Aydem Renewables, with its Environmental-Social-Governance Score, is Again the Leader of Turkey
Aydem Renewables, in the Environmental, Social and Governance (ESG) performance ranking made by the independent rating agency Moody's/ Vigeo Eiris, this year has again become the leader of Turkey in the electricity sector and has also been ranked as the first in the world ranking of the "Emerging Markets".
Aydem Renewables, Turkey's largest company that produces energy from 100% renewable sources, has reiterated its success of being the leader of its sector in Turkey, by obtaining the "A1 Advanced Level" rating with 65 points in the index of the international rating agency Moody's / Vigeo Eiris. Focusing on sustainable and responsible energy production with its energy for life approach, the Company has also been ranked as the first, in the world ranking of the "Emerging Markets", among the 54 companies.
Being one of the signatories of the United Nations Global Compact (UNGC) in Turkey, Aydem Renewables has raised its score to 65 with an 8-point increase in the evaluation made this year, and has managed to obtain the “A1 Advanced Level” degree which is the highest score in the ESG performance assessment, which has included approximately 5 thousand companies globally.
Küpeli: “With our performance, we have outperformed 98 percent of the companies worldwide”
Evaluating the globally scaled ESG success of Aydem Renewables, Aydem Energy CEO and Aydem Renewables Chairman of the Board İdris Küpeli has said, “With the importance we have placed on sustainability, operational excellence and efficiency, our Company has reiterated its first place ranking among the Turkish companies in the electricity sector, and has become the first also in the international emerging markets ranking, among the 54 companies in its sector.
In the rating made by Moody's / Vigeo Eiris among approximately 5 thousand companies worldwide, we have left behind 98 percent of the companies. This important achievement shall provide significant contribution to the access of our company to alternative financing sources in national and international markets at more favorable terms.”
Why is the Environmental-Social-Governance (ESG) Score Important?
The ESG criteria cover a wide area, from the concrete steps taken by the companies to reduce their carbon footprint to the health and safety policies for their employees, from the management of supply chains to creating a corporate culture that is based on trust and supports innovation and social responsibility. With the ESG performance; how much the companies take these criteria into account in their corporate strategies, productions, investments and policies is determined. Fund providing financial institutions also consider the ESG scores of the relevant company during their investment research processes.
About Aydem Renewables
Aydem Renewables, an Aydem Energy subsidiary operating in the field of renewable energy generation, with its 25 renewable energy power plants spread throughout Turkey, reaches an installed power of 1,020 MW. The Company which has accomplished the first private hydroelectric plant of Turkey In 1995, contributes to Turkey's growth with sustainable resources. Generating electricity from hydroelectric, wind, geothermal and landfill gas sources, Aydem Renewables conducts or coordinates the development and construction works of the power plants in its portfolio from design to engineering and operation stages under its own roof. Aydem Renewables, which has been deemed worthy of Great Place To Work® (Great Workplace) Certificate award by the Great Place to Work Turkish Institute this year, with the investment it has made in the human resources, is among the signatories of the UN Global Compact, the world's most comprehensive sustainability platform that offers universal principles that will shape the future of the business world.