KOC HOLDING BECOMES FIRST TO IMPLEMENT SCM IN REPORTING

Koc Holding has become the first company in Turkey committed to implementing Stakeholder Capitalism Metrics (SCM) in corporate reporting, which has been opened for signature to participants during the Davos Summit held by the World Economic Forum (WEF) in January. Subsequently, Koc Group can refer to these indicators in their reporting and statements, such as annual and sustainability reports. “This commitment, which represents an important standard for non-financial reporting across the world, will contribute to the transparency of our performance and progress in the environment, social and governance (ESG) fields,” said Levent Cakiroglu, CEO of Koc Holding. The SCM was developed by the International Business Council in order to compare progress in sustainability between companies, develop decision-making mechanisms and further increase accountability and regarding sustainable value created by companies.