Global household appliance manufacturer, Beko has been recognised for its commitment to sustainability, securing the 44th spot on TIME Magazine and Statista’s first list of the World’s Most Sustainable Companies.
Beko earned a score of 75.68 out of 100, placing fourth among companies in the ‘manufacturing and industrial production’ sectors and the highest-ranking home appliance company.
“Our ranking is a testament to the passionate commitment of our entire team. At Beko, we firmly believe that a sustainable future begins at home, with each and every one of us. This recognition from TIME and Statista fuels our drive to innovate and redefine what’s possible in our industry. We are committed to developing products that not only make daily life easier but also contribute to a healthier planet for current and future generations,” Beko CEO, Hakan Bulgurlu said.
The TIME and Statista ranking assessed over 5,000 global companies using a comprehensive four-step methodology:
- Exclusion of non-sustainable businesses: Companies operating in environmentally damaging industries or facing significant sustainability controversies were excluded.
- Commitment and ratings: Companies were evaluated based on their participation in recognised sustainability initiatives like the Science Based Targets initiative and performance in assessments such as CDP ratings.
- Reporting and transparency: The availability, quality, and adherence to international standards of companies’ sustainability reports were reviewed.
- Environmental and social stewardship: Key performance indicators related to environmental impact (emissions, energy use, renewable energy adoption) and social responsibility (gender diversity, employee safety) were analysed.
Beko’s commitment to sustainability is detailed in its recently published 2023 Sustainability Report. This 16th annual report outlines the company’s progress towards its goal of becoming a net-zero business by 2050.
The report highlights Beko’s key achievements including achieving a 64% renewable energy usage rate in its manufacturing operations, saving and recycling 288,973 cubic metres of water, and preventing 6,983 tonnes of CO2 equivalent emission through energy efficiency projects. The company has also recycled 1.75 million units of electronic waste since 2014.
Energy-efficient products accounted for approximately half (50.2%) of Beko’s 2023 turnover, while low-carbon products represented 62.4%.
Beko has demonstrated its commitment to gender diversity and inclusion through initiatives like the Her Business Her Power project, which supported 108 female dealers, and the 500 Women Technicians Project, which empowered 644 female technicians in 2023.