Arcelik joins the UN Global Compact CFO Taskforce to align finance and sustainability for real world change
PR91863
ISTANBUL Sept. 22, 2021 /PRNewswire=KYODO JBN/--
Arcelik A.S. (IST: ARCLK) ("Arcelik"), the global leading consumer durables and
electronics manufacturer, has announced that Polat Sen, the Chief Financial
Officer (CFO) of Arcelik has joined the UN Global Compact CFO Taskforce. With
60 members across 23 industries and five regions, the CFO Taskforce aligns UN's
Sustainable Development Goals (SDGs), the corporate sustainability commitments
to credible finance strategies with the intention of producing real world
impact through long-term sustainable change.
The CFO Taskforce has a collective market cap of 1.7 trillion and grants the
CFOs a unique position to reshape the future of global corporate finance and
investment for growth, social impact and ultimately SDGs investment. Coming
together at the UN's General Assembly week commencing the 21st September,
financial leaders from all around the world, will discuss and develop action
plans to solve today's environmental and social challenges. As one of the
members of the task force, Arcelik has made great strides in its sustainability
journey, instigating long-term positive change and contributing to the SDGs.
This announcement follows Arcelik's Green Bond issuance in May 2021, where the
business launched the first of its kind, from a Turkish industrial company in
the international market. Using the bond, included in Arcelik's Green Financing
Framework, the company is financing its Eligible Green Projects that include
energy-efficient, eco-efficient and circular economy adapted products and the
promotion of energy efficiency in production. The Green bond is also funding
the company's sustainable water resources and wastewater management, pollution
prevention control, renewable energy, and green buildings initiatives. This
further demonstrates Arcelik's commitment to sustainability and leadership in
the industry for such an initiative.
Polat Sen, CFO, Arcelik said:
"It's a great honour to join the UN Global Compact CFO Taskforce. At Arcelik,
we see sustainability as a business strategy that needs to be incorporated into
the heart and mind of business and this initiative looks to achieve that.
Joining fellow CFO's intent on making positive change, I believe it will be a
great opportunity to learn from and collaborate with business leaders. From
financial frameworks to investment decisions, we can be a catalyst for positive
change and investment."
About Arcelik
With over 40,000 employees throughout the world, Arcelik's global operations
include sales and marketing offices in 48 countries, and 28 production
facilities in 9 countries and 12 brands (Arcelik, Beko, Grundig, Blomberg,
ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko).
As Europe's second largest white goods company by market share (based on
volumes), Arcelik's consolidated revenue reached US$4.3 Billion in 2020.
Arcelik's 30 R&D and Design Centers across the globe, are home to over 1,700
researchers and hold more than 3,000 international patent applications to date.
Arcelik is named the "Industry Leader" in the Durable Home Appliances category
for the 2nd year in a row in Dow Jones Sustainability Index 2020 and, in
accordance with PAS 2060 Carbon Neutrality Standard, became carbon-neutral in
global production plants in 2019 and 2020 fiscal years with its own carbon
credits. Arcelik's mission is 'Respecting the World, Respected Worldwide.'
www.arcelikglobal.com
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SOURCE: Arcelik
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