Ranked among the top 500 global companies leading the way in sustainability and recognized for its commitment to eco-friendly practices and net-zero goals, Beko is the Highest-ranking home appliance company on the list
Global household appliance manufacturer Beko has been recognized for its commitment to sustainability, securing the 44th spot on TIME Magazine and Statista’s first-ever list of the World’s Most Sustainable Companies. This ranking highlights Beko’s dedication to eco-friendly practices and positions it as a key player in sustainable manufacturing.
Beko earned a score of 75.68 out of 100, placing fourth among all companies in the “manufacturing and industrial production” sectors. It is also noteworthy as the highest-ranking home appliance company.
«Our ranking is a testament to the passionate commitment of our entire team», said Hakan Bulgurlu, CEO of Beko. «At Beko, we firmly believe that a sustainable future begins at home, with each and every one of us. This recognition from TIME and Statista fuels our drive to innovate and redefine what’s possible in our industry. We are committed to developing products that not only make daily life easier but also contribute to a healthier planet for current and future generations».
The TIME and Statista ranking assessed over 5,000 global companies using a comprehensive four-step methodology
- Exclusion of non-sustainable businesses: Companies operating in environmentally damaging industries or facing significant sustainability controversies were excluded.
- Commitment and ratings: Companies were evaluated based on their participation in recognized sustainability initiatives like the Science Based Targets initiative and their performance in assessments such as CDP ratings.
- Reporting and transparency: The availability, quality, and adherence to international standards of companies’ sustainability reports were reviewed.
- Environmental and social stewardship: Key performance indicators related to environmental impact (emissions, energy use, renewable energy adoption) and social responsibility (gender diversity, employee safety, etc.) were analyzed.
Beko’s commitment to sustainability is detailed in its recently published 2023 Sustainability Report, themed “Feels Like Home.” This 16th annual report outlines the company’s progress towards its ambitious goal of becoming a net-zero business by 2050.
The report highlights key achievements including
- Reduced environmental impact: Beko achieved a 64% renewable energy usage rate in its manufacturing operations, saved and recycled 288,973 cubic metres of water, and prevented 6,983 tonnes of CO2 equivalent emission through energy efficiency projects. The company has also recycled 1.75 million units of electronic waste since 2014.
- Earnings from products with lower environmental footprint: Energy-efficient products accounted for 50.2% of Beko’s 2023 turnover, while low-carbon products represented 62.4%.
- Social responsibility: Beko demonstrated its commitment to gender diversity and inclusion through initiatives like the “Her Business Her Power” project, which supported 108 female dealers, and the “500 Women Technicians Project,” which empowered 644 female technicians in 2023.
Beko’s recognition by TIME and Statista is a significant milestone that celebrates the company’s achievements and reinforces its commitment to driving sustainable change. As Beko continues to innovate in sustainability, it sets a powerful example for the industry and inspires a collective effort towards a greener, more sustainable world.
