Potential offtaker

Vestel Elektronik Sanayi ve Ticaret A.S.

www.vestel.com.tr

Estimated electricity consumption

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Countries of production presence

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Vestel Elektronik Sanayi ve Ticaret A.S. is a leading consumer electronics company based in Turkey. The company has a strong presence in the global market and is known for its innovative products and services. Vestel operates in a highly competitive industry and has managed to stay ahead of the curve by investing heavily in research and development.

One of the key priorities for Vestel is decarbonisation. The company is committed to reducing its carbon footprint and has implemented several initiatives to achieve this goal. Vestel has set ambitious targets to reduce its greenhouse gas emissions and is actively working towards achieving them. The company has adopted a comprehensive approach to decarbonisation that includes energy efficiency measures, renewable energy, and carbon offsetting.

Corporate energy is another area where Vestel has made significant progress. The company has implemented several measures to reduce its energy consumption and improve its energy efficiency. Vestel has invested in energy-efficient technologies and has implemented energy management systems to monitor and control its energy usage. The company has also implemented a range of energy-saving measures, such as LED lighting, insulation, and HVAC upgrades.

Corporate PPA (Power Purchase Agreement) is another area where Vestel has shown leadership. The company has signed several PPAs with renewable energy providers to source clean energy for its operations. These agreements have enabled Vestel to reduce its reliance on fossil fuels and transition to a more sustainable energy mix. The company has also invested in its own renewable energy projects, such as solar and wind farms, to generate clean energy for its operations.

Renewable energy is a key focus area for Vestel. The company has set ambitious targets to increase its use of renewable energy and has made significant progress towards achieving them. Vestel has invested in a range of renewable energy technologies, including solar, wind, and hydro power. The company has also implemented energy storage solutions to ensure that it can use renewable energy when it is most needed.

Vestel's commitment to sustainability extends beyond its own operations. The company is actively working with its suppliers and partners to promote sustainable practices throughout its supply chain. Vestel has implemented a range of sustainability initiatives, such as supplier engagement programs, to encourage its suppliers to adopt sustainable practices. The company also works closely with its customers to promote sustainable consumption and reduce the environmental impact of its products.

In addition to its sustainability initiatives, Vestel is also known for its innovative products and services. The company has a strong focus on research and development and has invested heavily in this area. Vestel's product range includes a wide range of consumer electronics, including televisions, refrigerators, washing machines, and air conditioners. The company is also involved in the development of smart home technologies, such as home automation systems and connected appliances.

Vestel's success can be attributed to its strong commitment to sustainability, innovation, and customer focus. The company has demonstrated leadership in the areas of decarbonisation, corporate energy, corporate PPA, and renewable energy. Vestel's sustainability initiatives have enabled it to reduce its environmental impact while also improving its operational efficiency and reducing costs. The company's innovative products and services have enabled it to stay ahead of the curve in a highly competitive industry.

Looking to the future, Vestel is committed to continuing its sustainability journey and driving positive change in the industry. The company will continue to invest in research and development to develop innovative products and services that meet the evolving needs of its customers. Vestel will also continue to work with its suppliers and partners to promote sustainable practices throughout its supply chain. By doing so, Vestel will continue to be a leader in the consumer electronics industry and a driving force for sustainability.

✓ Science Based Targets member
✓ Declared Net Zero commitment