Esteemed stakeholders,
The global health crisis triggered by the Covid-19 pandemic and the accompanying uncertainties left their marks on 2020.
While Covid-19, which is being fought around the world, negatively affected the economy, it reminded once again that our most important responsibility was the protection of the environment or, in other words, the protection of our ecosystem and scarce natural resources.
While emphasizing the importance of the connection between corporate resilience and business continuity for companies, what was experienced throughout the pandemic process clearly revealed the necessity of sustainable growth.
İş Leasing, one of the leading institutions of the leasing industry, demonstrated its robust sustainability performance under extraordinary market conditions where difficulties and uncertainties rose, owing to its corporate structure as well as its effective and efficient management of business processes into which it integrated environmental, social and governance elements with a professional approach.
Our performance increases our motivation about our potential and targets, and reinforces our determination to take strong steps in our long-term sustainability journey.
We present to you, our stakeholders, the first sustainability report of İş Leasing, which complies with the globally-accepted core option of GRI standards. The progress we have made in all aspects of sustainability and our future goals are shared with you in detail in the relevant sections of our report.
İş Leasing continued to support its customers, employees and all other stakeholders with devotion throughout the pandemic based on its practices making a difference in the sector and its corporate culture responding quickly to change.
Within the framework of our vision to which we are committed, we have set our targets for 2020-2023 in line with the principles of sustainable growth and value creation by being aware that we must reflect our responsibilities towards the society and environment in all our activities.
In 2020, the Sustainability Committee was established to take more concrete steps by focusing on the needs of the environment, our business and our human resources under our sustainability strategy. Our work on the Environmental and Social Risk Management System Project, which we launched at the end of the year, is going on.
Through this system, we aim to supervise environmental, social and economic factors as a whole, to manage risks and opportunities effectively, and to achieve sustainable growth as a result.
The decrease in production throughout the Covid-19 pandemic process caused sharp decreases in the amount of supply, which disrupted supply chains and turned into a phenomenon suppressing the value cycle from end to end.
The leasing sector, our field of operation, entered into 2020 in a good course, followed by a pandemic-induced slowdown in economic activities and a serious decline in demand for leasing.
I would like to express with pleasure that İş Leasing has achieved a growth level beyond expectations in this environment full of uncertainties.
Our highly-competent human resources and robust financial structure have enabled us to achieve a stable and sound performance in line with our sustainable and profitable growth strategy.
While our dynamic balance sheet management played a major role in achieving results consistently with our targets, İş Leasing ranked second in the industry in terms of leasing receivables in 2020.
As much as the importance we attach to corporate governance principles, our strong will to implement these principles as a continuous and dynamic process has brought about continuous improvement efforts. As a result of these efforts, İş Leasing’s corporate governance rating has increased to 9.21 out of 10 (92.13).
While carrying out our activities, we consider cooperation and solidarity in the working environment as the most important element, and we shape our human resources strategies in line with contemporary practices.
With our belief in the power of equal representation, we support women’s participation in social and economic life, and we strive to play an active role in balancing the number of female employees in the sector.
We attach importance to training and conduct regular performance assessments to ensure the development of company employees. In this context, 94% of our employees were subjected to regular performance assessment process in 2020.
While aiming to contribute to social life at the highest level in line with our sustainable, high-quality and profitable growth strategy, we look after the interests of all our stakeholders and we take care to make investments that will set an example for all segments of the society, the sector and the business world and create tangible benefits. In 2020, we delivered our aid to the institutions in need for the protection of healthcare workers against the pandemic.
As İş Leasing, our most important priority is to protect the health of our employees and to ensure the continuity of our services. In the light of this priority, we continued to execute all our business processes in both office environment and remote working environment in an uninterrupted and smooth way owing to the contribution of our digitalization investments.
While embracing change resolutely, we quickly adapt to emerging conditions through our experience, agile management approach, innovation power and the outstanding efforts of our employees, and move forward with firm steps towards the future.
Based on our vision of change and transformation, we are executing a comprehensive digitalization project in line with our goals to improve our technological infrastructure, complete the digital transformation and become the leasing company of the future.
As one of the most preferred companies in 2020, we increased our market share to 12.7% by the number of customers through our service model, which is reinforced by digitalization, efficiency and innovation culture and constantly carries the customer experience a step forward.
While sustainability is the strategic focal point of İş Leasing, the financing of renewable energy investments is a business line which we prioritize and in which our market share has risen. What makes us happy is that we stand out in the sector with our financing solutions, especially in the field of solar energy. We stand by investors via our financing solutions for rooftop solar energy systems for self-consumption and contribute to their access to clean energy.
In this context, İş Leasing offered financing for investments with a cumulative installed capacity of 145.78 MW as of 2020. While the financing resources we obtain from international finance institutions confirm the strength of our financial structure and our brand, we once again underline our determination to support investments in renewable energy by being a part of the Turkey Sustainable Energy Financing Facility (TurSEFF) developed by the European Bank for Reconstruction and Development (EBRD) during the reporting period. Within the scope of the agreement, funds amounting to EUR 40 million were obtained from the EBRD for use in the financing of resource efficiency and renewable energy investments. We consider this loan, which will be used to finance the investments of SMEs in this area, not only as a source of funds, but also as a very important step that takes our sustainability vision to a new level.
In line with our respect for the planet we live in and the society we are a member of, we contributed to the protection of our forests, which constitute our source of oxygen, by supporting the campaigns launched for afforestation after the forest fires in 2020.
The unwavering goal of İş Leasing is to broadly contribute to and share with all its stakeholders, from the economy to the society, by generating added value.
Through our determination to maintain our profitable growth by contributing to sustainable development and society, we will continue to manage risks well, keep our qualified portfolio distribution, and increase our uninterrupted support to the real economy by reinforcing our strong funding structure.
I would like to thank our Board of Directors, our employees, all our business partners and all our stakeholders, who I believe will always be with us as we carry our brand, which is identified with experience, trust and stability, into the future.
Sincerely,
U. Şafak Öğün
General Manager and Board Member