Green Financing

Turkey green taxonomy and green financing

How taxonomy-aligned energy data supports green finance conversations.

  • Sustainability
  • blog.readMinutes

While the green loan and sustainable bond market is growing rapidly, banks are asking “is this investment green?” It looks for a standard answer to the question. Türkiye's Green Taxonomy was developed as a national classification framework compatible with the EU Taxonomy under the coordination of the Climate Change Directorate. Energy efficiency investments—motor, HVAC, building envelope, OSOS-supported monitoring—can be positioned as compatible activity; however, technical screening criteria and “no significant harm” (DNSH) testing must be met.

6

environmental target

Contribution + DNSH + social protection

aligned

EU harmonization

Gap analysis completed

Climate / EKV

energy focus

Efficiency + renewable

Taxonomy logic: what counts as “green”?

For an economic activity to be considered green (compatible), it must: (1) contribute significantly to at least one of six environmental objectives, (2) not cause significant harm to other objectives, (3) minimum social protection, (4) meet relevant technical screening criteria. The climate target includes energy efficiency improvement, renewable energy and building performance. Electricity generation using solid fossil fuel is not classified as a sustainable activity.

Six environmental targets — shortlist
#targetEnergy sector example
1Climate — emission reductionEfficiency, solar energy, heat recovery
2Climate—adaptationPlant durability
3waterWater saving, recovery
4circular economyWaste heat, material recovery
5pollution preventionemissions control
6biodiversityFacility surroundings restoration

Energy efficiency investment and green loan

Banks expand their green loan portfolio with taxonomy-compliant activities. Investment in a factory motor VFD, LED, building insulation or OSOS-supported energy management platform can receive a green financing label — when technical criteria are met. TSRS 2 climate reporting and green credit share the same data language: measurable kWh/tCO₂e reduction.

Relationship with other programs

VAP/EKA grants (our EFFICIENCY/SME guide) operational support; green taxonomy finance label. Green Transformation in Industry (SYD) Certificate environmental performance score; green taxonomy activity classification — complement each other. YEK-G market-based Scope 2 claim is a separate document layer.

ENOPTIMAL: green credit M&V input

At the closing of the green loan, the bank requests a consumption decline report for 12 months after the investment. ENOPTIMAL OSOS and invoice reconciliation automate this report; EPS/VAP uses the same data set as M&V.

Conclusion

Türkiye's Green Taxonomy connects energy efficiency investments to the sustainable finance market. Check technical criteria early in the project design; Plan monitoring infrastructure together with the investment. You can get information about green finance data preparation with the demo.

Tags

green taxonomygreen financingESGenergy efficiencysustainable credit

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