SUSTAINABILITY

SUSTAINABILITY
Meryem, daughter of Birol Daldaban from our Tufanbeyli Power Plant

Our VISION & ACTIVITIES

As Enerjisa Üretim, we embrace the change and invest in people-oriented ecosystems and regenerative business models for a better future.

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Serkan Çiftçi’s son Yiğit and daughter Asiye, from our Köprü Power Plant

RISK MANAGEMENT

As Enerjisa Üretim, we do not only approach risk management technically and methodically, but also care about its cultural dimension. The ever-increasing volatility and obscurity necessitate the spread of risk management approach and practices today and for them to be a part of our daily decision mechanisms. In order to adapt to the changing world, we develop our Enterprise Risk Management organization and practices in accordance with the needs of the future.

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Our Vision & Activities

OUR SUSTAINABILITY VISION

As Enerjisa Üretim, we embrace the change and invest in people-oriented ecosystems and regenerative business models for a better future. Through our sustainability approach, we concentrate on making our current investments more sustainable by means of our environmental, social and governance practices in our operating regions. We set our priorities within the framework of global transformation, the needs of society and our employees, and the continuity of our business models. We strive to be one of the leading companies in our industry and business world in the short, medium and long term in line with our sustainability vision and good practices we have implemented in these areas.

We consider climate change and biodiversity as our critical areas and work to improve them. We regard our renewable energy investments, digitalization and innovation as the driving force in ensuring energy supply security.

We make our social investments in the regions where we operate in line with the needs of the society and our priorities. By focusing on people in all processes, we feature our operations in the terms of occupational health and safety, employee engagement, gender equality, ethics and talent management. While carrying out all these, we manage them with a common sense alongside our internal and external stakeholders.

OUR FOCUS AREAS WITHIN THE FRAMEWORK OF OUR SUSTAINABILITY STRATEGY:

1

Climate Change and Environment

2

Energy Supply Security

3

Our Employees

4

Contribution to the Community

Our Efforts Within the Framework of Our Sustainability Focus Area

Our Agrivoltaic Project

We broke new ground with an implementation that will lead the use of renewable energy in agriculture with the collaboration of Komşuköy. Agrivoltaic application, which is a way to make use of land for both agriculture and energy generation, offers us a unique opportunity for sustainable agriculture and energy. By means of the extraordinary positioning of the solar panels, plants such as blueberries, cabbage, and spinach are grown in an efficient and sustainable way with this project, which we have put into operation with Komşuköy.

Our Honey Forest and Beekeeping Activities

As Enerjisa Üretim, within the scope of the project of Protecting Bees and Improving Beekeeping, handled under the title of Biodiversity Conservation and Development, which is one of our priority issues within the framework of our sustainability vision, in line with the needs of the forest ecosystem and contributing to biodiversity, following activities were realized in terms of the “Creating Honey Forests” and “Beekeeping Training and Collective Fight Against Bee Diseases” projects carried out in Kahramanmaraş (Göksun) and Çanakkale (Eceabat);

A habitat for approximately 4000 hives and 300 million bees has been built.

Collective pesticide spraying was carried out for 51 thousand hives together with all stakeholders.

Sustainable Beekeeping training was given to 150 beekeepers.

Appropriate areas were determined together with the Forestry Directorate and approximately 23 thousand different types of saplings and trees were planted.

In 2022, we created 2 honey forests in order to provide a habitat for 300 million bees, 200 million in Çanakkale and 100 million in Kahramanmaraş respectively. Working with the Union of Beekeepers and the Provincial General Directorate of Forestry in our honey forests, we have provided both support for local producers and protection of biodiversity.

Our Training Programme for Female Students

We initiated a Training Programme for Female Students in order to enable women who study in associate and undergraduate programmes and who will take a new step in business life, in order for them to undertake more roles in the energy industry and to prepare them for business life.

Within the scope of the programme, we accepted the 3rd and 4th grade female students from various universities and vocational schools in Türkiye, particularly in central regions, regardless of department.

We created the training content by tapping into Boğaziçi University Lifelong Learning Centre and our Power MBA programmes. We involved academicians from Boğaziçi University Lifelong Learning Centre and Sabancı University Executive Development Unit to our instructor staff. In our training programme, where we aimed to include 500 female students, the number of such students who were entitled to receive certificates at the end of the process was 525.

Due to the increasing importance of individual awareness and volunteering along with the recent forest fires, we carry out activities for the prevention of forest fires and for providing conscious approaches in the fight against such fires. In this context, as Enerjisa Üretim, we organized the “Forest Fire Fighting Training” for our employees and volunteers in our ecosystem.

In cooperation with the Provincial General Directorates of Forestry, we organized specialization training sessions with our internal and external stakeholders, who were willing to volunteer in this field, provide support when needed, and ensure that the process is managed effectively with end-to-end coordination. We completed these training sessions with the participation of 156 volunteers in 3 different regions, namely Adana (3 different training sessions), İstanbul and Balıkesir.

Within the scope of Forest Safety, we built Fire Pools in the regions required by our General Directorates of Forestry and provided the resources to enable firefighters to intervene in fires in the most effective way. We built a total of 7 fire pools in the Antalya, Muğla and Adana regions.

RISK MANAGEMENT

RISK MANAGEMENT ORGANIZATION AND CULTURE

As Enerjisa Üretim, we do not only approach risk management technically and methodically, but also care about its cultural dimension. The ever-increasing volatility and obscurity necessitate the spread of risk management approach and practices today and for them to be a part of our daily decision mechanisms. In order to adapt to the changing world, we develop our Enterprise Risk Management organization and practices in accordance with the needs of the future.

In 2022, we formed two new committees in order to develop our risk culture approach, manage cultural transformation, discuss strategic and systemic risks more effectively and strengthen coordination. While the Risk Leadership Committee, which consists of the senior management team, focuses on the management of strategic and organizational risks and determining policies, the broader Corporate Risk Management Committee, which consists of our function leaders, evaluates the existing risk ecosystem, works for the early detection of systemic risks that may occur, and coordinates activities in order to spread the risk culture to the base.

With our risk management approach; we aim to define all risks and opportunities that may affect our operational, strategic and financial plans, measure and evaluate them using various methodologies and manage risks in the most effective way.

Two different departments responsible for risk management carry out risk management activities in their own fields. The Technical Risk Management department focuses on the management of technical risks, while the Risk Culture organization includes the Corporate Risk Management, Commercial Risk Management, Financial Risk Management and Business Continuity departments.

GENERAL RISK ASSESSMENT FOR 2022

When the 2022 WEF Global Risks report is examined, we see that many of the most important risks identified bring along fundamental risks and opportunities for energy market players. These risks, which are also included in many different studies can be summarized as unresponsiveness to climate change, extreme weather events, natural resource crises, debt crises, rising cyber security risks and supply chain crises caused by epidemics.

We observe that risks arising from inflation and large-scale migration are added to the risks foreseen for 2023. When the results of the large-scale risk surveys for Türkiye are analysed, we see that the loss of skilled labour at the beginning of 2023 is added to the foreign exchange and market risks and economic crises that came to the fore in 2022. 2022 was also a year of high volatility and record prices for global energy markets. Price records were broken in the European natural gas and electricity markets. While the Dutch TTF (Title Transfer Facility) market, which is one of the most important liquid natural gas trade centres in the world, started at 80 EUR/MWh at the beginning of 2022, the gas shortage concerns that emerged with the Russia- Ukraine war that started at the end of February rocketed the TTF spot prices to 210 EUR/MWh. However, as Russia continued to supply gas, prices fell back to 80 EUR/MWh.

In June, a fire broke out in the LNG terminal (Freeport) of America, which mostly exports to Europe, causing TTF gas prices to rise to 180 EUR/ MWh again. TTF spot prices rose to 308 EUR/MWh with the concern that Nord Stream 1, which was put into maintenance in July, would cut natural gas after maintenance. The record prices that came with the unprecedented volatility and uncertainty in the natural gas markets brought great risks and opportunities for companies operating in this market.

These developments in natural gas, which is one of the important sources of electricity generation, also deeply affected the European electricity markets. Germany’s 2023 annual (Cal-23) contract prices averaged 935 EUR/MWh in August, but dropped to an average of 279 EUR/MWh in December. Electricity price volatility in 2022 was 300%.

The high uncertainty and volatility environment also directly affected the prices in our country, albeit at a relatively low rate. The electricity market clearing price (PTF), which was 1177 TL/MWh on average in January 2022, became 3600 TL/MWh in December 2022 with rising natural gas, coal prices and exchange rates.

As Enerjisa Üretim, we closely monitor all market risks with both asset optimization and advanced risk management tools and techniques that we have developed and used for many years in our commercial activities. We continue our commercial activities with clear risk capital and risk limit structures accordingly.

We use advanced risk management tools and techniques in order not to be negatively affected by currency fluctuations. Despite all the uncertainties, the year 2022 was completed with successful practices and high performance in terms of risk management in our company.