TOFAŞ 2018 ANNUAL REPORT
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CLIMATE CHANGE

TOFAŞ ENGAGES IN A VARIETY OF EFFORTS IN ORDER FIRSTLY TO SATISFY ITS STAKEHOLDERS’ EXPECTATIONS WITH RESPECT TO COMBATING CLIMATE CHANGE AND SECONDLY TO FULFILL ALL OF ITS RESPONSIBILITIES TO DO SO.

Scientists are generally in agreement that the problem of climate change today is largely the result of greenhouse gas emissions generated by human beings. Efforts are now being made throughout the world to create legal frameworks and control mechanisms that will allow measures to be taken so that this situation can be dealt with. The automotive industry for its own part has been actively involving itself in such efforts by identifying what needs to be done to resolve the problem not only at the level of industry-wide organizations but also, out of their own sense of responsibility, by individual producers.

ENDURING SOLUTIONS THROUGH SUSTAINABLE METHODS

It is Tofaş’s principle to increase environment- and climate change-responsibility awareness throughout its value-creation chain by informing and educating suppliers, dealers, and customers. Tofaş makes a detailed effort to develop vehicles whose emissions are lower and/or which use alternative fuels in order to satisfy stakeholders’ expectations on such issues.

At the same time Tofaş also sees climate change as an issue that has statutory and regulatory dimensions (such as emission limits), physical and operational dimensions (such as radical changes in weather conditions), and financial dimensions (such as emissions-trading). The company formulates early proactive corporate risk management responses to the sorts of risks that all these dimensions might pose.

EFFORTS TO COMBAT CLIMATE CHANGE

Tofaş engages in a variety of efforts in order firstly to satisfy its stakeholders’ expectations with respect to combating climate change and secondly to fulfill all of its responsibilities to do so.

To this end: