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Akbank ESG Presentation 2Q21

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Akbank ESG Presentation 2Q21 Our ESG World’s Best Bank in the Emerging Markets Journey EUROMONEY (2020) October 2021 ESG Strategy: Mitigate environmental footprint while increasing positive impact Sustainable Finance Ecosystems Management Responsible Products & Services ‣ ‣ Digitalization Impact Investing ‣ ‣ Financial Inclusion To be the leading bank that drives Turkey into the future People & Community Climate Change Future of Work ‣ ‣ Operational Emissions Diversity & Inclusion ‣ ‣ Portfolio Impact Community Investment ‣ ‣ Portfolio Exposure Integrated Governance Financial Performance 2 Actionable targets for positive impact SUSTAINABLE TL 200 bn TL 15 bn AuM ECOSYSTEMS Extend digital & innovative FINANCE Sustainable loan Sustainable MANAGEMENT products & services financing until investment funds Supporting a more Enhancing businesses sustainable economy 2030 2030 & financial health Increase sustainable financing Increase number of financially secured by the bank until 2030 empowered people PEOPLE & Improve the Increase Social CLIMATE Become a carbon- Decrease impact of effectiveness of Return on neutral bank loan portfolio on COMMUNITY investment on our CHANGE Investments for through eliminating climate change Empowering our people people community Mitigating operational operational emission & portfolio until 2030 and communities investments emissions until 2025 impact Enhance the effectiveness of Akbank Mitigate climate-related risks & impact volunteerism in community investments on portfolio 3 Sustainability Governance Committee Members: Executive Board Member, At least Independent Board 2 meetings Member, CEO, per year Sustainability Committee CFO, SVP of IR & Sustainability Preliminary Committees Sustainable Finance Ecosystem Management Climate Change People & Communities Loans Digitalization Operational Emissions Future of Work Stakeholder Teams Funding Financial Inclusion Portfolio Impact Diversity & Inclusion Wealth Management Portfolio Exposure Akbank Volunteerism Community Investments Investor Relations & Sustainability Department: ‣ Holistic ESG approach in coordinating bank-wide efforts to achieve shared sustainability goals ‣ Conducts materiality analysis to identify key issues, periodically rethinking and improving sustainability strategy 4 Akbank’s sustainability performance at a glance Sustainable finance People & Culture Climate change Community investment Supporting our businesses Reskilling our people for Reducing our impact on Creating shared value for a more sustainable future of work environment economy 53% First company in Turkey to Long-running Arts & Culture Environmental and Social women employees • be featured in CDP 2010 initiatives Assessment Global 500 Report • Akbank Jazz Festival (30 yrs) for project finance, new 35% • become signatory of UN • Akbank Children’s Theatre (48 investment and SME loans women executives Global Compact, Carbon yrs) Price Communique • Akbank Art Center (27 yrs) Largest ESG-linked loan deal in Turkey, EUR 650 mn 30 hrs signatory training per employee LEED Gold Green Building Certification for Founding sponsor of First Green Bond Women’s Empowerment Akbank’s new Data Center Endeavor Turkey USD 50 mn issued in 2020 Principles, 30% Club, with c. 4 yrs maturity Valuable 500, Bloomberg Gender Equality Index, Clear, transparent emissions 100% of energy generation + 1K OMFIF Gender Balance Index reporting & targeting since Akbank volunteers PF loans to renewables since member 2012 2016 (1) 5 (1) 84% of PF energy generation loans are renewable as of 2Q21 1Q21 Key ESG highlights E S G ‣ Non-financing activities (1) scope expanded to include: ๏ New coal (thermal) power plant projects ๏ Coal mining, coal transportation and power plants operating with coal for SMEs ‣ Environmental & Social Risk Assessment for new commercial loans reduced from USD 50 mn to 10 mn ‣ Sustainable Finance Framework (2) launched, outlining social and green eligibility criteria ‣ Akbank’s first ESG-linked syndicated loan, USD 675 mn (April 2021) ‣ 2 ESG-themed funds launched by Akportföy, reaching ~ TL 370 mn AuM ‣ Sustainable finance provided in Q1 ~ TL 6 bn (3) ‣ Entered Bloomberg Gender Equality Index 2021, scoring higher than global & sector averages ‣ Top-rated EM bank in OMFIF Gender Balance Index ‣ First Turkish company to join Valuable 500, a global initiative supporting disability inclusion ‣ Launched Akbank Youth Academy, aiming to reach 15K students by FY2021 (1) https://www.akbankinvestorrelations.com/en/images/pdf/Non-Financing-Activities-List.pdf (2) Sustainable Finance Framework (SFF) in line with International Capital Market Association Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability Bond Guidelines (SBG), and Green Loan Principles (GLP) https://www.akbankinvestorrelations.com/en/whosale-funding/detail/Sustainable-finance/600/1468/0 6 (3) Based on bank-only MIS data, includes: Granted SME loans (assessed through ESMS) & renewable loans, and ESG-type Eurbond purchases 2Q21 Key ESG highlights E S G ‣ 1st deposit bank in Turkey to issue sustainable Tier 2 (USD 500 mn) ‣ New products for transition to low-carbon economy, such as: ๏ Green Trade Finance Campaign, (1st in Turkey) ๏ Rooftop PV Investment Loans ‣ Sustainable finance provided in Q2 at ~ TL 11 bn(1) (1H reached ~ TL 17bn) ‣ AuM of ESG-themed funds launched by Ak Portföy almost doubled QoQ, reaching ~ TL 700 mn in 1H ๏“Innovative Companies in Health Sector” fund secured rating by Refinitiv, 1st in Turkey ‣ 60% of the bank’s electricity sourced from renewable resources (up from 20% in Q1) ‣ New policies to foster governance & culture: Diversity and Inclusion Policy, Human Rights Policy, Zero-Tolerance to Violence Policy (1) Based on bank-only MIS data, includes: Granted SME loans (assessed through ESMS) & renewable loans, and ESG-type Eurobond & syndicated loan purchases 7 Sustainable Finance Framework aligned with international standards Use of proceeds Management of proceeds ‣ Green & social eligibility criteria incl. renewable energy, ‣ Robust governance and reporting processes that enable affordable housing and employment generation transparency and efficiency ‣ In line with International Capital Market Association ‣ Projects to be added on an ongoing basis Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability Bond Guidelines (SBG), Green Loan Principles (GLP) Project evaluation & selection Reporting & external verification ‣ Sustainable Finance Preliminary Committee (SFPC) to ‣ Second Party Opinion by Sustainalytics ensure allocation in line with eligibility criteria ‣ Annual allocation reports publicly announced ‣ Akbank’s Environmental and Social Credit Policies applied in all lending practices ‣ Limited assurance from independent auditors 8 Financial inclusion: Empowering businesses through partnerships ‣ HR solutions for SMEs ‣ Digital accounting solutions ‣ Affordable platform to ‣ Free money transaction for micro SMEs operate in online for merchants ‣ Personnel & payroll commerce management, ‣ Value-added offers for ‣ POS commission rate invoice & e-invoice Special offers: competitive offers performance evaluation ‣ management POS commission rates, analytics cashback, commercial ‣ Budget for salary ‣ Online income and installment loans with payments ‣ Integrated salary expense monitoring favorable interest rates payment option via ‣ Chip-money campaign for akbank.com ‣ Payments via akbank.com commercial credit cards 9 Financial inclusion: Empowering youth ‣ Akbank FAV(1) for university students ‣ Turkey’s first online scholarship platform ‣ Mobile platform targeting young users, under 26 (12K students) with 1.4 mn students providing core financial services ‣ Free membership via Akbank Mobile ‣ Digital account opening integrated with ‣ 24/7, free P2P transfers interactive with E-bursum feeds, spend & split among friends ‣ No fees for daily banking transactions ‣ Automated Akbank FAV membership for ‣ Digital payments and contactless prepaid ‣ Overdraft accounts w/ 0% interest rate for Akbank account owners card weekends ‣ Online Training Platform - 7K students ‣ Free and easy top-up & withdrawal ‣ Special discount & cashback offers for debit/credit card transactions ‣ Social features: find and follow friends, like, comment, engage 10 (1) Akbank FAV addresses the needs and preferences of youth through targeted products and services People & Culture: Shaping the future of work Adapting to new working model post-pandemic ‣ End-to-end redesign of all HR processes ‣ Inspired by resilience and adaptability during the pandemic ‣ Redesigned working model for HQ: ๏ c. 55% remote-working ๏ c. 35% hybrid-working ๏ c. 10% onsite Our new hybrid approach will: ‣ Improve service quality with more efficient, flexible, dynamic teams ‣ Enable tapping into talent pools across the country ‣ Enhance talent retention and employee satisfaction ‣ Become more inclusive with full / part-time opportunities for the disabled / disadvantaged ‣ Reduce our environmental footprint ‣ Further optimize low opex base through savings ‣ Optimize our real estate portfolio in due course ..all resulting in stakeholder value creation 11 Investing in our future through culture and skills ‣ Akbank Academy ๏ Next-generation technology & infrastructure ๏ 24/7 access to online training; 30 hrs training/employee (52% online) ๏ Key skills for future of work: social, cognitive and technological ๏ Digital trainings during remote work (10,104 webinars, 37,739 views) ๏ Diversity & inclusion trainings ‣ Reflection of the Future Program: personalized development
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