Sabancı Holding CEO to unveil sustainability goals in NYC, Sept 2024
- Sabancı Holding's CEO will announce sustainability initiatives in NYC during UNGA week on September 21, 2024.
- The Group aims to reduce its Scope 1 and 2 GHG emissions by 42% by 2030, with a 15% reduction target by 2025.
- The commitment to sustainability is evident in their investments and product offerings, showcasing a clear focus on environmental responsibility.
Mr. Cenk Alper, CEO of Sabancı Holding, is set to announce the Group's sustainability achievements and future initiatives during the UN General Assembly week in New York City on September 21, 2024. Sustainability has become a core aspect of Sabancı Holding's strategy, with the company being the first investment holding in Türkiye to implement a comprehensive nature program. The Group has set an ambitious target to reduce its Scope 1 and 2 greenhouse gas emissions by 42% by 2030, with an interim goal of 15% reduction by 2025. In 2023, Sabancı Holding successfully reduced its consolidated Scope 1 and 2 emissions by 20% and water consumption by 24% compared to 2021. The company has committed $5 billion towards investments related to the Sustainable Development Goals (SDGs), achieving 24% of this target by the end of 2023, with plans to meet the full commitment by 2027. This includes enhancing existing assets for sustainability resilience and investing in new economy sectors. The Group has also expanded its portfolio of SDG-related products and services, increasing the total to 1,166, a 23% rise from the previous year. Akbank, a subsidiary of Sabancı Holding, exceeded its sustainable finance goal, reaching 226 billion TL in 2023 and raising its Sustainable Finance Pledge to 800 billion TL. Overall, Sabancı Holding's focus on sustainability reflects a broader commitment to integrating environmental considerations into its business model, recognizing that sustainable practices not only benefit the planet but also drive business growth in emerging sectors such as green energy and sustainable finance.