Impact Investing Advisory Board  Newsletter 2024-1

Impact Investing Advisory Board Newsletter 2024-1

You can find news from EYDK, visits made, events hosted and contributed to in this newsletter. Wishing you enjoyable reading!

NEWS FROM EYDK?

The Board of EYDK Has Assumed Office!?

EYDK completed its institutionalisation process in November 2023.

New board assumed the roles of:


“A Strong Base for Growth” – EYDK Biennial Report (May 2021 – May 2023) Published!?

The report includes the founding story of the Impact Investing Advisory Board and offers a summary of its activities between May 2021 and May 2023. Additionally, it provides a general overview of the impact investment journey in Türkiye, addressing the key aspects such as Türkiye’s impact investment potential and EYDK’s vision for impact measurement and management.?

Access report here.


?A Cooperation Protocol was signed between EYDK and KGK!?

Upon the acceptance and integration of the International Sustainability Standards Board (ISSB) standards into Turkish legislation by the Public Oversight, Accounting and Auditing Standards Authority (KGK), the EYDK Board conducted a courtesy visit to Dr. Hasan ?z?elik , the President of KGK. During the visit, steps taken by Türkiye regarding sustainability standards, mandatory sustainability reporting, and sustainability assurance contracts were evaluated, and opportunities for collaboration were discussed. A cooperation protocol was signed between EYDK and KGK to increase awareness and promote the implementation of international standards in impact measurement, management, and reporting at the national level.?

For more information click here.


HOSTED EVENTS?

EYDK Initiates the Transformation in the Business World with SDG Impact Standards!?

As a prerequisite for EYDK membership, the SDG Impact Standards Training was implemented by EYDK starting in 2024. EYDK is committed to ensuring the accessibility of the SDG Impact Standards Training for all interested organisations, prioritising member institutions. This initiative aligns with UNDP SDG Impact's worldwide adoption of SDG Impact Standards. In this context, on February 13, 2024, the SDG Impact Standards Information Session for senior executives of EYDK member institutions was hosted by Kale Grubu President and CEO H. Zeynep Bodur Okyay , and SDG Impact Director Fabienne Michaux attended the session via video message. The session was concluded with a presentation by Ceyda ?zgün, Chief Impact Officer at Etkiyap , the training partner and one of the founding members of EYDK.?

For more information click here.


The SDG Impact Standards Training Took Place in Istanbul and Ankara!

The SDG Impact Standards Training as a prerequisite for EYDK membership, organised by EYDK in collaboration with Etkiyap , took place in Istanbul at Sabanc? ARF from February 15 to 17, and in Ankara at ODTü TEKNOKENT from February 21 to 23. The training sessions were conducted by Ceyda ?zgün, Chief Impact Officer, and Melek De-Wint , Board Member of Etkiyap. 46 participants from EYDK member institutions took part in the training. 35% of the participants were public institutions, 22% were private sector and non-profit organisations, 9% were development finance institutions, and 6% were investors and universities. Participants who completed the 2.5-day training and received a certificate at the end of the program.?


EYDK 2024 Information Meeting was held on January 19th with Broad Participation!?

At the first meeting organised with the new Board of Directors and association status of EYDK, the new corporate structure of EYDK was presented to the participants, the introduction of the Board of Directors took place, and stakeholders were informed about the plans for the year 2024.?

EYDK, embarked on a mission to create an ecosystem with the goal of promoting sustainable growth by supporting impact investments in Türkiye, continues its mission to make Türkiye as an entry point to the regional market in the field of impact investment through collaboration with national and international stakeholders.?

To become a member of EYDK, please visit.


Joint Event by Civil Society on the Anniversary of the February 6 Earthquakes??

Marking the anniversary of the devastating earthquake that shook our country, the Impact Investing Advisory Board (EYDK), the Entegre Raporlama Derne?i Türkiye (ERTA) - Integrated Reporting Association Türkiye (ERTA) , and the Business and Sustainable Development Council Türkiye ( SKD Türkiye (BCSD Türkiye) ) jointly organised a webinar titled "6 February Earthquakes and the Role of Civil Society." EYDK Chair of Executive Board ?afak Müderrisgil delivered a speech at the event.???

In a webinar organised in partnership with Sürdürülebilir Bir Dünya , where ten civil society leaders came together, discussions focused on the efforts made following the devastation caused by earthquakes in the country, measures to be taken in the face of a potential earthquake disaster in the future, and the role of civil society.?

You can watch the recording of the webinar on the Sürdürülebilir Bir Dünya YouTube channel.


The Second Meeting of the ''Alignment of Faith-Based Investments and Impact Investing'' Working Group Took Place on January 18th!?

The second meeting of the ''Alignment of Faith-Based Investments and Impact Investing'' Working Group established within EYDK took place on January 18th, hosted by the Turkish Participation Banks Association ( Türkiye Kat?l?m Bankalar? Birli?i ). The meeting addressed topics such as COP28 outcomes, international best practices, identification of the stakeholder ecosystem, and exploring alternative financing instruments.?


“Sunshine of ?anl?urfa” Project Closing Event Held!?

The Sunshine of ?anl?urfa Project is funded by the European Union and implemented by the International Centre for Migration Policy Development (ICMPD) under the coordination of the General Directorate of Development Agencies of the Ministry of Industry and Technology, within the framework of the ENHANCER project, led by the Impact Investing Advisory Board (EYDK), in partnership with TGMP (Turkey Grameen Microfinance Program). The aim of the project is to increase the capacity of entrepreneurship institutions, empower Syrian and local women in the entrepreneurship ecosystem by encouraging sustainable partnerships between local and national actors and ensure social harmony through scalable and adoptable projects.?

The Closing Event organised within the scope of the project started with the opening speeches of EYDK Secretary General Tu??e S??üt,PMP and TGMP Southeastern Anatolia Regional Coordinator Mustafa Pehlivan. Nahid Galluf and Hatice Fidano?lu, who participated to the Entrepreneurship Training given within the scope of the "Sunshine of ?anl?urfa" project, also shared their experiences at the event, which continued with the presentation of project outputs by Ceren Toraman , EYDK Knowledge and Project Management Specialist. After the speeches, the event continued with the Social Cohesion Workshop.?

For more information click here.


EYDK at COP 28: Panel on “The Alignment of Faith- Based Investment and Impact Investing with SDGs”!?

EYDK hosted the panel “The Alignment of Faith- Based Investment and Impact Investing with SDGs” during the 2023 UN Climate Change Conference held in Dubai from November 30th to December 12th, 2023. In the panel, esteemed figures in the financial sector were convened to tackle the substantial $4 trillion annual investment gap hindering the achievement of the Sustainable Development Goals (SDGs) worldwide. The discussion placed a spotlight on Faith-based finance, notably Islamic Finance, as an innovative and alternative financial tool capable of fostering the impact economy and fully internalising sustainable finance. Moderated by Ms. ?afak Müderrisgil , Chair of Executive Board of the Impact Investing Advisory Board in Turkiye (EYDK), the panel featured key speakers such as Mr. Mohammed Dawood (HSBC), Mrs. Secil Yildiz (Development and Investment Bank of Türkiye/ Kalk?nma Yat?r?m Bankas? ), Mrs. Fatma Eser ?INAR (Participation Banks Association of Türkiye/ Türkiye Kat?l?m Bankalar? Birli?i ), and Mr. Ali Kemal Kucukcan ( Türkiye Emlak Kat?l?m Bankas? ).?

For more information click here.


VISITS?

EYDK Board Members have made significant visits in Ankara in its new term after having completed its institutionalisation process in November 2023!? ?

EYDK Board Members have made significant visits in Ankara in its new term after having completed its institutionalisation process in November 2023. The EYDK delegation visited the leaders and executives of the Turkish Government who are members of EYDK's Advisory Board. The vision and roadmap of EYDK for the new term were conveyed to the institutions.?

EYDK Board Members made courtesy visits to the following officials for their collaboration and contribution to Türkiye's leadership in the impact economy between February 19-21.? ?

  • Mr. Mehmet Fatih KACIR Minister of Industry and Technology of the Republic of Türkiye?
  • Mr. B.E. Mehmet Kemal Bozay, Deputy Minister of Foreign Affairs of the Republic of Türkiye?
  • Dr. ?etin Ali D?nmez , Deputy Minister of Industry and Technology of the Republic of Türkiye?
  • Mr. Osman ?elik , Deputy Minister of Treasury and Finance of the Republic of Türkiye?
  • Dr. Hasan ?z?elik , President of the Public Oversight, Accounting and Auditing Standards Authority of the Republic of Türkiye?
  • Mr. Bekir Emre HAYKIR , President of the Privatization Administration of the Republic of Türkiye?
  • Mr. ?brahim ?mer G?nül , President of the Capital Markets Board of the Republic of Türkiye?
  • Prof. Dr. Halil Hasar , Head of Climate Change Presidency of the Ministry of Environment, Urbanization and Climate Change of the Republic of Türkiye?
  • Mr. Kutluhan Ta?k?n , Deputy President of Strategy and Budget Presidency of the Republic of Türkiye?
  • Mr. Bulent Ozcan , Director-General of Financial Cooperation and Project Implementation at the Directorate for European Union Affairs, Ministry of Foreign Affairs of the Republic of Türkiye.?


The EYDK Board Visited Impact Ecosystem Stakeholders!?

EYDK Board visited the Investment Office of the Presidency of the Republic of Türkiye , Istanbul Financial Center , The Banks Association of Türkiye ( Türkiye Bankalar Birli?i ), Bili?im Vadisi and ODTü TEKNOKENT , discussions took place regarding the developments in impact investments in Türkiye, future steps within the context of the impact economy and potential collaborations.?


EYDK Board Members Visit An?tkabir!?


CONTRIBUTED EVENTS?

EYDK Secretary General Tu??e S??üt at “Impact Investment and Recognition of the Concept of Impact Investment in Türkiye" Event!

Tu??e S??üt,PMP , Secretary General of EYDK, participated as a speaker at the "Impact Investment and Recognition of the Concept of Impact Investment in Türkiye" event hosted by The Union of Chambers and Commodity Exchanges of Türkiye (TOBB) Ankara Young Entrepreneurs Council ( TOBB Ankara Gen? Giri?imciler Kurulu ) on February 29, 2024. The event, continued with active participation of aspiring young entrepreneurs, encouraged discussions on the core principles of impact investing. Furthermore, it explored innovative initiatives and regulatory frameworks in Türkiye concerning impact measurement and management.?

For more information about the event, click here.


EYDK at the Mid of Med Mediterranean Business Summit Held in Izmir on January 29-30!?

The summit, organised by the Izmir Women Entrepreneurs Association ( ?Z?KAD ?zmir ?? Kad?nlar? Derne?i ), aimed to lead the establishment of international partnerships for the realisation of innovation-oriented projects of women and young entrepreneurs through the creation of the Izmir-based Mediterranean Strategic Partnerships Center.?

Tu??e S??üt,PMP , the Secretary General of EYDK, assumed the role of moderator for the panel “Promoting Impact Investment in the Mediterranean and Finance Sector for Green Investments.” During the panel featuring Dr. Baran Bozo?lu (PhD) , President of the Climate Change Policies Association, and Asma Amri, President of Purchasing Association, significant discussions took place regarding the regional potential of impact investment.? ?


EYDK Board Members Se?il Y?ld?z and Hale ?zsoy B?y?kl? at the 3rd Portfolio Management Summit!?

Impact Investing Advisory Board (EYDK) Vice President Secil Yildiz and Board Member Hale Ozsoy attended the “Future Investment Themes” Panel as speakers within the scope of the 3rd Portfolio Management Summit organised by Turkish Institutional Investment Managers’ Association on December 15. The panel was moderated by Prof. Dr. Guler Aras , Entegre Raporlama Derne?i Türkiye (ERTA) - Integrated Reporting Association Türkiye (ERTA) , Founding Chair and YTU Center for Finance, Corporate Governance and Sustainability (CFGS) Founding Director, Funda Uyar Geneci, Capital Markets Board of Türkiye ( Sermaye Piyasas? Kurulu - SPK ), Head of Institutional Investors Department, and Sami Aslanhan , Chairman of Kontrolmatik Technologies , were among the speakers.??

For detailed information about the panel.


EYDK Secretary General Tu??e S??üt at the 'SECoP: Leveraging Evidence for Social Entrepreneurship' Event!

EYDK Secretary General Tu??e S??üt,PMP , participated as a speaker at the 18th SECoP Meeting, focused on the theme ” Leveraging Evidence for Social Entrepreneurship”, the closing event of the “Strengthening Economic Opportunities for Syrians under Temporary Protection (SuTP) and Turkish Citizens in Selected Localities” Project financed by the European Union and implemented by the World Bank from 2019 to 2023, specifically addressing access to financing sources and financial opportunities for social entrepreneurs?

For more.


EYDK Chair of Executive Board ?afak Müderrisgil at the “Writing a New Economic Narrative” Panel Organised within the Global Donut Day!?

The Global Donut Day organised by Onar?m At?lyesi | Regenerative Impact Space and Doughnut Türkiye in partnership with ISPER A?. and Istanbul Planning Agency, was celebrated on November 13th at the IPA Florya campus!?

?afak Müderrisgil, Chair of Executive Board of EYDK, was also a speaker at the “Writing a New Economic Narrative” panel organized within the scope of the event, focusing on a prosumer, impact, and donut economy and social entrepreneurship. The panel was moderated by Assoc. Prof.? Murad Tiryakioglu ( Yerli Ye?il Yeni ), Berivan Elis ( Impact Hub Ankara ) and Dr. Uygar ?zesmi ( Good4Trust.org ) also took part as a speaker.?

For more information click here.


EYDK at the Baku Sustainable Development Forum!?

The Second Baku Sustainable Development Forum took place on November 15-16, 2023, presenting a roadmap for developing the impact investing ecosystem in Azerbaijan! The Forum also launched the Azerbaijan SDG Investor Map, a market intelligence tool aimed at assisting investors in decision-making by identifying investment opportunities, areas, and business models that advance the SDGs.?

EYDK Chair of Executive Board ?afak Müderrisgil moderated the "Driving Investments for the SDGs: Impact Measurement and Management" panel organized within the Forum. Florenca Korbi , Advisor to the Cabinet of the Prime Minister of Albania, Eldar Hamidov , Deputy Chairman of Entrepreneurship Development Fund, Elif Erkul Associate at TCX Funds Netherlands, Husnu TEKIN, PhD , ECO Director, Iraís Vázquez, PhD , Senior Technical Lead of Climate Bonds Initiative and Dr. Munirah Alaboudi , Human Capital and Innovation General Manager, Ministry of Investment of Saudi Arabia were the speakers of the panel.?


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