OYAK Çimento, the Turkish cement brand of global cement leader Cimpor, owned by TCC Group Holdings, has achieved a major milestone by reaping a significant outcome of its sustainability-focused growth strategy. As the market and capacity leader of the Turkish cement industry, OYAK Çimento has qualified for inclusion in the BIST Sustainability Indices. The BIST Sustainability Index and the BIST Sustainability 25 Index—comprising shares of companies listed on Borsa İstanbul with high sustainability performance—serve as an important platform for companies to showcase their efforts in this field, while also providing a reliable benchmark for investors who make investment decisions in line with ESG criteria.
“We Are Reinforcing Our Commitment to Long-Term Value Creation”
Commenting on the achievement, Eralp Tunçsoy, Vice Chairman of the Board of OYAK Çimento and Global CFO of CIMPOR, emphasized that this inclusion represents a strategic milestone and stated: “Our inclusion in the BIST Sustainability Index, as a result of our collaborative efforts with CIMPOR on a global scale and our investments that shape the Turkish cement industry, is a tangible indicator not only of OYAK Çimento’s strong financial performance, but also of our determination in environmental and social responsibility. Under the umbrella of global cement leader TCC Group Holding, our ‘Local Player on a Global Scale’ vision, the innovative steps we are taking toward our 2050 Net-Zero target, our leadership in the use of alternative fuels, and our success in reporting in line with international standards are the key elements that differentiate us within the sector. This achievement further reinforces our commitment to creating long-term value for all our stakeholders. On our journey to building a sustainable future, we will continue to lead our industry with the contributions of all our employees and business partners.”
OYAK Çimento CEO Murat Sela also shared his views, stating: “The inclusion of our company in the BIST Sustainability Indices is one of the most prestigious validations of the sustainability journey that we, as OYAK Çimento, have been pursuing with great diligence for many years. In line with our responsible business approach and long-term value creation objectives across environmental, social, and governance dimensions, we will continue to place sustainability at the very center of all our business processes.”
Sustainability as the Foundation of Financial Success
As the first group in the Turkish cement industry to set and verify a Net-Zero target, and as a company that has put forward one of the most ambitious emission reduction plans in Europe, OYAK Çimento continues its efforts with determination toward a carbon-neutral future by 2050. In line with this vision, the company has made approximately EUR 400 million in sustainability-focused investments globally over the past two years, aiming both to reduce environmental impact and to enhance long-term profitability. As a concrete demonstration of its environmentally conscious approach, OYAK Çimento sourced 28.6% of its total thermal energy from alternative fuels as of 2024—more than double the Turkish industry average—positioning the company among the sector’s leaders. In addition, OYAK Çimento published its first report in 2024 in accordance with the Turkish Sustainability Reporting Standards (TSRS), transparently sharing its sustainability strategies and climate risk management approaches in line with national and international standards.
