At MT Displays, sustainability isn’t just a goal – it’s our guiding principle. We’re thrilled to announce the release of our latest Sustainability Report for Quarter 1, 2024. In this report, we highlight our roadmap integrating a range of strategies and efforts towards a greener future, focusing on reduction of CO2 emissions, renewable energy, environmental initiatives, and community engagement, in line with Sustainable Development Goals of United Nations.
We are committed to reporting our corporate carbon footprint to authorized institutions by implementing standards by the end of 2024. This proactive approach aligns with preparations to comply with the Carbon Border Adjustment Regulation, preventing additional costs for business partners and promoting environmentally responsible.
From achieving I-REC International Renewable Energy Certification to implementing eco-friendly packaging solutions, our commitment to sustainability shines through in every aspect of our operations. We’re proud to share our progress and invite you to join us in our mission to create a better world for generations to come.
Interested in learning more about our sustainability efforts? Explore our initiatives in detail, from renewable energy projects to social responsibility initiatives, and discover how we’re making a positive impact on the environment and our communities. Thank you for your continued support as we work towards a more sustainable future together. Download the full report below.
As MT DISPLAYS, we aim to apply and develop a model that meets today’s needs without sacrificing the needs of future generations.
This means that we are responsible from organizing all our activities and the management of our organization to help everyone gain their potential and increase their quality of life by protecting and increasing the natural wealth of the world.
We are aware that sustainable development can only be achieved if environmental, economic and social sustainability are together. We believe that healthy and conscious societies will emerge as a result of acting in an environmentally conscious manner, while at the same time acting in an environmentally conscious manner can contribute to the country’s economy as a result of efficient and conscious use of limited resources.
To spread the environmental and social sustainability awareness throughout our supply chain, we work with suppliers that supply materials for which our productions do not contain minerals that are harmful to the environment, prohibited from use in conflict-seeking regions, in addition, we do not strictly employ child laborers, we use products we supply from suppliers that child workers are not employed.
We are committed to integrating and developing sustainability awareness into our business processes. Our goal is to take an active role in every field we can be effective in achieving sustainability. We are committed to being transparent in measuring our sustainability performance.
With the Paris Climate Agreement, the EU Green Agreement, and ISO London Declaration, steps have been taken to reduce greenhouse gas emissions in the world. With the Green Deal, EU countries aim to reduce their carbon emissions by 55 percent by 2030 compared to 1990, and to be the first carbon neutral continent by 2050.
In addition, The Council of Europe has reached an agreement with the letter “Regulation of the European Parliament and of the Council Establishing a Carbon Border Adjustment Mechanism” (CBAM) dated March 15, 2022. The aim is to prevent carbon leakage caused by companies shifting their production to countries with less emission restrictions. Carbon Border Adjustment Regulation and Its Impact on Trade This mechanism means that a cost equivalent to the carbon costs of designated goods produced within the borders of the European Union is applied to the same products imported into the European Union under the Emissions Trading System (ETS). It is seen that the importer within the borders of the European Union will receive a CBAM certificate within the scope of ETS, according to the greenhouse gas amounts of the product to be imported, in the import of the products in certain sectors.
Which Sectors are Specified?
In the draft accepted by the Council, it was stated that the mechanism would be applied to the iron-steel, cement, aluminum, fertilizer, and electricity sectors, which have the highest risk of carbon leakage, and the products in these sectors were determined on the basis of tariff position.
How will CBAM be implemented?
A transition period that does not bring financial responsibility will be implemented in a 3-year period (in consideration to extend by 1 year) starting from 2023, and it will be implemented in real terms from beginning of 2026. During the transition period, importers will be expected to report quarterly on the direct and indirect emissions of their imports. It is mentioned that in 2026, importers will have financial responsibilities within the scope of CBAM and accordingly, they will submit an annual declaration regarding the CBAM certificates they have purchased.
In London Declaration, September 2021, International Organization for Standardization (ISO) with its members, stakeholders and partners, declared to speed up to achieve the Standards and publications of Paris Agreement, United Nations Sustainable Development Goals and United Nations Call for Action on Adaptation and Resilience targets. Including Turkish Standards Institute (TSE), a total of 124 members of ISO, are parties to this agreement.
EN ISO 14064-1:2019 is the Standard for Greenhouse Gases and EN ISO 50001 is the Standard for Energy Management. These Standards are in interaction with both National MRV Program in Turkey and European CBAM Certification.
In order to get our corporate carbon footprint reported by the authorized institutions, we implement all of the standards of ISO 50001 Energy Management and ISO 14064-1 Carbon Footprint Calculation Systems by the end of 2022, and we run these systems all through 2023 and 2024.
Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are such sources that are constantly being replenished. Renewable energy sources are plentiful and all around us. All renewable energy sources like solar, wind, geothermal, hydropower, wave and tidal power are forms of sustainable energy. These energy sources have been here for centuries and are here to stay till life is available on earth.
Fossil fuels – coal, oil and gas – on the other hand, are non-renewable resources that take hundreds of millions of years to form. Fossil fuels, when burned to produce energy, cause harmful greenhouse gas emissions, such as carbon dioxide. Generating renewable energy creates far lower emissions than burning fossil fuels. Transitioning from fossil fuels to renewable energy is key to addressing the climate crisis.
Taking responsibility for the future of our planet, MT Displays received I-REC International Renewable Energy Certificate, representing 4 800 MWh of electricity generated from renewable sources, relating to electricity consumption from Kiyikoy wind-farm energy source in respect of the reporting period 01.01.2024 to 31.12.2024.
Definition of Zero Waste, adopted by the ZWIA board December 2018: “The conservation of all resources by means of responsible production, consumption, reuse, and recovery of products, packaging, and materials without burning and with no discharges to land, water, or air that threaten the environment or human health.”
On all of our plants, our top priority is quality and our certified quality management system meets international standards. We harmonize technology with ecology, implement innovative energy concepts and promote an effective management of production waste and recycling.
