Akbank+ Program Spin-Off: Waste Log Qorus Reinvention Awards - Europe 2025 - Winner

Submitted by

Akbank

Akbank T.A.Ş. was established in Adana on January 30, 1948 as a privately-owned commercial bank to provide resources and support to the local cotton producers, with the purpose of carrying out all kinds of banking transactions and performing any kind of economic, financial and commercial attempts and activities that are...

Premium
26/06/2024 Banking Innovation
Waste Log is the one of the first spin-offs of Akbank's Venture Builder Program: Akbank+. Waste Log offers a platform for users to recycle their waste that is separated at the source.
Innovation details
Country
Turkey
Category
Social, Sustainable & Responsible Banking
Keyword
HR & New ways of working, Beyond financial services & ecosystems, ESG & Sustainability

Innovation presentation

Waste Log provides users in Turkey an easy outlet to recycle their waste oil, electronic waste and battery waste. Users can easily submit their waste through mobile app. In a few days, their waste is collected from their location and in return, they collect Waste Log points.

In addition to serving users who prefer making more sustainable and responsible actions, Waste Log's business model includes business partnerships. Corporate organizations which would like to achieve their sustainability goals and also encourage their employees and customers to make more responsible decisions partner with Waste Log as well. In addition to big corporations, merchants such as restaurants that would like to recycle their waste submit their waste as well.

Waste Log has started its operation following the investment from Akbank within the scope of Akbank+ Program. During the past year, Waste Log partnered with Eureko Insurance, Apsiyon (residency management company), Akbank, TEB and Duracell. As the demand expands, Waste Log extends its operations to other waste types as well. The latest extension has been battery waste and a battery recycle campaign was initiated with Duracell, one of the leading battery providers.

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