CDP 2013 Investor CDP 2013 Information Request … 2013 Investor CDP 2013 Information Request ......

Carbon Disclosure Project CDP 2013 Investor CDP 2013 Information Request

VESTEL ELEKTRONİK SANAYİ VE TİCARET A.Ş.

Module: Introduction

Page: Introduction

0.1

Introduction Please give a general description and introduction to your organization Operating in the fields of consumer electronics, white goods and information technologies with its more than 12,000 employes, Vestel Group of Companies (Vestel), which is the flagship of Zorlu Group, comprises of 26 companies, 13 of which are abroad. Vestel is one the largest consumer electronics and white goods producers in Turkey and Europe. The Company‟s manufacturing facilities are located in Manisa, Turkey and Alexandrov, Russia. The Company enjoys economies of scale which results in productivity, efficiency, and cost advantages by undertaking the majority of its manufacturing within a single 600 thousand square meter area, namely Vestel City, the largest industrial complex in Europe. Vestel Elektronik was established in 1983 and is mainly engaged in production of televisions, set-top-boxes, display panels, touch screens, tablets. The Company is among the leading ODMs ( Original Design Manufacturers ) in World Wide LCD TV market, as ranked #4 in Q1 2013 (#8 in 2011, #4 in 2012), while enjoys being one of the three major players in the domestic LCD TV market with its well-known Vestel brand. The strategic importance given to R&D has a key role in Vestel‟s ability to reach the fast rate of growth and strong competitive position the Company enjoys today. Vestel has improved its superior production technology and design development capability continuously though its team of 800 engineering professionals employed in its R&D centers. The Company is attracting increasing attention with its modern consumer friendly and innovative products. Vestel designs its products and manufacturing processes to maximize productivity, while making a special effort to protect the nature and raise environmental awareness. Vestel places its “friendly technology” concept at the center of its brand culture, strengthening its innovative power with consumer and environmentally friendly products. Underlying Vestel‟s unique, pioneering designs and innovative products is the Company‟s mission to leave a habitable world for future generations while envisioning the technology of the future. Vestel continually strives to minimize all negative impacts on the environment with its new products and targets to increase its R&D investments toward the direction of sustainable innovation.

0.2

Reporting Year Please state the start and end date of the year for which you are reporting data. The current reporting year is the latest/most recent 12-month period for which data is reported. Enter the dates of this year first.

We request data for more than one reporting period for some emission accounting questions. Please provide data for the three years prior to the current reporting year if you have not provided this information before, or if this is the first time you have answered a CDP information request. (This does not apply if you have been offered and selected the option of answering the shorter questionnaire). If you are going to provide additional years of data, please give the dates of those reporting periods here. Work backwards from the most recent reporting year. Please enter dates in following format: day(DD)/month(MM)/year(YYYY) (i.e. 31/01/2001).

Enter Periods that will be disclosed

Sun 01 Jan 2012 - Mon 31 Dec 2012

0.3

Country list configuration Please select the countries for which you will be supplying data. This selection will be carried forward to assist you in completing your response

Select country

Turkey

0.4

Currency selection Please select the currency in which you would like to submit your response. All financial information contained in the response should be in this currency. TRY

0.6

Modules

As part of the request for information on behalf of investors, electric utilities, companies with electric utility activities or assets, companies in the automobile or auto component manufacture sectors, companies in the oil and gas industry and companies in the information technology and telecommunications sectors should complete supplementary questions in addition to the main questionnaire. If you are in these sectors (according to the Global Industry Classification Standard (GICS)), the corresponding sector modules will not appear below but will automatically appear in the navigation bar when you save this page. If you want to query your classification, please email [email protected]. If you have not been presented with a sector module that you consider would be appropriate for your company to answer, please select the module below. If you wish to view the questions first, please see https://www.cdproject.net/en-US/Programmes/Pages/More-questionnaires.aspx.

Further Information

VESTEL Electronics is the TV manufacturing plant of VESTEL Group of Companies. Employing more than 5000 people, VESTEL‟s production facilities are located in MANISA in Turkey. With 256.000 m2 of enclosed space, it has a total annual production capacity of 15 million units. VESTEL Electronics has 5

Chassis Producti Final Assembly Manufacturing at the highest quality standards requires discipline as well as knowledge and experience. Total Productive Maintenance approach implemented throughout the manufacturing process improves efficiency and productivity in all areas, making VESTEL a World Class Manufacturer.

Attachments

https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/InvestorCDP2013/Introduction/Company Introduction.pdf

Module: Management [Investor]

Page: 1. Governance

1.1

Where is the highest level of direct responsibility for climate change within your company? Individual/Sub-set of the Board or other committee appointed by the Board

1.1a

Please identify the position of the individual or name of the committee with this responsibility

The highest level of direct responsibility for climate change rests with Mr. İhsaner Alkım, who is a member of the Executive Board responsible for top level management of all environmental, energy, and social responsibility issues.

1.2

Do you provide incentives for the management of climate change issues, including the attainment of targets? Yes

1.2a

Please complete the table

Who is entitled to benefit from these

incentives?

The type of incentives

Incentivized performance indicator

All employees Recognition (non-monetary)

Employees can submit ideas for new environmental programs, and are eligible to receive spot awards such as gifts for coming up with ideas that enhances the company's overall environmental performance, including those that result in greenhouse gas emissions reductions according to TPM Suggestion&Appreciation Evaluation System.

Further Information

VESTEL ELECTRONICS is continue to impelement TPM (Total Productive Maintenance) program and was awarded by Japan Institute of Plant Maintenance at the end of 2012. In the framework of this program , Vestel slogan comes from the fact that Vestel is friend to its employees, customers,suppliers, share holders, the community and beyond all, mother earth. Vestel Electronics started TPM program to avoid any sacrifice of quality while remaining competitive. In accordance with this aims, Vestel mainly focused on following items: Reducing number of work accidents, Increasing production capacity (OEE), Decreasing unit cost ,Increasing First time true rate, Reducing Scrap rate, Decreasing Breakdowns, Decreasing Service Call Rate, Reducing Maintenance Costs , Decreasing spare part stocks and usage cost, Improving Time to delivery, Shortening lead times on all processes, Decreasing Setup times, Becoming a benchmark plant in 5S achievement and creating a better working environment, Reducing Energy use, Increasing Number of suggestions, Reducing Environmental pollution, Reducing Consumable material usage. These aims can serve reducing carbon disclosure;directly or indirectly. In order to reach these goals, VESTEL builds up 9 committees and Suggestion and Appreciation System all around the factory. Then,VESTEL identified and set the rules for evaluation and awarding. The summary of VESTEL Suggestion and Appreciation System can be seen attached.

Attachments

https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/InvestorCDP2013/1.Governance/VESTEL_SUGGESTION_EVALUATION_GUIDE_SUMMARY.pdf

Page: 2. Strategy

2.1

Please select the option that best describes your risk management procedures with regard to climate change risks and opportunities Integrated into multi-disciplinary company wide risk management processes

2.1a

Please provide further details The risk management procedure related to climate change risks and opportunities basically involves consideration of regulatory and reputational risks, which may have the highest impact on the demand for our products (prioritization criteria). The procedure is mostly influenced by the climate change awareness among the top-level management and the requests/feedback of our consumers and retailers concentrating more on climate change/energy efficiency related performance. The assessment of risks is mainly relying on monitoring of environmental data related to climate change such as GHG emissions and emission intensity (i.e. GHG emissions per product) which is being collected and processed by the Management Systems unit. Chief of Management Systems regularly reports to the responsible executive board member and observed risks (if any) are being discussed by the Board and actions are being defined by the top management. The major environmental and energy performance reporting including performance related to climate change is done by our ISO 14001 Environmental Management representative and ISO 50001 Energy Management Representative at the annual screening meeting. However, chief of Management Systems and Facility Energy Manager have continuous and direct communication with the responsible executive board member for matters that require earlier consideration. There also the Audit Committee, operating under Zorlu Holding, implementing audits also on our environmental and energy performance, which identifies any problems related to environmental compliance and implementation of environmental strategy. Included in the collected environmental data, the GHG emissions data is presented with Scope 1, Scope 2 and Scope 3 emissions. It means that the risks and opportunities lying in the up-stream and down-stream supply chains are also evaluated, which results in actions such as identifying alternative suppliers, investing in R&D for using of alternative raw materials/production methods, observing the transportation performance etc. With the aim of early detection of risks that may jeopardize company's existence, development, and in order to be able to manage and implement necessary measures, Zorlu Holding's Corporate Risk Management Department commenced -at first quarter of 2012- its operations as support. In this context, to be effective for all of the associated companies operating within Zorlu Holding, Zorlu Risk Policy;Procedure and Enterprise Risk Management framework was prepared. Studies as well as the evaluation of financial risks, operational, environmental technological, etc. are included in the non-financial risks.

2.2

Is climate change integrated into your business strategy? Yes

2.2a

Please describe the process and outcomes Having received significant attention of governments, investors and also individuals over the last decades, the risks associated with the climate change are inevitably affecting the manufacturing industry as well as all industries, although the risks are assumed not to have considerably higher impacts as in the case of energy sector and/or energy intensive industries. As Vestel Electronics, we are placing „environmental sustainability‟ and decreasing the ecological footprint of our products at the core of our business strategy. Furthermore, as being the manufacturer of high technology energy efficient products, which help our consumers to actually reduce their footprint, we have increased awareness on the impacts of climate change on our business. Climate drivers are important factors that we pay attention in building our broad company strategy that addresses; •Caring for the environment and climate starting from the designing phase of our products to the manufacturing phase •Prioritizing investment and expansion in manufacturing of the most energy efficient products in our production portfolio •Increasing RD activities and dedicated budget for developing new production methodologies and products with decreased ecological footprint •Continuously looking for opportunities to reduce waste and enable use of materials suitable for reuse and recycle • Promoting use of new technologies to save energy and to boost energy efficiency in all operations •Raising employees‟ and consumers‟ awareness on environmental protection and energy efficiency •Ensuring effective communication to stakeholders and proper disclosure of environmental and climate performance The basic influence of climate change in our strategy is that we have taken the first step in preparing our company for the impacts by working on understanding how our business activities and investments are affected by climate change and preparing the infrastructure to make it a part of our management culture also by identifying the interdependencies between climate change risks and other risks relevant to our company. Investing in R&D has always been valued by our company, and R&D that is directed to serving for eliminating climate risks, such as developing practices and/or products that improve efficiency and/or eliminate emissions both on the production side and on the consumer side, has become our leading strategy. While building our climate strategy, in the short term, we have started by quantifying our emissions broadly and we are planning to prepare a detailed carbon emission inventory and seek for third party verification. In the medium term, we will also be identifying and quantifying the carbon impacts along our value chain. In the long terms we will be planning for putting targets related to our climate performance. On the product end, our strategy has basically led to manufacturing of Energy Class A TVs and to our decision in expanding business in manufacturing of LED TVs and eco TVs in 2012 by increasing our production capacity. We also spared an unlimited R&D budget for developing products with improved environmental performance. Vestel Electronics, which is already a strong market player, is gaining distinctive competency through implementation of its business strategy, which enables our company to be the manufacturer of most energy efficient products with decreased ecological footprint, which are being preferred by the environmentally conscious consumers, who are increasing with a sharp pace.

2.2b

Please explain why not

2.3

Do you engage in activities that could either directly or indirectly influence policy on climate change through any of the following? (tick all that apply) Direct engagement Trade associations

2.3a

On what issues have you been engaging directly?

Focus of legislation

Corporate Position

Details of engagement Proposed solution

Energy efficiency

Support

We are engaging with policy makers, i.e. Ministry of Environment and Urbanisation, Ministry of Energy and Natural Sources, Ministry of Science, Industry and Technology as an individual company as well as with trade associations. During the EU energy labeling adaptation process in Turkey, Vestel shared its opinions with Ministry of Science, Industry and Technology.

Energy Labeling Regulation is completely supported by Vestel.

Other: Support

We are engaging with Turkish Standards Institution via Mirror Committees. Because Turkish Standards Institution is a member of International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC) on 26 May 1955 and 1 January 1956 respectively, we as Vestel Electronics directly influence the consumer products, energy consumption and environment related standards.

As a major player, by joining Mirror Committees, we support the creation and improvement of the standards.

2.3b

Are you on the Board of any trade associations or provide funding beyond membership? Yes

2.3c

Please enter the details of those trade associations that are likely to take a position on climate change legislation

Trade association

Is your position

on climate change

consistent with

theirs?

Please explain the trade association's position How have you, or are you attempting to influence the

postion?

TESİD Consistent

The Electronic Industries in Turkey are organized in an independent association in order to deal with the common interests of the individual companies. In 2000, due to rapid changes in the high tech industry TESID has decided to widen its scope and include software houses and telecom operators accordingly. MISSION: Leading the Turkish Electronics Industry, Information Technologies and related service sectors towards continuous competitiveness and increasing its contributions to the national economy and the people. VISION: 1. Encouraging and supporting technological creativity to achieve a common goal among universities, industry and the government so that competitive, flexible, productive and high quality goods and services are produced. 2. To support: b) the development of a modern, globally competitive electronics industry. c) the expansion of capacity and productivity as well as the enchancement of the investment opportunities of the industry. d) the improvement of the standard of living of employees, for greater employee satisfaction. 3. Concerning policies, strategies, standards and development within the electronics industry. 4. Supporting the Electronics Industry to develop into a strong, environmentally aware, safety conscious establishment that is an overall positive contributor to the community.

Supporting the Electronics Industry to develop into a strong, environmentally aware, safety conscious establishment that is an overall positive contributor to the community.

TÜRKBESD Consistent

White Goods Manufacturers‟ Association of Turkey, whose acronym is TÜRKBESD, was established in 1986 as White Goods Manufacturers‟ Association (BESD) by the leading white goods companies of the sector. In 1999, following its membership to the European Union‟s senior organization of the field CECED (European Committee of Domestic Equipment Manufacturers), the association received permission to use “Turkey” in its name through a Cabinet of Ministers decree, and changed its name to White Goods Manufacturers‟ Association of Turkey (TÜRKBESD). Currently, the association has six members: Arçelik, B/S/H,

Vestel is one of the board members of TURKBESD and works close with other members to drive TURKBESD policies related with energy efficiency, environmental compliance regulations. For instance, recent studies are about the determining control and collect methods of waste electrical and electronic equipments via directives such as AEEE.

Trade association

Is your position

on climate change

consistent with

theirs?


postion?

Candy Group, Demirdöküm, Indesit, and Vestel. The association represents approximately 90-91% of the sector. Additionally, TÜRKBESD represents Turkey at CECED (European Committee of Domestic Equipment Manufacturers), which is a platform where home appliance manufacturers in the European Union come together to make decisions. The efforts in the EU are pursued through this membership, and specialist technical personnel of the member companies participate in the technical committee works of the said organization. When needed and requested, the association makes statements to the relevant ministries, NGOs and media (Ministry of Science, Industry and Technology, Ministry of Environment and Urban Planning, Ministry of Energy and Natural Resources, Ministry of Economy, Ministry of Customs and Trade, General Directorate for the Protection of Consumers and Competition, the Union of Chambers and Commodity Exchanges of Turkey, Undersecretariat of Foreign Trade, Central Bank of the Republic of Turkey, TUSIAD [Turkish Industry and Business Association]).

TUBİSAD Consistent

TUBISAD is representing the strongest collective voice of the companies operating in Information and Communications Technology (ICT) and New Media sectors. Over 200 active member companies of TUBISAD are governing an economic volume of annually 40 billion USD in Turkey. The primary mission of TUBISAD is to foster ICT in becoming the fundamental sector contributing to Turkey‟s economic growth and to promote collective interests of the member companies while abiding by universal values and maintaining its independency. TUBISAD‟s Member of Board combines 21 direct and 8 deputy members from the leaders of the Turkish ICT sector. Activities and Services 1 - Impact on Sectoral Policies ◦Increasing the level of support for innovation ◦Fostering the development of medium sized enterprises

Vestel is board member of Tubisad and drives/supports Tubisad environmental/climate change policy via Government Relations Committee.The objectives are following-up regulatory policy changes and developments related to the ICT sector, submitting collective opinion of the sector on improvement opportunities. Regulatory Policy Committee is supported by the following working groups each focusing on the related regulatory policies concerning the ICT sector; • Hardware Industry Regulations • European Union Alignment and Relations with DIGITALEUROPE • Environmental Regulations • Consumer Law • E-Invoice • Government Incentives related to ICT

Trade association

Is your position

on climate change

consistent with

theirs?


postion?

◦Facilitating standardization of regulations imposed on taxation and foreign trade and auditing of compliance with them ◦Advocating widespread compliance with the copyright protection laws ◦Increasing the number of public services offered via electronic platforms ◦Supporting environment-friendly technologies 2 - Increasing Publicity and Awareness about the Sector ◦Creating awareness about the economic importance of the sector ◦Announcing nationwide and international success stories ◦Communicating collective objectives of the sector ◦Building strong relationships with the local and foreign press 3 - Sectoral Growth and Profitability ◦Development of local value added solutions and services ◦Launching sectoral standards, certification programmes and regulations ◦Fostering high quality in education and employment ◦Establishing proper conditions for fair competition ◦Fostering export sales of technological products and services ◦Enabling collaboration and information sharing among companies in sector 4 - Center for Reliable Commercial and Intellectual Information ◦Reliable sectoral data creation and sharing ◦Performing sectoral data analysis and market research ◦Informing the society about sectoral trends and estimates

EU Trade Associations

Consistent

Vestel Electronics has membership on Trade Associations of some European countries via its sales offices i.e. Vestel Germany, Vestel UK, Vestel France, Vestel Italy, Vestel Iberia which are located in these countries.

We are engaging with European countries' policy makers by sharing our comments via Vestel sales offices.

2.3d

Do you publically disclose a list of all the research organizations that you fund?

2.3e

Do you fund any research organizations to produce public work on climate change?

2.3f

Please describe the work and how it aligns with your own strategy on climate change

2.3g

Please provide details of the other engagement activities that you undertake

2.3h

What processes do you have in place to ensure that all of your direct and indirect activities that influence policy are consistent with your overall climate change strategy? We are engaging with policy makers, i.e. Ministry of Environment and Urbanisation, Ministry of Energy and Natural Resources, Ministry of Science,Industry and Technology, Turkish Standards Institution as an individual company and also through TESID (Turkish Association of electronics and Information Industries), TURKBESD (Turkish White Goods Manufacturers' Association) , TUBISAD (Informatics Industry Association) and European countries' trade associations via Vestel sales offices. We have been invited by the Climate Platform, which we welcomed as it presents us the opportunity to engage in climate change issues within a network of companies having increased awareness. Our engagement with policy makers is mainly providing our feedback on transposition and/or implementation of relevant EU Directives. We have been advocating all actions that serve for improving the environmental performance required from our sector both related to manufacturing processes and the products themselves. We were the first company to have complied with the EU Directives relevant for our sector that encourages improving products energy efficiency and we have given our feedback many times in the process of aligning our legislation with the EU including, Energy Related Products(ErP) Eco-Design Directive, Energy Labeling Directive, Waste Electrical and Electronic Equipment (WEEE) Directive and Restriction Of The Use Of Certain Hazardous Substances (RoHS) Directive.

2.3i

Please explain why you do not engage with policy makers

Further Information

Page: 3. Targets and Initiatives

3.1

Did you have an emissions reduction target that was active (ongoing or reached completion) in the reporting year? Absolute target

3.1a

Please provide details of your absolute target

ID

Scope

% of emissions in scope

% reduction from base

year

Base year

Base year emissions

(metric tonnes CO2e)

Target year

Comment

TAS12 Scope 1+2

100% 10% 2010 53176.15 2020 Years are both fiscal, that is base year is FY2010 and target year is FY2020.

3.1b

Please provide details of your intensity target

ID

Scope

% of emissions in

scope

% reduction from base year

Metric

Base year

Normalized base year emissions

Target year

Comment

3.1c

Please also indicate what change in absolute emissions this intensity target reflects

ID

Direction of change anticipated in absolute Scope 1+2 emissions at

target completion?

% change anticipated in absolute Scope 1+2

emissions

Direction of change anticipated in absolute Scope 3 emissions at target

completion?

% change anticipated in absolute Scope 3

emissions

Comment

3.1d

Please provide details on your progress against this target made in the reporting year

ID

% complete (time)

% complete (emissions)

Comment

TAS12 20% 0% Vestel Electronics decided to takeover and merge with Vestel Digital has 60.000m2 area and 1000 employee. This merge operation naturally caused a significant increase in the energy consumption of Vestel Electronics. Therefore we couldn't catch the sub-target in 20% time period (2012) of the total target time(2020).

3.1e

Please explain (i) why not; and (ii) forecast how your emissions will change over the next five years

3.2

Does the use of your goods and/or services directly enable GHG emissions to be avoided by a third party? Yes

3.2a

Please provide details (see guidance) Our company manufactures high technology LED TVs which are able to achieve 80 % energy savings compared to LCD TVs. Considering that there are 18 million houses in Turkey and assuming each has minimum 1 TV in operation for 5 hours every day, exchanging all these TV units with Vestel TVs would save up to 1,000 GWh energy which corresponds to an GHG emission reduction of 617,000 tCO2e.

3.3

Did you have emissions reduction initiatives that were active within the reporting year (this can include those in the planning and implementation phases) Yes

3.3a

Please identify the total number of projects at each stage of development, and for those in the implementation stages, the estimated CO2e savings

Stage of development

Number of projects

Total estimated annual CO2e savings in metric tonnes CO2e (only for rows marked *)

Under investigation

To be implemented*

Implementation commenced* 1 77.13

Implemented* 8 10667.15

Not to be implemented

3.3b

For those initiatives implemented in the reporting year, please provide details in the table below

Activity type

Description of activity

Estimated annual CO2e

savings (metric tonnes CO2e)

Annual monetary savings (unit currency - as

specified in Q0.4)

Investment required (unit currency - as

specified in Q0.4)

Payback period

Energy efficiency: Processes

Heat jackets projects for Injection machines 815.62 237946 17136 <1 year


External oil cooling pump project for Injection machines 562.95 164228 81000 <1 year


Air Absorption Conditioning Project for Free Cooling Chillers

199.91 58320 23220 <1 year


Combining of Plastic Factories 7904.99 2280530 534000 <1 year


Plastic Injection B1 zone free cooling application 457.15 121364 105600 <1 year


Energy saving project at Board production factory automatic insertion machines' ovens

10.72 3093 500 <1 year


Steam Injection cooling towers pump automation project

89.79 20233 10000 <1 year


Steam injection saving project by steam-hall optimization

626.65 103720 82000 <1 year

Energy efficiency: Building services

LED armature project 77.13 22250 92000 4-10 years

3.3c

What methods do you use to drive investment in emissions reduction activities?

Method

Comment

Compliance with regulatory requirements/standards

We are continuously monitoring compliance with Energy related Products (ErP) Eco-Design Directive, Energy Labelling Directive, Waste Electrical and Electronic Equipment (WEEE) directive and Restriction Of The Use Of Certain Hazardous Substances (RoHS) Directive along with other relevant national environmental regulations.

Method

Comment

Dedicated budget for energy efficiency

We have implemented many projects that improved our energy efficiency such as processes energy efficiency ( plastic factory processes improvements, snowbox factory processes improvements etc.)

Dedicated budget for low carbon product R&D

We have invested in R&D related to development of our LED TV product and also in R&D which has led to elimination of an emission/energy intensive step which used to be employed in soldering (Pin in Paste) process.

Employee engagement Based on our TPM project framework , we have provided all employees to attend environmental improvement activities with suggestion evaluation and appreciation recognazition system which has over 700.000 TRY investment cost .

3.3d

If you do not have any emissions reduction initiatives, please explain why not

Further Information

Page: 4. Communication

4.1

Have you published information about your company’s response to climate change and GHG emissions performance for this reporting year in places other than in your CDP response? If so, please attach the publication(s)

Publication

Page/Section reference

Attach the document

In voluntary communications (complete)

p.98-133 https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/Investor-4.1-C3-IdentifytAttachment/Investor-4.1-PublishedInformation1/UNglobalcompact-2012.pdf

In mainstream financial p.40 p.44-45 https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/Investor-

Publication

Page/Section reference

Attach the document

reports (complete) 4.1-C3-IdentifytAttachment/Investor-4.1-PublishedInformation2/VESTEL_ELECTRONICS_ANNUAL REPORT_2012.pdf


p.4-9 https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/Investor-4.1-C3-IdentifytAttachment/Investor-4.1-PublishedInformation3/Zorlu-Dergi.pdf


p.34-36 p.64 https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/Investor-4.1-C3-IdentifytAttachment/Investor-4.1-PublishedInformation4/Vestel VS Dergi.pdf

Further Information

All files related to publications on Vestel Electronics' response to climate change and GHG emission data have been given in the attached folder (communications VESTEL E.zip) provided in the 'zip' form.

Attachments

https://www.cdproject.net/sites/2013/59/21159/Investor CDP 2013/Shared Documents/Attachments/InvestorCDP2013/4.Communication/Communications VESTEL E.7z

Module: Risks and Opportunities [Investor]

Page: 5. Climate Change Risks

5.1

Have you identified any climate change risks (current or future) that have the potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply Risks driven by changes in regulation Risks driven by changes in physical climate parameters

Risks driven by changes in other climate-related developments

5.1a

Please describe your risks driven by changes in regulation

ID

Risk driver

Description

Potential impact

Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

RTARE Fuel/energy taxes and regulations

We may be exposed to the risk of carbon taxes via our suppliers operating in certain parts of the world, where these taxes expected in the near future.

Increased operational cost

1-5 years Indirect (Supply chain)

More likely than not

Medium-high

RPERS Product efficiency regulations and standards

If we fail to comply with the product efficiency regulations and standards required for selling our products to EU and Domestic Market, there is a risk for us to loose 95% of our market.

Reduced demand for goods/services

Current Direct Very unlikely High

RPLRS Product labeling regulations and standards

If we fail to comply with the product efficiency regulations and standards required for selling our products to EU and Domestic Market, there is a risk for us to loose 95% of our market.


Current Direct Very unlikely High

5.1b

Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk and (iii) the costs associated with these actions ID RTARE: i. We have not determined any financial implications of the risk before taking action. ii. We identify alternative suppliers in our supply chain and invest in R&D studies for developing alternative production methodologies and/or products. iii. We have invested 58 million USD for R&D in 2012. ID RPERS and RPLRS: i. If we loose our share in the EU market we will be losing 75 % of our revenues. ii. We have reorganized our manufacturing processes and product selections to comply

with relevant national and international regulations that could affect our domestic selling and exports. iii. We have invested 200,000 TRY for compliance with EU product efficiency and labeling regulations and standards.

5.1c

Please describe your risks that are driven by change in physical climate parameters

ID

Risk driver

Description

Potential impact

Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

RPCTE Change in temperature extremes

Reduced equipment efficiency due to temperature extremes may affect our manufacturing performance and/or increase our air conditioning costs.

Increased operational cost

Current Direct Unlikely Low-medium

RPOP1 Other physical climate drivers

Extreme weather events may cause delays in product raw material import

Reduction/disruption in production capacity

Current Indirect (Supply chain)

Unlikely Medium-high

RPOP2 Other physical climate drivers

Extreme weather events may cause delays in product exports to countries worldwide.


Current Direct Unlikely Medium-high

5.1d

Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; and (iii) the costs associated with these actions ID RPCTE, RPOP1 and RPOP2: i) Potential financial implications of the risk are hard to determine due to the uncertainty related to such physical phenomena. ii) Our basic approach in managing physical risks due to climate change is to make proper site selection for basing our manufacturing plants. Our major manufacturing plant, covered in this response, is in Manisa, where it is not expected to experience weather extremes and/or impacts from a sea level rise. Another approach we employ in reducing the risks is to identify alternative suppliers in our supply chain. Also we have started Supplier Risk Evaluation System study with Zorlu Holding Risk Management Department. iii) We have not determined the costs associated with such actions.

5.1e

Please describe your risks that are driven by changes in other climate-related developments

ID

Risk driver

Description

Potential impact

Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

RCCOB Changing consumer behaviour

Any failure related to implementation of our environment and climate friendly business strategy and reduced environmental performance in our activities may result in losing of our consumers and our market share.


Current Indirect (Client)

Very unlikely

Low-medium

RREPU Reputation

Our company also sees the risk in failing to actively disclose environment and climate related performance to current and potential investors and therefore affecting our stock prices.

Reduced stock price (market valuation)

Current Direct Very unlikely

Low-medium

5.1f

Please describe (i) the potential financial implications of the risk before taking action; (ii) the methods you are using to manage this risk; (iii) the costs associated with these actions ID RCCOB: (i) If we lose 10 % of our customers both in the domestic market and EU market due to customers not buying our products due to our poor environmental performance this would result in an 10 % decrease in our revenues. (ii) We are continuously investing in new technologies and putting emphasis on making and/or expanding our investments for production of most energy efficient products. We only manufacture A, A+ and A++ class goods. We are putting labels on our products to increase consumers‟ awareness on our environmental performance as well as disseminating such information via our web-site, catalogues and advertising on all media. (iii) We have spent a total of 475 million TRY for disclosure, marketing and advertising in 2012. ID RREPU: (i) If we fail to properly disclose environmental information, this may undermine our company's reputation among investors. This may in turn result in a decline in our stock prices. (ii) We try to fill in every opportunity to disclose our good environmental performance putting emphasis on using global tools to disclose our data such as publishing the UN Global Compact Progress Report and most recently by answering the CDP questionnaire. (iii) We have spent a total of 475 million TRY for disclosure, marketing and advertising in 2012.

5.1g

Please explain why you do not consider your company to be exposed to risks driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure

5.1h

Please explain why you do not consider your company to be exposed to risks driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure

5.1i

Please explain why you do not consider your company to be exposed to risks driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure

Further Information

Page: 6. Climate Change Opportunities

6.1

Have you identified any climate change opportunities (current or future) that have the potential to generate a substantive change in your business operations, revenue or expenditure? Tick all that apply Opportunities driven by changes in regulation Opportunities driven by changes in physical climate parameters Opportunities driven by changes in other climate-related developments

6.1a

Please describe your opportunities that are driven by changes in regulation

ID

Opportunity driver

Description

Potential impact

Timeframe

Direct/Indirect

Likelihood

Magnitude of impact

OPERS

Product efficiency regulations and standards

Our facilities will comply with the "By-Law on Energy Performance of Buildings" and will perform periodic energy audits and performance reporting according to this by-law. This will enable us to identify any energy efficiency improvement.

Reduced operational costs

Current Direct Virtually certain

Medium-high

OPLRS Product labeling regulations and standards

It has become compulsory to label all TVs with EU and Domestic Market energy labels in order to be able to sales to EU countries and domestic market. As a company who has established its production infrastructure ensuring compliance with such expected regulation well ahead of its enforcement, we have gained competitive advantage in our market.

Increased demand for existing products/services

Current Direct Virtually certain

Medium-high

6.1b

Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity and (iii) the costs associated with these actions ID OPERS and OPLRS: i. Assuming that we increase our export capacity by 10 %, our revenues would increase by 8 %. ii. We are closely monitoring such regulatory opportunities especially in the EU market, as our main market, by monitoring all upcoming regulations and standards starting from their drafting. iii. We have invested a total of 200,000 TRY for preparing the technical and administrative infrastructure required for compliance with the EU legislation related to product efficiency and eco-labelling.

6.1c

Please describe the opportunities that are driven by changes in physical climate parameters

ID

Opportunity driver

Description

Potential impact

Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

OCPCP Snow and ice

We have been observing an increased demand for our products during times when weather conditions encourage and/or force people to stay indoors such as snow and ice.



Likely Medium

6.1d

Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity and (iii) the costs associated with these actions ID OCPCP: i) Potential financial implications of the opportunity are hard to determine due to uncertainty related to such physical phenomena. ii) While managing inventory, advertising and sales channels, we also notice this quantity increase caused by weather conditions. iii) Seasonal costs are like high inventory cost and advertising costs.

6.1e

Please describe the opportunities that are driven by changes in other climate-related developments

ID

Opportunity driver

Description

Potential impact Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

OCCOB Changing consumer behaviour

It is observed that the consumers‟ climate awareness is rising every year. As a company building its strategy upon sustainability of natural resources and materials in its operations, and investing in high technology helping to reduce the ecological footprint of its products, we see this as an important opportunity to drive more consumers to buying our products and continue to be an important player and keep our competitiveness in the market. Vestel Electronics is the manufacturer of Eco TVs with reduced power consumption in stand-by and


1-5 years Indirect (Client)

Virtually certain

High

ID

Opportunity driver

Description

Potential impact Timeframe

Direct/ Indirect

Likelihood

Magnitude of impact

operation mode and energy efficient LED TVs.

OREPU Reputation Positive perceptions about VESTELs carbon performance by clients, investors and the general public will enhance its brand equity in the marketplace.

Increased stock price (market valuation)


Very likely Medium

OFSEC

Fluctuating socio-economic conditions

VESTEL is confident that downturns in the economy will cause consumers to want more energy efficient products. This works in VESTEL's favor and will result in increased sales.

Premium price opportunities

Current Direct Very likely Medium-high

6.1f

Please describe (i) the potential financial implications of the opportunity; (ii) the methods you are using to manage this opportunity; (iii) the costs associated with these actions i) We expect that the eco TV and LED TV market share will expand up to 90 % in 2013 and continue to increase to an estimated 100 % in 2015. We also expect that the share of our eco-products will be 100 % in 2015, as we observe from the buying trends, which favor eco-friendly design and energy efficiency. A review of the global market and estimated revenues spanning the years 2010 to 2013, indicates that the LED TV market has rapidly expanded up to 37.3 billion USD in 2012 (when CCFL TV market share estimated to be around 12.3 billion USD) from 18.8 billion USD in 2010 (when CCFL TV market share was 36.5 billion USD) and is expected to reach 9.5 billion USD only in the first quarter of 2013. (ii) We have increased our capacity utilization in making energy-efficient LED TVs from 62% in 2010 to 79% in 2011 and to 100% in 2012. We are focusing on promoting LED TVs and eco TVs, supported by a strengthened sales channels/network for keeping the increasing sales ratio of these products. (iii) We have made investment worth of 61 million USD in our energy-efficient LED TV production plant for business expansion and our R&D investments reached up to 58 million USD in 2012 supported with our „unlimited R&D budget‟ strategy.

6.1g

Please explain why you do not consider your company to be exposed to opportunities driven by changes in regulation that have the potential to generate a substantive change in your business operations, revenue or expenditure

6.1h

Please explain why you do not consider your company to be exposed to opportunities driven by physical climate parameters that have the potential to generate a substantive change in your business operations, revenue or expenditure

6.1i

Please explain why you do not consider your company to be exposed to opportunities driven by changes in other climate-related developments that have the potential to generate a substantive change in your business operations, revenue or expenditure

Further Information

Module: GHG Emissions Accounting, Energy and Fuel Use, and Trading [Investor]

Page: 7. Emissions Methodology

7.1

Please provide your base year and base year emissions (Scopes 1 and 2)

Base year

Scope 1 Base year emissions (metric tonnes

CO2e)

Scope 2 Base year emissions (metric

tonnes CO2e)

Fri 01 Jan 2010 - Fri 31 Dec 2010

1816.31 52608.99

7.2

Please give the name of the standard, protocol or methodology you have used to collect activity data and calculate Scope 1 and Scope 2 emissions

Please select the published methodologies that you use

ISO 14064-1

7.2a

If you have selected "Other", please provide details below

7.3

Please give the source for the global warming potentials you have used

Gas

Reference

CO2 IPCC Fourth Assessment Report (AR4 - 100 year)

CH4 IPCC Fourth Assessment Report (AR4 - 100 year)

N2O IPCC Fourth Assessment Report (AR4 - 100 year)

7.4

Please give the emissions factors you have applied and their origin; alternatively, please attach an Excel spreadsheet with this data

Fuel/Material/Energy

Emission Factor

Unit

Reference

Fuel/Material/Energy

Emission Factor

Unit

Reference

Natural gas 56100 Other: kgCO2 per tJ IPCC (2006)

Natural gas 1 Other: kgCH4 per tJ IPCC (2006)

Diesel/Gas oil 74100 Other: kgCO2 per tJ IPCC (2006)

Diesel/Gas oil 43 Other: tJ/Gg IPCC (2006)

Electricity 617 metric tonnes CO2e per MWh

Turkish Regulation "By-Law on Energy Performance of Buildings"

Steam 267 Other: kgCO2 per t supplier's data and rough emission factors

Heat 0.48 Other: kgCO2 per kcal supplier's data and rough emission factors

Further Information

Page: 8. Emissions Data - (1 Jan 2012 - 31 Dec 2012)

8.1

Please select the boundary you are using for your Scope 1 and 2 greenhouse gas inventory Operational control

8.2

Please provide your gross global Scope 1 emissions figures in metric tonnes CO2e 2490.94

8.3

Please provide your gross global Scope 2 emissions figures in metric tonnes CO2e

56122.15

8.4

Are there are any sources (e.g. facilities, specific GHGs, activities, geographies, etc.) of Scope 1 and Scope 2 emissions which are not included in your disclosure? No

8.4a


Source

Scope

Explain why the source is excluded

8.5

Please estimate the level of uncertainty of the total gross global Scope 1 and 2 emissions figures that you have supplied and specify the sources of uncertainty in your data gathering, handling and calculations

Scope 1

emissions: Uncertainty

range

Scope 1

emissions: Main

sources of uncertainty

Scope 1 emissions: Please

expand on the uncertainty in your data

Scope 2


range

Scope 2

emissions: Main


Scope 2 emissions: Please expand on the

uncertainty in your data

More than 5% but less than or equal to 10%

Assumptions Other: Supplier's

We used published default emission factors of IPCC 2006 for natural gas and diesel oil

More than 5% but less than or equal to 10%

Assumptions Other: Supplier's

The national grid emission factor published in the Turkish Regulation "By-Law on Energy Performance of Buildings" was used. The details and the most recent

Scope 1


range

Scope 1

emissions: Main


Scope 1 emissions: Please

expand on the uncertainty in your data

Scope 2


range

Scope 2

emissions: Main


Scope 2 emissions: Please expand on the

uncertainty in your data

data

which have certain uncertainty. We used supplier data related to natural gas consumption.

data

data used for the calculation of this emission factor is not presented in the regulation hence we assume the uncertainty to be not more than 10% by considering the changes in the grid system. We used the supplier's data and rough emission factors for estimating emissions from purchased steam and heat.

8.6

Please indicate the verification/assurance status that applies to your Scope 1 emissions No third party verification or assurance

8.6a

Please indicate the proportion of your Scope 1 emissions that are verified/assured

8.6b

Please provide further details of the verification/assurance undertaken, and attach the relevant statements

Type of verification or assurance

Relevant standard

Attach the document

8.6c

Please provide further details of the regulatory regime to which you are complying that specifies the use of Continuous Emissions Monitoring Systems (CEMS)

Regulation

% of emissions covered by the system Compliance period

Evidence of submission

8.7


8.7a


8.7b



Relevant standard

Attach the document

8.8

Are carbon dioxide emissions from biologically sequestered carbon relevant to your organization? No

8.8a

Please provide the emissions in metric tonnes CO2

Further Information

Page: 9. Scope 1 Emissions Breakdown - (1 Jan 2012 - 31 Dec 2012)

9.1

Do you have Scope 1 emissions sources in more than one country? No

9.1a

Please complete the table below

Country/Region

Scope 1 metric tonnes CO2e

9.2

Please indicate which other Scope 1 emissions breakdowns you are able to provide (tick all that apply) By activity

9.2a

Please break down your total gross global Scope 1 emissions by business division

Business division

Scope 1 emissions (metric tonnes CO2e)

9.2b

Please break down your total gross global Scope 1 emissions by facility

Facility


Latitude

Longitude

9.2c

Please break down your total gross global Scope 1 emissions by GHG type

GHG type


9.2d

Please break down your total gross global Scope 1 emissions by activity

Activity


Stationary Combustion 1389.24

Mobile Combustion 991.53

Generators 110.17

9.2e

Please break down your total gross global Scope 1 emissions by legal structure

Legal structure


Further Information

Page: 10. Scope 2 Emissions Breakdown - (1 Jan 2012 - 31 Dec 2012)

10.1

Do you have Scope 2 emissions sources in more than one country? No

10.1a

Please complete the table below

Country/Region

Scope 2 metric tonnes CO2e

Purchased and consumed electricity, heat, steam or cooling (MWh)

Purchased and consumed low carbon electricity, heat, steam or cooling (MWh)

10.2

Please indicate which other Scope 2 emissions breakdowns you are able to provide (tick all that apply) By activity

10.2a

Please break down your total gross global Scope 2 emissions by business division

Business division


10.2b

Please break down your total gross global Scope 2 emissions by facility

Facility


10.2c

Please break down your total gross global Scope 2 emissions by activity

Activity


Administration 2499.65

Design 2327.26

Production 49657.53

Storage 1637.71

10.2d

Please break down your total gross global Scope 2 emissions by legal structure

Legal structure


Further Information

Page: 11. Energy

11.1

What percentage of your total operational spend in the reporting year was on energy? More than 0% but less than or equal to 5%

11.2

Please state how much fuel, electricity, heat, steam, and cooling in MWh your organization has purchased and consumed during the reporting year

Energy type

MWh

Fuel 9378.66

Electricity 66438.35

Heat 3411.22

Steam 38788.68

Cooling

11.3

Please complete the table by breaking down the total "Fuel" figure entered above by fuel type

Fuels

MWh

Natural gas 6040.16

Diesel/Gas oil 3338.50

11.4

Please provide details of the electricity, heat, steam or cooling amounts that were accounted at a low carbon emission factor

Basis for applying a low carbon emission factor

MWh associated with low carbon electricity, heat, steam or cooling

Comments

No purchases or generation of low carbon electricity, heat, steam or cooling

0 Vestel is located in Manisa Industrial Zone and purchases its energy i.e. electricity, natural gas, heat, steam from Manisa Industrial Zone Energy Facility. For now, there is no low carbon/renewable energy availability in this Industrial Area.

Further Information

Page: 12. Emissions Performance

12.1

How do your absolute emissions (Scope 1 and 2 combined) for the reporting year compare to the previous year? Increased

12.1a


Reason

Emissions value

(percentage)

Direction of change

Comment

Emissions reduction activities

Divestment

Acquisitions

Mergers 3.25 Increase

Vestel Electronics decided to takeover and merge with Vestel Digital has 60.000m2 area and 1000 employee. This merge operation naturally caused a significant increase in the energy consumption of Vestel Electronics. (Note: Mergers and change in boundary reasons increase 6.55% in total. This ratio is intentionally divided to these two reasons.)

Reason

Emissions value

(percentage)

Direction of change

Comment

Change in output

Change in methodology

Change in boundary

3.30 Increase

Vestel Electronics decided to takeover and merge with Vestel Digital has 60.000m2 area and 1000 employee. This merge operation naturally caused a significant increase in the energy consumption of Vestel Electronics. (Note: Mergers and change in boundary reasons increase 6.55% in total. This ratio is intentionally divided to these two reasons.)

Change in physical operating conditions

Unidentified

Other

12.2

Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per unit currency total revenue

Intensity figure

Metric numerator

Metric denominator

% change from

previous year

Direction of change from previous year

Reason for change

0.0000078 metric tonnes CO2e

unit total revenue

1.27 Decrease

Although Vestel Electronics merged with Vestel Digital, this figure has decreased due to studies about reducing carbon emission such as process improvements, designing new processes, TPM Suggestion Evaluation and Appreciation System etc.

12.3

Please describe your gross combined Scope 1 and 2 emissions for the reporting year in metric tonnes CO2e per full time equivalent (FTE) employee

Intensity figure

Metric numerator

Metric denominator

% change from

previous year


Reason for change


FTE employee

17 Decrease


12.4

Please provide an additional intensity (normalized) metric that is appropriate to your business operations

Intensity figure

Metric numerator

Metric denominator

% change from

previous year


Reason for change


unit of production

10.35 Decrease


Further Information

Page: 13. Emissions Trading

13.1

Do you participate in any emissions trading schemes? No, and we do not currently anticipate doing so in the next 2 years

13.1a

Please complete the following table for each of the emission trading schemes in which you participate

Scheme name

Period for which data is supplied

Allowances allocated

Allowances purchased

Verified emissions in metric tonnes CO2e

Details of ownership

13.1b

What is your strategy for complying with the schemes in which you participate or anticipate participating?

13.2

Has your company originated any project-based carbon credits or purchased any within the reporting period? No

13.2a


Credit origination

or credit purchase

Project type

Project identification

Verified to which standard

Number of credits (metric

tonnes of CO2e)

Number of credits (metric tonnes

CO2e): Risk adjusted volume

Credits retired

Purpose, e.g. compliance

Further Information

Page: 14. Scope 3 Emissions

14.1

Please account for your organization’s Scope 3 emissions, disclosing and explaining any exclusions

Sources of Scope 3 emissions

Evaluation status

metric tonnes CO2e

Methodology

Percentage of emissions

calculated using

primary data

Explanation

Purchased goods and services

Relevant, not yet calculated

Capital goods Relevant, calculated

21.9 Average data is used to calculate transportation of capital goods.

0.01%

This calculation includes the transportation emissions of 11 board production machines, 6 plastic injection machines, 2 painting machines and 2 final assembly machines which are purchased during in 2012.

Fuel-and-energy-related activities (not included in Scope 1 or 2)

Relevant, calculated

785.18

Diesel/Gas oil emission factors that explained in IPCC(2006) are used to calculate emissions of fuel and energy related activities(not included in Scope 1 or 2).

0.01%

This calculation includes fuel consumption of inside transportation cars and manager and top management vehicles provided by Vestel Electronics.

Upstream transportation and distribution


Waste generated in operations


Business travel Relevant, calculated

2075.12

2012 Guidelines to Defra / DECC's GHG Conversion Factors for Company Reporting is used to calculate total emissions of business travels.

0.21% This calculation includes all business flights of Vestel Electronics employee.

Employee commuting Relevant, 4672.99 Diesel/Gas oil emission factors that 0.05% This calculation includes emissions from the

Sources of Scope 3 emissions

Evaluation status

metric tonnes CO2e

Methodology

Percentage of emissions

calculated using

primary data

Explanation

calculated explained in IPCC(2006) are used to calculate employee commuting emissions.

transportation of employees between their homes and Vestel Electronics facilities.

Upstream leased assets

Not relevant, explanation provided

Investments Relevant, not yet calculated

Downstream transportation and distribution

Not relevant, calculated

Processing of sold products


Use of sold products Relevant, calculated

10078185

Electricity emission factor that in explained in Turkish Regulation "By-Law on Energy Performance of Buildings" and International Energy Agency is used.

99.72%

This calculation includes carbon emission caused by sold products in Turkey (emission factor - Turkish Law) and sold products abroad (emission factor - IEA).

End of life treatment of sold products


Downstream leased assets


Franchises Relevant, not yet calculated

Other (upstream)

Other (downstream)

14.2


14.2a


14.2b



Relevant standard

Attach the document

14.3

Are you able to compare your Scope 3 emissions for the reporting year with those for the previous year for any sources? No, this is our first year of estimation

14.3a


Sources of Scope 3

emissions

Reason for change

Emissions value

(percentage)

Direction of change

Comment

14.4

Do you engage with any of the elements of your value chain on GHG emissions and climate change strategies? (Tick all that apply) Yes, our customers

14.4a

Please give details of methods of engagement, your strategy for prioritizing engagements and measures of success We have been working with Walmart since 2011 based on the Walmart Supplier Development Program. This program includes social responsibility issues, health&safety issues and also environmental management issues. Vestel Electronics awarded as self-audit status by Walmart at the end of 2012. Environmental management chapter in this program covers all environmental issues i.e. waste management, legal compliance, natural resources saving. This program done with together Walmart help us to improve our environmental management as well as social responsibility, health&safety.

14.4b

To give a sense of scale of this engagement, please give the number of suppliers with whom you are engaging and the proportion of your total spend that they represent

Number of suppliers

% of total spend Comment

14.4c

If you have data on your suppliers’ GHG emissions and climate change strategies, please explain how you make use of that data

How you make use of the data

Please give details

14.4d

Please explain why not and any plans you have to develop an engagement strategy in the future

Further Information

Module: Sign Off

Page: Sign Off

Please enter the name of the individual that has signed off (approved) the response and their job title ERSİN KÖSEOĞLU MANAGEMENT SYSTEMS

CDP 2013 Investor CDP 2013 Information Request

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