Renewable energy investments, which are the most effective solution in combating climate change – a critical issue in sustainability – hold a significant place among our assets.
These investments also cover our company’s general administrative expenses through the regular cash flows they generate, thereby ensuring the sustainability of our company. In this respect, we consider our company’s sustainability position to be highly balanced, creating value both for itself and for the world.
Maintaining this balance will be one of our most important goals as we grow.
Blume carries out its economic activities by prioritising sustainability principles in the areas of environment, social responsibility and corporate governance. Corporate governance plays a key role within the framework of sustainability management.
Through corporate governance, we aim to fulfil the requirements of being listed on capital markets – namely institutionalisation, transparency and accountability – to comply with all applicable laws and regulations, and to internalise at the highest level the business ethics standards accepted both globally and in our country.
At the same time, corporate governance is positioned to implement the methods, practices and processes for achieving goals in the areas of Environment and Social Responsibility.
Within this general framework, our company:
- Takes into account the effects, environmental and social consequences of its activities on all its stakeholders, especially its partners/investors and employees, and takes the necessary measures to minimise negative impacts.
- Rejects all forms of discrimination that violate equal opportunity, discriminate against, exclude or select people based on gender, religion, political opinion, race, cultural or social origin.
- Never tolerates bribery or corruption; it punishes such acts most severely.
- Acts in accordance with all national and local laws and generally accepted business ethics standards.
- Selects its suppliers in a fair, honest and impartial manner, in line with commercial practice. In supplier selection and in relations with its suppliers, it monitors their compliance with sustainability principles.
- Regards its steps regarding environment, social responsibility and corporate governance not as costs but as investments, and knows that in the medium to long term these investments will contribute to company value.
- Prefers alternatives that minimise carbon emissions in energy investments and energy use.
- Aims to produce structures compatible with nature and the environment in construction and real estate investments.
- When choosing sectors and companies to invest in, acts by questioning the environmental and social responsibility practices of the sector and the company.
Due to the central role of corporate governance in our sustainability policy and strategy, a Sustainability Committee has been formed within our company, composed of members of the Corporate Governance Committee.
Starting from 2022, the Sustainability Committee will report to our board of directors regarding our company’s sustainability activities.
Responsibility for sustainability principles lies with the board of directors.
Blume Metal Kimya A.Ş. 2022 SUSTAINABILITY REPORT – 27.12.2022
Our company’s sustainability practices are guided by our “Sustainability Policy and Strategy” and “Blume Human Rights Policy” approved by our board of directors, as well as the Sustainability Principles issued by the Capital Markets Board and the Corporate Governance Principles issued by the Capital Markets Board.
In 2022, there was no situation that would create a deviation or contradiction between our company’s practices and our “Sustainability Policy and Strategy” or “Blume Human Rights Policy”.
Our company’s most important activities in 2022 were energy production and construction within the scope of the “Fuga Panorama” real estate project.
Within the scope of our construction, compatibility with nature and the environment was taken into account, and no tolerance was shown for bribery or corruption. Furthermore, within the scope of our construction activities, no issues were experienced regarding human rights or equal opportunity for our own employees or subcontractor employees. Occupational health and safety risks were minimised within the ongoing construction activity, and occupational health and safety practices were monitored at the highest level.
Our company’s activities in the energy field are based on renewable energy sources. The solar power plants within our company and our subsidiaries generated production at expected levels in 2022, contributing to the reduction of carbon emissions. With the acquisition and integration into our company of the solar power plant operating in Çal district, Denizli province, which we acquired at the end of 2021, our renewable energy production has been increased.
Within the framework of these assessments, it has been concluded that our company’s compliance with sustainability principles continued to increase in 2022, and it has been decided that this report be presented to the board of directors for information purposes.