Sustainability at Eczacıbaşı Group

We place sustainable value creation at the heart of our business strategy and integrate sustainability approach into all our business processes, throughout the entire life cycle of our products. We prioritize identifying sustainable opportunities and continuously improve the way we generate value for our stakeholders.

In 2022, we have deepened our efforts in sustainability, shaped our Group’s sustainability strategy with our passion to create value for all and presented our approach to our stakeholders with our 2022 Integrated Sustainability Report.

As we embrace sustainability as both a business approach and a life choice, we commit to “building a healthier future, together” with our stakeholders. Our unwavering dedication lies in cultivating prosperous societies, and forging a sustainable relationship with our planet.

Eczacıbaşı Group’s Materiality

At Eczacıbaşı Group, we believe that our primary responsibility to our stakeholders is to enhance our long-term economic performance through value creation, with a focus on resource efficiency and social welfare. To fulfill this responsibility, we take an integrated approach that takes into account external factors, the most significant issues for our stakeholders, and our ability to create value.

In 2019, we conducted a study to evaluate the sustainability priorities of the Group. We engaged with nearly 200 executives from Eczacıbaşı Holding and Group companies, and approximately 50 external stakeholders. Our main aim was to gain insights and recalibrate our priorities for all our activities. Hence, we evaluated the mega trends that are shaping the future, analyzed our impact on the 17 UN Sustainable Development Goals, and concluded our study with inputs from our employees and management.

In 2022, we undertook a review of our sustainability priorities in response to the rapid transformation of the sectors in which we operate and other challenges, such as the pandemic, extreme weather events, and natural disasters. Our goal was to assess the effectiveness of our current sustainability priorities. We began by conducting a thorough evaluation of the impact of our operations, including the sustainability initiatives, targets, and progress of Eczacıbaşı Holding and Group companies. This helped us to re-identify the environmental, social, and economic priorities that are most important to our stakeholders and businesses and determine where to invest our resources and restructure our efforts

Stakeholder Relations

Our stakeholder ecosystem includes a diverse range of individuals and groups, including people, consumers, employees, supply chain partners, media, universities, research and innovation centers, finance community, and civil society. At Eczacıbaşı Group, we value the importance of maintaining regular and direct communication with our stakeholders. By doing so, we can identify global trends and market expectations, and gain valuable insights into the needs and expectations of our stakeholders. We inform and collaborate with them to establish and maintain trustworthy relationships.