The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a Memorandum of Understanding (MOU) with Çalık Enerji Sanayi ve Ticaret A.Ş. (Çalık Enerji), a leading subsidiary of Çalık Holding A.Ş., a major conglomerate in the Republic of Türkiye, to strengthen the partnership between the two organizations, taking the opportunity of the Japan-Türkiye Joint Business Committee to do so.
Çalık Enerji, a leading energy and infrastructure company, has been engaged in EPC (engineering, procurement, and construction) projects, utility investments such as electricity and gas distribution, and renewable energy power generation projects. These efforts contribute to climate change responses and business expansion of Japanese companies not only in Türkiye but also in the Middle East, Central Asia, Africa, and the West Balkans. The MOU aims to promote cooperation between JBIC and Çalık Enerji, a major player in the fields of decarbonization and green transformation (GX), and, thus, strengthen collaborations between Çalık Enerji and Japanese companies to promote these fields in Türkiye and third countries. The conclusion of this MOU is also in line with the government of Türkiye's carbon neutrality goal for 2053.
In the Fifth Medium-Term Business Plan, released in June 2024, JBIC aims to contribute toward realizing both carbon neutrality and economic growth. In addition, in its ESG Policy, released in October 2021, it is committed to pursuing ambitious and accelerated efforts to reduce its operational greenhouse gas (GHG) emissions to net zero by 2030 and achieve net zero emissions of its finance portfolio by 2050. The ESG Policy states that JBIC will contribute toward realizing global carbon neutrality by supporting and accelerating energy transitions toward a decarbonized society in emerging and developing countries. The signing of the MOU is in line with the Medium-Term Business Plan and the ESG Policy of JBIC.
As Japan's policy-based financial institution, JBIC will continue to work closely with foreign governments and governmental agencies, thereby contributing toward creating business opportunities for Japanese companies as well as maintaining and improving the international competitiveness of Japanese industry.
