Zorlu Holding Invested Approximately 2.5 Billion TL in R&D in 2023
In its 2023 Sustainability Report, Zorlu Holding has comprehensively covered the progress achieved by its group companies in 2023 towards the environmental, social and corporate governance (ESG) oriented targets set in line with the Smart Life 2030 sustainability strategy.
2023 Sustainability Report, Cem Köksal, CEO of Zorlu Holding, said: “As Zorlu Holding, we are working for a more equal, fair and inclusive world with our “responsible investment holding” approach around our Smart Life 2030 strategy. We consider sustainability as the centre and the whole of our business, not just a part of it, and we look out for the health of people, society and the planet in all our activities. Together with our group companies, we integrate environmental, social and corporate governance issues into our company strategies and all our business processes.’
Zorlu Group reduced Scope 1 and 2 emissions by 37% in 2023 compared to 2020
Stating that they are taking firm steps towards the strategic sustainability targets they have set in line with the Smart Life 2030 vision, Köksal said; “In line with our “Net Zero Emission” and “Circularity” focused targets under the “Renewing Business Models” approach, we reduced Scope 1 and 2 emissions by approximately 20% in 2023 compared to the previous year and 37% compared to 2020, the base year. We reduced Scope 1-2-3 total emissions by 15% compared to the previous year.”
“We Continue Our Investments in Innovative Areas”
Stating that they allocated a budget of 2 billion 417 million TL for R&D in 2023, Köksal continued his words as follows: “With our group companies in five main sectors, we continue to invest in innovative areas that shape the future with R&D, technology and innovation. Through our companies, we invest in many areas that create value, from renewable energy to the electric vehicle ecosystem, from smart white goods and electronic products to innovative mining applications based on research and development, from sustainable textiles to real estate applications that offer experience-oriented living spaces. Thus, we aim to contribute to the transformation of the ecosystem in the fields of climate crisis and circular economy in the long term.”
Scores Rise on Internationally Recognised Sustainability Platforms
Emphasising that the progress made by Zorlu Group companies in sustainability is also reported by international institutions, Cem Köksal, CEO of Zorlu Holding, said; “Our publicly traded companies have been increasing every year; Carbon Disclosure Project’s (CDP) Climate Change, Water Security, Deforestation, , Supply Chain programmes, S&P’s Corporate Sustainability Assessment (CSA), LSEG (London Stock Exchange Group) ESG assessment for Borsa Istanbul Sustainability Index, confirms that we are on the right road.”
