of the project, 32 hours Training of Trainers (ToT) about entrepreneurship was provided to 10 staff members of TGMP with the aim of capacity development for TGMP personnel. Thus, TGMP will have the capacity to deliver training programs in 65 provinces where it is active in Turkey. 

 

Training covering “Entrepreneur Assessment, Mentor Profiles, Mentoring Process, Early Stage Idea Development, Growth Stage, and Finance” has been released on the EYDK YouTube channel. We hope that the training contents we have prepared within the scope of the project will serve as a guide for institutions willing to implement similar projects.

 

You can watch videos here:

SECoP: Leveraging Evidence for Social Entrepreneurship

A closing meeting was held within the scope of the “Strengthening Economic Opportunities for Syrians under Temporary Protection (SuTP) and Turkish Citizens in Selected Localities Project”, financed by the European Union and carried out by the World Bank between 2019-2023. The project, focusing on assessing the demand for skills, strengthening the capacity for evaluating skill demand, job creation, and supporting entrepreneurship  in selected provinces with a high prevalence of SuTP, brought together the Social Entrepreneurship Community of Practice (SECoP) and social cooperatives. The initiative facilitated the sharing of best practices in addressing operational knowledge, practical experience, and implementation challenges. It also supported knowledge exchange by bringing together key stakeholders such as representatives from public institutions, and local and international organisations in Türkiye.

 

At the 18th SECoP Meeting, Tuğçe Söğüt, the General Secretary of EYDK, participated as a speaker in the panel titled “Financial Opportunities for Social Enterprises, Unlocking Access to Funding” which was organised as the closing event of the project and focused on the theme ” Leveraging Evidence for Social Entrepreneurship”. The panel was moderated by Ayşe Arıak Tunaboylu from the World Bank and featured panellists Berivan Eliş from Impact Hub Ankara, Aytül Güngör from Ankara Development Agency, Mahfus Çetin from KOSGEB, Sıla Ültanır from the Ministry of Trade, Birten Akyıldız from FONGOGO and Ferdiye Erdoğan from Arya Woman Investment Platform. In the panel discussion on funding sources such as grants, investments, crowdfunding, and innovative financing models that social enterprises can benefit from was held, Tuğçe Söğüt emphasised the critical role of impact investment in enabling social entrepreneurs to access the necessary funding for creating sustainable impact. She highlighted that impact investment and social entrepreneurship share common goals in creating positive environmental and social impact, serving complementary approaches that align with the same purpose. Söğüt underscored the importance of impact investment in supporting social entrepreneurs in achieving sustainable impact.

The “Alignment of Faith Based Investment and Impact Investing with SDGs” panel at COP 28!

In the panel, esteemed figures in the financial sector were convened to tackle the substantial $4 trillion annual investment gap hindering the achievement of the Sustainable Development Goals (SDGs) worldwide. The discussion placed a spotlight on Faith-based finance, notably Islamic Finance, as an innovative and alternative financial tool capable of fostering the impact economy and fully internalising sustainable finance. Moderated by Ms. Şafak Müderrisgil, Chair of Executive Board of the Impact Investing Advisory Board in Turkiye (EYDK), the panel featured key speakers such as Mr. Mohammed Dawood (HSBC), Mrs. Seçil Kızılkaya Yıldız (Development and Investment Bank of Türkiye), Mrs. Fatma Çınar (Participation Banks Association of Türkiye), and Mr. Ali Kemal Küçükcan (Türkiye Emlak Katılım Bankası).

The discussions delved into practical steps, initiatives, and regulatory functions aimed at aligning Islamic finance with SDGs. The focus was on exploring the potential of zakat and sukuk in social and economic reconstruction as well as fostering convergence with principles of impact investing. Panel topics included  exploration of successful green sukuk projects, an assessment  of the facilitator role of the Participation Banks Association, and an analysis of the regulatory landscape’s impact on fostering sustainable finance in Türkiye. This collaborative endeavour aims to amplify the industry’s commitment to sustainable development and position Islamic finance resources as pivotal contributors in transitioning to a low-carbon economy, with potential implications discussed at future COP28 meetings.

Donut Day

The Global Donut Day, organized by Regenerative Impact Space and Doughnut Türkiye in partnership with ISPER AŞ.and Istanbul Planning Agency, was celebrated on November 13th at IPA Florya campus!

The Global Donut Day was celebrated for the first time at the IPA Campus Florya by the Regenerative Impact Space. As part of the event, panels, workshops, and discussion sessions were conducted.

Focusing on a just and regenerative economy, Global Donut Day centers around the Donut Economy, which goes beyond sustainability and social impact to embrace a new economic paradigm. 

Şafak Müderrisgil, Chair of Executive Board of EYDK, was also a speaker at the “Writing a New Economic Narrative” panel organized within the scope of the event, focusing on a prosumer, impact, and donut  economy and social entrepreneurship. The panel was moderated by Assoc. Prof.  Murad Tiryakioğlu (Yerli Yeşil Yeni),Berivan Eliş (Impact Hub Ankara) and Dr. Uygar Özesmi (Good4Trust.org) also took part as a speaker.