Stakeholder Relations

We believe that one of the key indicators of the management quality of companies is the ability to demonstrate a participatory management approach. With this perspective, we establish communication based on transparency, accountability, and lasting and mutual trust with all our internal and external stakeholders.

We facilitate the involvement of all our employees in management and create communication channels to increase the mutual exchange of information. We communicate with our employees continuously, periodically, or instantly through many communication channels. These communication channels include an integrated corporate intranet, internal surveys, e-mail and e-bulletins, corporate TV, posters and banners, reputation and satisfaction surveys, training practices, performance management system, interviews, working groups and committees, and complaint and suggestion systems. Employees of the contractor company also have access to many communication channels, particularly the complaint and suggestion systems.

We aim to strengthen our communication with all our stakeholders. We use various channels to create a participatory, timely, transparent, and two-way communication environment with our external stakeholders and employees. Many of the management systems we follow are shaped by stakeholder communication methods.

Furthermore, among our stakeholders with whom we frequently communicate are our customers, shareholders and investors, public institutions and local governments, trade unions, suppliers and contractors, professional organizations and non-governmental organizations, financial institutions, educational institutions, media organizations, and local people.

Collaborations

In addition to contributing to the country's economy, we have social responsibility initiatives that create added value for society. We participate in social projects by cooperating with universities, public institutions, non-governmental organizations, and local administrations. In this way, we not only offer valuable solutions that make a difference in society but also enable our employees to take part in awareness-raising actions and internal communication activities that feed their potential, with the awareness of sustainability and co-production. Through cooperation, we aim to contribute to the sustainability of social and economic life throughout the country, especially in the regions where we operate.

We support shifting the scientific power from our universities to industry. Our R&D and Innovation Center is working to create solid university-industry collaborations with its open innovation model. Our emphasis is on technologies that will increase efficiency and develop costs and competitive advantage, as well as the energy sector. As a result of our energy-intensive and, therefore, emissions-intensive business lines, we place a high priority on technologies that will reduce our carbon footprint. To this end, we are planning and developing international renewable energy projects to produce petrochemical raw materials.

Responsible Unit and Structure of Our Committee

The steps we have taken, as SOCAR Türkiye, to build a sustainable future are gradually based on solid foundations. We keep on working to strengthen the governance and improve the transparency in the field of sustainability and we emphasize our commitments in this field.

We work in line with our strategy and policies by adopting best practices in the fields of environmental, social, and corporate governance (ESG) and maintaining our goal of creating a positive impact. We carry out these studies and regularly review our sustainability performance under the supervision of the SOCAR Türkiye Board of Directors and the Corporate Governance and Sustainability Committee.

The Strategy and Sustainability Directorate is responsible for the management of the Sustainability Roadmap, the addition and removal of new projects, the implementation of the roadmap in accordance with the plan and ensures the determination of performance criteria, reporting and consolidation of information. Furthermore, it manages relations with SOCAR Global centrally in Türkiye.

The Group Sustainability Committee is chaired by SOCAR Türkiye CEO and co-chaired by the Head of Strategy and Sustainability. The Group Sustainability Committee, which operates under the Executive Committee, further addresses the issues related with the areas monitored and managed by the Corporate Governance and Sustainability Committee which operates under the SOCAR Türkiye Board of Directors. The Committee, which convenes at least three times a year, is responsible for developing the sustainability vision and strategy of SOCAR Türkiye and implementing ESG-related policies and guidelines. Furthermore, various working groups have been commissioned to achieve the set goals. Our working groups keep working to successfully implement our sustainability strategy.