Our Materiality Analysis conducted by gathering stakeholder feedback, highlights the highest priority issues in Environmental, Social, and Governance areas, guiding us toward a sustainable maritime future.
Materiality Analysis Overview
We review our sustainability priorities, which we determine with the active participation of our stakeholders, every year to assess whether they address changing trends and conditions. With this approach, we reassess the issues that have the greatest impact on our operations and all our activities, and the areas where we can create the most value.
Peer Analysis
During the 2024 reporting period, we conducted a peer analysis to identify areas for improvement in our sustainability efforts. In our peer analysis study, we considered our industry’s sustainability priorities, the United Nations Sustainable Development Goals, our stakeholders’ expectations, competitor analyses, and current developments in the sustainability ecosystem worldwide and in Turkey. In line with this comprehensive study, we expanded our stakeholder map by adding local communities and educational institutions, while strengthening our priority issues in the field of sustainability.
Materiality Matrix
The materiality matrix created as part of our materiality analysis classifies environmental, social, and governance (ESG) issues according to their level of importance for both Arkas Line and external stakeholders. The matrix groups 16 sustainability issues into “Very High Priority,” “High Priority,” and “Priority” categories, helping us determine our strategic focus areas.
High-Priority Topics
We increased our total number of priority issues from 12 in 2023 to 16, based on our benchmarking and gap analysis. These issues reflect our commitment to addressing environmental and social challenges and our goal of creating long-term value for our stakeholders and operations. In our materiality matrix, we addressed our issues under Environmental, Social, and Governance categories, which is different from last year.
Alignment with United Nations Sustainable Development Goals
As Arkas Line, our commitment to sustainability is at the core of our operations and values. The issues identified through our materiality analysis strongly align with the United Nations Sustainable Development Goals (SDGs).
In line with SDG 13 – Climate Action and SDG 7 – Clean Energy, we prioritize our efforts to combat climate change and decarbonization.
In line with SDG 14 – Life Below Water, we support the health of marine ecosystems through our initiatives to protect marine biodiversity.
Under SDGs 3, 4, 5, and 8, we are creating an inclusive, diverse, and talented workforce by supporting the development of our employees.
In line with SDGs 8 and 12, we are adopting sustainable production and consumption principles through responsible supply chain management.
Within the framework of SDG 16 – Peace, Justice, and Strong Institutions, we are strengthening our corporate governance practices by combating bribery and corruption.
In line with SDG 9 – Industry, Innovation, and Infrastructure, we are continuing our investments in innovation and digitalization.
Under SDG 17 – Partnerships for the Goals, we build strong relationships with our stakeholders through social dialogue and cooperation.
In line with goals such as SDGs 11, 13, and 16, we develop proactive risk and crisis management practices.
In line with SDGs 7, 12, and 13, we aim to reduce our environmental impact through sustainable fuel management.
This holistic approach supports our goal of creating long-term value in environmental, social, and governance areas.
You can review our Environmental, Social and Governance (ESG) Policy here.