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Management Approach

Management Approach

As a pension fund which has always devoted itself to continuous improvement by being aware of its responsibilities, OYAK aims to convey the trust built thereby to future generations.

OYAK and 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 the Group’s culture at OYAK and group companies is transferred to all stakeholders as an exemplary model.

Within OYAK Group, sustainability is managed with the vision and support of the top management within a process involving all employees and through an organization starting from the headquarters and extending to the activities of Group Companies.

In order to improve the Group’s sustainability performance, a “Sustainability Committee” was set up, which consists of the OYAK General Directorate and representatives from the mining metallurgy, cement concrete paper, energy and automotive group, and operates under the presidency of the OYAK’s Executive Vice President. Maintaining its dynamic structure, the committee follows the current developments, sustainability activities and methodological works of the Group via monthly meetings. Essential duty of the committee is to ensure that:

  • Activities are planned and monitored at the level of objectives and actions,
  • Updates and improvements are made on the sustainability roadmap of OYAK Group as created through a participatory approach, wherever necessary,
  • A platform is created so as to transfer operational activities to decision-makers through the relevant participatory structure.

Moreover, “OYAK Sustainability Group” has been created with a wide participation so as to reflect the Group vision guided by the Sustainability Committee on the practices of Companies. OYAK Sustainability Group is composed of the top managers of the Group Companies, the relevant technical personnel and the Sustainability Committee. The Group organizes annual Sustainability Evaluation Meetings under the leadership of OYAK’s Executive Vice President who presides over the Sustainability Committee. During these meetings, the following items are discussed and finalized:

  • Evaluation of the activities performed during the previous year,
  • Determination of the priorities and fields of activity in relation to the next year,
  • Drawing up necessary plans so as to identify priorities and to implement activities.