Mehmet Kutman
Chairman
Dear Stakeholders,
As Global Investment Holdings, we recognize that global climate change, limited natural resources and social issues have become vital issues for organizations that would like to succeed in the future. That is why we adopt a sustainability approach that ensures all our activities are environmentally and socially appropriate, incentivizes the supply chain, generates social value and is fully committed to ethical principles.
In 2023, we shaped our Sustainability Policy and took important steps to emphasize our sustainability strategy. Through this approach, we have taken important steps that form the basis of our corporate goals by aligning our operations with the sustainability risks and opportunities we have identified. To ensure that we are on track, Global Investment Holdings Sustainability Committee continues to diligently monitor our progress in governance, environmental and social areas.
Energy, water and waste management are critical issues for the sectors in which we operate, especially the profound impacts of climate change and the looming threat of water stress. We are committed to managing these resources responsibly and optimizing their use to ensure their availability for future generations. Our commitment to environmental and social issues extends to all our operations.
The cruise industry is poised for significant growth over the next few years, and this growth will be achieved in a more sustainable way than ever before. The cruise sector is making significant efforts to reduce its environmental impact. In 2021, the Cruise Lines Industry Association members agreed to reduce carbon emissions by 40% by 2030 compared with 2008 and target net carbon neutral cruising by 2050. Via our subsidiary Global Ports Holding (GPH), the world’s largest cruise port operator, we will maintain our pioneering role in line with the sector’s targets.
For our power generation business line, we are striving to reduce internal energy consumption per unit of power generation by 30% and to achieve the “Zero Occupational Accident” target by 2030. We also continue to work on our future goals for waste reduction, recycling and climate change.
Our sustainability strategy is based on implementing environmentally and socially sensitive practices across our entire portfolio. We aim to develop environmentally friendly business processes by increasing water and energy efficiency practices.
In our supply chain, we require that the products and services we procure meet appropriate standards in quality and sustainability practices and we maintain responsible procurement practices.
Our ongoing sustainability journey is based on respect for society and nature with a commitment to continuous improvement. We strive to foster continuous improvement for all our stakeholders, including our human resources, investors, customers and suppliers.
We encourage our employees to take advantage of a range of professional and personal development opportunities through both mandatory and voluntary training programs. We also pursue diversity and equality in our workforce with a target of at least 25% female managers.
We attach importance to effective communication with our stakeholders and integrate stakeholder expectations into our strategy through effective stakeholder communication, especially in our sustainability efforts. Transparency and accountability are fundamental principles in our investor relations.
We aim to mainstream sustainability practices throughout our supply chain and ensure a sustainable supply chain by selecting our suppliers and contractors in accordance with our policies.
Our 2023 Materiality Analysis helped us prioritize the most critical sustainability issues for Global Investment Holdings. Furthermore, these material issues guide our contribution to the eight different global goals we have identified (SDG 5, SDG 8, SDG 10, SDG 11, SDG 13, SDG 14, SDG 15 and SDG 17).
I am pleased to share our sustainability efforts and data for 2022-2023 with you, our valuable stakeholders, through this Sustainability Report. I would like to extend my sincere thanks to the employees of Global Investment Holdings, our most valuable asset, for their dedication to our sustainability journey.
Sincerely,
Mehmet KUTMAN
Chairman
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