İZMİR DEMİR ÇELİK SANAYİ A.Ş. AND ITS SUBSIDIARIES
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic.
- High financing costs due to a net foreign currency position deficit and increased exchange rates.
Mitigation Strategies
- Group management took necessary actions to minimize the impact of COVID-19.
- Application to the Capital Markets Board to increase paid-in capital to TL 1.5 billion to address financial liabilities. Received TL 683,443,161 as a capital advance.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Turkish Financial Reporting Standards (TFRS)
Third-party Assurance: Güney Bağımsız Denetim ve SMMM A.Ş. (A member firm of Ernst & Young Limited)