Beko Parent Company Arçelik Tops S&P Global Corporate Sustainability Assessment
December 8, 2023
Arçelik A.Ş., the global leading consumer durables and electronics manufacturer, scored 86/100 (Score date: 27/10/23) in the 2023 S&P Global Corporate Sustainability Assessment (CSA), which evaluates the world’s largest companies and assesses their sustainability performance and environmental, social, and governance (ESG) efforts.
Arçelik is the parent company of Beko U.S. Inc., the Bolingbrook, Ill.-based American subsidiary of the global household appliances company.
Arçelik achieved the highest score out of 46 companies assessed in the DHP Household Durables Industry. This announcement highlights Arçelik’s continuous commitment to a sustainable future and places the company once again 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 three key areas — 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 take a more ambitious step and update its near-term approved science-based targets and set a long-term target according to the 1.5-degree scenario.
These net-zero targets will lead Arçelik to reduce its global Scope 1- 2 and Scope 3 emissions by 90% by 2050, using 2022 base year. This will be realized through innovative actions across its entire value chain. 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.
“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,” said Arçelik CEO Hakan Bulgurlu. “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.”
With its impressive ESG score and ongoing commitment to sustainability, Arçelik continues to inspire other companies to prioritize environmental responsibility, social impact and good governance practices. By setting high standards and leading by example, Arçelik is making a significant contribution towards building a more sustainable future for all.
Photo credit: Beko Home Appliances US
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