Our Approach To Sustainability

Aksa Energy establishes its business model aligned with a vision that encompasses economic, social and environmental factors. Accordingly, the Company evaluates its current business processes within the scope of sustainability and integrates the concept of sustainability in all its operations.

Aksa Energy adopts a holistic approach to in its business model while maintaining its investments inline with its global growth targets. In this context, the Company reduces Turkey’s external dependence on energy with its operations in the country and provides access to energy for local people via its activities in developing nations, including those in Africa. Thus, Aksa Energy contributes to the development of countries with urgent energy needs and, via the employment opportunities it creates, to the socio-economic development of those countries’ populations. These activities also provide an important foreign currency inflow for Turkey.

Not only does Aksa Energy implement responsible and sustainable development principles in its current operations, the Company also develops environmental and social initiatives with a wide area of impact, aiming to be an effective stakeholder in the geographies where it operates and creating long-term value for future generations.

Thanks to its strong organizational structure and dynamic governance model, Aksa Energy – consistently taking care to ensure that all business strategies are compatible with the sustainability approach – continually expands the added value it creates across social, environmental and economic areas. The sustainability targets are effectively communicated to all levels of the Company and the performance of Aksa Energy in relation to these targets is monitored via multi-stakeholder audit practices.

In parallel with its global investments, Aksa Energy integrates its global sustainability targets into its understanding of value creation. The Company, which closely monitors sustainability platforms on a local and global scale, and voluntarily supports sustainable development in all areas. In addition, Aksa Energy has been a signatory of the United Nations Global Compact (UNGC) since 2017. The Company carries out its operations in compliance with the 10 principles of this contract and manages all its environmental, social and economic impacts.

The Company also contributes to seven of the Sustainable Development Goals.

Committed to making sustainability an integral part of its business operations and long-term strategic perspective, Aksa Energy gives priority to the continuity of communication with its stakeholders.  In this context, it has been voluntarily presenting its sustainability performance to the public through sustainability reports issued in accordance with GRI Standards every year since 2016.

 

 

Sustainability Management

Sustainability of business processes is becoming an increasingly important issue each year, both domestically and globally. Against this backdrop and motivated by this global movement, Aksa Energy assesses the existing risks and embraces sustainability awareness as a strategic priority in all its operations. The Company’s sustainability approach is implemented under the key headings of “Environmental Sustainability,” “Employees” and “Social Responsibility.” Aksa Energy aims to leverage its sustainability approach as a competitive advantage on its path to becoming a global power and is committed to making significant strides in this area to bolster its competitive edge.

Aksa Energy has established a Sustainability Committee which reports directly to the the Chairman of the Board of Directors and CEO. and The Committee is responsible for formulating strategies and policies that ensure sustainable implementation of all business processes; taking the necessary steps to put these strategies and policies into practice; overseeing, supervising and improving the strategies and policies.

Sustainability Committee

In order to coordinate its sustainability initiatives, Aksa Energy established the Sustainability Committee in 2015, which reports directly to the Chairman of the Board of Directors and CEO. The Committee contributes to the reporting of sustainability performance, as well as to the management of sustainability-related matters with a more holistic approach.

Members of the Sustainability Committee play a primary role in the management of key and prioritized sustainability issues that fall within their respective areas of expertise. Sustainability risks and opportunities related to key and prioritized issues are evaluated by the relevant units, and the utmost care is taken to analyze the environmental, social and economic impacts of these actions in an integrated manner.

The Sustainability Coordination and Working Group established under the Sustainability Committee assists the Committee in carrying out these tasks.