Çimsa Çimento Sanayi ve Ticaret : Integrated Report

2 0 2 1 I N T E G R A T E D A N N U A L R E P O R T

Our Sustainability Strategy

We create sustainable stakeholder value through low-carboneconomy-supporting products for the development of sustainable living spaces.

We shape today for tomorrow.

OUR STRATEGIC APPROACH TO SUSTAINABILITY

A range of global	We identify	We develop	We aspire to have
sustainability challenges	and prioritise	programmes	a transformative
impact our business	key challenges	to address	impact on SDGs
and our stakeholders		key challenges

			PRIORITIES
High			Occupational Health
			And Safety
			Alternative fuels and
	High		raw materials
		Energy Management
		Çimsa's Evaluation	Climate Change and
		Reducing Greenhouse
		Gasesı

Economical Social Governance Environmental

For detailed prioritization matrix, see 17. p.

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Stakeholder Feedback

CONTENTS

OVERVIEW

HOW WE CREATE VALUE?

2021 OUR PERFORMANCE

GOVERNANCE

APPENDICES

Contents

OVERVIEW	GOVERNANCE
4	Çimsa at a Glance	92	Governance at Çimsa
6	Çimsa and its Subsidiaries	94	Board of Directors
10	Milestones	95	Senior Management
12	2021 Key Performance Highlights	100	Risks and Opportunities
14	Message from the Chairman	108	Ethics and Compliance

16 Message from the CEOı

20	Macroeconomic and Sectoral Developments	ANNUAL REPORT OF THE BOARD OF DIRECTORS
HOW WE CREATE VALUE?	110 Prepared with Respect to Communiqué No:
Series: II-14.1 1 January - 31 December 2021
24	Our Business Model and Strategy	Annual Report of the Board of Directors

28 Our Sustainability Strategy

30	Our Priorities	FINANCIAL STATEMENTS&INDEPENDENT AUDIT
32	Stakeholders Engagement	REPORT
38	Contribution to the UN Sustainable	142	Independent Auditor's Report and Consolidated
40	Development Goals	241	Financial Statements
Our Sustainability Targets	Profit Distribution Proposal and Results
		243	Profit Distribution Table
2021 OUR PERFORMANCE	244	2021 Integrated Annual Report - Reporting
44	Financial Performance		Guidelines

48 Occupational Health and Safety

52	Managing the Climate Crisis	APPENDICES
58	Customer Experience and Sustainable Business	265	Limited Assurance Report
	Models	269	UNGC Communication on Progress - 2021
62	R&D and Innovation	270	Sustainability Accounting Standards Board
68	Environmental Excellence		(SASB): Referance Table
74	Workforce Experience and Employee	273	GRI Content Index
	Engagement

84 Our Social Impact

About the navigation of the report

It refers to data that has been externally audited.

GRI 8 9 3 SASB SDG-ESG / It refers to rating and standard references.

GRI 102-46

About the Report

With this report, Çimsa reviews, analyzes and reports to its stakeholders the current output of its activities and its future plans and goals in the scope of the capital framework proposed by the VRF (Value Reporting Foundation), of which it is a member, and from an integrated perspective.

This integrated annual report covers the period from 1 January -

31 December 2021. The report includes data from 5 integrated facilities, 1 grinding facility and 25 ready-mixed concrete facilities located within the borders of Turkey. All information in the Integrated Annual Report, which also includes the Annual Report of the Board of Directors, refers to the end of 2021 unless otherwise stated. The report was produced with an environmentally friendly approach and was shared electronically. The report can be accessed from the www.cimsa.com.tr website and through the Sustainability section.

This report complies with the International Integrated Reporting Framework suggested by the VRF. The report has been prepared in accordance with the core option of the GRI Standards published by the Global Reporting Initiative (GRI). The content of the report has been compiled according to the methods for content determination, primarily the principle of prioritization, described in the GRI Standards. Performance notifications were generally presented in the scope of the GRI Standards disclosures, as well as the United Nations Global Compact (UNGC) development reporting principles, which Çimsa signed up to in 2013, and the principles of the World Business Council

For Sustainable Development (WBCSD)'s Global Cement and Concrete Association (GCCA) were also taken into consideration.

The Report is also in accordance with the minimum annual reporting requirements of the Turkish Code of Commerce and the Capital Market Law. The financial statements presented in the Report were audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. Independent Assurance Declarations on other matters are presented on the Appendices section of the report.

ESG Ratings and Standards

2016	2017	2018	2019	2020
Integrated Annual Report	Integrated Annual Report	Integrated Annual Report	Integrated Annual Report	Integrated Annual Report

2021 Integrated Annual Report

1

01 Overview

In this section

4 Çimsa at a Glance

1. Çimsa and its Subsidiaries

1. Milestones

1. 2021 Key Performance Indicators

1. Message from the Chairman of the Board of Directors

1. Message from the CEO

1. Macroeconomic and Sectoral Developments

22021 Integrated Annual Report

CONTENTS

OVERVIEW

HOW WE CREATE VALUE?

2021 OUR PERFORMANCE

GOVERNANCE

APPENDICES

Ç İ M S A , T H E I N N O V A T O R O F T H E T U R K I S H C E M E N T S E C T O R , A C H I E V E D A S T R O N G

P E R F O R M A N C E I N 2 0 2 1 A N D C A R R I E D I T S I N T E R N A T I O N A L B R E A K T H R O U G H S T O N E W H O R I Z O N S .

2021 Integrated Annual Report

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