The EBRD will provide 75 million Euros of long-term financing to Rönesans Healthcare Investment A.Ş., a group company of Rönesans Holding, for hospital public-private partnership (PPP) investments. Regarding the EBRD’s agreement to support the health sector, a signing ceremony was held with the participation of EBRD officials and Rönesans Holding Chairman of the Board, İpek Ilıcak Kayaalp. The financing proceeds will be used to finance the investment expenditures of Rönesans Healthcare Investment and for general corporate purposes in line with the EBRD’s approach to improve corporate governance and climate risk management. Renaissance has a total bed capacity of 9 thousand in completed and ongoing health projects in Turkey. “We will further expand our work” Speaking at the signing ceremony, Rönesans Holding Chairman of the Board İpek Ilıcak Kayaalp said, “We are strengthening our long-term cooperation with the EBRD within the framework of our investments in the healthcare sector. We attach great importance to investments made in social reinforcement projects in Turkey. In particular, the EBRD’s support for health infrastructure works and its trust in our company are very valuable.” İpek Ilıcak Kayaalp, who stated that Rönesans Holding continues its investments and acquisitions with its companies in 30 countries, not only in the health sector, but also in energy and industrial facilities, said: “As Rönesans Holding, our top priority is to add value to people and to focus on a sustainable future. This and similar financings that support social development and green, low-carbon investments allow us to focus more on sustainability. As Rönesans Holding, we aim to keep carbon emissions at a minimum by using best-in-class efficient technologies in our new investments, particularly in health, industry and energy. One of the most important aspects of this project and EBRD cooperation for us is our work on gender-based violence and harassment. We have ensured that equal opportunities for women and men in the health sector are promoted by comprehensively strengthening Renaissance’s human resources processes, policies and procedures, including contracted positions, through our previous pilot studies. Now, we will further expand our work,” he said. Speaking on the cooperation, EBRD Turkey Managing Director Arvid Tuerkner said, “We have a long history of partnership with Rönesans and we are happy to work with them on this project. This project will strengthen hospital infrastructure investments and transform the company into the largest social infrastructure and Public Private Partnership platform in the country. “In addition, this project will increase the financial resilience and sustainability performance of Rönesans Healthcare Investment. We believe that all of Rönesans’s efforts will contribute greatly to social infrastructure projects in Turkey.” Renaissance Health Investment will implement a comprehensive plan Following the highest standards of corporate governance and sustainable development, Rönesans Holding and Rönesans Healthcare Investment will implement a comprehensive Environmental and Social Action Plan to improve corporate governance and climate risk management during the EBRD cooperation process. In addition, Rönesans Healthcare Investment will take actionable steps on gender-based violence and harassment in line with the guidance document previously prepared by the EBRD, IFC and CDC (the former development finance institution of the United Kingdom). On the other hand, all five hospitals that Rönesans Healthcare Investment Inc. implemented together with the French Meridiam International Investment Fund and Japanese Sojitz have LEED GOLD certification, and the new healthcare investment to be realized with Meridiam, Samsung C&T and Istanbul Portfolio will also be LEED (Energy and environmental design). Leadership) certification. The EBRD has invested approximately 17 billion euros in Turkey since 2009, almost entirely in the private sector. The EBRD’s 7.3 billion euro portfolio in Turkey is the largest among 38 economies in which the Bank has invested.