2024 Integrated Annual Report
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At Akçansa, we take ownership responsibility in every aspect of our business for a sustainable world. In this report, shaped around the theme "Dünya Varmış" (A World Worth Living), we present our value-driven approach across a broad spectrum—from good governance to a sustainable future, from climate change to circular economy and innovation.
Burak Orhun
Chairperson
Vecih Yılmaz
CEO, Akçansa
Sustainability is one of the four core strategic focus areas defined in line with Akçansa’s corporate vision and is an integral part of how we operate. For over 28 years, we have placed sustainability at the center of our operations, aiming to create value for our stakeholders and contribute to the advancement of the communities in which we operate.
Climate Leadership
Reduction of direct and indirect CO₂ emissions
Increased use of renewable energy
Transition to sustainable products
Nature and Environment
Reduction of air quality impacts
Efficient management of water resources
Conservation of biodiversity
Circular Economy and Innovation
Research and development (R&D) in engineering technologies
Increased use of alternative resources
Safe and Inclusive Value Chain
Establishment of a flawless occupational health and safety culture
Creation of an inclusive corporate culture
Value creation for society
Ensuring transparent dialogue with stakeholders
Sustainable supplier management
Sustainability-Linked Finance and Reporting
Improvement of ESG (Environmental, Social, and Governance) ratings
Enhanced access to sustainability-linked financial instruments
Innovative reporting approach
This year, Akçansa renewed its materiality analysis in alignment with the double materiality approach. In this context, we systematically evaluated both the environmental and societal impacts of our company, as well as how these factors influence our financial performance. We conducted our analysis process by considering the guidelines of the European Sustainability Reporting Standards (ESRS).
At Akçansa, we recognize climate change mitigation and adaptation as one of our top strategic priorities and act with a strong sense of responsibility in this regard. Due to the carbon-intensive nature of our industry, we play a critical role in global efforts to reduce emissions. In this context, we embrace the United Nations Sustainable Development Goals (UN SDGs) and the Paris Agreement, shaping our climate strategy in alignment with these international frameworks to create value for all our stakeholders.
Established in 1996 through the merger of Akçimento and Çanakkale Çimento, Akçansa today proudly operates as a publicly listed company in partnership with Sabancı Holding and Heidelberg Materials.
We meet 7% of Türkiye’s cement demand and 13% of total cement and clinker exports. Leading the industry with globally compliant products, we create value for the future through responsible production, exceptional service, high-tech plants, and our commitment to environmental stewardship.
Our cement and clinker production is carried out at three integrated cement plants located in Büyükçekmece, Çanakkale, and Samsun-Ladik. Port operations are managed through the Çanakkale and Istanbul-Ambarlı ports. In addition to our ports, we operate 4 cement terminals, 3 active aggregate plants, and 26 ready-mix concrete plants.
Leadership Score in the CDP Climate Change Program
We achieved another significant success in the CDP Climate Change Program, one of the world's leading environmental reporting platforms. We maintained our A- leadership score in the 2024 CDP evaluations.
AAA Credit Rating from JCR Eurasia Rating
JCR Eurasia Rating, an international credit rating agency, assessed our 2023 financial performance and upgraded our previous AA+ rating to AAA, the highest in the construction materials industry.
Sectoral Leadership on LSEG
We increased our score to 86 on the LSEG (formerly Refinitiv) platform. As of December 2024, we ranked 2nd among 126 international companies in the construction materials sector.
According to data for 2024, cement production increased by 4.1% compared to the previous year, with approximately 15.3% of this year's production being exported. Domestic sales rose by 8.9%, while cement exports experienced a decline of 14.6%.
Based on data from the Turkish Statistical Institute TÜİK-TURKSTAT, the country with the highest increase in cement and clinker exports in 2024 was Georgia. Exports were also made to the United States, Italy, Syria, Albania, the Turkish Republic of Northern Cyprus, and Romania.
4.1%
Cement Production Growth Rate According to 2024 Data
8.9%
Growth Rate of Domestic Cement Sales in 2024
826
Domestic Per Capita Cement Consumption (kg)
Legal Disclaimer
Akçansa 2024 Integrated Annual Report (‘Report’) has been prepared by Akçansa Çimento Sanayi ve Ticaret A.Ş. (‘Akçansa’). The scenario analyses aligned with TSRS, the financial materiality studies, and all assessments related to physical and transition risks stemming from climate change—prepared by Akçansa—are based on the company's data, calculations, expert opinions, and compliance with national and international standards. Akçansa Çimento Sanayi ve Ticaret A.Ş. shall not be held responsible for any losses or damages that may arise should third parties or entities rely on these assumptions.
