Sabancı, the first Group in Turkey to make a long-term commitment with its 2050 net zero target, has achieved another important success in sustainability. As a result of the evaluation carried out by MSCI, one of the world’s most respected platforms in the field of sustainability, Sabancı Holding’s MSCI ESG Rating score was increased to AA, thanks to its processes based on comprehensive and international standards and good practices in the field of environmental, social and governance. With this rating increase, Sabancı Holding’s MSCI ESG Rating has increased by 4 levels in the last 4 years. Sabancı Holding became the first and only Holding in Turkey to be rated AA by MSCI ESG Rating, which measures the resilience of companies against long-term ESG risks.
“WE PLACE CIRCULAR ECONOMY AT THE CENTER OF OUR BUSINESS”
Evaluating the issue, Sabancı Holding CEO Cenk Alper said, “We know very well that every step we take as a group in the field of sustainability brings us closer to solving the climate emergency and eliminating inequalities in the world. We do not consider sustainability in a narrow definition such as only protecting nature and greenery. While we move forward with determination within the scope of our detailed sustainability road map, which includes all 3 elements of ESG (ESG - environmental, social, governance), we also place the circular economy at the center of our current businesses and investments. Every year, we conduct a gap analysis according to international standards and good practices and take the necessary steps to improve further. We are also encouraged that our work is appreciated by platforms followed closely by the financial world, such as MSCI. “I would like to wholeheartedly thank all Sabancı employees who contributed to the 4-level rating increase we have achieved as the Holding in the last 4 years,” he said.
“WE WILL REDUCE OUR DIRECT EMISSIONS BY 42 PERCENT BY 2030”
Underlining that they have set very challenging targets for themselves as they move towards the 2050 net zero targets, Cenk Alper said, “For this, our top priority is to move from words to action. In addition to transforming our business, we encode activating our environment and stakeholders as a business culture. Moreover, to do all this by following the footsteps of science and technology. In this regard, in coordination with the Science-Based Targets Initiative (SBTi), we will reduce our direct carbon emissions by at least 42 percent by 2030 compared to 2021 at the latest. As a Holding, we aim to achieve a 15 percent reduction by the end of 2025. “In addition, we will complete our investments in sustainability-related areas to 5 billion dollars in the 6-year period covering the 2022-2027 period,” he said.