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Arçelik Achieved the Highest Score in the DHP Household Durables Industry in the 2021 S&P Global Corporate Sustainability Assessment
The company also achieved the highest score out of 20 companies assessed in the DHP Household Durables Industry. This announcement highlights Arçelik's ever-growing commitment to a sustainable future and places the company once again as the benchmark brand in the manufacturing industry. Also, Arçelik has for the fifth year in a row been listed in the Dow Jones Sustainability Indices (DJSI).
This recognition follows Arçelik's announcement at the 2021 United Nations Climate Change Conference (COP26) that it has re-submitted more ambitious science-based emissions reduction targets for their Scope 1, 2 and 3 GHG emissions, pushing for a 50.4% reduction across all three scopes as part of the company's commitment to the Paris Agreement goals. This demonstrates that Arçelik understands it has a responsibility to lead the way in energy transformation and a more sustainable future.
Prior to this, Hakan Bulgurlu, CEO of Arçelik joined The World Economic Forum Alliance of CEO Climate Leaders. A group of 70 global chief executives, who are driving cross-sector collaboration to accelerate the transition to a net-zero economy. Arçelik understands that there is more that can still be done and are calling on other businesses to join in the fight and recognise how they can effect change and stop environmental devastation. Arçelik is also one of 45 companies that have been awarded the HRH The Prince of Wales' Terra Carta Seal in recognition of the company's commitment to creating a sustainable future.
Commenting on Arçelik's consistent inclusion in the Dow Jones Sustainability Indices, CEO Hakan Bulgurlu said:
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected using environmental, social and governance (ESG) criteria. The DJSI, including the Dow Jones Sustainability World Index (DJSI World), were launched in 1999 as the pioneering series of global sustainability benchmarks available in the market. The index family is comprised of global, regional and country benchmarks. Arçelik has featured in the DJSI since 2017.
The full results and list of DJSI constituents are available at https://www.spglobal.com/esg/csa/
For more information about the DJSI methodology, please visit: https://www.spglobal.com/spdji
With over 40,000 employees throughout the world, Arçelik's global operations include sales and marketing offices in 48 countries, and 28 production facilities in 9 countries and 12 brands (Arçelik, Beko, Grundig, Blomberg, ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko). As Europe's second-largest white goods company by market share (based on volumes), Arçelik's consolidated revenue reached
US$4.3 Billion in 2020. Arçelik's 30 R&D and Design Centers & Offices across the globe, are home to over 1,700 researchers and hold more than 3,000 international patent applications to date. In 2020, Arçelik is named the "Industry Leader" in the Household Durables category for the 2nd year in a row in Dow Jones Sustainability Index and, in accordance with PAS 2060 Carbon Neutrality Standard, became carbon-neutral in Scope 1 and 2 in global manufacturing in 2019 and 2020 with its own carbon credits. Through its leadership position in sustainability and credible science-based decarbonization roadmap for achieving net zero, Arçelik became the first and only company from its industry to receive the Terra Carta Seal by HRH Prince of Wales. Arçelik's mission is 'Respecting the World, Respected Worldwide.'
www.arcelikglobal.com/en
Singer Refrigerator Plant and TV & AC Plant in Bangladesh acquired in 2019, Voltbek in India which started production in 2020, and Arçelik-LG A/C joint venture plant in Turkey are excluded from calculations.
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