COMBATING THE CLIMATE CRISIS AND ENERGY MANAGEMENT

İş Leasing aims to become carbon neutral by 2024 by zeroing its carbon footprint resulting from its operational activities.

İş Leasing is aware of the fact that the emissions volume increasing as a result of unsustainable investments and elevated fossil fuel use poses irreversible negative impacts on human health and the environment, and continues to engage in operations within the framework of this awareness.

Sustainable management of energy generation and consumption processes, especially greenhouse gas emissions, is considered one of the most important elements of the sustainability philosophy. In this context, İş Leasing, which is preparing to update its internal practices that support the net-zero carbon emission philosophy and to take steps towards this goal, also offers financial support for the use of renewable energy resources.

Financing offered to renewable energy projects stands at USD39.3 million

In order to leave a more livable world to future generations, İş Leasing aims to be carbon neutral until 2024 by zeroing the carbon footprint created as a result of its operational activities, in addition to the financial support it offers to projects supporting transition to a low-carbon economy by developing solutions regarding the impacts of climate change.

Financing renewable energy investments is among İş Leasing’s strategic priorities. In 2020, İş Leasing increased the amount of financing offered to renewable energy projects by 5 times and provided USD 39.3 million in financing to these projects. Standing out especially with its financing solutions in the field of solar energy, total installed power capacity of the renewable energy projects İş Leasing has financed so far reached 145.78 MW cumulatively in 2020.

Renewable energy financing	2018	2019	2020
Amount of financing offered to renewable energy projects (USD)	2,200,000	8,080,665	39,286,734
Installed power capacity of renewable energy projects financed (during the year - new) (MW)	2.30 MW	13.60 MW	49.48 MW
Installed power capacity of renewable energy projects financed - consolidated (MW)	82.7 MW	96.3 MW	145.78 MW

Out of the renewable energy projects financed, approximately 87 MW belongs to Solar Power Plant (SPP), 63 MW belongs to Wind Power Plant (WPP) and 1 MW belongs to Biomass Power Plant (BPP). Apart from these, İş Leasing financed a cogeneration project with a total installed capacity of 14 MW.

In addition, the Company joined the Turkey Sustainable Energy Finance Facility (TurSEFF) developed by the EBRD during the reporting period.