Eczacıbaşı Group’s governance approach is designed to create value for its stakeholders while ensuring sustainable growth and development in line with global best practices.
The Eczacıbaşı Group is a group of companies consisting of Eczacıbaşı Holding and subsidiaries under Eczacıbaşı Holding's management. The main purpose of Eczacıbaşı Holding is to determine the business strategy and short-mid-long-term goals of the Group and to support activities of Group companies in line with these goals. With the synergy created, Group resources are directed to the most accurate investment fields.
Eczacıbaşı Holding's Board of Directors consists of six full members, one female and five males. The Board of Directors conducts its duties through sub-committees established for Investment, Risk, Audit and Governance, Talent and Remuneration, and ESG (Environmental, Social, Governance).
Established at the level of the Board of Directors, the ESG Committee ensures the effectiveness of the sustainability management policies, strategies, governance bodies and management tools throughout the Group and carries out tasks such as assessing the validity of strategic priorities and making recommendations on environmental, social and governance issues.
During the reporting period, the ESG Committee initiated its work in full capacity, meeting at least once every quarter before the Board of Directors meetings.
The Chairman and Group CEO functions are carried out by separate individuals. In addition to the Group CEO, the Chairman of the Audit Board also reports directly to the Board of Directors. Group senior management consists of senior executives and function managers of companies reporting directly to the Group CEO.
Risk Management
At Eczacıbaşı Group, we take a holistic approach to risk management, integrating it into all aspects of our activities. Our goal is to foster a risk-oriented culture throughout the organization and prevent events that may significantly damage the company’s value, thus sustaining growth for all stakeholders. To achieve this goal, we adopt international risk and control frameworks that allow us to identify, evaluate, and monitor potential risks at all levels of our organization, from the Board of Directors to all employees.
The Eczacıbaşı Group’s risk management activities are coordinated by the Enterprise Risk Management Department, which operates under the Eczacıbaşı Holding Chief Financial Officer. The department works in close collaboration with the Early Detection of Risk Committees, which are established in each publicly traded company within the Group. This structure allows for a comprehensive approach to risk management, ensuring that all potential risks are identified and addressed in a timely and effective manner.
Ethics and Compliance
At the Eczacıbaşı Group, we conduct our business with integrity, honesty, and transparency, ensuring compliance with all relevant laws and regulations. We approach our work with impartiality and morality, maintaining a professional attitude towards our colleagues, customers, and suppliers. As a responsible corporate citizen, we are committed to respecting and supporting diversity and upholding our responsibilities towards society.
Our Group adheres to the highest standards of compliance with business ethics principles and legal regulations, which form the foundation of all our activities. The Audit Group, CHRO (Chief Human Resources Officer), Legal Department, and Compliance Committee are all responsible for overseeing activities and practices related to business ethics, internal audits, and legal compliance throughout the Group. We are dedicated to ensuring that all of our operations are conducted in a manner that is consistent with our values and principles, and that we operate with the utmost integrity and transparency.
In line with this, our corporate sustainability management system, formulated in accordance with global business standards, instill confidence in our stakeholders and align the quality of all Group undertakings.
Please find sustainability-related policies listed below.
• ESG (Environmental, Social, Governance) Policy
• Gender Equality and Equal Opportunities Policy
• Human Rights Policy
• Environment and Climate Change Policy
• OHS (Occupational, Health and Safety) Policy