FINANCIAL CAPITALOUR FINANCIAL CAPITAL

INPUT

• PPE & intangible assets: TL 163 bn
• Net debt/EBITDA: 1.4x
• Non-bank CapEx/Sales: 13.5%
• Total Dividends Received: TL 9.4 bn

VALUE ADD

OUR FINANCIAL CAPITAL

OUTPUT

• Combined revenue growth: 6%
• Combined EBITDA growth: -44%
• Holding-only Net Cash Position: TL 12.4 bn

OUTCOME

• NAV growth: 27%
• FX Revenue Share: 20%
• Dividends per Share: TL 3

CONTRIBUTION TO UN SDGs

MANUFACTURED CAPITALTRANSFORMING OUR PORTFOLIO

INPUT

• Existence in 17 Countries and 6 Continents
• Diversified portfolio in non-financial and financial industries

VALUE ADD

TRANSFORMING OUR PORTFOLIO

OUTPUT

• TL 6.5 billion investment deployed in SDG-linked areas in 2024
• 25+ companies with direct investment through Sabancı Ventures
• 1,750 MW total wind power plant investment in energy business

OUTCOME

• Developing of new infrastructure and technological capabilities
• Fostering a culture of innovation by creating an ecosystem
• Strengthening market position by investing in high-growth new economy potential area

CONTRIBUTION TO UN SDGs

HUMAN CAPITAL OUR HUMAN CAPITAL

INPUT

• +60k employment
• Talent programs (i.e. SEED Young Talent Program, The New Generation Career Experience Program)
• Specialized training programs (i.e. X-Teams, X-Posure Graduation Program)
• TL 7.5 thousands training expenditure per FTE

VALUE ADD

OUR HUMAN CAPITAL

OUTPUT

• 44% ratio of women managers
• 33% ratio of women employees in STEM positions
• 1.7 million+ hours of total trainings given to employees
• 85% of unionized blue-collar employees

OUTCOME

• Inclusion in TIME’s “World’s Best Companies 2024” list as the top-ranked Turkish company
• Enhancing the organization's overall skill set and innovation capacity through increasing STEM positions

CONTRIBUTION TO UN SDGs

INTELLECTUAL CAPITAL AREASTRANSFORMING OUR CORE BUSINESS

INPUT

• Boosting Sabancı Group's R&D and innovation for strategic growth
• 8 total R&D Centers, 6 in Türkiye; 2 abroad
• Cross company innovation programs
• Data and digital trainings
• Venture capital investments
• In-house entrepreneurship programs
• Academia partners (i.e. Sabancı University)

VALUE ADD

TRANSFORMING OUR CORE BUSINESS

OUTPUT

• 292 new SDG-linked products and services
• TL 1.1 billion R&D and innovation investments with TL 793 million SDG-linked focus
• TL 416 billion sustainable finance provided

OUTCOME

• TL 83.5 billion SDG-linked products and services revenue
• 14% share of SDG-linked products and services revenue in total non-bank revenue
• Enhancing collaborative ecosystem with worldwide R&D Centers
• Increasing digital literacy and skills of Sabancı Group employees through digital trainings

CONTRIBUTION TO UN SDGs

NATURAL CAPITALOUR NATURE AGENDA

INPUT

• 36 million MWh energy consumption
• 8.9 million m³ water consumption
• TL 6.9 billion environmental investments and expenditures

VALUE ADD

OUR NATURE AGENDA

OUTPUT

• Group-wide collaboration programs on nature
• 15 GHG reduction initiatives
• 15 ESG topics addressed in business development R&D and innovation programs

OUTCOME

• 14% reduction in Scope 1 and 2 GHG emissions compared to 2021
• 8% reduction in water withdrawal in 2024
• 26% ratio of water reused
• High performance in sustainability indices
• Positive environmental impact with 31 thousand MWh energy saving and prevention of 77 thousand tons of CO₂e emissions through SDG-linked investments/activities

CONTRIBUTION TO UN SDGs

SOCIAL AND RELATIONSHIP CAPITALOUR SOCIAL AGENDA

INPUT

• Investment in CSR activities with high social impact
• NGO partnerships (i.e. Sabancı Foundation)
• 61 thousand+ local suppliers and 6 thousand+ foreign suppliers
• 6 global business partners
• Customers in diversified industries

VALUE ADD

OUR SOCIAL AGENDA

OUTPUT

• 1.4+ million people reached through inclusion programs
• 8 Number of Sabancı Technology and Impact Centers
• TL 1.18 billion Sabancı University’s budget for research projects
• 6.8 million people involved in projects supported by Sabancı Foundation grant programs

OUTCOME

• Contributing to social equity by providing opportunities and resources to vulnerable groups
• Encouraging and facilitating employee participation in voluntary activities
• Long-lasting impact on social development and contribution to more intellectual and inclusive society

CONTRIBUTION TO UN SDGs

INPUTS

FINANCIAL
CAPITAL MANUFACTURED
CAPITAL HUMAN
CAPITAL INTELLECTUAL
CAPITAL NATURAL
CAPITAL SOCIAL AND RELATIONSHIP CAPITAL

SABANCI HOLDING VALUE ADD

MEGATRENDS & RISKS OUR MATERIAL ISSUES

 

OUR STRATEGY COMBINES RESILIENCE WITH OPPORTUNITY FOR SUSTAINABLE VALUE CREATION

VALUE PRESERVATION

Achieving operational excellence Attracting and retaining top talent Reducing cost of debt to maximize returns Mitigating transition risks and ensuring resilience

VALUE CREATION

Accessing new markets and assets Leveraging growing incentives Increasing revenues and achieving diversification Capitalizing on growing demand for a sustainable economy Broadening investor reach Generating valuation gains through innovation and investment in climate solutions

 

SUSTAINABILITY DRIVES MAJOR TRANSITION IN KEY AREAS, AS A BASIS OF OUR PORTFOLIO AND INVESTMENT PLAN

MATERIALS TRANSITION MOBILITY TRANSITION ENERGY TRANSITION DIGITAL TRANSITION

 

WE EXECUTE THIS TRANSITION BY EMBEDDING SUSTAINABILITY INTO SIX KEY STRATEGIC PILLARS

Capital Allocation Criteria Business & Operating Model Sustainability Stewardship Governance & Management Systems Human Capital Strategy Strategic Partnerships

 

WE DELIVER SUSTAINABLE IMPACT FOR ALL OUR STAKEHOLDERS

Employees Investors & Shareholders Professional Associations National / International Regulartory Bodies Dealers & Business Partners Local Administrations NGOs Universities Mass Media Public Institutions Suppliers

Read more

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

OUTPUT OUTCOME CONTRIBUTION
TO UN SDGs

2024 Sustainability Indicators at a Glance

OUR NATURE AGENDA

14%Reduction in Scope 1 & 2 emissions in 2021-2024

8%Reduction in total water withdrawal in 2024

42%Interim reduction target in Scope 1 & 2 GHG emissions by 2030

Qualitative and quantitative targets on Circular Economy and Water Management

OUR SOCIAL AGENDA

1.4+ millionPeople reached through inclusion programs in a year⁵

8Number of Sabancı Technology and Impact Centers

6.8 millionPeople involved in projects supported by Sabancı Foundation grant programs⁶

TL 1.18 billionSabancı University's budget for research projects

TRANSFORMING OUR CORE BUSINESS AREAS

71%Ratio of SDG-linked R&D and innovation investments to total R&D investments⁷

1,458Number of SDG-linked products and services

TL 83.5 billionSDG-linked products and services revenue⁸

TL 800 billionSustainable Finance Pledge (2021 - 2030)

TRANSFORMING OUR PORTFOLIO

1,000 MWYEKA-2 wind project, one of Europe’s largest, is set for completion by 2026

504 MWSabancı Climate Technologies' footprint in the US renewable energy market

75%Zero carbon energy generation capacity by 2030¹³

USD 5 billionSDG-linked investments between 2022-2027

OUR HUMAN CAPITAL

44%Ratio of women managers

1Female-to-male pay ratio⁹

TL 408 millionTraining expenditures in 2024¹⁰

85%Unionization rate of blue-collar employees¹¹

OUR GOVERNANCE

44%Ratio of women in the Board of Directors¹²

Good sustainability governance practices recognized through EFQM’s Six Diamonds.

Up to 10%Share of ESG in Executive Management performance goals

ESG integrationIn the Capital Allocation Framework

⁵ Inclusion programs refer to the community investment programs developed by the group companies. The number of vulnerable groups reached through these programs was followed by the breakdown of citizens over the age of 65, youth, children and socio-economically disadvantaged groups. Akbank, Agesa, Aksigorta, Brisa, Carrefoursa, Çimsa, Enerjisa Üretim, Enerjisa Enerji, Kordsa, Temsa and Teknosa are included. ⁶ The figure represents the cumulative value for over 18 years. ⁷ Agesa, Aksigorta, Akçansa, Brisa, Carrefoursa, Çimsa, Kordsa, Teknosa, Temsa, Enerjisa Enerji, Enerjisa Üretim, and SabancıDx are included. ⁸ Akbank and SBS BV are not included. ⁹ This refers to the principle of equal pay for equal work ¹⁰ Akbank is not included. ¹¹ Decreased due to the expanded reporting boundaries including global activities. ¹² As of December 31, 2024, the percentage of women representation on the Board of Directors. ¹³ Installed Capacity

For detailed information on Preserving and Creating Value, Aligning Financial Success with Long-Term Value Creation, please download Our Value Creation Section.

Driving Sustainability from Targets to Impact

WE IMPLEMENT PIONEERING AND EXEMPLARY PRACTICES TO ACHIEVE OUR SUSTAINABILITY GOALS.

Targets²

Decarbonization¹

2021

2022

2023

2024

2030

2050

GHG emissions (Scope 1+2, Mt)

11.20

9.95

8.94

9.68

6.49

Net Zero

GHG emissions (Scope 3, Mt)

11.59

10.29

9.37

10.07

6.72

Net Zero

Renewables

Renewable Electricity Usage

-

27%

54%

59%

≥80%

-

CO₂-free energy generation³

43.7%

45.5%

46%

52%

75%

100%

Circularity

Circularity KPIs to be published 2025 onwards⁵

Total waste (thousand tons)⁴

42.76

52.45

55.28

72.68

Achieving circular inflow targets

Achieving circular design and outflow targets

Total recycled/reused⁴

80%

78%

94%

57%

Water⁶

Target⁷

Water consumption (million m³)

10.3

9.8

8.9

15% reduction

Water withdrawal (million m³)

422

345.5

316.7

10% reduction

¹Sabancı Holding’s GHG emissions have been calculated by using the equity share approach in accordance with the Greenhouse Gas Protocol. Accordingly, Sabancı Holding accounts for GHG emissions from operations according to its share of equity in the operation. ²Base year 2021. ³Installed capacity. ⁴Excluding Enerjisa Üretim’s ash waste. ⁵Detailed roadmap will be provided in the 2025 Sustainability Report. ⁶Following the completion of our Water Ambition Project in 2023, we have restated the water consumption and withdrawal figures for 2022 and 2023 due to the change in scope, which now includes all operations globally. Based on 2022 baseline year, we have set a target to reduce water withdrawal by 10% and water consumption by 15% by 2030. ⁷Based on 2024 portfolio. The 2024 portfolio refers to the operations of Sabancı Group companies as of the end of 2024. It excludes any future organic growth not planned during 2024, as well as inorganic growth anticipated from 2025 onwards, since these factors would require recalculating baselines and targets. The target reflects how Sabancı Group companies are proactively driving efficiency within their operations.

Science-Based Targets, Backed by Strategic Capital Allocation

• Sabancı Holding is the first holding company in Türkiye to announce not only Net Zero Emissions target by 2050 but also a 15% reduction in Scope 1 & 2 GHG emissions by 2025 and a 42% reduction by 2030 versus 2021 baseline without using carbon offsets.
• We are the first holding company to embed sustainability criteria into our capital allocation criteria.
• Sabancı Holding’s climate target is in parallel with the 1.5°C pathway of the globally recognized Science Based Targets initiative (SBTi).
• Our Group companies Brisa, Çimsa, Kordsa, and Temsa have officially set their science-based targets aligned with the SBTi’s 1.5°C scenario, while Aksigorta, Agesa, and Teknosa have formally committed to the SBTi and are currently in the approval process.

OUR RESPONSIBLE INVESTMENT STRATEGY INTERSECTS WITH BOTH OUR NATURE AND SOCIAL AGENDAS.

Sustainability Finance

2021

2022

2023

2024

2030 Targets

Sustainable Finance Pledge (TL, %)*

13.5%

30%

113%

52%

Exceeded TL 200 bn target in 2023 and raised Sustainable Finance Pledge to TL 800 bn

Responsible Investment

2025-2027 Targets

Ratio of SDG-linked R&D and innovation investments

52%

53%

50%

71%

≥70%**

USD 5 billion SDG-linked Investment pledge****

-

10%

24%

28%

100%***

* Akbank exceeded its TL 200 bn target in 2023 with TL 226 bn and raised its target to TL 800 bn. Figures are per non-consolidated management reporting data and include green (e.g., renewable energy, clean transportation) and social (e.g., access to basic services, women-owned SMEs) loans aligned with the Sustainable Finance Framework, as well as Eurobonds and syndication acquisitions of the Sustainable and Social Eurobond ESG type.
** Target is planned to be completed as of 2025.
*** The target is planned to be completed as of 2027.
**** Figures are presented cumulatively.

We are the first holding company to issue a Responsible Investment Policy.

Alignment to the UN SDGs serves as a guiding principle in our strategic decision-making processes, ensuring that every initiative we undertake contributes positively to the advancement of the SDGs. This approach not only drives financial performance but also generates positive impact for the communities we serve.

By 2027, our cumulative SDG-linked investments will reach USD 5 billion.

In 2024, 71% of Sabancı Group’s overall R&D and innovation investments were allocated to areas that serve SDGs. Sabancı Renewables, has substantially expanded its operations, scaling to 504 MW through the development of renewable energy projects.

Sabancı Group operates Türkiye’s largest electric vehicle high speed charging station network.

As a member of the Net-Zero Banking Alliance, Akbank aims to become a Net Zero Bank by 2050. In 2024, Akbank provided TL 190 billion in sustainable financing, bringing its cumulative contribution to TL 416 billion since 2021.

Akbank targets to reach TL 800 billion in sustainable financing by 2030.

Mannok acquisition marks the largest overseas expansion in our Group’s recent history. Çimsa acquired 94.7% of Mannok Holdings DAC, an Ireland-based company and a leading player in its sector within Europe and the UK.

Pioneering Sustainable Finance in Türkiye
In 2024, Enerjisa Üretim secured USD 1 billion project finance loan for 750 MW of its YEKA RES-2 project in line with the IFC Performance Standards, demonstrating its strong alignment with international environmental and social risk management frameworks.

In 2024, Brisa secured a USD 100 million sustainability-linked loan from EBRD, earning the “IFI Loan Deal of the Year” award and reinforcing its leadership in sustainable growth.

Çimsa secured EUR 25 million in financing from the EBRD and USD 70 million from the IFC. These agreements marked a first for Türkiye’s cement industry and positioned Çimsa as a pioneer in green finance for the sector.

WE KEEP DIVERSITY, EQUITY AND INCLUSION AT THE CORE OF OUR SOCIAL AGENDA.

Targets

2021

2022

2023

2024

2030

Women leaders at Holding

40%

41%

41%

44%

50%

Ratio of women in STEM positions

33%

33%

34%

33%

50%

Ratio of women managers in revenue generating positions

43%

44%

46%

45%

50%

Sabancı Group’s Social Agenda highlights our keen commitment to making a significant, measurable impact on society.

In 2024, 50% of newly appointed CEOs across our Group were women. All Group companies have women Board Member at their Board of Directors.

In 2024, we launched the Sabancı Youth Mobilization establishing a new social enterprise model across Türkiye. With the goal of “transforming brain drain into brain power,” Sabancı Youth Mobilization will expand to university campuses across Türkiye through Sabancı Technology and Impact Centers.

In 2024, a total of eight centers were established, including seven Technology and Impact Centers across five different cities and the digital hub, hosted at sabancigenclikseferberligi.com.

Looking forward, we aim to reach 30,000 young people by 2026, scaling our presence to 34 provinces, 35 universities, and two international centers.

Sabancı Youth Campaign was awarded the Silver Prize in the ‘Best Corporate Social Responsibility / ESG’ category at the Davos Communications Awards.

Sabancı Holding was recognized with the ‘Best ESG Program’ award in the Extel Developed Europe and Emerging EMEA Executive Team survey, based on evaluations by investment professionals.

Sabancı Holding has been awarded with six diamonds by EFQM and won special award of Outstanding Achievement for Sustainability.

Our ESG Ratings and Index Performance

Disclamer: The use by Sabancı Holding of any MCSI ESG research LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Sabancı Holding 3 by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Note: The rankings are based upon the assessment of Sabancı Holding’s peer analysis conducted among the Investor Relations Peer Group.

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