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Mahmut Akten, CEO of Garanti BBVA<\/p>\nGaranti BBVA issued a \u20ac30 million ($34 million) green bond to finance climate adaptation in T\u00fcrkiye\u2019s agricultural sector.<\/p>\n
Proceeds will support sustainable farming, land management, efficient irrigation, water systems, and agricultural infrastructure.<\/p>\n
The bank has reached about\u00a0<\/p>\n
Garanti BBVA Issues \u20ac30M Green Bond for Agriculture<\/p>\n
Istanbul\u2019s agricultural economy is facing sharper climate pressure, from water stress to production volatility. Garanti BBVA is now directing fresh sustainable finance into that challenge through a \u20ac30 million green bond aimed at climate adaptation in agriculture.<\/p>\n
The bond has a maturity of one year and two days. It was issued under the bank\u2019s international funding program and Garanti BBVA Sustainable Debt Finance Framework. Proceeds will finance sustainable agriculture projects across T\u00fcrkiye.<\/p>\n
The funding is earmarked for organic and sustainable agricultural production. It will also support land management practices, efficient irrigation infrastructure, water management systems, and agricultural infrastructure. The bank said the financing will help make agricultural activity more resilient to climate change.<\/p>\n
Agriculture Moves Higher on the Climate Finance Agenda<\/p>\n
Agriculture sits at the center of several ESG priorities. Food security, water use, land stewardship, rural livelihoods, and emissions all meet in the sector. For T\u00fcrkiye, the stakes are also economic. Farming communities face rising exposure to drought, heat, and changing rainfall patterns.<\/p>\n
Garanti BBVA\u2019s issuance points to a wider shift in sustainable finance. Banks are moving beyond renewable power and energy efficiency. They are also targeting adaptation, nature-linked resilience, and climate-exposed sectors that affect national stability.<\/p>\n
Commenting on the issuance, Mahmut Akten, CEO of Garanti BBVA, said: \u201cAt Garanti BBVA, we view sustainable finance as a key tool for supporting the transformation of T\u00fcrkiye\u2019s economy.\u201d<\/p>\n
Mahmut Akten, CEO of Garanti BBVA<\/p>\n
Akten highlighted the strategic role of agriculture in both food security and climate adaptation. He said the bond will help finance climate adaptation in sustainable agriculture. He also noted that climate impacts are becoming more visible. For T\u00fcrkiye, he said, investment in resilient agricultural production is essential for the country\u2019s future.<\/p>\n
That message is likely to resonate with policymakers and investors. Adaptation finance remains underdeveloped compared with mitigation finance. Yet physical climate risk is already affecting supply chains, asset values, and sovereign resilience.<\/p>\n