Climate Change Data

Environmental Metrics

ESG Focus Areas

• Growing in the Sector with a Sustainability Focus
• Facilitating a People-Oriented Working Environment
• Acting with a Sense of Environmental and Social Responsibility

Environmental Achievements

• Emission reduction of 941,712 tCO2e, equivalent to approximately 30 million decares of red pine forest area
• 97.1% availability rate at wind power plants
• Approximately 46 MWh of energy saving and 30 tCO2e carbon emission reduction

Social Achievements

• Support to 78% local employment with regional projects
• Total resource of 9 million TL allocated within the scope of corporate social responsibility projects
• 47% female employee ratio in the Headquarters
• 50% female employee ratio at the senior management
• Zero occupational accident goal reached in subsidiaries of Fiba Renewable Energy
• A total of 6,710 hours of trainings provided to employees on 52 different subjects

Governance Achievements

• Long-Term National Rating upgraded to A- (tr) within the scope of high credit category of JCR Eurasia Rating’s investment level category
• Leadership (A-) level rating in the first year of participation in the CDP Supplier Relations Rating program
• 100% critical supplier ESG evaluation rate

Climate Goals & Targets

Environmental Challenges

• Fluctuations in production due to uncertainties in wind regime and sunshine duration
• Risks arising from loss of qualified employees and difficulties faced in talent acquisition and retention of talents
• Lack of an efficient personnel performance evaluation system
• Risks that may be exposed to access to finance due to changing economic conditions
• Risks of adaptation to the rapid growth trend in the renewable energy sector in line with national and international developments, legislation and strategies
• Risks of insufficient risk awareness within the organisation
• Risk of losses, injuries and illnesses or various factors caused by hazards that may be encountered in the workplace
• Risk of mistrust among stakeholders and exposure to legal sanctions due to legal disputes, uncertainty about fulfilment of obligations, misinterpretation of regulations or failure of personnel to fulfil these obligations on time
• Behaviours of employees or persons in the management of the company that are contrary to company policies and ethical values
• Product price increases that may cause destabilisation in the supply chain of the enterprise due to import restrictions
• Disruption of business operations in the event of suppliers going bankrupt or offering undesirable products, any natural disasters, disruptions in digital processes, failure of equipment to stop work
• Disruption of production processes due to quality problems of turbine parts caused by supplier management, disruptions in logistics, customs-related disruptions, currency fluctuations, etc.
• Inequalities in access to, use of and advantages arising from the use of Information and Communication Technologies (ICTs) and risks arising from digital power concentration
• Increasing complexity in the protection of data and information systems, occurrence of risks arising from data security breaches that may occur as a result of cyber attacks
• Falling behind new competitor companies or developments and innovations in the sectoral competitive environment and falling behind the competitors as an organisation
• Reputational damage that may occur in cases where risk awareness is not sufficiently established within the organisation and management and audit processes are inadequate, incomplete or faulty
• Risks arising from changes in national and international legislation
• Disruption of operations due to extreme weather events such as fire, drought, flood, hail or global warming
• Pollution and depletion of natural resources due to climate crisis, population growth, overconsumption, overuse, environmental pollution and deforestation, making access to natural resources risky
• Environmental pollution caused by waste and wastewater arising from our operations
• Reputational risk arising from possible negative impact on biodiversity due to operations of existing power plants and new investment projects
• Damage to species and reduction of biodiversity due to operations of existing power plants and new investment projects
• Risk of mistrust among stakeholders and exposure to legal sanctions due to legal disputes, uncertainty about fulfilment of obligations, misinterpretation of regulations or failure of personnel to fulfil these obligations on time
• Risk of insufficient risk awareness within the organisation
• The risk of losses, injuries and illnesses or various factors caused by hazards that may be encountered in the workplace
• Delay in any emergency due to the location of the power plants
• Negative company image through activist activities, risk of preventing business continuity
• Failure to fully comply with equality, diversity and inclusion issues
• Risk of negative company image and hindrance of business continuity through activist activities

Mitigation Strategies

• Developing hybrid power plant projects
• Implementing a Flexible Benefits System
• Conducting regular risk workshops
• Strengthening financial sustainability principles and adopting a sustainable finance approach
• Prioritizing working with creditors who are pioneers or followers of international standards in terms of ESG principles
• Developing corporate social responsibility projects through relevant NGOs collaborations to support the education of children, particularly in the earthquake region.
• Holding training on Ethical Principles and Anti-Corruption covering all employees
• Conducting Corporate Risk Management training at the management level
• Carrying out energy efficiency efforts
• Fulfilling sustainable financing requirements and carrying out environmental and social monitoring studies regarding hybrid projects that will contribute to energy efficiency and optimization
• Continuing the collaborations with CEEE (Center for Energy, Environment and Economy)
• Collaborating on projects that will contribute to stakeholders in order to raise awareness about biodiversity
• Ensuring business continuity in corporate risk management approach
• Increasing the security of the power plant sites and their surroundings
• Ensuring that security forces are informed about issues identified as part of our security processes
• Maintaining our relations with local authorities and institutions / organizations against events that are not caused by our operations but may affect the region; and support the interventions (forest fire, earthquake, etc.)
• Conducting a Climate Change Risk Assessment study in new investment projects
• Issuing insurance policies for power plants, and securing the events arising from possible disasters through the relevant policy
• Implementing a “Plastic-Free Office” practice
• Creating biodiversity management plans
• Implementing a “Turbine Temporary Shutdown Protocol”
• Conducting regular training sessions on “Wildlife and Biodiversity”
• Carrying out environmental and social impact assessment studies during the project development phase
• Organizing public participation meetings
• Obtaining the permits required by national and international legislation
• Continuing the interaction practices with stakeholders that we started during the project period throughout the operation period
• Running a feedback mechanism by allocating transparent and reliable communication channels
• Conducting stakeholder surveys
• Increasing the number of social responsibility projects to be carried out with NGOs and developing projects aiming at stakeholder acquisition
• Complying with the payment terms so that our credit rating does not decrease
• Closely following the activities carried out in the field of ESG and determining strategic ways towards the sustainability goals established within the company
• Monitoring the compliance with both local legislation provisions and the requirements of international environmental and social performance standards
• Identifying risks and opportunities that may arise by performing corporate risk and SWOT analyses, and taking action
• Following capacity increase and new project development opportunities at home and abroad in terms of compliance with competitive conditions as well as installed capacity increase and portfolio growth
• Regularly reviewing risks within the Board of Directors, Sustainability Committee and Working Groups
• Establishing risk management processes within the framework of our Corporate Policies and Committee and Working Group procedures
• Closely following the changes that may occur in the legislative regulations and taking precautions by anticipating the risks that may arise for the organization
• Constantly following innovations and strengthening infrastructure with investments in the digital field
• Taking an active role in the Information Security Committee, carrying out various projects to identify and eliminate security vulnerabilities
• Performing data loss and leak tests within the scope of information processing infrastructure
• Providing PDPL, Information Security Awareness and Cyber Attack Awareness training to employees
• Carrying out awareness-raising activities for all employees in order to develop a risk culture within the organization
• Creating feedback mechanisms to identify risks and improvement opportunities, and constantly evaluating the feedback collected from employees
• Strengthening the occupational health and safety awareness of employees with OHS Trainings, OHS Awards and Incentive Programs
• Maintaining occupational health and safety in all operations in accordance with ISO 45001 and international standards / good practice examples
• Reviewing OHS and environmental risk analyses every 2 years with risk workshops
• Determining the times required for access during the drills and taking them into consideration in our emergency action plan
• Conducting environmental and social impact assessment studies during the project development phase
• Obtaining relevant compliance permits from institutions
• Taking steps to ensure good management of relations with stakeholders in the power plant region (public information meetings, reeve, associations, individuals, etc.)
• Working to fulfill the commitments made to stakeholders in projects and facilities

Supply Chain Management

Supplier Audits: 100% of critical suppliers

Responsible Procurement

• ESG surveys and supplier performance evaluation practice
• Integration of indirect emissions from suppliers into corporate carbon footprint inventory
• Compliance with legal obligations, human rights criteria, environmental, sustainability, occupational health and safety and business ethics criteria

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Fire
• Drought
• Flood
• Hail
• Global warming
• Interruptions and variations in energy production due to the dependence of energy production on wind and solar energy

Transition Risks

• Risks of adaptation to the rapid growth trend in the renewable energy sector
• Risks that may be incurred regarding access to finance due to changing economic conditions
• Risks arising from changes in national and international legislation
• Reputation risks due to possible negative impact on biodiversity

Opportunities

• Reduction of operational costs through energy saving and emission reduction efforts
• Access to climate change-related financing sources
• Generation of income for the company with carbon credits
• Access to financing in new investment projects, suitable loan interest rate opportunities
• Increasing demand/trend for renewable energy by consumers

Reporting Standards

Frameworks Used: GRI Standards, Türkiye Sustainability Reporting Standard (TSRS), Integrated Reporting Framework, United Nations Global Compact (UNGC), United Nations Women’s Empowerment Principles (WEPs), Task Force on Climate-Related Financial Disclosures (TCFD), International Sustainability Standards Board (ISSB)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, Zero Waste Certificates (all wind power plants)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)
• Goal 4 (Quality education)
• Goal 15 (Life on land)
• Goal 17 (Partnerships for the goals)

Initiatives contribute to these goals through renewable energy production, emission reduction, biodiversity conservation, education support, and collaborations with NGOs.

Sustainable Products & Innovation

• Hybrid power plants

Awards & Recognition

• Bronze award in Biodiversity category at 14th Corporate Responsibility Summit
• Bronze award at Brandverse Awards for biodiversity conservation efforts
• Distinction award at 66th BSC International Safety Awards