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  3. Green Transformation Action Plan

Green Transformation Action Plan

Green Transformation Action Plan

Kibar Group strives to move beyond merely adapting to the new green economic transformation at the heart of the energy transition, aiming instead to take a leading role in transforming the sectors in which it operates. To this end, the Kibar Group Green Transformation Action Plan has been developed for the 2025-2035 period. This Action Plan is an integral part of the “Kibar Group Sustainability Strategy (2025-2030)”.

Green Transformation Action Plan has been designed in a participatory and innovative structure that takes global trends and current dynamics into account, reflects future expectations from multiple perspectives and stakeholders, sets ambitious yet achievable goals, and aligns fully with Kibar Group's policies and strategies.

International agreements, the European Green Deal, policy and strategy documents, action plans prepared within this framework, as well as relevant legislative efforts, high-level policy documents, national strategies, and action plans and internationally recognized sustainability standards have all shaped the foundation of Group’s strategy for transitioning to a new economic growth model. Together, these elements define the framework of the "Kibar Group Green Transformation Action Plan".

To achieve the objectives of 'Net Zero Emissions by 2050,' 'Transition to a Circular Economy,' 'Access to Sustainable Finance,' 'Sustainable Management of Human Resources,' 'Sustainable Supply Chain Management,' and 'Development of Corporate Capacity' within the Action Plan, 14 goals and 93 actions have been established. The coordinators and relevant units responsible for the implementation of these actions, along with a timeline for their completion, have been defined.

1Goal

Net Zero Emissions By 2050

Achieving net zero emissions by 2050 is one of the most critical steps in limiting global temperature rise and addressing the climate crisis. This goal not only requires the sustainable management of natural resources and the mitigation of climate-related risks but also acts as a driver of broader transformation. As is well known, Europe has introduced the Carbon Border Adjustment Mechanism (CBAM), prioritizing certain sectors to reduce the risk of carbon leakage. This mechanism requires the transformation of production processes and accelerates the transition to low-carbon business models.

To achieve the goal of "Net Zero Emissions by 2050", four targets have been defined.

These are to measure, monitor, and verify greenhouse gas emissions; to reduce greenhouse gas emissions; to comply with current and future carbon regulations; and to seize opportunities in the decarbonization process. A total of 34 actions have been identified to meet these targets. These include: systematically calculating, verifying, and tracking Scope 1, 2, and 3 emissions from facilities and offices across all operating regions on a digital platform (monthly/annually); systematically calculating and verifying the carbon footprint by customer and product; reducing emissions; neutralizing electricity-related emissions; modernizing production processes; implementing electrification projects; creating a sustainable supplier portfolio; developing green transportation strategies; designing sustainable new products; ensuring full compliance with the Carbon Border Adjustment Mechanism; and organizing information and training activities for employees and suppliers.

2Goal

Transition to a Circular Economy

To achieve the objective of "Transition to a Circular Economy", the goal of "increasing the sustainability of the product life cycle" has been established. Eight actions have been identified toward this goal, including conducting Life Cycle Assessment (LCA) studies on a product-by-product basis, ensuring the efficient use of natural resources, and building the necessary digitalization infrastructure.

To achieve the objective of "Transition to a Circular Economy", the goal of "increasing the sustainability of the product life cycle" has been established.

The circular economy, whose primary aim is to ensure the efficient use of natural resources, minimize waste generation, and extend the life cycle of products, requires a fundamental shift in current production and consumption habits. This model seeks to design products in ways that extend their life cycle, reduce waste generation, and return them to the economy as resources when they reach the end-of-life stage. The circular economy is one of the most important tools for achieving the net-zero emissions target. Through its legal regulations, the EU is moving circularity beyond the principle of voluntariness and establishing it as a requirement for entry into the EU market. The Sustainable Product Initiative sets the framework for new measures such as eco-design rules and digital product passports.

3Goal

Access to Sustainable Finance

"Sustainable finance", which is crucial for meeting international commitments under the Paris Climate Agreement and the European Green Deal, refers to the integration of environmental, social and governance (ESG) considerations, as well as the risks associated with them, into investment decision-making, along with strategies for mitigating these risks. The effective use of sustainable finance opportunities and the strengthening of institutional capacity provide a significant competitive advantage in today's business environment. Importantly, sustainable finance is not only about financing the transition but also about transforming the financial system itself.

To achieve the objective of “Access to Sustainable Finance” Thirteen targets have been defined.

These are to strengthen corporate capacity to gain a competitive advantage in accessing sustainable finance and to effectively utilize existing sustainable finance opportunities.

To reach these targets, 13 actions are essential. These include alignment with the EU Taxonomy, mitigation of environmental, social, and governance risks, full compliance with the European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability Reporting Directive (CSRD), and the effective use of financing opportunities to support green transition goals.

4Goal

Sustainable Management of Human Resources

Green transformation can only be achieved through the transformation of corporate culture and work practices. Sustainable human resources management plays a critical role in ensuring the long-term success of companies. A workforce equipped with green skills enhances competitiveness while facilitating compliance with the legal regulations and standards that are becoming increasingly important every day.

Two objectives have been set to achieve the goal of "Sustainable Human Resource Management", which is central to the green transformation.

These are to prepare the workforce for green transformation and to strengthen brand value through sustainability practices. A total of seven actions have been defined to achieve these objectives. These include developing talent programs for the new skills required by green transformation, creating innovative practice and delivering training through e-learning and AI-supported digital platforms.

5Goal

Sustainable Supply Chain Management

Companies striving for sustainable leadership should not only focus on their internal operations but also evaluate their supply chains with a responsible approach. Supplier selection plays a strategic role in meeting sustainability goals. Supplier performance is essential for achieving net-zero emissions targets and complying with circular economy principles. The European Commission is tightening regulations to ensure that companies assume greater responsibility for their supply chains.

Collaborating with suppliers that adopt high sustainability standards will provide competitive advantages in the medium and long term. four targets have been defined.

These are to create a sustainable supplier portfolio and to encourae suppliers to adopt sustainability practices.

To achieve these targets, actions include: supporting the improvement of suppliers' ESG performance within the K-Star Supplier Sustainability Program ecosystem, encouraging compliance with the Kibar Holding Ethics Document, establishing infrastructure for classifying and reporting supplier activities in line with the EU Taxonomy and its technical screening criteria, and organizing regular sustainability training for suppliers.

6Goal

Developing Corporate Capacity

Green transformation requires companies to redesign their corporate structures around sustainability. Developing corporate capacity is critical both for improving existing processes and for managing future uncertainties. Companies that comply with international sustainability standards and engage their employees as active partners in the transformation process will sustain stable growth, gain a competitive advantage, and strengthen their brand reputation. Changing global dynamics further highlight the importance of building strong corporate capacity.

Within the Green Transformation Action Plan, three targets have been defined to achieve the objective of 'Development of Institutional Capacity.

Green transformation requires companies to redesign their institutional structures around the axis of sustainability. The development of institutional capacity plays a critical role both in improving current processes and in managing future uncertainties. Companies that align with international sustainability standards and successfully engage their employees as active stakeholders in this process will be able to sustain stable growth, gain a competitive advantage, and strengthen their brand reputation. The changing global dynamics encourage the building of a robust institutional capacity.