Global leading consumer durables and electronics manufacturer, and parent company of Beko, Arçelik has scored 86 out of 100 in the 2023 S&P Global Corporate Sustainability Assessment (CSA) published on 27 October 2023. The CSA evaluates the world’s largest companies and assesses sustainability performance and environmental, social, and governance (ESG) efforts.
Arçelik achieved the highest score out of 46 companies assessed in the DHP Household Durables Industry, highlighting the company’s commitment to a sustainable future as the benchmark brand in the manufacturing industry.
The recognition follows the 2023 United Nations Global Assembly Conference (UNGA), where the company has joined the Forward Faster initiative to support acceleration of 2030 goals and made significant commitments in Climate Action, Water Action, and Sustainable Finance.
Arçelik has also pledged its commitment to the Science Based Targets Initiative, aiming to become a net-zero company as of 2050 in line with the Science Based Targets Initiative (SBTi) Corporate Net Zero Standard. This means that Arçelik will update its near-term approved science-based targets and set a long-term target according to 1.5-degree scenario.
These net-zero targets will lead Arçelik to reduce its global Scope 1, 2 and 3 emissions by 90% by 2050, using 2022 base year. Investing in qualified nature-based and/or technology-based carbon removal projects will address the 10% residual emissions in line with the SBTi Corporate Net Zero Standard.
Commenting on Arçelik’s inclusion in the Dow Jones Sustainability Indices, CEO, Hakan Bulgurlu (pictured) said, “It is a privilege to have achieved the highest score on the DJSI for the fifth consecutive year– this recognition is a significant accolade for our business. Arçelik’s efforts towards building a more sustainable future, not only for our company but also for our customers, are consistently evolving.
“Sustainability is deeply ingrained in every aspect of Arçelik’s value chain. Our actions are aimed at creating a positive domino effect; it’s about encouraging consumers to make more sustainable purchasing decisions and to incorporate habitual changes into their daily lives.
“Together, these changes will help shape the future of our planet, society, and health for the better. I am excited about what lies ahead, fueled by our company’s successes to date, with an everlasting passion to deliver even more positive changes for the future, including fulfilling our science-based targets to reduce our Scope 1, 2, and 3 GHG emissions.”