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Beko's Innovative Approach to Sustainability

Beko, the leading home appliances manufacturer, has recently presented its 2024 Integrated Report, forged from the profound inspiration of scientist Carl Sagan, who described Earth as the "pale blue dot." This metaphor highlights the fragility of our planet and the collective responsibility to protect it. Amid the often turbulent discussions around sustainability in corporate circles, Beko stands out with its unwavering commitment to fostering a sustainable lifestyle in every household.

The company set forth ambitious targets as it aims for net-zero emissions by 2050, with immediate goals for 2030 that include transitioning to 100% green electricity at all manufacturing sites. The Integrated Report showcases Beko's remarkable achievement of refurbishing over 114,000 appliances in 2024 alone. Remarkably, 61.9% of Beko's revenue now comes from energy-efficient products, with a significant 71.5% sourced from low-carbon emissions devices.

Beko's reputation in sustainability is further amplified by receiving the highest score in its sector in the Corporate Sustainability Assessment from SP Global for six consecutive years. Furthermore, it has recently been listed as the 17th most sustainable company globally by TIME Magazine and Statista, reinforcing its position as a leader in sustainable practices. These accomplishments underline Beko's robust climate strategy, as well as its ongoing advancements in transparency regarding environmental, social, and governance (ESG) metrics, energy efficiency of products, supply chain responsibility, and social inclusion efforts.

The pioneering nature of Beko’s Integrated Report follows international guidelines, including the International Integrated Reporting Framework (IIRC), the Global Reporting Initiative (GRI), and recent updates on Sustainability Reporting Standards in Turkey. It offers a dual materiality assessment, which evaluates not only how sustainability issues affect Beko's business operations but also how those operations impact society and the environment. By merging stakeholder perspectives with internal analyses, the company propels itself towards actionable goals that reflect a commitment to sustainability as a global imperative.

Beko's CEO, Hakan Bulgurlu, articulated the urgency of achieving a future marked by net-zero emissions. He emphasized that commitment to using 100% green electricity in manufacturing plants by 2030 is an integral part of its broader climate strategy. Beko aims to tackle Scope 3 emissions, which account for a staggering 99% of its overall environmental footprint—approximately 80% of which occurs during the product's usage phase.

In a remarkable shift towards renewable energies, Beko has increased its installed capacity to 90.2 MWp, marking an almost thirtyfold increase in just four years. The company's circular economy strategy is a significant catalyst for transformation in product design, production, and end-of-life usage. Refurbishment processes are pivotal to Beko’s life cycle model, extending the lifespan of appliances and assisting customers in minimizing their carbon footprints while simultaneously alleviating electronic waste.

On a governance level, Beko has embedded sustainability deeply into its leadership DNA, indirectly linking executive compensation to environmental performance. Reduction goals concerning Scope 1, 2, and 3 emissions are incorporated into the dashboards of executive leadership, demonstrating a comprehensive approach to sustainable management throughout the supply chain.

As a signatory to multiple global initiatives, Beko asserts its commitment to collaborative climate action. The Integrated Report serves as a rallying call for stakeholders to unite in safeguarding the planet's sustainability. For further insights into Beko's initiatives and strategies, visit their corporate website.

About Beko

Beko operates internationally with a strong foothold across more than 55 countries, employing over 50,000 individuals and hosting production facilities in various regions including Europe, Asia, Africa, and the Middle East. Beko boasts 22 proprietary or limited-use licensed brands. As Europe’s largest appliance manufacturer, Beko achieved consolidated revenues of 10.6 billion euros in 2024, driven by its expansive R&D and design network housing over 2,300 researchers and boasting more than 3,500 international patent applications. Recognized for exceptional sustainability performance in the household durables sector, Beko continues its mission, espousing the vision of "Respecting the World, Respected Worldwide."