Electrification investments have exceeded $6 billion since 2022

Sabancı Holding, which is the Electrification Partner of the United Nations Climate Change Conference (COP31) held in Antalya, shared its strategic moves in the field of clean energy transformation on the international platform. In the sessions held within the scope of the Leaders Summit, the holding management, representing the Turkish business world, drew attention to the critical role of electrification in global climate action.

"WE DIRECTED MORE THAN 64 PERCENT OF OUR INVESTMENTS TO ELECTRIFICATION"

Addressing the participants at the "Towards a Sustainable, Resilient and Fair Future" session held within the scope of the Leaders Summit and the "Clean Energy Conversion and Electrification - 35by35: Strengthening the Future" high-level dialogue event hosted by the COP31 Presidency, Sabancı Holding Chairman Hayri Çulhacı made important evaluations at the meeting moderated by the President of the International Energy Agency (IEA), Fatih Birol.

Emphasizing that electrification is one of the strongest levers that support climate action, energy security and economic growth at the same time, Çulhacı said:

"As Sabancı Group, we demonstrate this belief with our investments: Since 2022, we have directed more than 64 percent of our investments, a resource exceeding 6 billion dollars, to the electrification ecosystem. Three issues are vital for this transformation to gain scale. The first is to make electrification competitive in terms of total cost with correct taxation policies, efficient technologies and predictable electricity prices in the long term. Second, to build networks ahead of demand, without falling behind. Third, with predictable revenues and a clear risk sharing. making capital more accessible and affordable.”

INTERNATIONAL COOPERATIONS AND WORKING GROUP CO-PRESIDENT

As a signatory of the 35x35 Global Electrification Commitment, Sabancı Holding, in addition to its COP31 partnership, also co-chairs the Electrification and Energy Transformation Working Group within the COP31 Business Forum established under the leadership of TOBB. Through this platform, the holding aims to strengthen the dialogue between the public and private sectors and develop internationally applicable and scalable models.