Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Sustainability

Social Achievements

• Merger of Net Holding and Net Turizm, expected to improve efficiency, transparency, and sustainability.

Governance Achievements

• Regulatory approval for the Net Holding and Net Turizm merger.
• Website renewal to improve user-friendliness and transparency.
• Establishment of a Corporate Governance Practices section on the website.

Climate Goals & Targets

Environmental Challenges

• Increase in financing expenses due to foreign exchange losses.
• Increase in cost of sales due to investments in new casino openings.
• High operating expenses and seasonality of earnings inherent in the tourism and casino gaming sectors.
• Weakness of the Turkish and TRNC tourism market due to geopolitical risks.
• International isolation of the TRNC restricting international visitor numbers.
• Expected increase in competition from the Republic of Cyprus in the long term.

Mitigation Strategies

• Regional expansion strategy to diversify EBITDA and reduce geographical concentration risk.
• Restructuring of Merit Turizm Yatırım and consolidation of hotel and casino revenues.
• Eurobond issuance to diversify resource composition.
• Efforts to improve efficiency, balance sheet strength, and corporate governance practices through the merger of Net Holding and Net Turizm.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Turkish Accounting Standards in conformity with International Financial Reporting Standards

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CMB Reporting Standards, 2022 IFRS Taxonomy, 2024 IFRS Taxonomy

Third-party Assurance: PKF Aday Bağımsız Denetim A.Ş.