Arcelik Publishes its 14th Sustainability Report
PR96406
ISTANBUL, Turkey, June 8, 2022 /PRNewswire=KYODO JBN/ --
ARCELIK URGES ALL STAKEHOLDERS TO CHANGE FOR A BETTER WORLD
- Arcelik published its 14th Sustainability Report with the theme, "Lead the
Change, Shape the Future," including its sustainability performance in 2021 and
targets for the future, rooting its leading position in sustainability with
ambitious targets.
- Aiming for zero emissions by 2050, Arcelik procured 69 percent green
electricity, and also prevented the emission of approximately 5,514 metric tons
of CO 2 thanks to 228 energy efficiency projects.
- The company also reduced its Scope 1 (direct) and Scope 2 (indirect) GHG
emissions stemming from manufacturing by 20 percent in 2021 compared to the
2018 base year.
- Over the past 12 years, Arcelik has saved water corresponding to the daily
water consumption of approximately 2.7 million Turkish households.
Arcelik continues to root its global leadership in sustainability and published
its 14th Sustainability Report, outlining its performance in 2021 as well as
fresh, ambitious targets for the future. The report, with the theme "Lead the
Change, Shape the Future," aims to encourage everyone to speak up and mobilize
for a better world. In line with this vision, Arcelik aims to achieve net-zero
emissions in all operations by 2050 through green investments in renewable
energy, and energy efficiency in products and production.
Hakan Bulgurlu, CEO of Arcelik, commented: "We take a multifaceted approach to
sustainability and have invested €93 million in overall R&D spending."
Bulgurlu also underlined that the company's sustainability vision is to root
its global industry leadership, commenting: "We need organizations to take
positive action towards a sustainable future. We, therefore, urge all
stakeholders across our value chain to lead that change to build a better world
for our children."
Noting that 2021 witnessed groundbreaking sustainability activities by Arcelik,
he continued: "We take a multifaceted approach to sustainability, taking into
consideration social, environmental and economic factors. We have taken many
steps to this end in 2021. We obtained the highest grade in our industry for
the third consecutive year at the Dow Jones Sustainability Index and became the
only company to have been awarded the Terra Carta Seal in Turkey and in our
industry. We also became the first industrial manufacturing company in Turkey
to issue green bonds in the international markets. Apart from its environmental
ambitions, Arcelik is committed to the United Nations Generation Equality
Forum. We continuously improve our performance to achieve 2030 sustainability
goals and shape our roadmap to reach our 2050 net-zero emission target. Our
technological investments toward sustainable development are also progressing
at full speed. We invested €93 million in overall R&D spending in 2021 and we
aim to root our leading position through our technological efforts to make our
planet a better place."
Water efficiency worth the water consumption of 2.7 million households
Having boosted the ratio of green electricity in global manufacturing
operations to 69 percent, Arcelik also achieved approximately 63,000 GJ of
energy efficiency and prevented the emission of 5,514 metric tons of CO₂
thanks to 228 energy efficiency projects. In 2021, the company reduced Scope 1
(direct) and Scope 2 (indirect) GHG emissions stemming from manufacturing by 20
percent in 2021 compared to the 2018 baseline. Over the past 12 years, Arcelik
has saved 2.17 million cubic meters of water, equivalent to the daily water
consumption of approximately 2.7 million Turkish households. Furthermore, the
company used 7,216 metric tons of recycled plastic in its products to
contribute to the fight against plastic pollution. Since 2014, 1.6 million
pieces of waste electric and electronic equipment (WEEE) were recycled at the
company's own WEEE Recycling Facilities.
Sustainable Funding for a Sustainable Future
The report also includes technological advances in sustainability; Arcelik
announced that it maintained investments in Research and Development (R&D),
innovation, and technology with recent investments in R&D reaching EUR93
million. The company also noted that it is the first industrial manufacturing
company in Turkey to have issued green bonds in the international markets with
a release worth EUR350 million. Other notable commitments include an
eight-year loan agreement worth EUR150 million with the European Bank for
Reconstruction and Development (EBRD), including €83 million in green loans.
Following the initiative by Koç Holding, a leading voice of the UN Women
Generation Equality Forum, Arcelik announced fresh commitment to advance gender
equality in technology and innovation in Turkey over the next five years with
targeted community outreach.
Global Sustainability Goals and Achievements
By 2030, Arcelik aims to establish a 50 MW renewable energy power plant for
self-consumption at its own manufacturing facilities, investing a minimum of
$50 million in energy efficiency and renewable energy projects, and sourcing
all electricity for global manufacturing facilities from 100-percent renewable
sources. Furthermore, the company aims to reduce water use per product by 45
percent in production, increase water recycling and reuse rate up to 70 percent
and boost the ratio of recycled plastic in products to 40 percent by 2030.
Already making contributions to gender equality in the workplace by
continuously increasing the number of women employees across the organization,
Arcelik also carries out projects among its dealership and service networks to
further strengthen the role of women in the industry and in society more widely.
In 2021, Arcelik was awarded the Terra Carta Seal, which was presented by the
Prince of Wales to companies that have committed to combat climate change with
concrete targets within the scope of the Sustainable Markets Initiative. It is
the first and only company in its industry to be awarded the Seal. In 2021,
Arcelik was awarded the highest rank for the third consecutive time in the
Durable Household Products category in the Dow Jones Sustainability Index
(DJSI), which evaluates the sustainability performance of the world's largest
companies. Click on the link to access the report containing all other
sustainability performance data and targets: www.arcelikglobal.com
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Source: Arcelik
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