Zorlu Holding has just released its 2023 Sustainability Report, showcasing their continued commitment to sustainable business practices under the “Smart Life 2030” strategy. This strategy focuses on regenerative business models and people-centered ecosystems, aiming to meet 2030 and 2050 environmental, social, and governance (ESG) goals.
In their latest report, Zorlu Holding not only outlines their progress but also provides updates in line with the United Nations Global Compact principles. Zorlu’s CEO, Cem Köksal, emphasized that sustainability is not just a part of their business but is central to everything they do. The holding integrates environmental, social, and governance issues into all their strategic business processes across their group companies.
Köksal highlighted some significant achievements in 2023, including a 37% reduction in Scope 1 and 2 emissions compared to their baseline in 2020, and a 15% decrease in total emissions across Scopes 1, 2, and 3. This is a major step towards their Net Zero Emission goals under the “Regenerative Business Models” approach.
In 2023, Zorlu invested 2.4 billion Turkish Lira in R&D, contributing to innovations in renewable energy, electric vehicle ecosystems, and sustainable textiles, among other areas. These investments aim to drive the transformation of the ecosystem, particularly in circular economy sectors, and combat climate change in the long term.
Köksal also noted Zorlu’s efforts to increase social impact. The holding dedicates 1% of their EBITDA annually to Sustainable Development Goals (SDGs) and has met that target in 2023 by directing resources towards social investments that create positive change.
On the global front, Zorlu Holding’s progress in sustainability is recognized internationally. Their companies have been featured in prestigious platforms like the Carbon Disclosure Project (CDP) and the S&P Corporate Sustainability Assessment (CSA), affirming that they are on the right track.
Zorlu Holding’s latest sustainability report reflects a genuine commitment to both environmental stewardship and social responsibility. Their focus on the circular economy, investment in innovative solutions, and dedication to sustainable insurance practices make them a leader in shaping a greener, more equitable future.
