Based on our understanding of sustainability we prioritize economic, environmental, and social values both for our employees and for all of our stakeholders in our area of influence. We create lifelong activities so that we can convey our sustainability culture and awareness to all processes and stakeholders. Within the scope of our risk-based management model, we improve our current practices taking into account environmental and social values, i.e. the main components of sustainability.

At Tofaş, sustainability is adopted as a management philosophy by the entire Board of Directors, including the CEO. Our sustainability strategy defined by Sustainability Committee is managed by the “Early Risk Detection and Risk Management Committee”.

In the risk-based working model, action plans are prepared by all of our units based on the risks and opportunities identified by our field personnel and other relevant stakeholders, and the progress made is monitored by risk owners. Risk Management Committee reports all works and practices carried out within this scope to the Corporate Governance Committee or to the Board of Directors, depending on their level of significance, meaning that the Board of Directors is informed about the sustainability activities performed, and the members of the Board of Directors discuss these topics as part of the agenda. Sustainability activities managed by the senior management, directors, and units are coordinated by the Sustainability Team, and reported to the members of the Board of Directors.

Sustainability is managed within the framework of “Tofaş Sustainability Policy”, which includes the general principles of our sustainability approach. Our sustainability strategies are determined and monitored by the Sustainability Committee. Sustainability Working Group, on the other hand, is responsible for reporting sustainability management performance results through a sustainability report.

You can access Tofaş’s Corporate Sustainability Policy at tofas.com.tr/Surdurulebilirlik/Politikalar/ or in the Tofaş Annual Report 2020, which is published interactively at ir.tofas.com.tr/2020/.

Sustainability Priorities

We determine our sustainability priorities by involving our stakeholders, with which our interaction is higher and on which our influence is higher; and through the targets we set, we continue to witness in our business processes the positive impact of our management approach about sustainability priorities.

We created a wide universe of subjects in line with the factors covered in the GRI standard, and by considering the various subjects that are closely related to the automotive sector. When determining our sustainability priorities, we took into consideration Sustainable Development Goals, which are recognized as global goals that address environmental, social and economic problems.

We carried out two separate questionnaire studies to ensure the participation of internal and external stakeholders in decision-making mechanisms. While the first of these questionnaires was carried out with the participation of the company’s executives, the second one was carried out with our stakeholder groups, including suppliers and non-governmental organizations. In this way, the universe of subjects was finalized.

Within the scope of the study to determine the sustainability priorities, the universe of subjects consisting of 40 subjects and 17 Sustainable Development Goals was evaluated by senior and medium level managers of Tofaş. Subsequently, the studies were consolidated and the relevance of these subjects and goals with the operations of Tofaş was evaluated. In the last stage, priorities were determined by considering both the level of impact of Tofaş’s operations on these subjects and the expectation of our stakeholders. As a result of this evaluation made in 2017, we decided to manage our priorities through long-term targets, in line with the target year of 2030 set for Sustainable Development Goals; and we are monitoring our progress on related topics annually and are updating our action plans in line with the new knowledge and experience we gain.

The below table, which is the result of all these studies, shows Tofaş’s main production-related processes that are associated with the priority subjects determined as a result of the survey carried out with our stakeholders. Our goal here is to update the priorities of the company based on a lifelong perspective, and accordingly create new action plans, through which we will create value together with all of our stakeholders.