Climate Change Data

ÖZAK GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental Sustainability
  • New Urbanism

Environmental Achievements

  • Bulvar 216 project received LEED Silver Certification.
  • 34 Portall Plaza incorporates features like rainwater drainage, renewable energy infrastructure, and energy-efficient lighting.
  • Büyükyalı project emphasizes sustainability with natural materials, tree cultivation, and solar panels.

Social Achievements

  • Büyükyalı project focuses on community building and a 'good life' concept.
  • Fişekhane, part of Büyükyalı, became a cultural and tourist hub.
  • Ela Excellence Resort Hotel renovation improved service quality and sustainability practices.

Governance Achievements

  • Company complies with Corporate Governance Principles.
  • Active risk management and strong financial structure.
  • Two of the seven Board members are women.

Climate Goals & Targets

Long-term Goals:
  • Double growth by 2023
  • Further growth in subsequent years
Medium-term Goals:
  • Achieve US$ 1 billion in net total asset value.
  • Develop tourism projects in Bodrum, Didim, and Demre.
  • Develop a mixed-use project on the Balmumcu plot.
  • Develop real estate projects in foreign markets.
Short-term Goals:
  • Increase net total asset value to TL 11 billion by year-end 2022.
  • Smoothly conduct production, sales, and delivery operations for the Büyükyalı Project.
  • Conduct sales and delivery operations at Göktürk 1 and Göktürk 2 projects.
  • Increase rental income to over TL 300 million.

Environmental Challenges

  • Global supply chain disruptions and increasing inflation.
  • Increased construction costs.
  • COVID-19 pandemic impact on operations.
Mitigation Strategies
  • Flexible portfolio management to adapt to changing conditions.
  • Active risk management strategies.
  • Strong supply chain and subcontractor management.
  • COVID-19 measures implemented in projects and hotels.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • Leader of Real Estate Investment Hike in 2019
  • LEED Silver Certification (Bulvar 216)
  • European Property Awards (Bulvar 216)
  • Sign of the City Awards (Bulvar 216)
  • Altın Örümcek (Golden Spider) Web Awards (Bulvar 216)
  • TripAdvisor Travelers’ Choice 2020 (Ela Excellence Resort)
  • Excellence Management Awards 2019 (Ela Excellence Resort)