MATERIALITY ANALYSIS

This year, Akçansa conducted its materiality analysis in line with the double materiality approach. Within this framework, we systematically evaluated both the impacts of our activities on the environment and society, and the potential financial implications of these factors on our business performance. Our analysis process was carried out in alignment with the guidelines of the European Sustainability Reporting Standards (ESRS).

While conducting our materiality analysis, we developed a comprehensive pool of topics based on our corporate strategy, global and sectoral trends, international standards, and regulatory requirements. During this process, we also considered peer company analyses, sectoral research, and various sustainability initiatives in order to identify the most critical topics relevant to Akçansa’s operations.

The data obtained through this process were assessed using both qualitative and quantitative analysis methods and ranked according to their level of significance. As a result, we developed our double materiality matrix, enabling us to evaluate financial impacts (risks and opportunities) alongside environmental and social impacts. This matrix contributes to defining our Company’s long-term strategic direction while providing a holistic framework that encompasses risk management, opportunity analysis, and impacts across the value chain.

Desk Research and Data Collection

In the first phase of our study, we developed a comprehensive list of topics by taking into account global and sectoral trends, national and international sustainability standards (SASB, ESRS and TSRS, etc.), as well as ESG ratings (S&P Global and MSCI, etc.) and competitor analyses. We reviewed sectoral requirements, regulatory developments, and the approaches adopted by peer companies. The list of topics developed through these analyses formed the foundation of our materiality assessment process.

Strategic Meetings with Executives

We conducted one-on-one interviews with managers from different departments to evaluate the impact of sustainability topics on our business strategy, financial objectives, and operational processes. These discussions enabled us to identify the material sustainability areas that will create value for our Company in the short, medium, and long term.

Stakeholder Engagement and Feedback Process

Through online surveys conducted with the participation of our key stakeholder groups, we gained valuable insights into Akçansa’s impacts on its stakeholders as part of the stakeholder analysis process. A total of 224 responses from internal and external stakeholders were incorporated into the analysis.

Global & Sectoral Trends and Peer Company Analysis

By closely monitoring national and international sustainability trends, we conducted comparative analyses with peer companies. These studies enabled us to better assess our position within the sector and identify strategic opportunities that would help maintain our competitive advantage in sustainability. At the same time, we analyzed the impacts of regulatory developments on our business processes and focused on managing our compliance processes more effectively.

Risk and Opportunity Analysis

We evaluated the risks and opportunities associated with sustainability topics through detailed desk-based analyses. We assessed the potential impacts of environmental and social risks on our operations, financial performance, and long-term strategies. At the same time, by examining opportunities across different areas, we analyzed how we could further strengthen our environmental, social, and economic performance.

Impact Analysis

We evaluated the environmental and social impacts of our priority sustainability topics through a comprehensive impact assessment. The positive and negative impacts arising from our operations and value chain were assessed based on criteria such as scale, severity, and reversibility. The insights obtained from this analysis contributed to shaping our strategic roadmap.

1. Air Quality
2. Climate Change
3. Water
4. Biodiversity and Land Use
5. Use of Resources
6. Energy Management
7. Equality, Diversity and Inclusion
8. Occupational Health and Safety
9. Employee Satisfaction and Well-being
10. Human Rights
11. Responsible Procurement
12. Social Impact
13. Customer Relations and Satisfaction
14. Ethics and Compliance
15. Sustainable Products and Solutions
16. Product Quality & Safety
17. R&D and Innovation
18. Digital Transformation
19. Stakeholder Engagement
20. Inclusive Development
21. Carbon Pricing and Taxation
22. Disaster Preparedness and Response
23. Supply Chain Management
24. Access to Sustainable Finance