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Sustainability at OYAK Group Companies

Sustainability at OYAK Group Companies

The mentality of sustainability that forms the basis of the working principles of the OYAK Group Companies and is reflected in their practices has been disseminated in the entire OYAK Group Companies with the support of the senior management through a holistic and comprehensive sustainability strategy. A “more value with less resources” approach where future oriented strategic and operational decisions are taken into consideration in all operations of the OYAK Group Companies operating in domestic and at abroad.

In today's world where the competitive environment on limited resources for the business world is getting more challenging day by day, companies that set their growth perspective correctly with fast and technological advancements, correctly recognize the business opportunities created by sustainable development principles and implement these in their business strategies, and make the relevant dialog correctly will be one step ahead of their competitors in the global competitive environment. OYAK Group Companies contribute to the United Nations Sustainable Development Goals (UN SDGs) with its sustainability efforts, and provides a section in the OYAK Annual Report that covers sustainability activities and summarizes their contribution to SDGs.

Management Approach

OYAK Group Companies identify sustainability indicators within the framework of global and corporate priorities and adopted them in decision-making mechanisms. This approach, which is embraced at every level of management and guides business manners, allows for the sharing of responsibilities in a way to cover the entire organization. The management approach which makes sustainability the basis of culture at OYAK Group Companies is transferred to all stakeholders as an exemplary model.

OYAK Ecosystem

Within the framework of its‘more value with less resources’ sustainability policy, OYAK Group Companies show respect and act responsibly for the today’s and future’s needs while moving towards the goals set. Sustainable and efficient management of global resources is only possible by using less raw materials, increasing the resource efficiency, reducing the waste generation and recycling the wastes. In addition to all these, resource efficiency not only reduces the operational costs, but also creates a reliable and safe working environment.

In this context, Zero Waste Project has been launched completely in order to prevent waste and to use our resources efficiently with a holistic perspective by directing the obligations of OYAK Group Companies, especially within the scope of the proper management of our waste. Sustainable and efficient management of global resources is only possible by using less raw materials, increasing the resource efficiency, reducing the waste generation and recycling the wastes. In addition to all these, resource efficiency not only reduces the operational costs, but also creates a reliable and safe working environment.

In this context, rather than wait-and-see approach as in all previous sustainability efforts, the Zero Waste Project based on OYAK ecosystem approach is carried out in a holistic and proactive manner and with a responsible leadership approach. The project focuses on spreading the OYAK Zero Waste Management System and creating a culture change by creating a sustainable value chain while contributing to the sustainable development goals of our country.

Performance

Integrating sustainability into its business strategies and management structure, OYAK Group Companies developed a system to regularly monitor and measure the sustainability performance. For OYAK Group Companies, capitalizing on the link between financial and non-financial performance is a critical success factor in sustainability management. In this section, OYAK Group Companies describe their successful sustainability strategy by presenting the environmental, social and financial impact of its operations.

Annual sustainability performance of OYAK Group Companies is shared in the OYAK Group Annual Report issued annually.

OYAK Cement Concrete Paper Companies reduce the consumption of natural raw materials such as limestone, marl, clay, bauxite and iron ore with the use of alternative raw materials.

One of the best examples of industrial symbiosis in our country is the use of blast furnace slag, which is an output of integrated facilities owned by OYAK Mining Metallurgy companies, as an alternative raw material in the production of additive cement in OYAK Cement Concrete Paper Companies.

OYAK Group Companies carry out efforts to ensure the efficient use of water, which is one of the most important natural resources for life, and to prevent the environmental impacts of wastewater caused by the activities. Innovative projects are being developed and implemented for efficient use and recovery of water.

Due to their multi-sectoral structure and production capacity, OYAK Group Companies implement a sensitive waste management plan. A full compliance to environmental legislation and other liabilities is observed in the activities within the scope of waste management.

In OYAK Cement Concrete Paper Companies, the consumption of primary fossil resources such as petroleum coke and lignite is reduced and carbon emissions are reduced with the use of fuel derived from waste.

OYAK Group Companies attach importance to competitive, technology-oriented, and efficiency based investments in order to manage the costs of energy resources effectively.

ISO 50001 Energy Management System has been established in OYAK Cement Concrete Paper Companies in order to integrate energy efficiency to operational activities and to ensure continuous improvement. With this system, all the topics under energy are systematically monitored, the energy consumption of facilities is managed comprehensively, and the competencies and know-how in this context are increasing day by day with the participation of all employees.

Maintaining stakeholder relations with a bi-directional and participatory structure, OYAK Group Companies’ main stakeholder groups are consisted of members, customers, society, shareholders, employees and investors.

OYAK Group Companies share their good practices with the awareness of the transforming effect of the private sector in the low carbon economy. In order to inform the stakeholders, the sustainability tab in OYAK’s website continues to be used effectively.

With the changing competition conditions, R&D and innovation are of great importance in ensuring sustainable growth for the business world and governments.

OYAK Group Companies structure that is open to innovation and change positively contributes to the creation of an innovation culture. Through the communication, cooperation and learning based approaches in the OYAK Group Companies, industry-university collaborations have been established, and different projects have been developed for product diversity and reducing the foreign dependency.

Carrying out efforts to protect biodiversity and to reduce negative impacts with its responsibility to future generations, at all the areas with mining operations, OYAK Group Companies perform the necessary efforts and processes in reclamation of areas where the reserves are depleted and will be abandoned.