Canadian Manufacturing

Arçelik joins UN Global Compact CFO Taskforce to align finance and sustainability goals

The CFO Taskforce has a collective market cap of 1.7 trillion and grants the CFOs a position to reshape the future of global corporate finance.

September 22, 2021  by CM Staff

Arcelik CFO Polat Sen

ISTANBUL — Arçelik A.Ş., a global consumer durables and electronics manufacturer, has announced that Polat Şen, the Chief Financial Officer (CFO) of Arçelik has joined the UN Global Compact CFO Taskforce. With 60 members across 23 industries and five regions, the CFO Taskforce aligns UN’s Sustainable Development Goals (SDGs), the corporate sustainability commitments to credible finance strategies with the intention of producing real world impact through long-term sustainable change.

The CFO Taskforce has a collective market cap of 1.7 trillion and grants the CFOs a position to reshape the future of global corporate finance and investment for growth, social impact and ultimately SDGs investment. Coming together at the UN’s General Assembly week commencing the 21st September, financial leaders from all around the world, will discuss and develop action plans to solve today’s environmental and social challenges.

This announcement follows Arçelik’s Green Bond issuance in May 2021. Using the bond, included in Arçelik’s Green Financing Framework, the company is financing its Eligible Green Projects that include energy-efficient, eco-efficient and circular economy adapted products and the promotion of energy efficiency in production. The Green bond is also funding the company’s sustainable water resources and wastewater management, pollution prevention control, renewable energy, and green buildings initiatives.

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