CFO Taskforce is an initiative of the UN Global Compact that brings together a multi-sector group of corporate finance leaders, investors, financial institutions, and the United Nations to share ideas, develop new concepts and frameworks, and provide recommendations to unlock private capital and create a market to mainstream SDG investments.

As Arçelik, we are pleased to join the CFO Taskforce which will help us to strengthen our commitments to create real-world impact. We believe that CFOs are taking on increasing responsibility for impact well beyond financial performance and they are uniquely positioned to tackle business challenges we face today in sustainability agenda. Thanks to this platform, our CFO Polat Şen and his team will work together with their peers worldwide to develop corporate finance strategies in line with the 2030 Sustainable Development Goals.

You can find our CFO Polat Şen’s thoughts on the platform below and visit CFO Taskforce website for detailed information:  

cfotaskforce.org

“At the core of all our decisions at Arçelik is a deep commitment to sustainability. Much like many other businesses, our targets have been aligned with the UN’s Sustainable Development Goals (SDGs) which drive our actions towards helping to solve today’s environmental and social challenges. CFOs hold great responsibility in ensuring that sustainability and purpose-driven business is built deep into strategy. From financial frameworks to investment decisions, we play a huge role in instigating long-term positive change. Joining the UNGC CFO Taskforce is a great opportunity for members of the group to share ideas, inspire change and collaboratively build value for a greater future.” – CFO, Polat Şen

Arçelik became a member of the CEO Water Mandate which is a unique public-private initiative that mobilizes business leaders for water management established by the United Nations Global Compact in 2007.

The Mandate is a commitment platform for business leaders and learners to advance water stewardship. Endorsing companies commit to action across six key elements and report annually on progress. As a supporter of this initiative, Arçelik commits to increasing the water recycling ratio by 70% in manufacturing plants and reducing the water withdrawal per product in manufacturing* for a bright future.

*45% compared to 2015 base year in Arçelik Turkey, Arctic Romania, Beko LLC Russia, Beko Thailand, Defy South Africa, and Dawlance Pakistan manufacturing plants

CEO Water Mandate

We have joined UNGC Communication on Progress Early Adopter Program which is designed to add value and streamline sustainability reporting for all participating companies of the UNGC. As part of our participation, we are committed to transparently disclosing our implementation of the Ten Principles and contribution to Sustainable Development Goals.

#EarlyAdapter Program

Arçelik became an early mover of the Forward Faster Initiative which was launched by the UN Global Compact at the 78th UN General Assembly in September 2023. Forward Faster challenges businesses to elevate their ambitions in five strategic areas (living wage, gender equality, climate action, water action, and sustainable finance) to accelerate private sector action at the pace and scale needed to deliver on the 17 Sustainable Development Goals (SDGs) and meet the 2030 Agenda.

As part of the Forward Faster initiative, Arçelik commits to:

1. Contribute to a Just Transition by taking concrete actions that address the social impacts of climate change mitigation and adaptation measures, in collaboration with workers, unions, communities, and suppliers.

2. Set corporate science-based net-zero emissions targets in line with a 1.5°C pathway, with the objective of halving global emissions by 2030 and achieving net-zero emissions by 2050 at the latest.

3. Build water resilience across global operations and supply chains, collaborating to achieve a positive water impact in at least 100 vulnerable and prioritized water basins by 2030.

4. Align corporate investments to the fullest extent possible with SDG policies and strategies, setting targets, tracking, and reporting on the amount and proportion of such SDG investments.

5. Establish a corporate financing strategy linked to SDG investments and performance, reporting on the amount and proportion of such SDG finance.

UNGC | Forward Faster