A global home appliances manufacturer like Beko has recently achieved a milestone in its sustainability strategy by obtaining its first sustainability-linked loan from the International Finance Corporation, a World Bank Group member, with an amount of around €100 million.
“Financing over five years reflects the company’s dedication to incorporating sustainability into its overall value chain as well as driving innovation in energy-efficient and smart consumer appliances,” the company explained. The deal is in line with the company’s sustainability-linked financing framework.
Emphasis on Renewable Energy and Resilient Manufacturing
Another important element of the financing supported by the IFC is the continued operation of Beko’s two solar energy plants, which will help the company diversify its energy resources and rely more on renewable energy. The loan will also enhance the robustness of Beko’s six production units against potential earthquake risks, which is essential for production continuity even in seismically active areas.
Investing in resilient infrastructure is a key strategy Beko is pursuing to increase its resilience to operational risks while ensuring long-term sustainability and stability through its manufacturing plants in Europe, Asia, Africa, and the Middle East.
Increase in R&D Spending and Innovation of Smart Appliances
Aside from this, this funding also accelerates Beko’s global R&D work in other areas, including digitalization. These developments aim to focus on smart, resource-efficient, and health-oriented home appliances that encourage people to live sustainably.
As it maintains 28 R&D centres and over 2,300 global innovators, Beko is also keeping innovation at the forefront of sustainability, with an emphasis on low energy, low emissions, and user well-being.
2030 Climate and Inclusion Targets
The sustainability-linked loan structure takes into account the company’s 2030 goals, such as lower greenhouse gas emissions and greater gender diversity. These objectives align with the IFC’s overall vision to foster inclusive, climate-resilient growth in emerging markets.
Barış Alparslan, the Chief Financial Officer of Beko, said that this agreement is an important milestone in realizing their net-zero goal. He added that their investments in renewable energy, earthquake resistance, and innovation would help them better comply with global sustainability requirements.
IFC Supports Long-Term Industrial Competitiveness
IFC representatives underlined the significance of resilient infrastructure and R&D investments for the sustainability of manufacturing competitiveness.
“The investment will help promote resilience and employment creation, as well as foster sustainable growth of the industrial sector. IFC continues its efforts aimed at supporting the growth of the Middle East and Central Asia’s manufacturing sector,” said Ashruf Megahed.
A Sustainability Leader in the Appliance Industry
Beko is still one of the leading home appliance companies globally, with operations in over 55 countries and more than 50,000 employees. In 2024, the company posted consolidated sales of € 10.6 billion, establishing it as the leading home appliances company in Europe by market share.
The company has received international recognition for its commitment to sustainability, topping the charts in the S&P Global Corporate Sustainability Assessment, inclusion in the Dow Jones Sustainability Indices, and ranking among the most sustainable companies globally by both TIME Magazine and Statista.
With this new funding, Beko further strengthens its vision statement, “Respecting the World, Respected Worldwide,” and establishes new benchmarks in the home appliance industry for sustainable manufacturing and innovation.
