ZORLU ENERJI ELEKTRIK ▄RETIM A.S.

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Zorlu Enerji Elektrik ▄retim : ranks fourth with its "Environmental-Social-Governance" score in the energy sector

12/30/2021 | 01:47pm EDT

Press Release December 2021

Zorlu Enerji ranks fourth with its "Environmental-Social-Governance" score in the energy sector

Zorlu Enerji maintains its efforts for a better future aligned with the Smart Life 2030 strategy. As a result of the evaluation made by Vigeo Eiris, an independent rating, and research institution, Zorlu Enerji ranked 4th among 54 global energy companies with its Environmental, Social, and Corporate Governance (ESG) activities focused on providing sustainable solutions for the world's fundamental challenges.

Zorlu Enerji continues to improve its Environmental, Social, and Corporate Governance (ESG) performance to enable a sustainable and regenerative growth model in Turkey by making sustainability a way of doing business.

ESG operations of Zorlu Enerji, which aims to develop the future business model with its sustainability-focused approach based on impact-driven growth, have been evaluated since 2018 by Vigeo Eiris -an independent rating and research institution. Due to the evaluation made in 2021, Zorlu Enerji improved its performance score by 8 points compared to the previous year and ranked 4th among 54 global energy companies. Progressing in line with its vision of being the energy company of the future with its investments in renewable resources and new technologies, Zorlu Enerji continues to be the sector's leading company in ESG.

Zorlu Enerji focuses on creating the highest value in ESG

Emphasizing that Zorlu Enerji led the industry with its sustainable solutions and R&D efforts based on smart technologies by investing in stakeholder, society, and planet focus, Zorlu Enerji CEO Sinan Ak mentioned: "In line with the Smart Life 2030 strategy, we aim to create the highest value for our stakeholders in the fields of environmental, social and governance. We consider the areas to focus on in our long-term value creation journey under the roofs of 'Repairable Operations and Value Chain,' 'Impact-Driven Growth,' and 'People and Culture.' We address our environmental, social, and governance priorities with the goals set under these headlines. We regularly evaluate our performance with a rating company by defining our short, medium, and long-term roadmaps. In 2021, due to the evaluation carried out by the world-renowned independent auditor Vigeo Eiris -an expert in ESG risk assessment- we received a performance score of 57 out of 100. And we ranked 4th among 54 energy companies in the world. We are aware that our ESG criteria, which have a remarkable place in the policies that prepare our company for the future, are essential for sustainability and creating a shared value for all our stakeholders. With our transparent and ethical business conduct and integrated perspective, we minimize today's and future risks, and we aim at creating a positive impact by evaluating new opportunities.

Zorlu Enerji aims to raise its ESG rating above 60

Stating that Zorlu Enerji would become a carbon-neutral company in the 2035s before 2050, Sinan Ak continued: "Companies need to make several commitments to improve their ESG ratings. Evaluation agencies are monitoring us since we made commitments to reduce our emissions. At this point, fulfilling these commitments becomes more of an issue. All our systems are transparent, and our results are open to all our stakeholders. When your ESG score exceeds 60, this means you are doing very well in a developing country. Our goal is to have a predictable, transparent management structure and be an environmentally sustainable company that adds value to society. Also, we set a goal for ourselves: we plan to pass beyond 60 points next year. In line with this goal, we will focus on taking required actions quickly by identifying the areas that need to be solved. We will make commitments such as getting out of the natural gas power plants and making Osmangazi a carbon-neutral company. As we achieve, both our ranks and business partners will increase. We want our investors to consider us as the company of the future. We need people who want to be a partner in the future of our company's future, not only in the present day."

Zorlu Enerji aims to reduce its carbon footprint by 50 percent

Since 2010, Zorlu Enerji has voluntarily submitted official reports to the CDP Platform (Carbon Disclosure Project). It measures and evaluates the environmental performance of thousands of companies to reduce the effects of the climate crisis and protect natural assets.

Continuing to work in line with its commitment to net-zero emissions for 2030, Zorlu Enerji received a "B rating" in the Climate Change and Water Security program, according to the detailed rating results of the 2021 Climate Change and Water Security Program conducted by CDP, an international nonprofit organization enables companies to share their performance, strategy, and goals transparently with their stakeholders by measuring their carbon and water footprint.

Disclaimer

Zorlu Enerji Elektrik Uretim AS published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2021 18:46:07 UTC.


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Sales 2022 12 725 M 805 M 805 M
Net income 2022 100 M 6,32 M 6,32 M
Net Debt 2022 - - -
P/E ratio 2022 67,0x
Yield 2022 -
Capitalization 5 025 M 318 M 318 M
Capi. / Sales 2022 0,39x
Capi. / Sales 2023 0,36x
Nbr of Employees 2 373
Free-Float 65,2%
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Ibrahim Sinan Ak General Manager
Elif Yener Director-Financial Affairs
Zeki Zorlu Chairman
Ali Kindap GM-Investments, Operations & Maintenance
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