Corporate Governance

Duties and Responsibilities of the Sustainability Committee  

• The sustainability committee identifies material topics on sustainability that need to be focused on.

• It creates, implements, and monitors the sustainability strategy, its short-, medium-, and long-term goals, roadmaps, and policies.

• It determines and monitors the performance criteria for the sustainability targets of business units.

• It establishes working groups and determines their members, if necessary, to carry out the necessary work to achieve sustainability targets.

• It follows national and international developments, public regulations, and trends regarding sustainability topics.

• It identifies, evaluates, and manages sustainability-related risks and opportunities.

• It makes recommendations on sustainability communication plans, approves plans, and audits the processes.

• It ensures that employees and stakeholders are informed in order to disseminate the sustainability business approach among employees and all stakeholders, and it coordinates the organization of trainings and stakeholder participation in matters deemed necessary for this purpose.

• It participates in sustainability report studies and approves the report.

• It carries out studies to ensure compliance with the principles included in the Sustainability Principles Compliance Framework announced by the CMB. It prepares the sustainability reports required by the Capital Markets Legislation and submits them to the approval of Board of Directors for public disclosure.

• The total amount of salaries and benefits provided to the Chairman, Members of the Board of Directors, and senior executives such as the General Manager, General Coordinator, and Assistant General Managers during the current period is TL 63,328,880.

In line with the sustainability efforts and goals of the shareholders Sabancı Holding and Ageas, in 2024:

• The Company continued to be listed on the BIST Sustainability Index, which evaluates the international sustainability performance of companies traded in Borsa Istanbul on environmental, social, corporate governance, human and employee rights, and transparency topics.

• In line with the goal of being a net zero emission company by 2050 in order to limit the global temperature increase to 1.5°C on the way to combat climate change in accordance with the Paris Climate Agreement, the Company has submitted a commitment letter and a target-setting application to the Science Based Targets Initiative (SBTi) for Scope 1, Scope 2 and Scope 3 emissions. The previously set target of 53% reduction in Scope 1 and Scope 2 emissions from 2019 to 2030 has been updated as 65%. We are planning to raise this target even higher and to achieve a significant reduction in operational emissions by 2030. In addition, targets for Scope 3 emissions have been set according to the Portfolio approach methodology recommended by SBTi for the financial services sector. In this context, the ratio of companies setting SBTi targets is expected to reach 40% during the period between 2022 and 2029. We aim to ensure that the entire portfolio consists of companies that have set science-based targets by 2040.

• With the renewable energy certificate I-REC, it is documented that all of the electricity consumed at the headquarters has been met from renewable sources since 2024.

• In line with the goal of developing new sustainable products and services every year, the development of sustainable products and services linked to sustainable development continued.