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Beko Secures Validation from Science Based Targets Initiative

In a landmark achievement for both the company and the home appliance sector, Beko, a prominent global player in the industry, has announced that it has received validation from the Science Based Targets initiative (SBTi) for its ambitious goals. These targets aim to limit global warming to 1.5°C and to achieve net-zero emissions across its entire value chain by the year 2050.

Beko's announcement underscores its commitment to addressing climate change by implementing measurable and impactful actions throughout its operations. Notably, a staggering 99% of Beko's emissions stem from Scope 3, primarily linked to the use of their products. To tackle these emissions effectively, Beko is focusing on the development of smart, connected, and resource-efficient products.

In alignment with the 2016 Paris Agreement, which seeks to limit global temperature rise to 1.5°C above pre-industrial levels, the SBTi has been paving the way for companies to set science-based emission reduction targets. This validation is a significant milestone, highlighting Beko's commitment to sustainability and placing it among the companies contributing positively to climate action. It reflects a broader industry trend towards transparency and proactive measures against environmental challenges.

Hakan Bulgurlu, Beko's CEO, emphasized the responsibility of every industry to contribute to achieving global emission targets essential for the sustainable future of our planet. "While we take pride in our SBTi validation as a recognition of our progress over the past 15 years, we understand that our journey is far from over," stated Bulgurlu. He pointed out that achieving net-zero emissions is not an isolated task; it requires collaboration across various sectors, including government, academia, and the entire supply chain.

Beko's short-term goals, which aim for a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline, also extend to the same percentage reduction in emissions from the use of sold products. Looking towards the future, Beko plans a remarkable 90% cut in both Scope 1 and 2 emissions, as well as a 90% decrease in Scope 3 emissions by 2050.

The company's strategic focus on sustainability encompasses all facets of its business model, from manufacturing innovations to eco-friendly packaging, material sourcing, and end-of-life product management. With these science-based targets now validated, Beko reaffirms its dedication to achieving net-zero greenhouse gas emissions along its entire value chain.

The current landscape demands proactive measures in the fight against climate change. As Beko sets a clear roadmap for emission reductions, it encourages the larger appliance industry to follow suit, demonstrating that collective efforts can lead to substantial progress. The journey towards sustainability involves ongoing dialogue and partnership between various stakeholders, fostering a shared commitment to a cleaner, greener future.

For those interested in tracking Beko's progress towards these ambitious climate goals, more information is available at Beko Sustainability Report 2023.

In conclusion, Beko's validation from the Science Based Targets initiative reflects a significant step forward in aligning the organization with global sustainability efforts, paving the way for more eco-friendly practices within the home appliance industry. As the company challenges itself to meet its targets, the call is clear: collaboration for a sustainable future is essential.