Sustainability Reporting
SOCAR Turkey Enerji A.Ş. (As SOCAR Türkiye) we implement our strategy which we have adopted in line with the aim of creating value in economic, environmental, social and governance areas, in line with the corporate governance rules based on the principles of transparency, accountability, responsibility and fairness. In this context, we regularly report our performance to our stakeholders and strengthen our company's sustainability vision. For the first time in 2024, unlike previous years, we, as SOCAR Türkiye, are presenting our sustainability report to our esteemed stakeholders in an integrated report format.
Our Integrated Report was prepared in accordance with GRI Universal Standards 2021 along with GRI’s Oil and Gas Industry Standards published by the Global Reporting Initiative (GRI) taking into consideration the IFRS S1 and S2 framework published by the International Accounting Standards Board (IASB) which constitutes the basis of the Turkish Sustainability Reporting Standards (TSRS). The principles of the United Nations Global Compact (UNGC), to which we have been a signatory since 2021, were also taken into account in the report content.
For the purpose of this Report, our company's financial and operational performance is discussed from an integrated perspective within the scope of 6 capital elements. The created value and future targets have been clearly, transparently, reliably and consistently presented to all our stakeholders in a manner comparable to the previous reporting period. Our report was prepared to cover the performance of SOCAR Türkiye and its subsidiaries for the 12-month period between 1 January 2023 and 31 December 2023.
GREEN GAS EMISSIONS
|
Greenhouse Gas
Emissions (Scope 1) |
Unit | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Petkim | Ton CO2e | 1.889.432,49 | 1.838.002,77 | 1.948.360,86 (The verification of emissions within the scope of MRV is stil in progress.) |
| STAR Rafineri | Ton CO2e | 2.010.849.07 | 2457.521.48 | 2.426.920,40 |
| SOCAR Terminal | Ton CO2e | 1.829,76 | 1.745,76 | The calculation and verification process continues within the scope of 14064-1. |
| Bursagaz | Ton CO2e | 2.055.11 | 1.706.90 | 1.513.14 |
| Kayserigaz | Ton CO2e | 1.048,58 | 1.266,64 | 1.177.83 |
|
Greenhouse Gas
Emissions (Scope 2) |
Unit | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Petkim | Ton CO2e | 92.067.21 | 29.72558 | 16.207.32 |
| STAR Rafineri | Ton CO2e | 417361.60 | 41658624 | 492.963.80 |
| SOCAR Terminal | Ton CO2e | 3.965,95 | 3.940,00 | The calculation and verification process continues within the scope of 14064-1. |
| Bursagaz | Ton CO2e | 570.91 | 621.51 | 633.97 |
| Kayserigaz | Ton CO2e | 268.61 | 277.75 | 323.34 |
We are leading the transition to low-carbon energy, in line with the Paris Climate Agreement's goals of limiting the global average temperature increase to 1.5°C and achieving net zero emissions by 2050. In line with our decarbonization strategy, placed at the heart of our sustainability efforts, we are taking concrete steps towards our goal of reducing our Scope 1 and 2 emissions by 40% by 2035 and becoming net zero by 2050. We aim to significantly reduce our CO2 emission intensity between 2021-2025.
We have achieved green electricity certificate sales (I-REC + YEK-G) in a volume of 473 GWh
in 2023 through one of our subsidiaries, SOCAR Enerji Ticaret. We certified the electricity
consumption of more than 20% of the end consumer portfolio with green electricity. By
selling our first YEK-G certificate in 2023, we diversified the scope of sustainable
products and services in our portfolio and increased the volumes reached above the previous
year. We further keep on providing intermediary services for Solar Energy Systems, portfolio
management of renewable energy power plants and sustainable products and services such as
Green PPA.
Following the assurance audit in 2022, we have taken steps to calculate our greenhouse gas
emissions in line with international standards. We recalculated our greenhouse gas emissions
as Scope 1 and 2, according to the ISO 14064 Corporate Carbon Footprint Standard, for the
years 2021-2023.
| Energy Consumption (GJ/year) | 2021 | 2022 | 2023 |
| Natural Gas | 31.250.544,00 | 23.910.408,00 | 20.121.863 |
| Hydrogen | 323.308,00 | 390.555,00 | 788.203 |
| Received Steam | 2.126.417,00 | 1.903.677,00 | 3.296.300 |
| Fuel Gas | 17.395.15 | 12.403.366,00 | 13.076.369 |
| Combustible Gas | 16.443.021,00 | 23.751.282,00 | 27.797.172 |
| Diesel | 9.195,00 | 2.554.368,00 | 3.616.368 |
| Aeration Gas (Vent Gas) | 40.088 | 18.836 | 3.521 |
| Gasoline | 1.129 | 1.998 | 2.090 |
As we move towards our goal of becoming net zero, we constantly observe industry trends and market dynamics and aim to make significant changes in the field of energy management. Through our energy management policy we implement in our subsidiaries, we focus on low-carbon energy, operational efficiency and emission reduction. We aim to reduce energy consumption in all our activities. Accordingly, we invest in new equipments that will enable us to use energy more efficiently and in renovation projects that will reduce energy use.
The significance of renewable energy for a sustainable future is increasing. As the largest direct external investor of Türkiye, we direct our energy strategy towards green energy. Owing to our investments in green energy, we meet our electricity needs with green energy at 22 different points in total including our Corporate Center in Vadi Istanbul and 4 administrative buildings, 10 stations, 2 storage facilities, 3 emergency response units, 2 valve groups and 1 archive building in other locations. Starting from 2021 and including 2023, we are certifying the electricity consumption of buildings, RMS points and other relevant meters belonging to our subsidiaries using green electricity through SETAŞ.
Energy management policies are also put into practice by SOCAR Türkiye subsidiaries. Petkim, STAR Rafineri and SOCAR Depolama manage their energy consumption and necessary improvements are being made for sustainable, safe production in the refinery. Bursagaz, Kayserigaz and SOCAR Enerji Ticaret are also working on reducing their carbon emissions, energy efficiency and optimization. In line with the energy strategies implemented by our business units, we aim to use energy efficiently to ensure continuous and safe natural gas distribution in line with the determined budget. Petkim, STAR Rafineri, Bursagaz and Kayserigaz have been entitled for ISO 50001 Energy Management System certificate.
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