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Turkish home appliances manufacturer Arcelik’s international subsidiary, Beko, has obtained a €100 million ($117.45 million) sustainability-linked loan from the International Finance Corporation (IFC) in the company’s first financing arrangement tied directly to its environmental and social performance targets.
The five-year loan is designed to support the appliance maker’s renewable energy capacity, strengthen its production infrastructure, and expand global research and development efforts.
The company said the loan agreement was structured under its Sustainability-Linked Financing Framework, which aligns borrowing conditions with its 2030 goals to reduce greenhouse gas emissions and increase gender diversity within the workforce.
According to the statement, IFC will provide funding to support the operation of Beko’s two solar power plants, which will supply renewable electricity for the company’s energy needs.
Part of the financing will be used to reinforce six of Beko’s production sites to improve their resilience against the risk of earthquake damage, and the company stated that the upgrades are intended to strengthen operational continuity while reducing vulnerability across its manufacturing base.
The loan will also help advance Beko’s global R&D programs, particularly in areas such as digitalization and the development of smart, resource-efficient, and health-focused home appliances, the statement read.
Beko Chief Financial Officer Baris Alparslan described the loan as a step that supports the company’s long-term environmental strategy. He said the investment would enhance renewable energy use, bolster earthquake preparedness, and accelerate innovation across new product lines. Ashruf Megahed, IFC Regional Industry Head for Manufacturing, Agribusiness and Services in the Middle East and Central Asia, said the investment demonstrates IFC’s intention to help build resilient industrial infrastructure while supporting competitiveness in the regional manufacturing sector.
Founded in 1955 and restructured in 2000 to operate under Arcelik, Beko is part of Koc Holding and operates across 55 countries with a workforce of more than 50,000, along with production facilities in 13 countries.
IFC, the private-sector arm of the World Bank, is one of the leading external financiers of Türkiye, with the corporation’s portfolio surpassing $23.5 billion over the past decade.
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