Turkey steps into the impact investing league
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.
The Impact Investment Advisory Board (EYDK) is established by 30 leading institutions, coming together to bring Turkey to the world stage in the impact investing space.
In the global economy, where sustainable development has strategic importance, impact investing is increasingly becoming the centre of attention by focusing on creating positive and measurable social and environmental impact as well as a financial return. EYDK was founded with an intention to make impact investing mainstream in Turkey. While bringing together the significant actors from the public and private sectors, EYDK is also enriched with the support of non-profit stakeholders, and benefits from Turkey’s entrepreneurial spirit, geopolitical, social, and economic power.
Impact investments are expected to exceed 1 trillion dollars on a global scale, standing out as one of the mega trends of the era. EYDK aims for Turkey to benefit from the current potential at least as much as its share in the global economy. Şafak Müderrisgil, President of EYDK, states that EYDK’s doors are open to anyone who wants to develop capacity in impact investing. She also adds, “We will act as a platform that enables the realisation of necessary regulations for impact investing, the creation of a transparent and inclusive ecosystem, and developing awareness and competence. In this context, we also aim to establish a national framework for impact measurement and management.”
What is the impact investing model?
Once the Sustainable Development Goals were announced by the United Nations in 2015, a paradigm shift took place in the investment world, and the impact investing model began to spread rapidly. The impact investing model aims to generate a financial return while creating measurable, positive social and/or environmental value with the investments. Hence, with impact investing, not only are profits made but also positive social and/or environmental impact is created from the commencement day of investment according to the investor’s strategic preference.
In which areas is impact investing implemented?
Impact investing is observed both in developed and developing countries worldwide with a supra-sectoral approach in all areas where social and/or environmental challenges are expected to be mitigated. Any investment has a potential for impact. Impact measurement and management principles need to be put into practice in order to reveal this potential. In the context of Turkey, themes such as sustainable agriculture, renewable energy, health technologies, financial inclusion, women’s empowerment, and access to education services stand out.
Impact Investment Advisory Board Members
Investment Office of the Presidency of Turkey, Presidency of Strategy and Budget of Turkey, Republic of Turkey Ministry of Foreign Affairs of Turkey, Republic of Turkey Ministry Treasury and Finance, Republic of Turkey Ministry of Industry and Technology, The Union of Chambers and Commodity Exchanges of Turkey (TOBB), The Scientific and Technological Research Council of Turkey (TÜBİTAK), Technology Development Zone, Turkish Development and Investment Bank, Turkish Capital Markets Association, International Investors Association, Participation Banks Association of Turkey, Limak Group of Companies, Kale Group, Kızılay Asset Management, Garanti BBVA, TSKB, İş Private Equity, Yapı Kredi Investment, Ak Asset Management, Turkven, Idacapital, Bahçeşehir University, TED University, 500 Startups, Impact Hub Turkey and Etkiyap. EYDK Advisory Committee Members are UNDP Turkey, UNDP IICPSD, EBRD Turkey.
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