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34 01 ABOUT 02 WE CARE FOR NATURE 03 WE DESIGN WITH PURPOSE 04 WE WORK FOR A BETTER FUTURE 05 WE THRIVE FOR CULTURAL & INSTITUTIONAL PROGRESS 06 APPENDIX Climate Risk Management Our risk management framework, which is aligned with the Eczacıbaşı Group and Group Companies, assesses compliance and sustainability. We identified sustainability related risks in 2021 as being extreme weather events, biodiversity loss, water and other natural resource depletion, inefficient resource management, occupational health and safety deficiencies, in the economic model, inadequate contribution to stakeholder wellbeing. We are now in the process of integrating the identification and management of climate-related risks. The primary climate-related risks are defined for short (1-3 years), medium (3-5 years) and long-term (>5 years). In the future, we plan to develop analysis for different scenarios including a 1.5 degrees of global warming The analysis is intended to be integrated into existing risk management frameworks. Scope 1 and Scope 2 greenhouse gas (GHG) emissions have been reported since 2013. Based on the above analysis, the measurements will be extended to Scope 3, where we aim to report emissions associated with the Geopolitics Geopolitical events occur at the intersection of geographical factors, political decisions, legal regulations, cultural differences and local impacts of climate change. Conducting an influential geopolitical risk assessment helps companies mitigate risk exposure. With this assessment, companies can proactively manage the threats that Due to its location, Turkey is often in close contact with political, climatic and economic crises. Turkey is The Green Deal, a set of policy initiatives by the European Commission to make Europe climate neutral by 2050, has the potential to create cooperation between the Europian Union and Turkey to work towards identical attracting of green investments to Turkey is a significant upside for us in addition to maintaining and improving target declared in 2021, Turkey is working on the new legislation related to climate change, in line with the As a global player active in Turkey and Europe, we are actively following the geopolitical agenda in order to steer
35 01 ABOUT 02 WE CARE FOR NATURE 03 WE DESIGN WITH PURPOSE 04 WE WORK FOR A BETTER FUTURE 05 WE THRIVE FOR CULTURAL & INSTITUTIONAL PROGRESS 06 APPENDIX The Circular Economy We believe that a ‘circular economy’ is a rational way to ensure sustainable production and create responsible consumption models. The circular economy rests on responsible resource use, design for longevity and Moving forward from this premise, we measure environmental impact of our products from raw material through tangible actions, we are using our resources efficiently and to produce without removing the capacity of nature to renew itself. EBPB’s prioritized initiatives are energy and water efficiencies, raw material reduction, waste and emission management. We are already aware that the journey of a resilient system has an ever-evolving structure, and Design lies at the center of our operations and circular design is a thinking process which covers the entire life initiated the VitrA Circular Design Principles: |