BANKS DODGY DEALS CAMPAIGNS
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
International Bank Campaigners Gathering
Donate
2023-05-25 00:00:00
Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage
2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-05-17 14:30:30
EACOP Financial Advisor SMBC is no longer involved with the project
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
Connect
2023-05-03 00:00:00
A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations
2023-04-13 00:00:00
Banking on Climate Chaos 2023
2023-04-12 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4
2023-03-29 00:00:00
BankTrack Annual Report 2022
See all publications
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Banks and Pandemics
Our projects
Tracking the NZBA
Banks and Putin's war in Ukraine
Tracking the Equator Principles
Tracking the PRBs
Banks and steel
End Coal Finance
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy International Bank Campaigners Gathering Donate
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Login
Home › Partner news ›
Partner News

Akbank announces stronger environmental protection in reaction to Ilisu dam controversy

2010-04-23 | Turkey
By: Countercurrent
Contact:

Heike Drillisch, +49-177-345 2611
Halime Yakut, +49-178-2315072

2010-04-23 | Turkey
By: Countercurrent
Contact:

Heike Drillisch, +49-177-345 2611
Halime Yakut, +49-178-2315072

When presenting its first sustainability report Akbank's Chairwoman Akbank Sabancı Dinçer announced that in the future the bank would act more responsibly and take to assess more thoroughly if projects impact the rights of children, environment or ethical principles. As the Turkish daily Hurriyet reports on April 16, 2010 the sustainability report has brought „new inspiration" for the bank's management and led to a new understanding of investment and engagement.

Suzan Sabancı Dinçer mentioned the controversy around the Ilisu dam project in Southeast Turkey as a reason to integrate a special article on environmental protection into the bank's guidelines. Together with the Turkish Garantibank Akbank pledged to covers part of the funding gap of the Ilisu project. This gap originates from the withdrawal of European export credit agencies and private banks due to unsolved environmental and social problems of the project in summer 2009. The article says that Akbank will not finance projects with environmental impacts in the future, its involvement in the Ilisu project was beyond question though, Sabancı Dinçer stated.

„The numerous campaign activities in Turkey and Europe are obviously effective", Heike Drillisch from CounterCurrent welcomes Sabancı Dinçer's announcement. The German network has followed the Ilisu dam project for many years and in the past months initiated a letter writing campaign and vigils in front of European Akbank offices. „It is completely inacceptable for Akbank to remain part of the Ilisu project after this announcement."

The Ilisu dam was a project of the Turkish treasury and the bank had therefore not had accessed the complete documents, Sabancı Dinçer had argued to explain Akbank's involvement.

„The approval of such a controversial project like the Ilisu dam without a proper assessment of all records provides an alarming evidence of incapacity", states Halime Yakut of CounterCurrent. „Akbank must announce its immediate withdrawal from the project and urge the Turkish government to irrevocably stop its construction."

Banks

Akbank

Turkey
Active

Garanti BBVA

Turkey
Active
Dodgy Deals
There are no active project profiles for this item now.

Ilisu dam

Turkey
Project
On record
Hydroelectric Power Generation

Ilisu dam

Turkey
Sections
Banks Policies Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature Banks and Pandemics
Our projects
Tracking the NZBA Banks and Putin's war in Ukraine Tracking the Equator Principles Tracking the PRBs Banks and steel End Coal Finance Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy International Bank Campaigners Gathering Donate
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Tel: +31 24 324 9220
Contact@banktrack.org
Donate Mailing list Facebook Twitter
©2022 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted