Kibar Holding Continues To Make Investments In Line With Its Sustainable Development And Zero Emission Targets

September 2021

Kibar Holding continues to grow steadily, add value to the economy, and create employment opportunities in line with sustainability principles. Having signed the United Nations Global Compact, Kibar Holding stands out with its efforts to protect the environment and ensure sustainability.

As the world population is increasing day by day, natural resources remain limited. The transition from a linear to a circular economy is becoming more and more important for the welfare of the world’s population and environmental sustainability. As one of Turkey’s leading manufacturing groups, Kibar Holding adopts a financially, environmentally, and socially sustainable system in all its business processes, as required by the circular economy for the preservation of natural resources for future generations. Implemented in this context, the “Kibar Group 2025 Sustainability Strategy” guides the Group in contributing to the achievement of the United Nations Agenda 2030.

Having an important place in the Turkish economy with its companies operating in the fields of industry, trade, and service, Kibar Holding continues to add value to the economy and environment in line with its approach to sustainability, shaped by the United Nations Global Compact (UNGC), which it signed. As its subsidiaries carry out their activities in line with their zero emission target, Kibar Holding won the “Environment Award” at the Şahabettin Bilgisu Environmental Awards, held by the Kocaeli Chamber of Industry, for its efforts in this field.

Haluk Kayabaşı, CEO of Kibar Holding, stated that as Kibar Group, they have adopted the concept of sustainable development and aligned their business strategy, which is based on a low-carbon circular economy, with the European Green Deal. Haluk Kayabaşı stressed that the integration of the concept of sustainability into corporate management facilitates the alignment with the transition to green economy and brings new investment and employment opportunities.

Kayabaşı stated, “The transition to a carbon-neutral circular economy is not only an energy transition made to achieve climate goals. It requires a radical change in people’s lifestyles, the characteristics of societies, production and manufacturing methods, investment decisions, and financial instruments.” He underlined the importance of strategies for technological development and innovation, as well as energy and environmental policies.

70 PERCENT OF THE ENERGY WE USE COMES FROM RENEWABLE RESOURCES

Stating that they were working with great determination towards their zero emission target, CEO Haluk Kayabaşı said, “We believe that the preparation for green transition and the process of alignment in Europe, one of our main trading partners, is a great opportunity for sustainable development. We continue our activities in line with this belief. We are investing heavily in renewable energy generation and energy efficiency and implementing important projects in this field. Thanks to our investments in renewable energy sources, up to 70 percent of the energy we have used in the past five years came from renewable sources. We have implemented nearly 100 energy efficiency projects in the past five years in order to use energy in the most efficient way in all our fields of activity. In 2020, we reduced our energy intensity per product by 11.4% compared to the previous year.

WILDFIRES DAMAGED THE ECOSYSTEM

Kayabaşı noted that climate change has been affecting us more and more each day and leading to devastating socio-economic and environmental consequences. He stressed that the wildfires that our country fought last year did not only burn trees, but also damaged the ecosystem. He said, “There is only one planet on which we can live. Every step taken or to be taken for the fight against climate change, efficient use of natural resources, and support for the circular economy will be an opportunity for the future of Earth.” Kayabaşı stated that they continue to support the maintenance and conservation of Asım Kibar Sevgi Forest, which they created in Istanbul in 1995. He added that they have planted more than 6,500 trees in the past two years and that they donated 3 saplings on behalf of each employee in August.

THE 2025 SUSTAINABILITY STRATEGY GUIDES US

Kibar Group developed its “2025 Sustainability Strategy” considering the United Nations Sustainable Development Goals and targets. The “40 Targets” set by the Group within the framework of “6 Sustainability Principles” and “13 Sustainability Priorities” are measured with “99 Performance Indicators,” and the progress made towards their achievement is announced to the public transparently. Circular economy and the fight against climate change are among the main topics of the 2025 Sustainability Strategy, in which strategies for sustainable development and the mitigation of the negative effects of climate change stand out.

WE FOCUS ON ENVIRONMENTAL BENEFIT WHEN MAKING INVESTMENTS

Haluk Kayabaşı, CEO of Kibar Holding, noted that they measured their success by the benefit they provide to people, the society, the environment, our country, and the world. He added, “We implement our investment plans by focusing on projects that provide environmental and social benefits. We continue to add value to the society with social responsibility projects that especially focus on education and children. We use natural resources efficiently, increase reuse with effective waste management, and choose eco-friendly disposal methods. We strive to turn potential threats posed by environmental problems into opportunities by developing eco-friendly technologies and products. We adopt a production model based on circular economy, R&D, and innovation. We aim to achieve the highest level of product quality and customer satisfaction and consider technological development and innovation as the cornerstones of sustainable growth.”

INTERAKTIF CEVRE IS CARRYING OUT EXEMPLARY ACTIVITIES FOR CIRCULAR ECONOMY

Interaktif Cevre, one of Kibar Holding’s subsidiaries, strives to transform waste into value by providing comprehensive waste consultancy to industrial plants. As the environmental solution partner of companies in the fields of industry and service, Interaktif Cevre assesses all stages from production to the last step of waste management in the plants it serves, in order to manage waste as value and ensure the efficient use of resources. Using its technical know-how to recycle the waste produced at the plants and reuse it in alternative areas in line with the “zero waste” principle, instead of disposing of it, Interaktif Cevre develops projects for industrial plants and conducts field operations to ensure the effective management and proper sorting of waste in the field and to transform waste into different valuable materials, such as by-products or alternative raw materials. Kibar Holding won the Environment Award for the project implemented by Interaktif Cevre with Ispak Ambalaj, one of the subsidiaries of Kibar Group. The project ensured the sorting of mixed non-hazardous production-related waste into different categories and its baling with a barcode system. Thus, all the waste, which has been sorted and could be tracked in an integrated manner with the use of barcodes, was sent for recycling, reducing the amount of non-hazardous waste disposed of by more than 50 percent. The Kocaeli Chamber of Industry granted the Şehabettin Bilgisu Environment Award to this project in 2021.

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