At Tofaş, we assume that creating a sustainable and value-generating management model is our top priority. At Tofaş, Sustainability Management subject, one of the six main pillars of our corporate risk management, is under the responsibility of the Early Detection of Risk and Risk Management Committee. Activities are reported to the Corporate Governance Committee, and the Board of Directors is informed about sustainability efforts. Thus, sustainability subject is under responsibility of the Board and monitored by its members. Therefore, the operations conducted by executives, notably CEO, related directors, are coordinated by the Sustainability Team and reported to the given Board Committees.

At Tofaş, we manage the sustainability subject in the context of “Tofaş Sustainability Policy” including our general sustainability approach. Our sustainability strategies are defined and monitored by Tofaş Sustainability Committee. The Sustainability Working Group is responsible for strategic decision making about sustainability management and putting it into practice and for sharing the performance results through sustainability reports.

Tofaş Corporate Sustainability Policy is available on www.tofas.com.tr/tr/surdurulebilirlik/Pages/Politika.aspx or on our 2017 Tofaş Annual Report which we publish interactively on ir.tofas.com.tr/en/index.html.

Sustainability Priorities

Tofaş’s study on the identification of sustainability priorities has been conducted in line with the principles such as completeness, sustainability context, materiality and stakeholder inclusiveness outlined by GRI Standards in order to define report content. While topics mentioned in GRI Standards constitute a large part of the subject universe, topics related specifically to our sector are also covered. We have also considered Sustainable Development Goals (SDGs) defined as universal set of goals that deal with environmental, social and economic issues while identifying the sustainability priorities.

We conducted a series of studies in order to enable internal and external stakeholders participate in decision-making mechanisms in the process of identifying the sustainability priorities. We have conducted a survey for company directors as the first step. Afterwards, we realized a second survey to which stakeholder groups including suppliers and NGOs attended, hence concluded our topic universe.

In the context materiality study for identifying sustainability priorities, a topic universe of 40 issues and 17 goals are evaluated by two different studies conducted by mid-level and senior managers of Tofaş. Following the consolidation of these studies, relevance of Tofaş operations with these topics was evaluated. In the final step, priorities were set in consideration of parameters such as the impact level of Tofaş operations and stakeholder expectations on these issues. The resulting scheme of these studies demonstrates Tofaş’s main processes in relation to material topics identified as a result of the survey based on stakeholder views.