IFC Invests in Türkiye's Beko to Boost Sustainability and Innovation

• Beko’s first sustainability-linked loan will expand its renewable energy capacity and focus on R&D to develop eco-efficient appliances with improved resource efficiency, while also enhance its earthquake resilience
• The loan will include sustainability-linked targets of increasing women’s representation in the workforce and reducing greenhouse gas emissions.

Istanbul, Türkiye, December 22, 2025—IFC signed a €100 million sustainability-linked loan agreement with Beko, a global leader in home appliances. The IFC loan, Beko’s first ever sustainability linked loan, will help the company expand its renewable energy capacity, strengthen earthquake resilience, and drive innovation through research and development (R&D) in its operations across Türkiye.

The newly secured financing will facilitate the ongoing operation of Beko’s two solar power plants dedicated to renewable energy use and strengthen six production facilities which will improve resilience against potential earthquake damage. The financing will also help the company invest in R&D to support digitalization and development of next generation eco-efficient appliances that promote resource efficiency. These efforts will also include initiatives to nurture talent and foster innovation, helping Beko enhance its global competitiveness.

The five-year loan is expected to encourage a broader shift towards sustainable home appliance production, and improve export opportunities for other Turkish manufacturers.

“Our partnership with IFC on this €100 million sustainability-linked loan underscores our shared commitment to sustainable growth and innovation,” said Barış Alparslan, Chief Financial Officer of Beko. “This financing will bolster our production capacity, accelerate energy‑efficient product development, and support job creation across Türkiye. We are proud to deepen our collaboration with the IFC as we continue delivering best‑in‑class appliances to customers worldwide.”

"This investment underscores the importance of building resilient infrastructure and advancing R&D to ensure the long-term competitiveness and sustainability of Türkiye's manufacturing sector," said Ashruf Megahed, IFC Regional Industry Head, Manufacturing, Agribusiness and Services in the Middle East and Central Asia. "By working with leading companies like Beko, we aim to drive economic resilience and create jobs, generating positive effects for the wider economy.”

Türkiye is one of IFC’s largest country portfolios, with a total committed exposure of nearly $6.4 billion as of December 2025. IFC’s investments in Türkiye focus on supporting private sector growth, promoting sustainability, and fostering innovation across key sectors, including manufacturing, infrastructure, and financial services.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** The company has been recognized as the 17th most sustainable company on TIME Magazine and Statista’s 2025 list of the World’s Most Sustainable Companies. Beko’s vision is ‘Respecting the World, Respected Worldwide.’  

www.bekocorporate.com   

*Licensee limited to certain jurisdictions.  

 **The data presented belongs to Arçelik A.Ş., a parent company of Beko.