Türkiye Green Fund Makes Its Second Investment
Türkiye Green Fund, established by TSKB with resources secured from the World Bank under the guarantee of the Republic of Türkiye Ministry of Treasury and Finance, has made its second investment in Sapro Temizlik Ürünleri.
The €30 million investment, provided entirely through a capital increase, aims to support Sapro’s green transformation and growth strategies. The investment also stands out as a strategic financing step that contributes positively to nature-positive production.
Türkiye Green Fund aims to make medium- and long-term investments in companies that create added value in areas aligned with Türkiye’s development plan. Through these investments, the Fund seeks to reduce greenhouse gas emissions and support the green and inclusive transformation of the Turkish economy.
The Fund also plays an active role in deepening and diversifying capital markets with a focus on climate finance, while helping mobilize private capital.
Sapro’s Green Transformation Plans to Be Supported
Sapro Temizlik Ürünleri, one of Europe’s leading wet wipe manufacturers, will accelerate its environmental transformation plans through this partnership.
The company’s priority areas include reducing its carbon footprint, investing in renewable energy, improving efficiency, and strengthening waste and water management practices. The investment also supports Türkiye’s 2053 Net Zero target by helping accelerate inclusive and green transformation in industry.
Ozan Uyar: “A Strategic Step to Accelerate the Green Transformation of Our Industry”
TSKB CEO Ozan Uyar stated that they were pleased to complete the second investment under Türkiye Green Fund.
Highlighting that TSKB has been working for Türkiye’s multidimensional development for more than 75 years, Uyar emphasized that the bank combines its deep expertise in development banking with its investment banking activities.
Commenting on the partnership with Sapro, Uyar said:
Through Türkiye Green Fund, which is a strong reflection of our long-standing relationship with the World Bank, we are further advancing our partnership and expanding our support for development. This cooperation with Sapro Temizlik Ürünleri is not only a strategic step that will accelerate the green transformation of our industry, but also one that will strengthen the alignment of domestic production with global standards.
Ceyhun Zincirkıran: “We Design Sustainable Products for the Future of Our World”
Sapro Chairman Ceyhun Zincirkıran stated that the investment made by Türkiye Green Fund, which is backed by World Bank resources, is fully aligned with Sapro’s sustainability vision.
Zincirkıran emphasized the importance of product safety and sustainability, particularly in sensitive areas such as baby care. He noted that since its establishment, Sapro has focused on developing products that do not harm babies while also designing sustainable solutions for the future of the planet.
Zincirkıran described the company’s position and sustainability investments as follows:
As Türkiye’s largest and one of Europe’s four largest manufacturers in the private label wet wipes segment, we continue to focus on developing natural ingredients. With our investment in wet wipe fabric made from 100% recycled, biodegradable, compostable, and 100% plant-based natural fibers, we continue to serve globally and remain among the companies making the highest sustainability investments in our field in Türkiye.
Özgür Temel: “We Support Green Transformation with Measurable Steps”
Maxis Venture Capital General Manager Özgür Temel said Türkiye Green Fund continues to support companies’ green transformation processes in line with decarbonization and inclusive transformation goals.
Temel noted that Sapro, which has been operating for nearly 30 years, has a strong position in its sector thanks to its export capability, broad customer base, and advanced production infrastructure focused on efficiency and technology.
Temel explained how the investment will be used:
This investment in Sapro Temizlik Ürünleri, our second investment, represents a strong field example of Türkiye Green Fund’s approach to supporting green transformation in industry through concrete and measurable steps. The resources provided under the Fund will be used for activities aimed at reducing the company’s carbon footprint and increasing operational efficiency.
World Bank Highlights Low-Carbon Production
World Bank Country Director for Türkiye Humberto Lopez stated that Türkiye Green Fund demonstrates how public resources can mobilize private capital to accelerate industrial transformation and decarbonization.
Lopez emphasized that the investment in Sapro signals the emergence of a scalable financing model for low-carbon production in Türkiye.
He added that the World Bank remains committed to supporting platforms that enhance competitiveness, accelerate industrial innovation, and mobilize private investment.
A New Model for Green Finance in Industry
Türkiye Green Fund’s investment in Sapro shows that green transformation in industry is not only an environmental priority, but also a financial and competitive transformation area.
Through this investment, Sapro is expected to strengthen its sustainable production capacity, expand low-carbon production processes, and contribute to Türkiye’s green transformation goals.
