| Project Detail |
Location: Türkiye Project number: 55535 Business sector: Manufacturing and Services Notice type: Private Environmental category: B Approval date: 26 Feb 2025 Status: Exploratory English-language PSD published: 20 Jan 2025 Project Description A senior unsecured loan of up to EUR 50 million, or its equivalent in TRY, in favour of TEB Arval Arac Filo Kiralama A.S. (TEB Arval, or the Company) to finance a new fleet of Battery Electric Vehicles (BEVs). Project Objectives The loan will finance a new fleet of BEVs in TEB Arvals leasing portfolio (the Project). Implementing the Project will accelerate the Companys decarbonization efforts and help TEB Arval mitigate carbon transition risk through CO2 savings. The Project is aligned with the mitigation and adaptation goals of the Paris Agreement considering that the Project meets the substantial contribution under the EU Taxonomy for Climate Action. The Project will also support the Companys continuous improvement initiatives on Diversity and Inclusion via the launch of Unconscious Bias and Inclusive Leadership training program for middle and senior managers. The Project aligns with EBRDs Strategy for Türkiye 2024-2029 as it supports decarbonisation across sectors through direct engagement with private clients. |
