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Beko's Sustainable Actions in 2024

In the rapidly changing landscape of environmental sustainability, Beko, a leader in home appliances, has unveiled an inspiring vision for 2024 through its latest Integrated Report. This report draws inspiration from the iconic astronomer Carl Sagan, who famously referred to Earth as the "pale blue dot," serving as a poignant reminder of our planet's fragility and our collective responsibility to protect it.

Beko has made bold commitments as part of its strategy to achieve net zero emissions by 2050, with targeted goals for 2030 that involve utilizing 100% green electricity across all manufacturing facilities. This move is a vital step in not just meeting global climate goals but also reflects a proactive approach to sustainability that is becoming increasingly crucial in today’s business world.

One of the standout achievements highlighted in the report is Beko's global refurbishment network, which managed to extend the life of an impressive 114,468 appliances in 2024 alone. This initiative not only demonstrates Beko's commitment to reducing waste but also showcases its dedication to sustainable living, helping customers minimize their carbon footprints while ensuring products remain useful longer.

Remarkably, Beko derives 61.9% of its revenue from energy-efficient products, with a significant 71.5% coming from low-carbon items. This reinforces the company's commitment to not just manufacturing appliances but developing technology that prioritizes energy conservation and sustainability.

Leadership and Recognition

Beko’s longstanding position as a sustainability leader has been reaffirmed by earning the highest scores in the SP Global Corporate Sustainability Assessment for six consecutive years. Moreover, TIME Magazine and Statista recently ranked Beko as the 17th most sustainable company globally, marking its second appearance on this prestigious list. These acknowledgments serve to highlight the effectiveness of Beko’s robust climate strategy, stringent ESG transparency, product efficiency, and responsible supply chain management.

The 2024 Integrated Report is a landmark document for Beko, aligning with significant global reporting frameworks, including the International Integrated Reporting Framework (IIRC) and the Global Reporting Initiative (GRI). This report employs a dual focus approach that evaluates how sustainability impacts Beko's operations and, conversely, how the company's activities affect the environment and society. This thorough perspective allows Beko to take meaningful actions backed by both stakeholder insight and internal analysis.

Beko’s CEO, Hakan Bulgurlu, conveyed the urgency of climate action in his statement: "Securing a net-zero future requires absolute focus and concrete action. We are committed to 100% green electricity in manufacturing by 2030 and have dramatically scaled our refurbishment programme. But that's only part of the story. We continually improve our water and waste management systems and work on reducing emissions throughout our supply chain."

Path to Net Zero

The commitment to achieving net zero by 2050 is ambitious, considering most of the company’s emissions (99%) are Scope 3 emissions, primarily stemming from the product usage phase, accounting for around 80% of its Total footprint. Beko recognizes the need to address this and has been increasing investments in renewable energy at an extraordinary rate, with their installed capacity now reaching 90.2 megawatts, a nearly 30-fold increase in just four years.

The circular economy approach is a core component of Beko's transformation, affecting everything from product design to end-of-life considerations. By prioritizing refurbishment, Beko is not only promoting environmental consciousness but also minimizing the e-waste the world grapples with today.

Moreover, Beko has tied executive compensation to environmental performance, enhancing accountability in efforts to achieve sustainability goals while integrating supply chain sustainability into the strategic objectives of its leadership. This innovative approach underlines the seriousness with which Beko is treating its environmental responsibilities.

As a participant in multiple global initiatives focused on climate action, Beko’s integrated report calls on all stakeholders to engage in joint efforts toward preserving the Earth’s fragile ecosystem. For a detailed understanding of Beko’s goals and initiatives, visit their official site at Beko Corporate.

With 70 years of consistent innovation under its belt, Beko remains driven by a purposeful mission, ensuring sustainability is deeply rooted in every facet of its operations as it leads the industry into a greener future.