Climate Change and Energy

Climate change is among the most critical challenges facing the world today. Aksa Energy carries out its activities with the awareness of the impact of its sector on the environment and climate change. The Company works on to develop efficient technologies and practices in energy production, and aims to improve its performance in climate change and energy issues within the framework of its environmental sustainability approach.

Aksa Energy aims to improve its climate change and energy performance in accordance with its environmental sustainability approach. The Company carries out its energy management activities in compliance with its Energy Policy and ISO 50001. Aksa Energy aims to fully comply with applicable laws, rules and regulations at all locations where it operates, improves its energy production efficiency and reduce energy losses.

Since 2015, Aksa Energy has regularly prepared Greenhouse Gas Emission Reports in order to track greenhouse gas1 emissions from its current power plant portfolio. After approval is received from the independent verification firm approved by the Ministry of Environment and Urbanization, the reports are presented to the Ministry of Environment and Urbanization. Preparations for the 2020 Greenhouse Gas Emissions Reports commenced at the beginning of the year and field inspections have been carried out and the report is submitted to the Ministry of Environment and Urbanization by April 2021. On the other hand, Aksa Energy notifies stakeholders about its performance on greenhouse gas emissions via its sustainability reports, and GHG emission reports verified by external verification bodies.

Aksa Energy places great importance on the battle against climate change and is committed to becoming a more sustainable and responsible organization in this regard. To this end, the Company signed the Trillion Tonne Communiqué – a declaration to the world by companies demanding that measures be taken to combat climate change.  Aksa Energy also plans to invest in renewable energy in the medium to long term with the aim of contributing to the global fight against climate change.

Aksa Energy considers energy efficiency a crucial component of its environmental policy to minimize the environmental impact of its activities and reduce greenhouse gas emissions. With the combined cycle power plant technology, the Company utilizes the heat of waste gas emitted during production to generate energy for internal consumption, thereby cutting its energy consumption by 10% per unit. The Company generates energy from waste heat at all of its natural gas power plants and at Northern Cyprus Kalecik Heavy Fuel Oil Power Plant. Oxicat filters are also used in natural gas power plants in order to reduce greenhouse gas emissions. In addition, The Company consistently informs all its employees, including subcontractors, through various communication tools and trainings to raise awareness about climate change and energy efficiency.