Corporate Sustainability Governance
With its robust corporate structure, Garanti Bank aims to maintain long-term sustainable growth by continuously creating value.
With an aim of continuously and noticeably increasing the value it creates for its customers, shareholders, employees, the society and the environment, Garanti Bank established the Sustainability Committee in 2010 with the aim of coordinating the work undertaken in the area of sustainability. Operating under the Board of Directors, the Sustainability Committee is chaired by one of the Board members.
As Garanti Bank, we believe that sustainability issues should be placed in decision-making mechanisms and business processes in order to create long-term value for our stakeholders. The Sustainability Committee, established for this purpose, is a Committee which formally reviews and approves the Bank’s activities related to sustainability.
|Dr. M. Cüneyt Sezgin (Committee Chair)
|Ali Fuat Erbil (Permanent Member)
||CEO, Board Member
|Ali Temel (Permanent Member)
||Chief Credit Risk Officer
|Aydın Güler (Permanent Member)
||EVP, Finance and General Accounting
|B. Ebru Edin (Permanent Member and Committee Secretary General)
||EVP, Corporate and Investment Banking
|Cemal Onaran (Permanent Member)
||EVP, SME Banking
|Osman Tüzün (Permanent Member)
||EVP, Human Resources and Support Services
The Sustainability Committee meets regularly in order to monitor the progress of and to provide input to all sustainability efforts. The Committee is deliberately structured to integrate sustainability concerns and opportunities into all operations, products and services. In addition, this structure ensures all efforts are consistent with internal policies and related regulations. The Sustainability Committee’s role is to agree on strategic direction and action plans for the Bank. The Sustainability Committee meets to review and take decisions on recommendations raised by the Sustainability Team and functional representatives regarding sustainability related topics. In 2017, the Sustainability Committee has met one time. The decisions made in the Committee are shared with other units. In addition, the Committee ensures the integration of all material aspects and environmental and social factors, products and services, and decision-making mechanisms.
Garanti Bank established the full time Sustainability Team within the body of Project Finance Department in 2012 with the aim of working more efficiently in the area of sustainability.
Regularly reporting to the Sustainability Committee, the Sustainability Team works in cooperation with other departments of the Bank in the process of implementing the decisions into practice. Following the progress regularly, the Team ensures the consolidation and assessment of sustainability data throughout the Bank within the scope of Bank’s objectives, and coordinates the gathering of information and data from other departments. Furthermore the Sustainability Representatives have been assigned since 2012 in order to gather data and support the application of the decisions made by the Sustainability Committee in the units or branches where they work. As of the end of 2017, there are more than 1,000 Sustainability Representatives in charge of working in coordination with the Sustainability Team
Sustainability Committee is 1 of 28 committees within Garanti Bank, which collectively constitute the basic elements of the Bank’s corporate management structure.
Joint targets of the Bank’s committees include:
- Ensuring efficiency and productivity within the framework of acceptable risk parameters,
- Implementing the Bank’s corporate strategy by aiming to comply fully with all legal requirements,
- Observing full compliance with ethical and corporate values,
- Maintaining a balanced and integrated performance economically, socially and environmentally.
Policies and Principles
Garanti Bank has established strong systems and processes in light of legal requirements, which serve to guarantee the Bank’s long-term sustainability and strength when it comes to generating added value. Garanti Bank has set out a number of policies and principles on issues from customer satisfaction to legal compliance that include:
- Risk Management Policies
- Garanti Code of Conduct
- Declaration of Human Rights
- Disclosure Policy
- Dividend Distribution Policy
- Human Resources Policy
- Anti-Money Laundering Policy
- Donation and Contribution Policy
- Compensation Policy
- Employee Compensation Policy
- Sustainability Policy
- Environmental Policy
- Environmental and Social Loan Policies
- Climate Change Position Statement & Action Plan
Some of the above-mentioned policies are available on Garanti Bank’s website in Turkish and in English. All policies listed above are accessible in Turkish by employees through the Bank’s intranet.