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