Çolakoğlu Metallurgy Published the 2024 Sustainability Report
Çolakoğlu Metallurgy has published its 2024 Sustainability Report, which includes the progress made in its sustainability journey. The report highlights the company's net zero target, digital transformation steps, employee development, and achievements in customer satisfaction, while also shedding light on its future vision.
The company contributes to the circular economy through its scrap-based electric arc furnace (EAF) production model, focusing on reducing Scope 1 and Scope 2 emissions in the fight against climate change. Reaffirming its commitment to the 2050 net zero target, Çolakoğlu Metallurgy reached a significant milestone in renewable energy investments with the 2.1 MWp Çubuk Rolling Mill Roof SPP project commissioned in 2024.
Digital Transformation Stood Out
The year 2024 was a period where digital transformation came to the forefront for Çolakoğlu Metallurgy. Digitalization steps extending from production processes to business models increased efficiency and strengthened sustainability goals.
Employee and Community-Focused Approach
Investments in human resources formed the foundation of the sustainability strategy. Throughout 2024, a total of 70,535 hours of training were provided to employees, supporting development with an average of 42.6 hours of training per person.
Aiming to increase female employment, the company plans to raise the proportion of female employees to 25% by 2030. In the field of occupational health and safety, projects carried out in line with the "zero accident" target, regular inspections, and notification systems reinforced a safe working culture.
In terms of social contribution, equal opportunities were provided to local youth through the Çolakoğlu Sports Club, while projects supporting social cohesion and inclusivity were implemented.
Customer Focus and Trust
In 2024, the customer satisfaction rate reached 89%, surpassing the target of 85%, marking a significant achievement. The company emphasized that stakeholder collaborations and collective efforts made sustainability successes even more meaningful.
Highlights from the 2024 Report
- Climate Crisis and Greenhouse Gases: By adopting low-carbon production processes, we aim to reduce the carbon footprint from Scope 1 and Scope 2 sources by 55% by 2030 and achieve net zero emissions by 2050 through short, medium, and long-term technology and energy projects.
- Energy Management and Efficiency: With the goal of meeting 35%+ of our electricity consumption from renewable sources by 2030, we launched the 2.1 MWp Çubuk Rolling Mill Roof SPP project in 2024.
- Talent Management: In 2024, a total of 70,535 hours of training; an average of 42.6 hours per person.
- Equality, Diversity, and Inclusion: By increasing the proportion of female employees each year, we aim to reach 25% by 2030.
- Occupational Health and Safety (OHS): As we progress towards the zero accident target, we strengthened the safe working culture with projects, hazard notifications, and regular inspections.
- Social Contribution and Social Responsibility: We support equal opportunities, social cohesion, and inclusivity with the Çolakoğlu Metallurgy Sports Club (ÇMSK) in Dilovası.
- Customer Focus and Satisfaction: With the goal of maintaining a satisfaction rate of at least 85% measured by regular surveys, we reached 89% in 2024.
Çolakoğlu Metallurgy aims to continuously improve its sustainability performance with its scrap-based electric arc furnace (EAF) production model, while strengthening circularity, digital transformation, and a human-centered approach.
Source: Iron Steel Store