Garanti BBVA is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

As part of the Net Zero Banking Alliance (NZBA), Garanti Bank BBVA is required to set interim targets for 2030 for high emission priority sectors. For Garanti Bank BBVA, this includes its lending to the steel sector. You can see Garanti Bank BBVA’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker: