CEO
Message

At Biotrend, a transformation story is always at the heart of our operations. We act with the vision of turning waste back into the economy, converting it into energy, aligning our environmental responsibilities with strategic goals, and transforming our shared value approach into tangible social contributions. The year 2024 marked the transition of this transformation mindset from merely an operational approach to a strategic framework. With the motto “Transformation is in Our Nature”, we laid the foundations of our sustainability strategy. Our integrated sustainability strategy is shaped around three main pillars: From Waste to Value, From Climate to Balance, and Together for the Future.

Our From Waste to Value pillar lies at the core of Biotrend’s business model. In 2024, we produced 91,318 tons of Refuse-Derived Fuel at our facilities, recovered 13,735 tons of packaging waste, and continued to enhance our energy production efficiency. By the end of the year, our installed capacity reached 114.2 MWe, steadily progressing toward our 2030 target of 150 MWe. These activities, which strengthen the circular economy, not only protect the environment but also contribute significantly to our financial performance. Since 2022, our carbon credit revenues have reached USD 8.1 million, with over USD 800,000 generated in 2024 alone.

The From Climate to Balance pillar of our sustainability strategy translates our environmental responsibility into strategic objectives. Our 2050 net-zero target, announced in 2024, became the cornerstone of our long-term vision. As of 2024, our Scope 1 and 2 emissions totaled 951,193.5 tons CO2e, with a goal to reduce them by 23% by 2030. Our biomass plants achieved a capacity factor of 85.49%, and our biogas plants 53.95%; we aim to raise these ratios to 90% and 70%, respectively, in the coming period.

The Together for the Future pillar represents the social dimension of sustainability, reflecting our contribution from employees to society. In 2024, women accounted for 21% of our workforce, with a target of 25% by 2030. Average training per employee was 44.5 hours, and we continue to invest in increasing this by 25% in the coming years. We remain committed to reducing accident frequency and severity rates each year in line with our occupational health and safety targets.

2024 was also a year of recognition for our achievements. Our Sivas Soilless Glass Greenhouse received the “Energy is Our Future Awards” in the circular economy category at the Turkey Energy and Climate Forum. Additionally, we were named “Company Excelling in Waste Management of the Year” at the Boğaziçi Environmental Awards, reaffirming our leadership in environmental and circular economy efforts.

As a result of our determined efforts, Biotrend was included in the Borsa Istanbul Sustainability Index in Q2 2025. This achievement reflects the tangible steps we have taken at the corporate level in sustainability and signals our determination to accomplish even more in the future. We aim to continuously improve our performance and remain among the leading companies in sustainability within our sector.

The year 2024 shaped not only Biotrend’s present but also its future. Every step we take meets today’s needs while laying the foundation for a more resilient, innovative, and responsible Biotrend in tomorrow’s world. It is with great pleasure that we present our second sustainability report to you, our valued stakeholders, and I extend my gratitude to all those involved in its preparation, especially our colleagues.

Sincerely,
Özgür Umut Eroğlu
CEO

Board of Directors
Chairman’s Message

The global crises caused by climate change, rising pollution, the rapid depletion of natural resources, and pressures on ecosystems present the greatest challenges facing our world. This reality has made sustainability not just a voluntary initiative but a strategic necessity at the core of business decisions. Today, corporate responsibility goes beyond generating economic value; reducing environmental risks, increasing social benefit, and building a strong governance culture are integral components of corporate success.

With the motto “Transformation is in Our Nature”, we established our first sustainability strategy with concrete targets in environmental, social, and governance areas. This strategy serves as a roadmap that guides our long-term vision, continuously improves our performance, and clarifies the steps we will take toward 2030. Our 2050 net-zero target clearly demonstrates our commitment to combating climate change.

Being included in the Borsa Istanbul Sustainability Index in Q2 2025 confirmed that our efforts are recognized not only operationally but also at the corporate level.

Legal developments in Turkey further emphasize the importance of this effort. The Turkish Sustainability Reporting Standards (TSRS), effective as of 2024, make transparency and accountability mandatory for businesses, while the Climate Law, effective July 2025, legally enforces the country’s net-zero ambition. These developments send a clear message to the business world: sustainability is no longer just a good-will approach; it is a requirement that directly shapes capital flows, investment decisions, and competitiveness.

Biotrend does not view this new framework merely as an obligation to comply with. On the contrary, we see it as an opportunity to further integrate our inherently sustainable business model with corporate strategy. Throughout 2024, we expanded our circular-economy-focused projects in waste management and energy production operations, accelerated investments in energy efficiency, and implemented clean technologies. Through local and international partnerships, we not only reduced our environmental impact but also strengthened our capacity to generate social value.

At Biotrend, we believe that small steps lead to significant transformations. The strategic groundwork laid in 2024 addresses not only today’s requirements but also paves the way for a more resilient, responsible, and competitive company in the future. We thank our employees, partners, and all stakeholders who trust us in this critical milestone, and together, we are committed to creating a fairer, more livable, and sustainable future.

Sincerely,
İlhan Doğan
Chairman of the Board

Déchets transformés
en valeur

Nous réintégrons les ressources dans l'économie dans une perspective circulaire. Grâce aux solutions d'économie circulaire, aux crédits carbone, au financement durable, ainsi qu'aux initiatives de R&D et d'innovation, nous créons de la valeur à partir des déchets.

Nos Objectifs de Durabilité:

• • Diversification des types de déchets éliminés et mise en œuvre de nouvelles technologies d'ici 2035
• • Augmenter la capacité installée à 150 MWe d'ici 2030
• • Récupérer 118 000 tonnes de déchets dans nos installations de tri mécanique d'ici 2030
• • Produire 669 000 tonnes de Combustible Dérivé de Déchets (CDD) d'ici 2030
• • Vendre 12,8 millions de tonnes de crédits carbone d'ici 2030
• • Porter les revenus hors électricité à 14 % du total des revenus d'ici 2030
• • Amener le facteur de capacité des centrales biomasse à 90 % d'ici 2030
• • Amener le facteur de capacité des centrales biogaz à 70 % d'ici 2030

Climat en
équilibre

Avec notre modèle économique de valorisation énergétique des déchets, nous luttons contre le changement climatique et réduisons nos impacts opérationnels. Nous améliorons continuellement nos performances en matière de réduction des émissions de carbone, d'efficacité énergétique, ainsi que de gestion de l'eau et des eaux usées.

Nos Objectifs de Durabilité:

• • Réduire les émissions de portée 1 et 2 de 23 % d'ici 2030 (par rapport à l'année de référence 2024)
• • Atteindre la neutralité carbone d'ici 2050
• • Réduire la consommation de carburant des engins de chantier de 22 % d'ici 2030
• • Installer d'ici 2028 au moins une centrale solaire en toiture (CES) pour répondre aux besoins internes
• • Valoriser la chaleur résiduelle existante dans les installations de production d'énergie pour la vente de vapeur & chaleur d'ici 2035

Ensemble pour
l'avenir

Nous construisons un environnement de travail sûr, équitable et inclusif, tout en créant de la valeur pour nos parties prenantes. Nous poursuivons nos avancées en renforçant nos efforts dans les domaines de la santé et de la sécurité au travail, de l'inclusion et de l'égalité, ainsi que de l'engagement des parties prenantes.

Notre Objectif de Durabilité:

• • Augmenter le taux de femmes employées à 25 % d'ici 2030
• • Augmenter la durée totale de formation par personne de 25 % d'ici 2030
• • Réduire le taux de fréquence des accidents avec arrêt de travail à moins de 12 d'ici 2030 et le maintenir en dessous de cette limite chaque année
• • Réduire le taux de gravité des accidents à moins de 1 d'ici 2030 et le maintenir en dessous de cette limite chaque année