Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Social Responsibility
• Circular Economy
• Urban Agriculture

Environmental Achievements

• Implemented zero waste management policy, increasing waste recovery ratio.
• Launched 'Agriculture on the Terrace' project, promoting sustainable urban agriculture.
• Achieved BREEAM In-Use certification with an 'Outstanding' rating for building management.

Social Achievements

• Maintained high occupancy rates in store rentals.
• Added 11 new brands to the shopping center.
• Organized various events such as Design Market, Flower Festival, and Open Air Cinema.
• Hosted urban agriculture courses in collaboration with universities.
• Supported local and female producers through market events.
• Implemented employee wellbeing initiatives, resulting in high employee satisfaction scores (as indicated by GPTW survey).

Governance Achievements

• Maintained a Corporate Governance Rating of 9.44.
• Complied with all mandatory corporate governance principles.

Climate Goals & Targets

Environmental Challenges

• Limited working hours and restrictions due to the COVID-19 pandemic in the first half of 2021.
• Decreased consumption appetite due to the pandemic.
• Potential decrease in consumption and increase in producer costs due to increases in producer and consumer prices.

Mitigation Strategies

• Implemented COVID-19 safety measures, obtaining the 'TSE COVID-19 Safe Service Certificate'.
• Implemented cost-saving measures to offset revenue losses.
• Focused on adapting to the 'new normal' and reviving domestic demand.

Supply Chain Management

Responsible Procurement

• Engages companies that comply with domestic and international standards and respect the environment.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Employee well-being
• Environmental sustainability (waste management, energy efficiency, water conservation)
• Community engagement

Environmental Achievements

• Achieved Zero Waste Certificate
• Reduced CO2 emissions by 86% from 2019 to 2023 (from 7103 tons to 1013 tons)
• Switched to 100% renewable energy for electricity consumption (Scope 2) since 2022, resulting in zero CO2 emissions from electricity.
• Reduced energy consumption by 60% in the last 8 years.
• Implemented energy-saving measures such as installing inverters, by-pass systems, replacing old chillers and cooling towers, free-cooling regulation, and LED lighting.
• Implemented a terrace agriculture project to promote biodiversity and reduce carbon footprint.

Social Achievements

• Implemented hybrid working application allowing employees to work remotely for 2 days a week.
• Implemented flexible working hours.
• Included blue-collar employees in the performance management and bonus system.
• Conducted Employee Loyalty Survey with Great Place to Work (GPTW).
• Organized various events and projects for community engagement, including supporting local producers, providing free events for disadvantaged children, and supporting NGOs.

Governance Achievements

• Obtained BREEAM GOOD level certification for Building Management.

Climate Goals & Targets

Environmental Challenges

• Low solar potential in the Marmara region and building shadows hindering the installation of solar panels.

Mitigation Strategies

• Postponed solar panel installation for now, but it remains a future plan.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Working with companies that comply with national and international standards and have environmental awareness.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Solar panel installation

Reporting Standards

Frameworks Used: BREEAM

Certifications: Zero Waste Certificate, I-REC certificate

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed