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ARTICLE · 02 DECEMBER 2021

Turkey Fast-Tracks Sustainable Finance

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The Ministry of Treasury and Finance ("Ministry") published the Sustainable Finance Framework ("Framework") setting the standards for green, social and sustainable transactions in financial markets on its website on November 12, 2021.

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Nigar Gökmen
Nigar Gökmen
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The Ministry of Treasury and Finance ("Ministry") published the Sustainable Finance Framework ("Framework") setting the standards for green, social and sustainable transactions in financial markets on its website on November 12, 2021.

What Does the Framework Mean?

The Framework regulates the standards for sustainable financing instruments (including all green, social or sustainability bonds, sukuks, loans and other debt instruments) and eligible green and/or eligible social projects.

The Framework is prepared in line with the International Capital Markets Association's ("ICMA") and the Loan Markets Association's ("LMA") guidelines and principles regarding green and/or social financing instruments in accordance with the guidance provided by ING and Standard Chartered Bank. The Ministry also published a second party opinion of an international evaluation company (Sustainalytics) along with the Framework on its website. This opinion confirms the reliability and

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