Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, September 22 2021 - 21:20
AsiaNet
Arcelik joins the UN Global Compact CFO Taskforce to align finance and sustainability for real world change
ISTANBUL Sept. 22, 2021 /PRNewswire-AsiaNet/--

Arcelik A.S. (IST: ARCLK) ("Arcelik"), the global leading consumer durables and 
electronics manufacturer, has announced that Polat Sen, the Chief Financial 
Officer (CFO) of Arcelik has joined the UN Global Compact CFO Taskforce. With 
60 members across 23 industries and five regions, the CFO Taskforce aligns UN's 
Sustainable Development Goals (SDGs), the corporate sustainability commitments 
to credible finance strategies with the intention of producing real world 
impact through long-term sustainable change.

The CFO Taskforce has a collective market cap of 1.7 trillion and grants the 
CFOs a unique position to reshape the future of global corporate finance and 
investment for growth, social impact and ultimately SDGs investment. Coming 
together at the UN's General Assembly week commencing the 21st September, 
financial leaders from all around the world, will discuss and develop action 
plans to solve today's environmental and social challenges. As one of the 
members of the task force, Arcelik has made great strides in its sustainability 
journey, instigating long-term positive change and contributing to the SDGs. 

This announcement follows Arcelik's Green Bond issuance in May 2021, where the 
business launched the first of its kind, from a Turkish industrial company in 
the international market. Using the bond, included in Arcelik's Green Financing 
Framework, the company is financing its Eligible Green Projects that include 
energy-efficient, eco-efficient and circular economy adapted products and the 
promotion of energy efficiency in production. The Green bond is also funding 
the company's sustainable water resources and wastewater management, pollution 
prevention control, renewable energy, and green buildings initiatives. This 
further demonstrates Arcelik's commitment to sustainability and leadership in 
the industry for such an initiative.

Polat Sen, CFO, Arcelik said: 

"It's a great honour to join the UN Global Compact CFO Taskforce. At Arcelik, 
we see sustainability as a business strategy that needs to be incorporated into 
the heart and mind of business and this initiative looks to achieve that. 
Joining fellow CFO's intent on making positive change, I believe it will be a 
great opportunity to learn from and collaborate with business leaders. From 
financial frameworks to investment decisions, we can be a catalyst for positive 
change and investment."

About Arcelik

With over 40,000 employees throughout the world, Arcelik's global operations 
include sales and marketing offices in 48 countries, and 28 production 
facilities in 9 countries and 12 brands (Arcelik, Beko, Grundig, Blomberg, 
ElektraBregenz, Arctic, Leisure, Flavel, Defy, Altus, Dawlance, Voltas Beko). 
As Europe's second largest white goods company by market share (based on 
volumes), Arcelik's consolidated revenue reached US$4.3 Billion in 2020. 
Arcelik's 30 R&D and Design Centers across the globe, are home to over 1,700 
researchers and hold more than 3,000 international patent applications to date. 
Arcelik is named the "Industry Leader" in the Durable Home Appliances category 
for the 2nd year in a row in Dow Jones Sustainability Index 2020 and, in 
accordance with PAS 2060 Carbon Neutrality Standard, became carbon-neutral in 
global production plants in 2019 and 2020 fiscal years with its own carbon 
credits. Arcelik's mission is 'Respecting the World, Respected Worldwide.'

www.arcelikglobal.com 

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SOURCE: Arcelik
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