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Arcelik - ACKAF STOCK NEWS

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Beko has announced its Hack the Normal 2022 Sustainability Hackathon event scheduled for May 13-15, 2022, aiming to empower innovators in developing sustainable living solutions. The hackathon offers cash prizes up to €50,000 and access to an accelerator program. Participants will tackle environmental challenges, including water pollution and plastic waste, with mentorship from industry leaders. Beko, a top three home appliance brand in Europe, emphasizes climate action and innovation as key themes for the event.

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Arçelik A.Ş. has been recognized in the Corporate Knights' 2022 Global 100 Index, placing 57th among the world's most sustainable corporations for the second consecutive year. The index evaluates companies with over US$1 billion in revenue, focusing on their environmental, social, and governance (ESG) practices. Arçelik aims for a 50.4% reduction in Scope 1, 2, and 3 greenhouse gas emissions and became one of the first Terra Carta Seal Holders. The company's ongoing commitment to sustainability and innovation is underscored by high scores in the Dow Jones Sustainability Index.

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On September 21, 2020, Arçelik announced its achievement of carbon neutrality in global production operations, aligning with the 2030 United Nations Sustainable Development Goals. The company generated 305,407 tons of CO2e emission reductions through its Carbon Financing Project in Turkey. With a target of a $50 million investment in renewable energy, Arçelik plans to enhance its sustainability initiatives. By 2030, they aim to establish 15 MW of renewable energy systems and achieve a 45% reduction in energy consumption per product during production.

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The University of Cambridge's Open Ventilator System Initiative team, partnered with Arçelik and its subsidiaries Beko and Defy, received The President's Special Award for Pandemic Service for creating affordable ventilators during the COVID-19 pandemic. The initiative led to the production of the Impilo ventilator, the first intensive care ventilator manufactured in Africa, aiming to support developing countries. Arçelik has produced 5,000 ventilators on a not-for-profit basis, with shipments to 18 countries, enhancing its commitment to global health initiatives.

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Arcelik

OTC:ACKAF

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207.92M
Audio and Video Equipment Manufacturing
Manufacturing
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Turkey
Karaagac Caddesi No 2 6 Sutluce Beyoglu