Beko, a global leader in home appliances, has secured a €100 million sustainability-linked loan from IFC, part of the World Bank Group. This is Beko’s first loan of its kind, highlighting its focus on sustainability and bio-friendly technologies. The funds will support renewable energy projects, including two solar power plants, to reduce environmental impact.
The loan will also help enhance six manufacturing facilities to improve earthquake resilience and ensure continuous production. Beko plans to invest in bio-based and eco-efficient materials for its appliances. The goal is to develop products that are healthier for users and the environment.
Research and development efforts will focus on digitalization and smart appliances. These products aim to use resources efficiently and promote healthier lifestyles for consumers worldwide. The five-year financing aligns with Beko’s 2030 targets to cut greenhouse gas emissions and increase workforce diversity.
Beko’s CFO, Barış Alparslan, said the loan is a milestone in their journey toward sustainability. “Investing in renewable energy, resilience, and bio-inspired innovations strengthens our ability to meet global sustainability goals,” he explained. “We aim to deliver products that are safe, smart, and environmentally friendly for our customers and communities.”
IFC’s Regional Industry Head, Ashruf Megahed, emphasized the importance of resilient infrastructure and bio-based R&D. “Supporting companies like Beko helps build economic resilience and promotes sustainable growth,” he said. “Our partnership encourages innovation in bio-materials and green technologies that benefit the wider economy.”
