Climate Change Data

Akiş REIT A.Ş.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:47,613 tCO₂e/year
Scope 1 Emissions:538.99 tCO2e/year
Scope 2 Emissions:0 tCO2e/year
Scope 3 Emissions:35,056.67 tCO2e/year
Renewable Energy Share:100% (common areas)
Waste Generated:3,987.24 tons/year
Carbon Intensity:0.0018 tCO₂ emissions per visitor; 0.0658 tCO₂ emissions per square meter

ESG Focus Areas

  • Climate Change
  • Corporate Governance
  • Employee Well-being
  • Social Responsibility
  • Customer Satisfaction
  • Sustainable Supply Chain

Environmental Achievements

  • Improved CDP Climate Change Program score from "B Management Level" to "A- Leadership Level"
  • 75.27% reduction in Scope 1 emissions and 55.75% reduction in Scope 4 emissions compared to 2022, fully offsetting Scope 2 emissions.
  • Installation of solar power plants with a capacity of 723 kW at Akasya and 820 kW at Akbatı.
  • Reduced single-use plastics and plastic bags in offices to zero by April 2023.

Social Achievements

  • Awarded Great Place to Work Certification.
  • Launched "Empowered Women, Equal Steps" training program for female subcontracted service workers.
  • Implemented "My Companion" project to enhance employee experience.
  • Achieved 60% female employee rate at Akiş REIT and 26% at Akyaşam.

Governance Achievements

  • Increased corporate governance rating from 96.35 to 96.37.
  • Published TCFD Report.
  • Completed first sustainability-related transaction with HSBC Bank.
  • Formalized Akiş REIT Supplier Code of Conduct.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050
Medium-term Goals:
  • Generate all consumed energy from renewable sources
  • Set Science Based Targets (SBTi)
Short-term Goals:
  • Reduce electricity consumption by 38% in Akasya and 32% in Akbatı by 2030 (compared to 2017)
  • Reduce natural gas consumption by 36% in Akasya and 65% in Akbatı by 2030 (compared to 2017)
  • Reduce water consumption by 9% at Akasya and 56% at Akbatı by 2030 (compared to 2017)
  • Switch to electric/hybrid vehicles in all company vehicles
  • Achieve BREEAM Outstanding rating for Akasya and Akbatı by 2030
  • Obtain ISO 9001 certification for Akyaşam

Environmental Challenges

  • Global economic slowdown due to geopolitical tensions, high energy prices, inflation, and tight monetary policies.
  • February 6th earthquake in Turkey.
Mitigation Strategies
  • Implemented energy-saving measures, resulting in significant cost savings.
  • Supported education of young people affected by the earthquake.
  • Organized social solidarity market to support earthquake victims.

Supply Chain Management

Responsible Procurement
  • Akiş REIT Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, TCFD, UNGC

Certifications: ISO 9001, ISO 27001, ISO 45001, ISO 14001, ISO 50001, ISO 10002, I-REC, BREEAM Excellent

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 17 (Partnerships for the Goals)

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Vertical farming in offices

Awards & Recognition

  • Refinitiv Sustainability Platform (Top 10)
  • Sustainable Fitch ESG rating
  • BIST Sustainability Index
  • Great Place to Work Certification
  • Various other awards mentioned in the report