In 2023, we developed decarbonization strategies in alignment with the climate crisis strategy and SBTi guidelines for the sectors we have prioritized to achieve our target set and created action clusters to realize these strategies. While developing our transformation plan, we conducted an interactive process with the Steering Committee consisting of our senior management and our Working Group members, which includes relevant teams. We conducted our activities in accordance with the credit policies and strategies of our Bank.
At the core of our Bank's transformation strategy for these sectors is to support the transformation needs of our customers. In the context of investment loans, the financing needs that will arise as a result of the transformation actions planned for the sector form the basis of the sector's loan strategy. One of the most basic loan opportunities is the provision of loans for technologies that reduce emission intensity for capacity increase investments that will arise as capacity utilization rates increase in response to rising demand. The strategy also encompasses the provision of financing to companies that have committed to reducing their emission intensity in line with their transformation plans for existing capacities.
Among the priority sectors, companies with high energy consumption are planning investments to generate energy with renewable resources in order to reduce their emission intensity. In addition to providing financing for these investments, our sector strategies also include offering loans for the greening of energy consumption through purchasing green electricity certificates, particularly in the absence of integrated facility investments. Another aspect of our Bank’s transformation strategy is to provide the financing our customers need for the integration of technologies developed following the widespread adoption of carbon capture strategies suitable for sectors, such as carbon capture and storage. At Yapı Kredi, we will continue to make progress in our working capital loans and investment loans in line with our current strategies and targets.