Garanti BBVA International is proud to announce its selection as Project Finance House of the Year at the Global Banking & Markets: CEE, CIS & Türkiye Awards 2024.
These awards, established in 2014, honor the most innovative and impactful financial deals across sovereign, corporate, and financial institution borrowers. Adding to this incredible achievement, this GBI-funded project, also received top honors in two additional categories:
- ESG Loan Deal of the Year
- Loan Deal of the Year
The award-winning project supports the FEFCO Climate Neutrality Roadmap for the paper industry and exemplifies GBI’s dedication to sustainability-focused financing. Key highlights include
- Advanced energy efficiency technologies
- Integration of renewable energy to significantly reduce greenhouse gas emissions
- Emphasis on waste reduction and water conservation
- Community engagement through education programs and transparent communication
This initiative not only meets rigorous environmental standards but also sets a benchmark for the industrial sector by introducing innovative approaches to managing Scope 3 emissions and conducting in-depth physical risk assessments.
About the Awards
The Global Banking & Markets: CEE, CIS & Türkiye Awards celebrate excellence in financial markets. Winners are selected through a meticulous process, evaluating deal size, tenor, structure, and execution, as well as their impact on opening new markets and accessing new liquidity pools.
Discover the full list of winners here: Global Banking & Markets Awards 2024 Winners.
This recognition reflects GBI’s unwavering commitment to driving sustainable finance and setting new standards for the financial industry. Together, we are advancing innovation and creating a sustainable future.
