Beko Dominates in Sustainability with Highest ESG Score in Household Durables Industry

Beko Sets the Standard for Sustainability in Household Durables

Beko, a prominent player in the consumer durables and electronics sector, has set an extraordinary benchmark by attaining a remarkable ESG score of 89 out of 100. This achievement was recently recognized in the 2024 S&P Global Corporate Sustainability Assessment (CSA) conducted on November 22, 2024. Beko's score positions it as the leading company in the DHP (Durable Household Products) industry, marking the sixth consecutive year it has held this distinction.

In the latest CSA, Beko's unwavering commitment to sustainable practices has been accentuated. The CSA critically evaluates companies based on their environmental, social, and governance efforts, and Beko's top ranking serves as a testament to its robust sustainability initiatives. Furthermore, Beko has been acknowledged in the Dow Jones Sustainability Indices for an impressive eighth consecutive year, underscoring its consistent performance in the realm of sustainable business operations.

Hakan Bulgurlu, the CEO of Beko, expressed pride in this accomplishment while emphasizing the company's commitment to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. Beko has put forth science-based climate targets that are rigorously validated by the Science Based Targets initiative (SBTi). These scientifically grounded targets aim to mitigate climate change through specific, measurable outcomes, marking a significant advancement for both Beko and the home appliance sector.

Key components of Beko's climate strategy include a targeted 42% reduction in Scope 1 and 2 emissions and an equal reduction in Scope 3 emissions from product use by the year 2030, with the 2022 calendar year utilized as the baseline for these measurements. As a long-term objective, Beko aims to cut absolute Scope 1 and 2 emissions by a staggering 90% and similarly reduce Scope 3 emissions by 90% by 2050, taking 2022 as the reference point.

Bulgurlu further commented, "Achieving net-zero emissions in accordance with a 1.5°C climate pathway is of paramount priority for us. To fulfill this commitment, we are perpetually innovating advanced technologies intended to enhance the energy efficiency of our products while simultaneously curbing carbon emissions. Increasing investments in renewable energy initiatives and strengthening our operational capacities are also ongoing goals. Witnessing our efforts gain global recognition reinforces our belief that we are progressing in the right direction. Sustainability transcends mere objectives; it is a fundamental responsibility that we owe to our enterprise, our planet, and future generations."

Beko's unparalleled ESG score not only showcases its dedication to sustainable growth but also serves as inspiration for other businesses worldwide. By prioritizing ecological responsibility, social impact, and governing principles within their operations, Beko encourages others to follow suit. The moves made by Beko are not just corporate strategies; they are real contributions towards a sustainable future for everyone.

About Beko

Beko operates on an international level, employing a workforce of 55,000 and maintaining global reach through subsidiaries across 58 countries. The company manages 46 production facilities in 14 countries, including Turkey, the UK, Italy, Romania, and others. With an impressive turnover of 8 billion Euros in 2023, Beko has earned its reputation as the largest white goods company in Europe based on market volume. The company boasts more than 3,500 registered patents resulting from research and innovative design, showcasing a strong commitment to leading in technological advancements.

Ultimately, Beko’s guiding vision of 'Respecting the World, Respected Worldwide' reaffirms its intention to prioritize sustainability in its business practices, striving to make positive impacts throughout its extensive lifecycle. This recent accomplishment underlines Beko's position not just as a leader in the appliance industry, but as a trailblazer in corporate responsibility and sustainability efforts.