EYDK Paid a Visit to Ambassador Naciye Gökçen Kaya at the Embassy of the Republic of Türkiye in San Jose.

During EYDK Secretary General Tuğçe Söğüt’s trip to Costa Rica for the GSG Leadership Meeting (GLM), she paid a visit to Ambassador Naciye Gökçen Kaya at the Embassy of the Republic of Türkiye in San Jose. Following the Ambassador’s presentation of credentials to the President of Costa Rica, this important meeting addressed impact investing ecosystem, EYDK’s initiatives in this field, and potential collaborations.

As EYDK, we continue our efforts to advance the impact investing ecosystem!

We Presented Türkiye’s Best Practices at the GSG Leadership Meeting (GLM) 2024!

GSG Leadership Meeting (GLM) 2024, organised by GSG Impact, brought together global leaders in the field of impact investing with the theme “Ignite Impact: Bridging Solutions for the Global South, LatAm Focus,” on June 17-18 in Costa Rica!

During the second and third days of the event, closed meetings were organised with the participation of the GSG Impact national and strategic partners , focusing on various topics in the field of impact investing. As GSG Impact’s national partner, we represented our country in these sessions, presenting successful examples of Impact Transparency and Placed-Based Impact Investing to global stakeholders in the impact ecosystem.

Türkiye took significant steps in Impact Transparency last year:

In 2023, the Public Oversight Accounting and Auditing Standards Authority (KGK) adopted the international standards published by the International Sustainability Standards Board (ISSB) under the auspices of the International Financial Reporting Standards Foundation (IFRS) as the international basis for Türkiye’s Sustainability Reporting Standards. These standards are designed specifically to create a comprehensive global foundation for sustainability reporting tailored to the needs of investors and financial markets, and they play a significant role in ensuring impact transparency. As companies face growing pressure to disclose more data on climate risks, their management, and supply chains, the integration of these standards into Turkish legislation marks a pivotal moment in advancing reporting standards for climate and sustainability.

-Following KGK’s acceptance of ISSB Standards for integration into Turkish legislation, a collaboration protocol was signed between EYDK and KGK at the national level. The protocol aims to increase awareness and promote the implementation of international standards in Türkiye regarding impact measurement, management, and reporting.

During the meetings, Impact Weighted Accounts also emerged as prominent in the field of impact transparency:

-Impact-weighted accounts are line items on a financial statement, such as an income statement or a balance sheet, which are added to supplement the statement of financial health and performance by reflecting a company’s positive and negative impacts on employees, customers, the environment and the broader society. The aspiration is an integrated view of performance which allows investors and managers to make informed decisions based not only on monetized private gains or losses, but also on the broader impact a company has on society and the environment.

Click here to learn more about Place-Based Impact Investing  in Türkiye and GLM 2024. 

We attended the GSG Leadership Meeting (GLM) 2024 held in Costa Rica!

We were thrilled to attend the GSG Leadership Meeting (GLM) 2024, held on 17-18 June in Costa Rica, under the theme “Ignite Impact: Bridging Solutions for the Global South, LatAm Focus” organised by GSG Impact!

As the national partner of GSG Impact, we are incredibly grateful for the opportunity to join other impact leaders at this fruitful meeting. The GLM is a unique gathering that brought together global leaders to reflect on progress in building Impact Economies and to co-create solutions for current challenges and priority areas.

Thank you to everyone who made this event possible! Together, we are driving impactful change across the Global South and beyond.

A special highlight was our Secretary General, Tuğçe Söğüt, speaking on the panel titled “South Cooperation and Place-based Impact Investment.” Moderated by Sebastián Welisiejko (Global Policy Director, GSG Impact), the panel also featured esteemed speakers Amma Lartey (CEO, Impact Investment Ghana) and Royston Braganza (CEO, Grameen Capital India). The discussions focused on Place-Based Impact Investing in Ghana, India, and Türkiye, as well as global cooperation strategies.

EYDK, playing a leading role in the development of the Place-Based Impact Investing ecosystem in Türkiye:

We established the ‘Place-Based Impact Investment and Urban Healing Working Group’ in line with this goal, and with the strategic collaboration of GSG Impact, had implemented the “Scaling Catalytic Capital Deployment to Address Informal Settlement Crisis Project”.

The project was designed based on the flagship report: Informal Settlements: No Longer Invisible,” launched by the GSG policy team in July 2022, which aims to increase awareness about urban resilience and the crucial role of the private sector, establish a transparent and action-oriented knowledge hub for place-based impact investing, and create interdisciplinary foundational work in this field. This report serves as a global call to action, inspiring action-oriented efforts to implement scalable solutions effectively. Under the scope of this report and in strategic collaboration with GSG, EYDK has implemented the Turkish part of place-based impact investment initiatives similar to those being carried out in Colombia.

Three main outputs have been developed within the framework of the “Scaling Catalytical Capital Deployment to Address the Informal Settlements Crisis” Project, which was implemented in partnership with GSG Impact and with the support of the Catalytic Capital Consortium (C3). Following the “The Potential of Urban Healing Advancement in Turkiye Report” launched in January 2023 and the “Resilient Cities of the Future Workshop” held in March 2023 and its final report, the “Demystifying Urban Healing and Advancement: Instruments and Strategies” Report was published as the last output of the project

Also in the Turkish ecosystem:

The ‘İzmir Historical Kemeraltı Real Estate Investment Fund’ is a pioneering example of impact investment within Türkiye’s fund ecosystem, distinguished by its unique structure, mission, and objectives. Established through a partnership between EYDK member TARKEM and Re-Pie Portfolio, the fund aims to deliver returns to investors while prioritising societal benefits through impactful investments in the region. Launched in June 2023, the fund currently manages assets worth 50 million Turkish Liras and has attracted support from 230 investors.

The catalog of the EYDK Impact Investment Summit 2024 has been published!

The EYDK Impact Investing Summit 2024, organised by the Impact Investing Advisory Board (EYDK) for the first time this year, was successfully completed on May 23-24 at Boğaziçi University under the theme “Accelerating Impact: Forge the Future, Transform Together”.

The EYDK Impact Investing Summit 2024 aimed to highlight Türkiye’s progress in transitioning to an impact economy, while also aiming to increase awareness, promote, and strengthen collaborations in the field of impact investing.

Throughout summit, panels were organised on various topics including the Türkiye’s present and future for impact investing, supply and demand of impact capital, impact bonds, stories of early impact investments in Türkiye, placed-based impact investing, faith-based investments aligned with impact investing, data scarcity, impact measurement and management, and delivering social impact through investing in women’s football.

Click here to read the catalog of the EYDK Impact Investment Summit 2024. 

We Participated to the Sustainability Standards Conference 2024!

Türkiye, one of the first countries to integrate International Sustainability Standards into its legislation, shared its experiences at the Sustainability Standards Conference 2024. Gülşah Günay, Head of Sustainability Standards Department at the Public Oversight Accounting and Auditing Standards Authority (KGK), presented Türkiye’s early experiences in the panel titled “Implementation of ISSB Standards: What are the First Experiences from Practise?”. Panel moderated by Sue Lloyd ( International Sustainability Standards Board), speakers were Prof. Loriana Pelizzon (SAFE), Nadja Picard (PwC), and Adam Pradela (DHL Group).

Additionally, at the conference, Tuğçe Söğüt, Secretary General of EYDK, and Gülşah Günay, Head of Sustainability Standards Department of KGK, also had the opportunity to meet with ISSB President Emmanuel Faber.

In 2023, the Public Oversight Accounting and Auditing Standards Authority (KGK) adopted the international standards published by the International Sustainability Standards Board (ISSB) under the auspices of the International Financial Reporting Standards Foundation (IFRS) as the international basis for Türkiye’s Sustainability Reporting Standards. These standards are designed specifically to create a comprehensive global foundation for sustainability reporting tailored to the needs of investors and financial markets, and they play a significant role in ensuring impact transparency.

EYDK Impact Investing Summit 2024 panels are now on the EYDK Youtube channel!

The panels from the EYDK Impact Investing Summit 2024, held at Boğaziçi University on May 23-24 under the theme “Accelerating Impact: Shaping the Future, Transforming Together,” are now available on the EYDK YouTube channel. Don’t miss out! 

Watch insightful panels from our summit on the EYDK YouTube channel to dive into innovative impact investments and explore the ecosystem. Discover the latest in impact investing! 

Türkiye is making great strides in impact investing! Key milestones include the first social impact bond, the creation of impact funds, and the inaugural EYDK Impact Investing Summit. At the summit, we showcased Türkiye’s transition to an impact economy, raised awareness, and fostered collaboration in the field. Let’s continue to drive change together!

Click here to watch the panels.

EYDK Organised First ‘Impact Investing Forum’ in Izmir in Partnership with TARKEM, Focusing on “Place-Based Impact Investing” Theme!

EYDK, aiming to make impact investing a widespread, sustainable, and inclusive option in Türkiye, is launching an event series called the ‘Impact Investing Forum’, in collaboration with its member institutions, focusing on different sectors and investment areas where “Impact” matters. The first event of this series, in partnership with TARKEM, took place on Friday, June 7, 2024, at the Historical Akın Passage Kemeraltı in Izmir.

Since its establishment, EYDK has played a role in introducing and implementing the concept of “Place-Based Impact Investing” in Türkiye. In collaboration with its member institution TARKEM, EYDK convened stakeholders in the Aegean Region to delve deeper into the subject matter. Place-Based Impact Investing proposes making strategic investments tailored to the economic, social, and environmental needs of a specific region to promote its sustainable development.

Press Release. 

European Impact Investing Survey 2024: A New Collaboration with Impact Europe!

We’re thrilled to announce our new collaboration with Impact Europe on the “European Impact Investing Survey”!

Impact Europe’s comprehensive biennial report examines the current state and future of the impact ecosystem. As part of this report, the European Impact Investing Survey 2024 aims to harmonise impact investment data to create an accurate, collaborative, and comparable dataset. In partnership with EYDK and Impact Europe, we invite you to participate in this important research to gain a deep understanding of the current market size of impact investments in Türkiye and the European financial ecosystem!

To take part in the European Impact Investing Survey 2024, please complete the survey at the link provided. The deadline for participation is June 15, 2024.

This data collection is conducted by EYDK, as part of a study by the European Impact Investing Consortium, a collaboration between GSG, Esade Center for Social Impact, EYDK, FAIR, France Invest, Forum de l’investissement responsable, Hellenic Impact Investing Network, Impact Europe, Impact Finance Belgium, Impact Investing Institute, Netherlands Advisory Board on Impact Investing, Politecnico di Milano, Portuguese NAB, Social Impact Agenda per l’Italia, and SpainNAB.

For survey visit this link. 

EYDK Held Türkiye’s First Impact Investing Summit

The EYDK Impact Investing Summit 2024, organised by the Impact Investing Advisory Board (EYDK) for the first time this year, was successfully completed on May 23-24 at Boğaziçi University under the theme “Accelerating Impact: Forge the Future, Transform Together”.

The Impact Investing Advisory Board (EYDK) has been leading efforts to advance the impact investing ecosystem in Türkiye and promote sustainable development centred around impact since 2021. Alongside members from the public, private, and nonprofit sectors, EYDK continues its efforts to position Türkiye as a regional leader in impact investing, with its authorised national partner status representing Türkiye within the international impact investment network GSG Impact.

In Türkiye’s developmental journey in impact investing, the implementation of the first social impact bond and the establishment of impact funds in 2023 are considered significant milestones. The EYDK Impact Investing Summit 2024 aimed to highlight Türkiye’s progress in transitioning to an impact economy, while also aiming to increase awareness, promote, and strengthen collaborations in the field of impact investing.

 

Press release. 

EYDK Presents the First Impact Investing Summit in Türkiye!

The Impact Investing Summit, organised for the first time this year by the Impact Investing Advisory Board (EYDK), will take place on May 23-24, 2024, at Boğaziçi University under the theme of ‘”Accelerating Impact: Forge the Future, Transform Together”.

The Impact Investing Advisory Board (EYDK), aiming to foster the development of the impact investing model in Türkiye and create a well-functioning impact investing ecosystem, continues its efforts in collaboration with leading institutions in the sector.

EYDK, which continues its efforts to shape and advance Türkiye’s impact investing story, is hosting the first “EYDK Impact Investing Summit” this year on May 23-24, 2024, at Boğaziçi University. This summit offers opportunities to explore the rapidly evolving ecosystem of impact investment within and beyond Türkiye’s borders and to establish new collaborations. 

Press Release.