Sabancı Holding’s MSCI ESG Rating was upgraded to AA thanks to its comprehensive environmental, social and governance processes based on international standards and best practices.
Sabancı Holding, the first Group in Turkey to make a long-term commitment with its 2050 net zero target, achieved another significant success in sustainability. As a result of the assessment conducted by MSCI, one of the world’s most respected platforms in the field of sustainability, Sabancı Holding’s MSCI ESG Rating was upgraded to AA, thanks to its comprehensive environmental, social and governance processes based on international standards and best practices.
With this rating increase, Sabancı Holding’s MSCI ESG Rating has risen four notches in the last four years. Sabancı Holding became the first and only Holding in Turkey to be rated AA by MSCI ESG Rating, which measures companies’ resilience against long-term ESG risks.
“We place circular economy at the center of our business”
Commenting on the issue, Sabancı Holding CEO Cenk Alper said, “As a Group, we know very well that every step we take in the field of sustainability brings us a little closer to solving the climate emergency and eliminating inequalities in the world. We do not consider sustainability only in a narrow definition such as protecting nature and greenery. While we move forward with determination within the scope of our detailed sustainability roadmap covering all 3 elements of ESG (ESG – environmental, social, governance), we also place the circular economy at the center of our current businesses and investments. Every year, we conduct gap analysis according to international standards and best practices and take the necessary steps to improve further. We are also encouraged by the recognition of these efforts by platforms such as MSCI, which are closely followed by the financial world. I would like to sincerely thank all Sabancı employees who have contributed to the 4-step rating increase we have achieved as a Holding in the last 4 years.”
“We will reduce our direct emissions by 42 percent by 2030”
2050 net zero goals, Cenk Alper underlined that they have set themselves very challenging targets and said, “Our top priority for this is to move from words to action. In addition to transforming our business, we codify activating our environment and stakeholders as a business culture. And to do all this by following the footsteps of science and technology. Accordingly, in coordination with the Science-Based Targets Initiative (SBTi), we will reduce our direct carbon emissions by at least 42 percent in 2030 compared to 2021. By the end of 2025, we aim to have achieved a 15 percent reduction as a Holding. In addition, we will complete our investments in sustainability-related areas to 5 billion dollars in the 6-year period covering the period 2022-2027.”