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. 

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. 

The SDG Impact Standards Training, which took place in Ankara from the 21st to the 23rd of February, has been successfully completed!

This second round of SDG Impact Standards Training, a prerequisite for EYDK membership, was organised by EYDK in collaboration with Etkiyap as the training partner and was hosted by ODTÜ TEKNOKENT. The training was led by Etkiyap’s Chief Impact Officer, Ceyda Özgün, and Etkiyap Board Member, Melek De-Wint.

The two-and-a-half-day training programme welcomed representatives from various organisations, including the Republic of Türkiye Ministry of Treasury and Finance, the Republic of Türkiye Ministry of Industry and Technology, Directorate of Climate Change, Directorate for EU Affairs, the Privatisation Administration, the Public Oversight, Accounting, and Auditing Standards Authority (KGK), the Capital Markets Board of Türkiye, The Scientific and Technological Research Council of Türkiye (TÜBİTAK)-Technology and Innovation Funding Programs Directorate (TEYDEB), the Development and Investment Bank of Türkiye, Etkiyap, Historical Kemeralti Construction Investment Trade Inc. (TARKEM), Kale Group, Kızılay Impact Investment, LETVEN CAPITAL, ODTÜ TEKNOKENT and TED University.

EYDK Initiates the Transformation in the Business World with SDG Impact Standards! 

EYDK Initiates the Transformation in the Business World with SDG Impact Standards!

As a prerequisite for EYDK membership, the SDG Impact Standards Training will be implemented by EYDK starting in 2024. EYDK is committed to ensuring the accessibility of the SDG Impact Standards Training for all interested organisations, prioritising member institutions. This initiative aligns with the worldwide adoption of SDG Impact Standards by UNDP SDG Impact.

In this context, on February 13, 2024, the SDG Impact Standards Information Session for senior executives of EYDK member institutions was hosted by Kale Group President and CEO Zeynep Bodur Okyay, and SDG Impact Director Fabienne Michaux attended the session via video message. The session was concluded with a presentation by Ceyda Özgün, Chief Impact Officer at Etkiyap, the training partner and one of the founding members of EYDK.

The SDG Impact Standards Training, with the participation of EYDK members, will take place in Istanbul, hosted by Sabancı ARF, from February 15 to 17, 2024, and in Ankara, hosted by ODTÜ TEKNOKENT, from February 21 to 23, 2024.

 

Press Release