SDG Investments Turkey Platform has been launched!

 New digital platform promotes investments
for people and planet in Turkey

Launched with UNDP support, “SDG Investments Turkey” shows investors how to ensure their funds contribute to sustainable development

Istanbul, 3 February 2022 – A new digital platform launched today will guide investors to initiatives in Turkey that deliver measurable progress towards the Sustainable Development Goals (SDGs). Funded by the United Nations Development Programme (UNDP) and created by the Impact Investing Advisory Board (EYDK), “SDG Investments Turkey,” aims to mobilize private sector funds for impact investments aimed at protecting people and planet. Designed as a one-stop-shop for investors, entrepreneurs and funders, the new platform provides unified standards, tools, services and best practices to identify SDG investment opportunities in Turkey.

“Without the engagement of the private sector, we stand no chance of achieving the Sustainable Development Goals,” said UNDP Turkey Resident Representative Louisa Vinton. “That is why we are so pleased to be launching this new platform, which will provide guideposts for investors looking to help to protect our planet and people’s wellbeing while securing a good return.”

“The private sector plays an important role in achieving the sustainable development agenda in Turkey” said Şafak Müderrisgil, President of EYDK”. “The SDG Investments Turkey Platform will provide investors with investment opportunities based on impact data and standards, share audited success stories, and raise awareness on SDG-aligned impact investments. We believe that this platform, which aims to mobilize private sector, will also shed light on the importance of impact measurement and management, and will be a reference point for raising awareness against impact washing. We will see that SDG-anchored impact investment will be incrementally increasing and more success stories will be created through this platform.”

“SDG Investment Turkey” showcases promising areas for SDG-centered investment in Turkey and lists specific investments with high SDG impact. Prospective investors will find investment-related information on regions, sectors, expected impact, indicative return, market timeframe, investment timeframe and ticket size. Among the sectors profiled are: consumer goods, education, mineral processing, finance, food and beverages, healthcare, infrastructure, renewable resources, resource transformation, services, transportation, technology and communications.

The investment opportunity areas and SDG investment list were developed in line with the SDG Investor Map for Turkey, which was created by UNDP Turkey with technical assistance from UNDP’s Istanbul International Center for the Private Sector in Development (IICPSD).

The platform also features stories of successful SDG impact investments in Turkey and contains a knowledge repository on impact investing that includes extensive training materials available free of charge. The training content in the platform is created in cooperation with IICPSD.

The target audience for the platform includes investors that wish to invest capital to achieve the SDGs, foundations that would like to measure the impact towards SDGs, private capital funds, bond issuers and enterprises that wish to adapt their internal decision-making mechanisms with SDGs to verify contributions and obtain independent assurance.

The platform is also expected to benefit academicians who would like to receive impact management and measurement training to improve the decision framework for SDG impact standards, consulting companies that wish to act as accredited independent assurance providers, development financing institutions that aim to find partners to support local investment opportunities or SDG-related projects, and public institutions that wish to attract private investment to their countries to help development of their societies.

EYDK was founded to develop an impact investing model and create a well-functioning impact investing ecosystem in Turkey. With UNDP as a partner, EYDK aims to bring together all stakeholders to make impact investing a mainstream investment model in Turkey.

To access the SDG Investments Turkey platform: https://sdg.eydk.org/

For more information:

Sezin Bulum (Ms.), Marjinal Porter Novelli +90 533 282 2970  sezinb@marjinal.com.tr

Bahar Paykoç, UNDP Turkey, bahar.paykoc@undp.org

UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in 177 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations. tr.undp.org

EYDK

Impact Investing Advisory Board (EYDK) aims to facilitate the development of impact investments and establish a well-functioning ecosystem in Turkey, and has a vision to make the impact investment model a widespread, sustainable and inclusive investment option in Turkey. https://www.eydk.org/about-eydk/

Get in touch: Twitter | Facebook | LinkedIn | Instagram

More resources: About Us | UNDP Turkey News | Publications | All Projects

“Unity is Strength” Report announced: EYDK’s 2022 Action Plan Has Been Drawn Up

“Unity is Strength” Report announced:
EYDK’s 2022 action plan has been drawn up

The report titled “Unity is Strength” was prepared in line with the outputs of the Search Conference held on October 20, 2021 by the Impact Investment Advisory Board (EYDK) with the support of YASED and PwC.
EYDK Secretary General Onur İlhan stated in the report that in addition to the European Green Deal, women’s empowerment and the livelihood opportunities for refugees, green cities and participation finance also stand out as strategic themes.

Having been announced in an online event held on January 26, the report set forth the focus areas and themes of EYDK which is positioned as the national supreme board in impact investments that aim to provide financial returns by creating a positive, measurable social and environmental impact and reach the level of 2,3 trillion dollars on a global scale. Within the scope of these findings, the mission and duties of the EYDK working groups were conveyed.

At the online search conference organized by the Impact Investment Advisory Board (EYDK) with the support of YASED and PwC on October 20, thirty one leading speakers shared their views in four thematic sessions. As a result of the opinions, the roles of EYDK were confirmed as raising awareness and developing a common language, supporting the establishment of a national impact ecosystem, supporting and guiding policy dialogue and national goals, establishing strong partnerships with local and global business and knowledge networks, and ensuring the development of national impact measurement and management capacity.

Expected perspectives from EYDK

Additional perspectives that EYDK is expected to have in a way that will reinforce its existing perspectives of capacity building, awareness raising, establishing impact partnerships, supporting the national ecosystem and policy makers are stated to be as follows: assuming an active, central and guiding position in policy dialogue, supporting impact entrepreneurs and impact funds, and carrying out more comprehensive studies in the field of impact measurement and management for sustainable impact capital flow.

In addition to the existing European Green Deal, women’s empowerment and livelihood opportunities for refugees, EYDK was requested to take an active role in green cities and finance themes and develop collaborations and projects within the scope of Istanbul Financial Centre.

In the context of the demands, EYDK’s focus groups, job descriptions and 2022 action plan proposals were announced in the report. The focus groups are as follows: Impact Partnerships Focus Group, Sustainable Development and Policy Focus Group, Capacity Building Focus Group, Corporate Communication Focus Group.

The first meeting of the focus groups is in February.

EYDK Secretary General Onur İlhan: “The descriptions of main roles of EYDK in the search conference were finalized as raising awareness, strengthening the impact economy by supporting all stakeholders, supporting the creation of human resources, establishing local and global partnerships and actively managing policy dialogue. In addition to the European Green Deal, women’s empowerment and  livelihood opportunities for refugees, green cities and participation finance also emerged as strategic themes. Our four focus groups, which will assume these roles and themes and produce results, will hold their first meeting in February.”

“The report will guide the development of impact investing”

YASED Secretary General Serkan Valandova stated: “As YASED, we follow our sustainability and ESG agenda through the work we carry out with all our valuable members and stakeholders within the scope of our Sustainable Development Platform. One of the most important goals of our platform is to increase impact investments in order to make faster and more concrete progress towards sustainable development goals. As the most important organization serving this purpose, we are aware of the critical importance of the mission undertaken by EYDK, and therefore, we aim to contribute to the healthy development of our country’s impact investing ecosystem and to the spread of impact investments by actively participating in the EYDK. We are confident that it will successfully guide our joint efforts to develop the We would like to point out.”

“The development of impact investments depends on the growth of the impact ecosystem”

Akif Koca, PwC Government and Public Services Advisory Leader, said: “Impact investing provides an important opportunity for private equity to bring innovative solutions to socioeconomic problems. As sustainable models that provide financial and social benefits together increase, the interest in this field grows with it. Further development of impact investments will depend on the growth of the impact ecosystem and the dissemination of successful models.”

Aquamatch

Aquamatch is a Turkish company that produces sustainable water solutions for emerging  markets. Established in 1989, Aquamatch is the leading provider of water treatment and  wastewater reuse systems in Turkey.

Sector:

Direct Impact SDGs:

The Middle East and North Africa (MENA) region is most water stressed region in the world; over 60 percent of the population live in areas of high or very high-water stress. The majority of economic output in the region is also produced in high water stress areas. Recognising the need for more reliable and quality water supply, Aquamatch has expanded its reach to this region, as well as South Asia, initiating wastewater and desalination water treatment projects to produce clean water.

Aquamatch is a Turkish water treatment company and the leading supplier of mem brane technology for industries such as Power Plants, Food & Beverage and Heavy Industry. Besides system manufacturing and installing, Aquamatch is also a keen supporter of ecologi cal development and transnational knowledge sharing projects. Aquamatch employs R&D approach that allows company to build sustainable and smart water systems for businesses and communities.

Aquamatch is active in 34 countries and four continents.With over 300 employees in total, Aquamatch is one of the most prominent suppliers of water purification projects in Europe and the Middle East. Aquamatch Executive Office is in Istanbul and the factory is in the southwest province of Turkey, Aydın.

To better serve these communities, Aquamatch transformed its business model to be more in line with the SDGs, ensuring social and environmental factors are included in its in its impact and needs assessments, adopting a circular business model and integrating low in come communities as workers and beneficiaries.

In November 2018, Aquamatch joined Business Call to Action with a commitment to provide clean drinking water to water-scarce communities and hire low-income youth to cre ate local jobs in the villages where their factories operate. In Turkey, Aquamatch employs 53 low income individuals. Half of these are young men below the age of 29, and two-thirds come from nearby low income villages. According to a 2018 Workers Satisfaction Survey, Aquamatch was the first job for two-thirds of its factory workers. Recognising the life-chang ing impact that regular employment can bring, Aquamatch aims to hire a further 20 young people in its Turkey factories by 2022. Further in all the areas where it operates, Aquamatch engineers provide aftersales technical support to educate the local stakeholders on how to use the systems, and works with local engineers to install its systems.

Aquamatch also is a full supporter of gender equality with more than 50% of the management team, executive board, and engineers being women.

Impact Measurement and Management(IMM) White Paper is launched to provide a framework for SDG-aligned and impact investments

Impact Measurement and Management (IMM) White Paper is launched to provide a framework for SDG-aligned and impact investments

Impact Measurement and Management (IMM) White Paper initiated by Etkiyap with UNDP Turkey was launched at the Impact Investing Panel at the Bosphorus Summit in Istanbul.

Impact investments are investments made with the intention to generate measurable positive social and environmental impact alongside a financial return. Impact Measurement and Management (IMM), on the other hand, is the process through which impact investors can understand the effects of their investments on social and environmental issues and then take action to adapt processes and improve outcomes. The Impact Measurement and Management(IMM) White Paper aims to be utilised by investors, enterprises and other stakeholders to include positive and negative impact considerations into investment and business decisions and further to inform the public about the changes and developments in the respective area.

Founded by 30 leading institutions with the aim of making impact investing a mainstream investing model in Turkey while establishing and bringing important actors included both international and internal partnerships, the Impact Investment Advisory Board (EYDK), together with UNDP Turkey held a panel discussion at the Bosphorus Summit on December 7th, 2021. The panel aimed to facilitate a discussion among key stakeholders around  how and why to establish a stance for promoting and developing Impact Measurement and Management  standards in Turkey.

At the Impact Investing Panel, the honorary keynote speech was delivered by Louisa Vinton, Country Representative of UNDP Turkey. 

Etkiyap Chief Executive Officer & President of Impact Investing Advisory Board (EYDK), Şafak Müderrisgil elucidated the necessity of Impact Measurement and Management for organizations to set impact objectives, monitor impact performance and evaluate impact.

“The Impact Measurement and Management efforts in Turkey should take stock of the global initiatives generated in the last decade, and design and implement IMM practices in accordance with generally accepted principles, frameworks and standards. As there is no single methodology or standard to serve all purposes, the aim should be to have a set of frameworks that can be used in different contexts and for different purposes. As EYDK, we endorse the IMM White Paper as a reference for building knowledge and capacity in the design, implementation, assessment and review phases of the impact measurement process where data transparency and availability is key” Müderrisgil said

Impact Investing Measurement and Management( IMM) White Paper is be available at eydk.org online platform of EYDK till January 31st, 2022 awaiting for further reviews and comments from all stakeholders, and will be reviewed and published periodically afterwards.

About Etkiyap

Impact Investment Platform “Etkiyap” inclusive, transparent and sustainability in Turkey, the structure of the field to the centre of the state, public and private sector institutions, universities and other civil society organizations in cooperation with individuals and institutions “impact investment” ecosystem necessary to create awareness and provide education, awareness, research and project is a platform that makes it work.
Etkiyap is also a member of the Board of Founders of the Impact Investment Advisory Board “EYDK”. https://www.eydk.org/about-eydk/

About EYDK

Impact Investment Advisory Board (EYDK) is founded by 30 leading institutions with the aim of making impact investing a mainstream investing model in Turkey while establishing international partnerships, models and projects in impact investing. EYDK’s top priority is enabling the realisation of the necessary regulations for impact investing, creating a transparent and inclusive ecosystem, raising awareness and competence, and designing a national framework for impact measurement and management. https://www.eydk.org/about-eydk/

EYDK Launched “White Paper on Impact Measurement and Management in Impact Investment” at the 12th Bosphorus Summit

Impact investing can accelerate Turkey’s quest for sustainable development

At the 12th Bosphorus Summit, EYDK launched the “White Paper on Impact Measurement and Management in Impact Investment” in the panel themed “Impact Investment” organized by UNDP Turkey and invited all stakeholders to express their opinions.  Setting standards to measure impact remains a priority, UNDP and partners tell Bosphorus Summit 

Istanbul, 7 December 2021 – Impact investing is the way to close the gap between the ambitious targets of the Sustainable Development Goals (SDGs) and the financial resources the world has available to pursue them, the United Nations Development Programme (UNDP) told the Bosphorus Summit today, during the prestigious Turkish event’s 12th annual conference. 

The annual costs of achieving the SDGs were originally estimated at US$5-7 trillion (USD$ 2.5 trillion alone for developing countries), but setbacks caused by the COVID-19 pandemic have pushed the price tag even higher. This figure dwarfs the US$116 billion devoted each year to traditional development assistance. Private-sector engagement is necessary to close the gap, but how to reconcile the corporate drive for profits with the noble aims of the SDGs?

“One answer to this riddle is impact investment,” said UNDP Resident Representative Louisa Vinton. “We aim to help investors allocate their resources for initiatives that will reduce poverty and inequality, advance health and education and protect the environment, while also generating a strong return for their shareholders. What is still lacking, and what UNDP is working now to establish, are common standards for measuring impact that the entire industry can embrace.”

UNDP is working to develop these standards through its “SDG Investment Initiative” project, which was launched earlier this year in partnership with the UNDP Istanbul International Center for Private Sector in Development (IICPSD). This initiative will provide a combination of advocacy, research, networking and training to guide officials and investors in impact investing. This new project builds on past work, including an “SDG Investor Map” for Turkey launched earlier this year as part of a global UNDP program called “SDG Impact,” which focuses on identifying bankable projects that contribute to sustainable development. 

“Impact investing aims to deliver positive outcomes for people and the planet,” said Fabienne Michaux, Director of SDG Impact at UNDP. “Our work helps businesses and investors put sustainability and the SDGs at the core of management decisions and direct capital where it will make the biggest difference. Setting clear standards can help actors navigate an increasingly crowded landscape, to select the most appropriate frameworks, tools and metrics for them.”

To this end, the panel discussion organized by UNDP featured the launching of a new white paper on impact measurement and management developed in collaboration with the Impact Investing Advisory Board (EYDK) and Etkiyap. EYDK was founded by 30 leading Turkish institutions with the aim of making impact investing a mainstream investing model in Turkey while establishing and bringing important actors included both international and internal partnerships. The white paper (available for comment at eydk.org) aims to guide investors on the potential impact of different investment decisions and build public awareness of impact measurement.

“Turkey needs to take stock of global achievements in impact measurement and management,” said EYDK President Şafak Müderrisgil. “No single methodology will serve all purposes, so we need set of frameworks for different purposes. The white paper can serve as a reference for all phases of impact measurement, which depend heavily on data transparency and availability.” 

Contact Information: Bahar Paykoç, UNDP Turkey, bahar.paykoc@undp.org

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UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in 177 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations. Visit our website at: tr.undp.org.

Get in touch: UNDP Turkey on Twitter | on Facebook | on LinkedIn | on Instagram

More resources: About Us | UNDP Turkey News | Publications | All Projects

Great Interest in Impact Investing

Great interest in impact investing as an investment model

At Harvard Business Review Turkey Sustainability Summit 2021, Etkiyap Chief Executive Officer & EYDK Chairman Şafak Müderrisgil stated that there is great interest in the impact investment model in the public, private and non-profit sectors. Onur İlhan, EYDK Secretary General, pointed out that it is necessary to focus on strategies and projects that produce concrete output and create positive impact in line with the Sustainable Development Goals.

Focusing on the three dimensions of sustainability with the participation of opinion leaders and business world representatives, the Harvard Business Review Turkey Sustainability Summit 2021 included the speakers of Etkiyap Chief Executive Officer & EYDK Chairman Şafak Müderrisgil and EYDK Secretary General Onur İlhan.

Speaking at the panel titled “Impact Investments from an Investor’s Perspective” at the summit, Etkiyap Chief Executive Officer & EYDK Chairman Şafak Müderrisgil stated that there is great interest in the impact investment model both in the public and private sectors and in the non-profit sectors: As of today, impact investing is in a phase that institutions are trying to understand and digest. In such a transition period, the role of an institution such as EYDK in bringing the ecosystem together was very accurate and at the right time. From now on, it will develop even faster.”

Continuing her speech, Müderrisgil said, “Due to its young population, entrepreneurial infrastructure, institutions and geopolitical location, Turkey has a valuable capacity to both attract external funds for impact investments and to cooperate with Eastern Europe, Central Asia, the Middle East and the Organization of Islamic Cooperation countries.”

“The best communication is the social and ecological impact itself”
Making a speech titled “Communication of Sustainability”, EYDK Secretary General Onur İlhan said, “Taking low-intensity sustainability actions to be used in communication is not efficient for any stakeholder in the long run. Instead, it is necessary to focus on strategies and projects that produce tangible output and create a positive impact in line with the Sustainable Development Goals. The best communication is the social and ecological impact itself.”

“Strength in the Unity” Search Conference

Another important step has been taken for Turkey with the search conference themed “Strength in the Unity” 

Founded by leading organizations to elevate Turkey to the global industrial platform of impact investment, EYDK-Impact Investment Advisory Board collaborated with YASED and PwC to organize a search conference themed “Strength in Unity”. Thus, another important step has been taken to include Turkey in the world of global impact investments whose volume has reached 2.3 trillion dollars.

Adopting a data-based, transparent and inclusive approach, the Impact Investment Advisory Board (EYDK) aims to bring together the wide network of participants in the impact investment ecosystem with the search conference they held with the support of YASED and PwC.  EYDK also seeks to expand on the insights and propositions presented about the working groups in its report titled “EYDK as a Catalyser”.

In the report, Impact Partnership Working Group that will make Turkey the center of impact investing in the region and build a global business and information network, Sustainable Development and Policy Working Group based on Turkey’s national interests and potential, Capacity Building Working Group that will increase technical knowledge level especially impact measurement and management field and Corporate Communications Working Group that will direct international awareness studies are identified.

“We aimed to elaborate the insights by discussing”

Making a statement about the search conference, Şafak Müderrisgil, President of EYDK commented, “The field of impact investing aims to generate financial gain by putting the positive and measurable social and environmental impact at the center of investments and impact investment activities started in Turkey in April 2019. The two reports published by UNDP in November 2019 and March 2021 and the establishment of EYDK by leading public and private sector institutions and non-profit organizations in April 2021, and the publication of the ‘EYDK as an Enabler’ report in September 2021 have become two important milestones. With the search conference titled “Strength in Unity” that we organized with the cooperation of YASED and PwC, we aimed to elaborate on the action plan proposed within the report we published and the insights created for the working groups, by discussing with a wide network of participants.”

Louisa Vinton, Resident Representative of UNDP Turkey and keynote speaker at the conference said “With global funding needs estimated at up to USD 7 trillion per year, the sweeping ambition of the Sustainable Development Goals to end poverty, eliminate hunger, reduce inequality and fight climate change has spurred worries that there is simply not enough money available to achieve them. Fortunately, impact investing offers one way to close the gap, and UNDP is helping the private sector in Turkey to identify investments that can generate returns while delivering measurable progress in protecting the planet and improving people’s lives.”

“The interpretations of the conference will be shared with the public”

Stating that impact investing is a new concept not only for Turkey but also for the world, Müderrisgil said, “Together, we will seek answers to the questions such as ‘How Turkey will position itself in the global impact investment environment which has reached a volume of 2.3 trillion dollars’, ‘How it will determine its strategies and policies, which sectors it will prioritize’, and ‘In which areas it will develop capacity, and how it will operate national and international cooperation mechanisms’. The search conference, together with representatives of our 34 member institutions from the public and private industries as well as non-profit organizations, will also lend an ear to other key stakeholders in the impact investing ecosystem. Since this conference will also allow us to collect data, I would also like to announce that the interpretations and results of the conference will be compiled into a report and shared with the public.”

EYDK Reveals The First Report

Turkey’s national priorities will be supported in line with the impact investment

Founded by leading institutions that came together to bring Turkey to the world stage in the field of impact investing, the Impact Investing Advisory Board (EYDK) announced the report titled “EYDK as an Catalyser” in the online meeting held on Tuesday, September 28. The report includes the Sustainable Development Goals, the basic principles of impact investing and the opportunities that await Turkey in this new field. It also underlines the importance of acting in harmony with Turkey’s national priorities and being able to direct these priorities from the EYDK’s perspective.

Placing positive, measurable social and environmental impact at the centre of investments and financial gain impact investing has reached 2.3 trillion dollars globally. Impact Investment Advisory Board (EYDK) representing Turkey in this emerging field has published its first report.

The report titled “EYDK as an Catalyser” builds on previous national reports, the EYDK survey completed in June 2021, and the comprehensive roundtables held in August. In the report, a data-driven, transparent and inclusive approach has been adopted. The report outlines that four potential working groups have been identified to implement EYDK’s action plan: Sustainable Development and Policy, Institutional Communication, Impact Partnerships and Capacity Building.

Making a statement regarding the report, Şafak Müderrisgil, President of EYDK, said, “This first report represents a new stage in the work carried out since April 2019 by public and private sector leaders and non-profit organizations to popularize the impact investment model in Turkey.” She emphasized the importance of revealing the strategic priorities and the themes of working groups as well.

Onur İlhan, Secretary General of EYDK, said, “These working groups will also focus on the European Green Deal, women’s empowerment and the livelihoods of asylum seekers in addition to the Board’s main objectives of such as supporting national priorities and guiding them from the perspective of its impact, participating in international business and information networks, raising local competence and awareness.”

To view the report, please click: https://docs.google.com/viewerng/viewer?url=https://www.eydk.org/wp-content/uploads/2021/09/RAPOR-1.pdf

Second Board Meeting of EYDK Held

Şafak Müderrisgil, the President of EYDK:

”The membership of GSG, Turkey’s impact investment ecosystem will be opened to the international environment”

 

Impact Investment Advisory Board (EYDK), established with the aim of making impact investment a mainstream investment model in Turkey and enabling Turkey to sign international cooperation, models and projects in this field, held its second meeting with the participation of Cliff Prior, the CEO of Global Steering Group for Impact Investment (GSG). Şafak Müderrisgil, the President of EYDK stated that as a result of a two-year study, the necessary preparations were completed and with the support of stakeholders, they started the process for the membership to the GSG on behalf of Turkey.

The Impact Investment Advisory Board (EYDK), which was established by 30 leading institutions that came together to bring Turkey to the world stage in the field of impact investment, held a meeting for the second time on September 15 with the participation of Global Steering Group for Impact Investment (GSG) CEO Cliff Prior.

At the meeting, the importance of the participation of GSG, which is a non-profit organization and advocate of impact investment and initiatives, and EYDK was emphasized.

Stating that they are happy to host Cliff Prior, CEO of Global Steering Group for Impact Investment (GSG) and his team, EYDK President Şafak Müderrisgil added: “The GSG membership of EYDK will be the window of Turkey’s impact investment ecosystem to the international environment. While EYDK continues its activities in synergy with all its stakeholders on impact investment in Turkey, it will also enter the world league by becoming a member of GSG and be included in the international information and communication networks offered by GSG. In the international environment at GSG, it will have the opportunity to both express its own potential and listen to the perspective of other countries, and will be able to take its place in international cooperation. Membership to GSG is a process that starts only with the application of a supreme board with legal personality, where stakeholders from different sectors and segments are represented at the country level. As a legal entity that has completed the necessary preparations and structuring as a result of a two-year study, EYDK has started the membership process on behalf of Turkey with the support of its stakeholders.”

Cliff Prior, the CEO of the Global Steering Group for Impact Investment said, “I am delighted to see the progress being made towards a National Advisory Board in Turkey.  The evidence-based action plan and working groups are highly relevant to the development of impact investing. I look forward to seeing a strong, diverse and action-oriented future for impact in Turkey, helping to improve lives and the environment.”

EYDK Round Table II Press Bulletin is Released

 

EYDK’s Roundtable Event II to focus on the sustainable development goals and the way forward

The Impact Investing Platform (EYDK), which was established with the aim of making impact investment a mainstream investment model in Turkey, held the second roundtable and assessed the following actions to be taken in order to achieve the Sustainable Development Goals (SDGs).

 

Impact Investment Advisory Board (EYDK) is founded with the aim of making impact investing a mainstream investing model in Turkey while establishing and bringing important actors included both international and internal partnerships. The board has held a series of rountables to identify the steps to take so as to attain UN’s Sustainable Development Goals (SDGs).

EYDK, in line with this objective, had conducted a survey on the impact investment potential of the members and compatibility of the SDGs and held the first roundtable event with the theme “Where are we at SDGs?”.

EYDK Roundtable Event II aims to reveal the further steps to be followed after the first roundtable meeting. The survey, which guides roundtables, focused on the key elements of impact investing. The takeaway; intentionality is modestly present, but the lack of a national impact management framework acts as a bottleneck. Still, competence at impact measurement was not identified as a major challenge of the local ecosystem. Thinking on this inconsistency and building on the first roundtable findings are essential.

On August 24th, 2021, the second roundtable meeting was completed to reach the following objectives:

  • Elaborate on the current state of the elements of impact investing in Turkey in relation to the nurturing actions prioritized by EYDK members and compare notes with the first roundtable’s more generalized outcomes.
  • Discuss the inconsistency between the prioritized actions for nurturing the key elements of impact investing and the major challenges in the local ecosystem and compare notes with the first roundtable’s more generalized outcomes.

The roundtable hosted the following speakers: Cem Baytok, idacapital, Managing Partner; Fatma Çınar, Participation Banks Association of Turkey, International Relations and Corporate Communication Manager; Gülçin Salıngan, Deputy Director of the UNDP IICPSD; Hale Özsoy Bıyıklı, Director, Turkven Private Equity (Turkven); Meral Murathan Industrial Development Bank of Turkey (TSKB), Executive, Vice President; and Nazlı Çakıroğlu Boysan, Garanti BBVA, Responsible Business Senior Manager.

Şafak Müderrisgil, the President of EYDK, stated that “Competence at impact measurement and management is indispensable. This field is still globally young and Turkey can attain a competitive advantage by moving in fast. Once the country establishes itself in the field, mobilizing capital through innovative funds and instruments would be less of a challenge.”

Roundtable speakers highlighted the importance of impact intentionality and having widespread awareness but also stated that without proper impact measurement and management, these would not be enough for Turkey to reach its full potential. Mutually accepted assessment tools, removing the ambiguities in social and environmental targets, strong cooperation both at national and global levels, clever management of resources by prioritizing the right aspects have all been mentioned. Storytelling also emerged as a repeated theme, as spreading “Turkey’s impact story” to generate investor interest is highly valued as long as it is based on strategic fields.

EYDK is a bridge for achieving all of these goals. Global capital is focusing more and more on impact investing and Turkey should be ready to attract this capital through its banking sector, private equity firms, venture capital funds, impact entrepreneurs, enablers and policymakers.

Hale Özsoy, Director, Turkven Private Equity (Turkven)

“Accessing to capital at reasonable rates and having innovative funds are all necessary but these cannot be achieved without establishing impact measurement and management in Turkey”.

Fatma Çınar, International Relations and Corporate Communication Manager  of the Participation Banks Association of Turkey of TKBB:

“Continuing to invite the relevant national and international institutions to EYDK would strengthen the knowledge base and network”.

Gülçin Salıngan, Deputy Director of UNDP IICPSD:

“With the right infrastructure, Turkey could become a catalytic entry-point for impact investing to capitalize on the potential of MENA and Eastern Europe and Central Asia regions”.

Cem Baytok, Managing Partner of idacapital:

“There are two ways to attract impact capital to Turkey; focusing on our country-specific challenges for differentiation and creating local investor capacity through know-how accumulation and development finance.”

EYDK Social Media Accounts

Linkedin: https://www.linkedin.com/company/eydk/

Twitter: https://twitter.com/eydk_turkey

Instagram: https://www.instagram.com/eydkturkey/