Enerjisa Üretim

Corporate Governance

Governance Structure and Business Ethics Principles

At Enerjisa Üretim, we not only operate within the framework of operational excellence but also strive to create a sustainable business model based on transparency, ethical management principles, and strong corporate governance. Our Board of Directors, auditing mechanisms, and ethical management processes are essential components of our robust governance framework.

Our Corporate Governance Approach:

Transparency: We ensure clear and reliable information flow across all our business processes.

Accountability: By fully adhering to business ethics principles, we provide assurance to our stakeholders.

Sustainable Management: We continually enhance our mechanisms for ethics, compliance, and risk management.

Kurumsal Yönetişim Yaklaşımı

Our governance structure is supported by business ethics rules and compliance processes, with risk management and internal control systems proactively preventing potential violations.

Business Ethics, Compliance, and Anti-Corruption

Our ethical values are one of the cornerstones of our corporate culture. At Enerjisa Üretim, we are committed to full compliance with business ethics standards and adopt a zero-tolerance policy towards unethical practices in our business processes.

Our Business Ethics Rules serve as a guide to ensure that our company consistently applies its ethical principles and values in a sustainable manner. This system, known as “EnEtik”, is a corporate structure developed to ensure ethical compliance in all our relationships with internal and external stakeholders. It covers a wide range of areas, from the protection of company assets and information to preventing conflicts of interest, combating bribery and corruption, and fulfilling legal obligations. These rules, which are binding for both our employees and business partners, apply to all interactions, both internal and external, and strengthen the understanding of ethical management in the business world. In this context, our company requires its business partners to commit to ethical compliance in the contracts signed with them and ensures the full implementation of ethical compliance principles in business processes.

If any of our stakeholders encounter an issue contrary to business ethics, they can contact us through the following reporting channels (all notifications received through the specified channels are reviewed solely by the Internal Audit Department and are handled with strict confidentiality in compliance with the Personal Data Protection Law No. 6698 (PDPL)).

Ethics Hotline Phone Number: 0216 512 4242

E-mail: [email protected]

Enerjisa Üretim Code of Business Ethics

As stated in Enerjisa Üretim’s Anti-Money Laundering, Anti-Corruption and Anti-Bribery Policy, we embrace the anti-corruption and anti-bribery principles of the United Nations Global Compact and the OECD Guidelines for Responsible Business Conduct for Multinational Enterprises.

Kurumsal Yönetişim Yaklaşımı

Our Code of Business Ethics serves as a guide to ensure the sustainable implementation of our company’s ethical principles and values.

Kurumsal Yönetişim Yaklaşımı

Compliance Processes

Transparency, accountability, and effective oversight mechanisms form the foundation of our corporate governance philosophy. Our compliance policies are designed to ensure full alignment with applicable laws and internal regulations. As part of this framework, we maintain ongoing training programs, reporting channels, and audit mechanisms.

Our Legal and Compliance Department plays a pivotal role in overseeing all ethics and compliance processes. Reporting directly to the CEO, the department ensures that our operations remain fully aligned with both national and international regulations.

We have established Compliance Violations Reporting Mechanisms for our employees and business partners, enabling reports to be submitted via email or phone. These are forwarded directly to the Legal and Compliance Department. The process is conducted independently, and all potential violations are reviewed by the Enerjisa Üretim Compliance Board. Reports regarding compliance-related matters may also be submitted through the following channels:

Email Compliance Violation Reports to: [email protected]

Compliance Violations Reporting Hotline Phone Number: 0216 512 40 60

Comprehensive information about our compliance processes can be found in the Enerjisa Üretim Compliance Manual, which has been developed in accordance with the frameworks set by Sabancı Holding and E.ON. This manual covers a wide range of critical areas such as anticorruption, competition law, data privacy, and international sanctions.

As of 2024, no confirmed incidents of corruption have been recorded within our company.

Enerjisa Üretim Compliance Principles

Stakeholders may also reach out through the Compliance Violation Reporting Channels. These channels are exclusively accessible by the Chief Legal Counsel and the Compliance Advisor. Upon receiving a report directly or via the Compliance Advisor, the Chief Legal Counsel first conducts a preliminary assessment to determine whether the issue relates to ethics. If deemed relevant, the report is escalated to the Internal Audit Department for further investigation.

Among the key initiatives we undertake to strengthen our employees’ understanding of ethics and compliance are mandatory ethics and compliance training sessions,delivered regularly via our e-learning platform. These ongoing trainings ensure that employees remain up to date and each year they reconfirm their commitment by signing the Code of Ethics Compliance Statement, reinforcing the company-wide adoption of our ethical standards.

As part of our ethics and compliance trainings in 2024:

1,222 employees completed the Compliance Rules Training.

895 employees completed the Compliance Training Series.

138 employees received in-person training.

141 employees participated in online live training sessions.

Enerjisa Üretim is a member of the Ethics and Reputation Association and the United Nations Global Compact Network Türkiye, under which we are also a member of the Global Compact Signatories Association. Each year, we publish our performance in the areas of governance, human rights, labor practices, environmental responsibility, and anti-corruption through the UNGC CoP (Communication on Progress) Report, ensuring transparency for all our stakeholders. These memberships reflect our commitment to globally recognized standards of ethical and sustainable business conduct.

Enerjisa Üretim UNGC CoP Reports

Our commitment to ethical principles is an integral part of our corporate identity. Through awareness training programs, we are cultivating a strong culture of compliance for both our employees and business partners.

Uyum Süreçleri

Enerjisa Üretim Organizational Structure

Board of Directors

As a cornerstone of our corporate governance approach, the Board of Directors leads the company’s strategic decision-making, drives longterm value creation, and ensures sustainable growth. Board members oversee financial and operational performance while making strategic decisions aimed at enhancing our competitive strength within the sector.

Enerjisa Üretim Board of Directors

Attila Kiss

Chairman of the Board

Kıvanç Zaimler

Deputy Chairman of the Board

Nusret Orhun Köstem

Member of the Board

Yeşim Özlale

Member of the Board

Diddo Diddens

Member of the Board

Guntram Dr. Würzberg

Member of the Board

Enerjisa Üretim Organizasyon Yapısı

Leadership Team

At Enerjisa Üretim, we have a strong Leadership Team that guides us in reaching our sustainable growth objectives. While guiding the company’s strategic decisionmaking processes, our Leadership Team plays an active role in enhancing operational effectiveness and creating long-term value.

İhsan Erbil Bayçöl

İHSAN ERBİL BAYÇÖL

CEO

Following his graduation from Boğaziçi University, Department of Civil Engineering in 2000, İhsan Erbil Bayçöl completed his MBA at Sabancı University as well as the Advanced Management program at WHU Otto Beisheim School of Management. He started his career as a Project Control Engineer at Bechtel-Enka Joint Venture and joined Enerjisa in 2008. Bayçöl has been serving as Enerjisa Üretim CEO since January 2020. His greatest passion is cycling, and his interests include team games and basketball. He is married with two children.

Mert Yaycıoğlu

MERT YAYCIOĞLU

CFO

Mert Yaycıoğlu graduated from Middle East Technical University, Department of Business Administration in 1998. He previously held various positions at PricewaterhouseCoopers, PwC and Finmeccanica, and joined Sabancı Holding in 2009. Since 2020, he has served as the Enerjisa Enerji Group Purchasing and Business Units Finance Department Head respectively and has 25 years of work experience to his credit. Yaycıoğlu, who joined the Enerjisa Üretim team in 2022, is married and has one child. His hobbies include playing tennis and gastronomy cultures.

AYŞEGÜL GÜRKALE

AYŞEGÜL GÜRKALE

ASSISTANT GENERAL MANAGER OF PEOPLE AND CULTURE

Ayşegül Gürkale graduated from Marmara University, Department of Economics in English, and completed her MBA at Sabancı University. She worked in different areas of responsibility such as Commercial Banking, Product Development, Strategic Planning, Regional Manager, Human Resources and Purchasing Deputy General Manager in Pamukbank, Garanti Emeklilik and Aksigorta companies respectively in the Banking and Insurance sector. Gürkale, who joined the Enerjisa Üretim team in 2022, is interested in horse riding and sailing. She is married and the mother of two children.

ALPER SERÇE

ALPER SERÇE

ASSISTANT GENERAL MANAGER OF OPERATIONS (WPP, HEPP, SPP, NGCCPP) AND NEW TECHNOLOGIES

Serçe graduated from ITU Electrical Engineering in 2000 and worked as a manager in domestic and international energy projects at TEKFEN and GAMA. He joined Enerjisa Üretim in 2014 and completed the Sabancı University Energy Management master’s program in 2017. He served as the Hydroelectric Power Plants and New Technologies Director for 4 years. As of August 1, 2024, he continues his duty as the Business and New Technologies GMY.

YUSUF İLİMSEVER

YUSUF İLİMSEVER

ASSISTANT GENERAL MANAGER, COMMODITIES

Upon completing his undergraduate degree in Industrial Engineering at Middle East Technical University, Yusuf İlimsever received his International Business degree from Kingston University in 2009. He started his business life at JJ Food Service and joined Enerjisa in 2011, holding expert and managerial positions in the fields of Energy Trading and Risk Management. İlimsever has 14 years of work experience to his credit. He is interested in football, history and travel and is married with one child.

ALİ İNAL

ALİ İNAL

ASSISTANT GENERAL MANAGER OF IT AND DIGITAL BUSINESS

Having graduated from Doğuş University, Department of Industrial Engineering, Ali İnal received his master’s degree in IT Business Solutions from Alpen-Adria University in Austria, and completed the senior managers’ programme, titled Gold for Business Leaders, at HEC Business School in France. He started his career at Advancity Internet Solutions in 2001 and has approximately 22 years of work experience. İnal joined Enerjisa Üretim in July 2019 as Information Technologies Director. His interests include technology, music, amateur astronomy and whiskey culture. He is married and has three children.

EGEMEN YAMANKURT

EGEMEN YAMANKURT

ASSISTANT GENERAL MANAGER OF STRATEGY AND PORTFOLIO MANAGEMENT

After graduating from Anadolu University Civil Engineering and Environmental Engineering departments, Egemen Yamantürk received his postgraduate education in Hydrology and Water Resources and completed the MBA program at Sabancı University Faculty of Management Sciences. He started his career as a Field Engineer in the Eskişehir Wastewater Treatment Plant Project in 2008, and worked as a Hydraulic Engineer at DHI Slovakia in 2009. In 2011, he completed his job as a Project Assistant at Anadolu University and started working at Enerjisa. His hobbies include traveling, swimming and cinema. He is married with one child.

AZİZ ÜNAL

AZİZ ÜNAL

ASSISTANT GENERAL MANAGER OF OPERATIONS (LIGNITE) AND SUPPLY CHAIN

Aziz Ünal graduated from Yıldız Technical University, Department of Chemical Engineering, and received his MBA degree from Yeditepe University. After working at Kale Balata and Colgate Palmolive, he joined Enerjisa in 2008. Ünal has played various roles in the purchasing teams of Enerjisa and Enerjisa Üretim. He has 21 years of work experience in the automotive supply industry, FMCG and energy sectors. His hobbies include traveling, karting, swimming and running.

HÜSEYİN ÖZCAN

HÜSEYİN ÖZCAN

ASSISTANT GENERAL MANAGER OF RENEWABLE ENERGY INVESTMENTS

Özcan, a graduate of Gazi University Civil Engineering, focused his career in the field of EPC (Engineering, Procurement and Construction). He gained extensive EPC experience including bid preparation, engineering, procurement, field installation, construction, testing and commissioning processes by working on strategic projects at leading companies such as STFA, Bechtel, Enka, Gama and Rönesans. In his new role at Enerjisa Üretim, he manages the planning, execution and commissioning processes of renewable energy power plant investments such as wind and solar.

TÜLİN SAĞUL

TÜLİN SAĞUL

AUDIT LEADER

Tülin Sağul graduated from Marmara University, Department of Economics in English. She previously worked in various positions at Akçansa and Sabancı Holding respectively, and also as an auditor at EY. In April 2019, she joined Enerjisa Üretim. Sağul has 29 years of work experience. She is married with one child. Her hobbies include basketball, sculpture making and jewelry design.

Committees and Policies

Our Committees: Strategic Contributions to Decision-Making Processes

At Enerjisa Üretim, a strong governance structure and effective decision-making mechanisms play a vital role in achieving our sustainable growth objectives. In this context, we have a number of committees operating across various fields. Below are several key committees, particularly those linked to audit and oversight functions. Each contributes meaningfully to our strategic goals, drawing on their areas of expertise.

Innovation Committee

This committee is responsible for coordinating activities that maximize the value added to the organization through innovative projects falling outside of conventional procurement processes. It ensures the establishment of necessary systems, maintains communication with internal and external stakeholders, records all processes, and facilitates the connections required for implementation.

Audit Committee

Focused on enhancing transparency, this committee oversees the company’s financial reporting, internal controls, and independent audit functions. It ensures internal audit operations are conducted independently and reports directly to the Board of Directors.

Sustainability Steering Committee

Chaired by the CEO and including the CFO, Assistant General Manager of Operations & New Technologies, Assistant General Manager of Operations & Supply Chain, Assistant General Manager of People & Culture, and an independent member, this committee is responsible for setting sustainability goals, allocating resources, and overseeing monitoring processes.

Sustainability Management Committee

This committee works to ensure effective execution of sustainability initiatives across operational regions. It evaluates strategic and policy trends and coordinates the integration of targets into business plans. It is chaired by the Director of Asset Management and Sustainability.

Risk Management Committee

This committee meets regularly to monitor commercial risks and evaluate cross-border energy trading activities. Members include the CFO, Assistant General Manager of Commodities, Assistant General Manager of Strategy & Portfolio Management, and the Risk Culture Leader.

Risk Leadership Committee

Shapes the organizational structure and risk culture of the company and leads the creation of company-wide risk management strategies. Identifies systemic risks, ensures that long-term strategies are evaluated in light of these risks and guides risk management practices.

Commercial Risk Committee

Ensures the effective assessment and management of market, credit, operational, and financial risks arising from the company’s commercial activities. It approves changes to risk procedures, sets risk limits, evaluates the introduction of new products and market entries, and enhances commercial risk awareness.

Technical Risk Committee

Established to identify technical risks and opportunities associated with the asset lifecycle including the development, operation, and decommissioning of power plants and the Synchronous Center Control Room. Members include the CEO, Assistant General Manager of Operations & New Technologies, Assistant General Manager of Operations & Supply Chain, and the Director of Asset Management and Sustainability.

Asset & Liability Committee

Formed to monitor and manage financial risks, this committee evaluates matters such as deposits, borrowings, and currency/interest rate risk. Action plans are developed in line with the company’s risk appetite.

Komiteler ve Politikalar
Komiteler ve Politikalar

Our Corporate Policies: A Responsible and Sustainable Management Approach

At Enerjisa Üretim, we prioritize ethics, social responsibility, and sustainability at every stage of our business processes. Through a comprehensive set of corporate policies covering business ethics, human rights, integrated management systems, and occupational health, we embrace a sustainable management philosophy throughout all our operations. These guiding policies and procedures shape how we conduct our business and support our commitment to effective, transparent, and accountable operations. In line with our transparency principle, we share the following key policy documents publicly as part of our comprehensive corporate framework:

Code of Business Ethics

We ensure all employees and stakeholders act with integrity, transparency, and accountability. Mechanisms for reporting ethical concerns are managed with strict confidentiality.

Click here to read the policy

Compliance Handbook

This document outlines the compliance principles,rights, and responsibilities of all employees within the Enerjisa Üretim structure and its subsidiaries. It reflects the shared values of Hacı Ömer Sabancı Holding (H.Ö. Sabancı Holding/SAHOL) Ethics Rules (SA-Ethics) and E.ON Compliance Rules, and aligns with relevant regulations (e.g., Competition Law, Energy Market Regulatory Authority, and Personal Data Protection).

Click here to read the policy

People & Culture Policy

We are committed to creating a fair, safe, and supportive work environment centered around diversity, inclusion, equity, and employee wellbeing.

Click here to read the policy

Social Responsibility Policy

Through this policy Enerjisa Üretim aims to address the needs of individuals and communities by acting responsibly and respecting human rights.

Click here to read the policy

Open Door Policy

We foster a two-way communication culture that encourages feedback, allowing all employees to share their thoughts directly with their managers.

Click here to read the policy

Zero Tolerance Policy Against Violence and Harassment

We are committed to providing all employees and stakeholders with a respectful, equitable, inclusive, and safe workplace. We strictly oppose all forms of violence and harassment and stand firmly against discrimination and inequality. We conduct training, establish support mechanisms, maintain confidentiality, and cultivate a violence-free organizational culture.

Click here to read the policy

Business Continuity Management Policy

We implement business continuity plans to ensure our operations continue even in times of crisis. In 2024, we certified this process with ISO 22301 (Business Continuity Management System).

Click here to read the policy

Integrated Management Systems Policy

We aim for operational excellence by establishing integrated systems in the areas of quality, environment, occupational health and safety, energy, and asset management.

Click here to read the policy

Information Security Management Policy

We safeguard the confidentiality, integrity, and accessibility of our information assets in compliance with ISO 27001 (Information Security Management System) to maintain business continuity.

Click here to read the policy

Privacy Policy

In line with our legal obligations regarding personal data protection, we prioritize user privacy, collecting data for specific, legitimate purposes and processing it securely.

Click here to read the policy

Enterprise Risk Management Policy

Our risk management approach is integrated into all business processes, enabling us to effectively navigate uncertainties while pursuing our strategic objectives and delivering sustainable value to our stakeholders.

Click here to read the policy

Personal Data Protection and Processing

To ensure the confidentiality, integrity, and security of personal data, we apply a transparent and compliant structure that includes the Personal Data Protection and Processing Policy, Personal Data Retention and Disposal Policy, Policy on Protection and Processing of Sensitive Personal Data, Procedure for Receiving, Evaluating, and Responding to Data Subject Requests, and the Request Form.

Click here to read the policy

Human Rights Policy

Through this policy, Enerjisa Üretim aims to establish a workplace and business environment that respects and protects the rights of all individuals and communities while promoting a culture of respect, integrity, and dignity.

Click here to read the policy

Environmental, Social, and Governance (ESG) Policy

We embed ESG principles into all our activities, placing climate action, the transition to renewable energy, human rights, fair working conditions,and transparent and ethical governance at the heart of our business model. We pursue our sustainability goals with a mindset of continuous improvement, transparency, and community value creation alongside all our employees.

Click here to read the policy
Risk Yönetimi Görseli

Risk Management

At Enerjisa Üretim, we adopt an approach that not only manages risks but transforms them into opportunities. By integrating our Risk Management processes with our strategic objectives, we support the long-term success and sustainable growth of our company. Through systematic and analytical methods, we bring uncertainties under control and strengthen our decision-making processes.

Our Risk Management Approach

Our Enterprise Risk Management team works in close collaboration with all departments across the company to identify, analyze, monitor and manage operational and value chain risks. By evaluating the risks associated with climate change and other sustainability factors within our portfolio, we enable the direct observation and management of our impact.

As of 2024, financial volatility, operational risks, and uncertainties arising from climate change have been assessed using advanced modelling techniques, enhancing our overall risk management capacity. In this context:

Potential impacts of financial and operational risks have been quantitatively analyzed under numerous possible scenarios using Monte Carlo Simulations. This method allows us to estimate the effects of these risks on EBITDA , cash flow, and net income with 90% confidence intervals, thus providing measurable insights into how uncertainties may influence decision-making.

Scenario analyses have been employed to evaluate the company’s resilience to climate change, market fluctuations, and regulatory changes, shaping our sustainability-focused strategies.

Our Technical Risk Management team works to identify and eliminate risks that could pose harm to people or the environment, lead to regulatory non-compliance, or reduce plant availability, while also identifying value-generating opportunities. Risk identification is carried out using internal (process-based) and external (ISO, credit providers, consultants, insurers, etc.) inputs through a 3-Tier Risk Assessment Approach (5*5 Risk Assessment Matrix).

Risk Yönetimi Görseli

[2] EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)

How We Manage Risks?

We conduct our risk management processes with a data-driven approach supported by in-depth analysis and simulations. In this regard, we categorize risks into five key areas, ensuring strategic coherence:

1. Financial Risks: We manage energy market volatility, exchange rate fluctuations, interest rate changes, and credit risks through proactive financial modelling and hedging strategies.
2. Business Continuity Risks: We develop comprehensive business continuity plans to address potential technical failures at generation facilities, disruptions in maintenance processes, and supply chain interruptions. Through our Business Continuity Committee, we also manage risks related to natural disasters, technological failures, and logistical breakdowns.
3. Technical Risks: Technical Risk Management unit oversees actual/potential risks arising from barriers to optimal asset utilization. These include matters related to process safety, occupational health and safety, environmental and social concerns, compliance, reputation, and financial targets. The impact of technical risk is assessed not only in operational terms, but also in relation to financial performance and business continuity.
4. Enterprise Risks: Through our Risk Leadership Committee, we steer the company’s overarching risk management strategy and focus on systemic risks. Our Enterprise Risk Committee works to shape our risk culture and address strategic risks.This includes broad risk assessments covering reputational, legal and regulatory, procurement, IT, and human resources risks.
5. Commercial Risks: Our Commercial Risk Committee manages risks arising from proprietary trading activities. This involves analyzing counterparty and receivables risks, maturity mismatch risks, market risks, regulatory compliance, and trading operations risks.

Risk Management Organization and Culture

We adopt a holistic view of risk management, combining technical and methodological approaches with efforts to foster risk awareness across our corporate culture Established in 2022, our Risk Leadership Committee enables more effective discussion and coordination of strategic and systemic risks. Within this framework, we identify, analyze, and manage risks and opportunities that may affect our operational, strategic, and financial plans. While our Technical Risk Management Department oversees technical risks, our integrated risk approach is further reinforced through the Enterprise Risk Management, Commercial Risk Management, Financial Risk Management, and Business Continuity departments under the umbrella of our Risk Culture organization. Analyses are reviewed by the relevant committees and integrated into action plans accordingly.

We maintain a robust process for identifying, assessing, and managing environmental dependencies, impacts, risks, and opportunities across our operations, suppliers, financed activities, customers, and assets. By mapping key suppliers, we ensure a multidisciplinary and company-wide integration of risk and opportunity management across short, medium, and long-term horizons. All risk management procedures are audited by the Enterprise Risk Management (ERM) and Technical Risk Management Departments.

With the launch of our Kutup Yıldızı (North Star) system in 2024, we have taken a visionary step towards operational excellence. The system integrates key operational processes such as Technical Risk Management, Change Management, Budgeting, Project and Document Management across our power plants, enhancing consistency and transparency in budgeting, optimizing risk management, fostering cross-functional collaboration, enabling realtime risk monitoring, and driving continuous improvement and innovation. This system also enables early identification of risks stemming from technical changes, informs budget decisions with risk data, and ensures full transparency in project management and documentation processes.

Sigorta

We use big data analytics and advanced technology-assisted modelsk to detect risks at an early stage in our audit processes.

Insurance

Enerjisa Üretim implements an effective insurance management strategy to protect its assets and operations. Through comprehensive insurance programs covering both operational and construction phases, we provide protection against various risks, including property damage, business interruption, machinery breakdown, terrorism, thirdparty liability, cyber risks, and directors’ liability. The company conducts regular risk assessments to determine necessary coverage and works closely with brokers and reinsurers to optimize the premium-coverage balance. Furthermore, claims arising during the year are managed swiftly and efficiently, from initial notification through to compensation, thereby supporting business continuity. Looking ahead, the company aims for continuous improvement by taking into account new risks and changing market conditions in line with its expanding investment portfolio.

Internal Audit Activities

At Enerjisa Üretim and its subsidiaries, we continuously assess the effectiveness and adequacy of internal control systems. Our Internal Audit Department operates with an independent, objective, and value-adding approach. We assume responsibility across four key areas: audit activities, consultancy services, ethical investigations, and management systems certification processes. We report our audit activities directly to the Audit Committee, which consists of two members of the Board of Directors.

In 2024, five meetings were held with the participation of Internal Audit management and Audit Committee members, during which audit strategies, findings, and follow-up actions were evaluated.

Conduct of Audit Activities

Through internal audit activities, we provide assurance to the Board of Directors via the Audit Committee. Our Internal Audit Department conducts regular annual risk assessments to determine the scope of audits for the following year based on our audit universe. The annual audit plan is then implemented with the approval of the Audit Committee and Board of Directors.

We use advanced analytical techniques such as big data analysis and anomaly detection in our audit processes to conduct comprehensive evaluations. Data Analytics unit performs in-depth reviews using various analytics software, while also automating internal control scenarios for continuous monitoring.

In 2024, we conducted a total of 16 internal audits covering areas such as investments, energy trading, information technologies, corporate finance, compliance, and technical risk management. In addition, we performed on-site audits at 14 different power plants to strengthen the effectiveness of field audits and gain closer insights into operations, allowing us to carry out our audit processes in a more data-driven, proactive, and inclusive manner.

We share our audit findings with relevant function managers, develop corrective action plans, and present auditor opinions regarding the effectiveness of internal controls. These action plans are tracked in realtime by all relevant managers and employees via the system-based Internal Audit Module, with significant matters shared throughout the same process.

Consulting Services

Beyond auditing, our Internal Audit Department also acts as a strategic partner, contributing to the company’s decision-making processes through consultancy services.

Throughout the year, the Board of Directors, Audit Committee, and leadership team may request deeper analysis of specific business processes or assessments of internal control effectiveness. In such cases, the Internal Audit Department conducts the relevant work, offering valuable insights and supporting process efficiency. To further strengthen business continuity, we have developed comprehensive continuity plans and training resources. We also conduct regular field visits to assess environmental impacts, ensure compliance with environmental legislation, and evaluate legal permits and potential sanctions related to soil, air, and water.

Our Internal Audit Department contributes to enhancing the effectiveness of internal control mechanisms through in-depth analyses in the areas of Environmental, Social, and Governance (ESG). It also plays an advisory role, helping to strengthen governance processes. Going beyond traditional audit activities, we actively participate in corporate social responsibility initiatives and process improvement efforts across the company. Rather than solely focusing on risk-based evaluations, we act as a guiding partner in fortifying critical processes that support the organization’s development.

Compliance with International Standards and Management Systems

At Enerjisa Üretim, we place great importance on aligning with international standards in line with our principles of sustainable growth, operational excellence, and corporate governance. In this context, the governance and coordination of certification processes related to management systems defined by the International Organization for Standardization (ISO) are conducted by the Internal Audit Department in full compliance with global Internal Audit Standards. This compliance is validated every five years through an independent Quality Assurance Review.

In the most recent assessment held in 2023, we received a ‘Compliant’ rating across all standards the highest score achievable In 2024, we took our commitment to management systems even further by earning the Business Continuity Management System (ISO 22301) certification, bringing our total number of management system certifications to seven.

Throughout the year, we successfully completed 10 external audits conducted by accredited organizations, with zero major or minor nonconformities identified during these reviews. These results underscore our full compliance with management systems and our effective execution of a continuous improvement mindset.

The management system certifications held by Enerjisa Üretim are as follows:

  • ISO 9001 – Quality Management System (20 Power Plants, ESA Office, ETS Office, Senkron Digital, Amsterdam Office)
  • ISO 14001 – Environmental Management System (20 Power Plants, ESA Office)
  • ISO 22301 – Business Continuity Management System (ESA Office)
  • ISO 27001 – Information Security Management System (24 Power Plants, ESA Office, Senkron Digital, Amsterdam Office)
  • ISO 45001 – Occupational Health and Safety Management System (20 Power Plants, ESA Office)
  • ISO 50001 – Energy Management System (11 Power Plants, ESA Office)
  • ISO 55001 – Asset Management System (20 Power Plants, ESA Office)

We remain committed to strengthening our management systems, enhancing our processes in line with international best practices, and supporting our goals for sustainable growth.