The Company manages its operations on the axes of fairness, transparency, accountability and responsibility, which are the fundamental principles of corporate governance, and increasing stakeholder value and respect for the environment make up the focal points of its operations. Along this line, the Company actively works to assess all risks inherent in related processes on an ongoing basis and to eliminate these risks through effective audit mechanisms.
Targeting to create desirable spaces for contemporary people and cities, and to achieve sustainable growth by effectively capitalizing on its investments and resources, the Company adopts respect for the environment as a principle in its project development, and strives to fulfill its environmental responsibility in the best manner possible. Environmental impact analyses conducted when realizing real estate investments and the environmentally-friendly projects developed serve as the concrete indicators of the Company’s sensitivity in environmental matters.
The Company believes in the importance of Corporate Governance Principles, ensures compliance with the principles, and constantly improves its corporate governance system by identifying improvement areas in relation to governance.
Carrying out its operations in an environmentally-sensitive manner, the Company takes care to comply with and monitor the specifications, regulations, protocols and standards applicable in Turkey and the world in its real estates within the framework of sustainability principles. Accordingly, it targeted to achieve alignment with globally-recognized sustainability green building certification criteria such as LEED and BREEAM, which have an important certification value in numerous countries. LEED (Leadership in Energy and Environmental Design) is a green building rating system developed internationally for all building types, and is a certification recognizing the buildings achieving compliance with fundamental sustainability criteria to support natural life without hurting the ecosystem.
Within this context, the Company devised a strategy for obtaining LEED certification within the framework of sustainability principles; accordingly, certification will be sought during the development phase of its future real estate projects, while it will try to obtain certification for renovation projects in the case of its existing real estates. Within the framework of this strategy, additional investments can be made in existing buildings, when needed.
LEED certification information in relation to the Company’s real estates are presented below:
In application phase:
İş Towers Complex Tower -2 - LEED – EBOM
İş Towers Complex Tower -3 - LEED – CS
Ankara İş Tower - LEED – CS
Qualified for certification:
Tuzla Technology and Operation Center - LEED Gold
Tuzla Mixed-Use Project - LEED Gold
Manzara Adalar (Residential) - LEED Gold
Kanyon Shopping Mall - BREEAM Outstanding
For detailed information about LEED certification and the studies within the scope of LEED certification in TUTOM, click here.
In addition, Kanyon Complex, which includes Kanyon AVM, of which our Company owns 50%, received the International Renewable Energy Certificate (I-REC) with the goal of zero carbon emissions. With this certificate, Kanyon Complex has committed to meet all of its 20 million kilowatt-hour electricity consumption from “solar” energy in 2021.
The Company follows the policies and regulations (ISO 14001) that the operating companies comply with within the scope of the sustainability principles during the operation of the buildings in the planned portfolio and encourages the operating companies to comply with the new standards.
The Company gets project introduction files prepared to determine whether or not an environmental impact assessment (EIS) is necessary for assessing the environmental impacts of its planned projects of a specific scale and quality, as per the applicable regulations of the Ministry of Environment and Urbanization. Projects are evaluated by the related Ministry within this context, and projects, which are concluded to not have significant impacts upon the environment as a result of this assessment, receive an “Environmental Impact Assessment Not Required” certificate.
Through maximum alignment with the specifications, regulations, protocols and standards applicable in Turkey and in the world in the projects developed, natural resources are preserved, energy consumption and emissions are reduced, structures and systems supporting sustainability are created, and it is targeted to create value for the end-users of the projects and for future generations.
The Company carries out all inclusive activities and takes all necessary actions aimed at offering a fair, healthy and dignified working environment to its employees. Accordingly, Human Resources Policy pledging full compliance with the legal framework and legislation governing human rights and work life in Turkey has been established. Provision of a suitable working environment where employees are respected, which is egalitarian, fair, and does not discriminate on the basis of religion, language and race make up the core principles of the Policy.
The Company has established its Personal Data Protection and Confidentiality Policy, and also the Company established and disclosed its Code of Ethics, Furthermore, the Company also set up a Whistleblowing Channel for the so-called stakeholders, a group consisting of shareholders, clients, creditors, suppliers and employees, through which they can report illegal or unethical transactions to the Audit Committee formed of independent Board members. The Company discloses all of its activities within the scope of social responsibility via the annual report and the Company website. Employees are kept informed about the Company’s corporate social responsibility projects; employees can, and are encouraged to, actively take part in the projects on volunteering basis.
The Company attaches importance to continuity and transparency in stakeholder communications. Records of the written correspondence between shareholders and the Company, and of other information and documents are kept regularly, and information requests received from shareholders, or other stakeholders such as intermediary institutions, asset management companies and public agencies are satisfied in a timely manner in line with the Company’s publicly disclosed Disclosure Policy.The Company implements the open communication system to ensure a sustainable, fair, safe and healthy work environment with its employees, who make another important stakeholder group of the Company, and constantly improves its HR management processes within the framework of employee feedbacks. The Company employs sustainable, open and honest communication channels whereby mutual rights and interests are safeguarded also in its relations with suppliers, and makes use of supplier feedbacks so as to guarantee a long-term, efficient company-supplier relationship.
The Company takes into account the sustainability issue, environmental impacts of its activities, and related principles when determining its corporate governance strategy, and seeks stakeholders’ opinions when identifying sustainability-related measures and strategies. In this context, the Company takes necessary actions to achieve compliance with the principles related to stakeholders as mentioned in the Corporate Governance Principles and to strengthen relationships with stakeholders.
The Company has formulated its Anti-Bribery and Anti-Corruption Policy so as to cover the individuals and organization acting on behalf of, or providing services to, the Company.
Detailed information within the scope of sustainability is included in the "Sustainability Principles Compliance Framework" section of the Annual Report.