Communication on Progress

Akbank Communication on Progress 2014

Participant
Published
  • 07-Jul-2015
Time period
  • January 2014  –  December 2014
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • 07.07.2015

    To our stakeholders:

    I am pleased to confirm that Akbank T.A.S. reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

    Sincerely yours,

    Hakan Binbaşgil
    CEO

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • The biggest evidence of Akbank’s commitment to universal principles of human rights is its signature under the United Nations Global Compact (UNGC) – one of the important corporate social responsibility initiatives worldwide. With this signature, Akbank takes responsibilities for human rights.

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • Quarterly live TV broadcasts by the Bank’s CEO, live broadcast of “Permanent Leadership Meetings", Akbank Volunteers Program, Employee Satisfaction Survey, Corporate Performance System, Meetings (e.g. Regional Directorates and Customer Relationship Management Performance Reviews, Leaders’ Summit, Brainstorming Sessions), Coaching system, Corporate Portal “For Us”, Suggestion System, BANKSİS (Union of Bank and Insurance Employees), Akbank Retirement Fund, Ethics Line, E-Bulletins

    Akbank is aware that high motivation and satisfaction levels among its employees are determinant in ensuring long-standing business performance. The Bank takes heed of regularly eliciting its employees’ opinions and expectations and tries to bring related practices to life. Akbank established effective channels of communication to ensure effective internal communication.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Please see the Akbank's Sustainability report to monitor and evaluate the performance of Akbank on human rights.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • The biggest evidence of Akbank’s commitment to universal principles of labor conditions is its signature under the United Nations Global Compact (UNGC) – one of the important corporate social responsibility initiatives worldwide. With this signature, Akbank takes responsibility for providing a safe and healthy work environment.
    Thus, Akbank pledges to fulfill its duties in creating a more humanistic globalization.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • Please see the Akbank's Sustainability report which includes the actions taken by Akbank to implement labour policies, address labour risks and respond to labour violations.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Please see the Akbank's Sustainability report to monitor and evaluate the performance of Akbank on labour issues.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • Akbank's signature under the United Nations Global Compact (UNGC) is the biggest evidence of Akbank’s commitment to universal principles of environment. With this signature, Akbank takes responsibilities such as protecting the environment, giving importance the global climate change and reducing energy consumption.
    Also another proof of the importance given by Akbank to this issue is the Bank's support to the “Carbon Transparency Project” actualized in 2009 by the Sabancı University Corporate Governance Forum. Akbank is one of the first companies in Turkey that has committed to implement climate change strategies and greenhouse gas emission reporting in compliance with the international standards.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • Please see the Akbank's Sustainability report wich includes the actions taken by Akbank to implement environmental policies, address environmental risks and respond to environmental incidents.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • Please see the Akbank's Sustainability report to monitor and evaluate the performance of Akbank on enviromental issues.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • Akbank's Anti-Bribery & Anti-Corruption Policy, formulated to comply with the anti-bribery and anti-corruption laws and regulations in effect in all countries in which Akbank operates, with code of ethics and professional principles, and with universal rules, was approved by the Board of Directors and announced publicly. Please see the Akbank's detailed policy below;

    http://www.akbank.com/en-us/investor-relations/Documents/ANTI-BRIBERYANDANTI-CORRUPTION.pdf

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • Please see the Akbank's detailed policy below;

    http://www.akbank.com/en-us/investor-relations/Documents/ANTI-BRIBERYANDANTI-CORRUPTION.pdf

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • Please see the Akbank's Sustainability report and policy to monitor and evaluate the performance of Akbank on anti-corruption.

    http://www.akbank.com/Documents/Akbank_Sustainability_Report_2014.pdf

    http://www.akbank.com/en-us/investor-relations/Documents/ANTI-BRIBERYANDANTI-CORRUPTION.pdf