What are the material issues the company has identified? 

In its 2022 Sustainability Report Aydem Renewables identified a range of material issues, such as climate change, business ethics, disaster and emergency preparedness, employee satisfaction and loyalty. Among these, creating economic value for its stakeholders stands out as a key material issue for Aydem Renewables.

Stakeholder engagement in accordance with the GRI Standards              

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Aydem Renewables engages with:

To identify and prioritise material topics Aydem Renewables engaged with its stakeholders through the following channels:

Stakeholder Group	Method of engagement
Employees	·      Idea Line (continuous) ·      Enport Intranet Platform (continuous) ·      Enbülten monthly online communication magazine (monthly) ·      Social events (continuous) ·      Management meetings (continuous) ·      Employee training (continuous) ·      Project group meetings (continuous) ·      IKON app (continuous)
Shareholders and investors	·      Board of Directors meetings (continuous) ·      Committee meetings (once per 3 months) ·      Investor relations web site (continuous) ·      General Assembly meetings (annual) ·      E-mail, phone, and discussions (continuous)
Holding and Group Companies	·      Board of Directors meetings (continuous) ·      General Assembly meetings (annual)
Public Institutions and Local Administrations	·      Sustainability Report (annual) ·      Activity Report (annual) ·      Online and face-to-face meetings (continuous)
Suppliers and Subcontractors	·      Sustainability Report (annual) ·      E-mail, phone, and discussions (continuous) ·      E-procurement (continuous)
Banks and Finance Institutions	·      Online and face-to-face meetings (continuous) ·      Congresses (continuous) ·      Reporting (instant)
Universities and Research Institutions and Consultants	·      Online and face-to-face meetings (continuous) ·      Congresses (continuous)
Independent Audit and Rating Agencies	·      Online and face-to-face meetings (continuous) ·      Congresses (continuous) ·      Reporting (instant)
Unions, Non-Government Organisations, and Industry Associations	·      Sustainability Report (annual) ·      Activity Report (annual) ·      Online and face-to-face meetings (continuous)
Society	·      Meetings and face-to-face discussions (continuous) ·      Projects (instant)
Media	·      Sustainability Report (annual) ·      Activity Report (annual) ·      Press bulletins (continuous) ·      Press meetings and face-to-face discussions (instant) ·      Industry meetings and congresses (continuous)
International Organisations	·      Projects (instant)
Customers	·      Projects (instant)

What actions were taken by Aydem Renewables to create economic value for its stakeholders?

In its 2022 Sustainability Report Aydem Renewables reports that it took the following actions for creating economic value for its stakeholders:

• Creating economic value for employees
• In 2022, Aydem Renewables paid TRY 167,396,789 for employee wages and side benefits.

• Creating economic value for the state
• In 2022, Aydem Renewables paid TRY 587,846,248 in taxes and similar payments to the state.

• Creating economic value for communities
• In 2022, Aydem Renewables spent TRY 876,290 in donations, sponsorship, and corporate responsibility spendings.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

• Sustainable Development Goal (SDG) 8: Decent Work and Economic Growth
• Targets: 8.1, 8.2
• Sustainable Development Goal (SDG) 9: Industry, Innovation and Infrastructure
• Targets: 9.1, 9.4, 9.5

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

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References:

This case study is based on published information by Aydem Renewables, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.aydemyenilenebilir.com.tr/sustainability

Note to Aydem Renewables: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.