OYAK Cement, the Turkish cement brand of global cement giant Cimpor, which is owned by TCC Group Holdings, has achieved a major milestone by reaping the rewards of its sustainability-focused growth strategy. As the market and capacity leader of the Turkish cement industry, OYAK Cement has qualified for inclusion in the BIST Sustainability Indices.
The BIST Sustainability Index and the BIST Sustainability 25 Index, which include shares of companies listed on Borsa Istanbul with high sustainability performance, provide an important platform for companies to showcase their efforts in this field, while also offering a reliable basis for investors who invest in line with ESG criteria.
“We Are Reinforcing Our Commitment to Long-Term Value Creation”
Commenting on the achievement, Eralp Tunçsoy, Vice Chairman of the Board of Directors of OYAK Cement and Global CFO of CIMPOR, emphasized that this success represents a strategic turning point and stated:
“Our inclusion in the BIST Sustainability Index, as a result of our joint global initiatives with CIMPOR and our investments that shape the Turkish cement sector, is a concrete indication not only of OYAK Cement’s strong financial performance but also of its commitment to environmental and social responsibility. Under the umbrella of global cement giant TCC Group Holdings, our ‘Local Player on a Global Scale’ vision, the innovative steps we have taken toward our 2050 Net-Zero target, our leadership in the use of alternative fuels, and our success in international-standard reporting are the key elements that differentiate us in the sector. This achievement reinforces our commitment to creating long-term value for all our stakeholders. With the contributions of our employees and business partners, we will continue to lead our industry on our journey to building a sustainable future.”
OYAK Cement CEO Murat Sela also shared his views, stating:
“Our inclusion in the BIST Sustainability Indices is one of the most prestigious validations of the sustainability journey that we at OYAK Cement have been pursuing meticulously for many years. In line with our responsible business approach and our goal of creating long-term value in the environmental, social, and corporate governance areas, we will continue to place sustainability at the core of all our business processes.”
Sustainability as the Foundation of Financial Success
By combining economic, environmental, and social factors with corporate governance principles to create long-term value, OYAK Cement continues to strengthen its leadership position in the sector through innovative practices. As the first group in Türkiye to set and verify a Net-Zero target, and by presenting one of the most ambitious reduction plans in Europe, OYAK Cement remains firmly committed to its goal of a carbon-free future by 2050.
In line with this vision, the company has made approximately EUR 400 million in sustainability-focused investments globally over the past two years, aiming both to reduce environmental impact and to increase long-term profitability. As a tangible reflection of its environmentally friendly approach, OYAK Cement sourced 28.6% of its total thermal energy from alternative fuels as of 2024—more than double the Turkish average—positioning the company among the sector’s pioneers.
In addition, OYAK Cement published its first report in 2024 in accordance with the Turkish Sustainability Reporting Standards (TSRS), transparently sharing its sustainability strategies and climate risk management approaches in line with national and international standards.
About CIMPOR / OYAK Cement
As a pioneer of many firsts in the Turkish cement and concrete industry, OYAK Cement stands out today as one of the most prominent players in the industry with its strong financial performance, sustainability-driven strategies, and innovative practices. While maintaining its leadership position in the Turkish market, the company continues to move forward decisively toward even greater future ambitions.
Its focus on analyzing global cement demand, investing in new markets, fostering innovation, and contributing to sustainable growth forms the foundation of this major transformation. The acquisition of the Portugal and Cape Verde operations of CIMPOR—Portugal’s oldest and most established cement brand—in 2019 was one of the key steps in expanding OYAK Cement’s international presence.
In 2024, CIMPOR and OYAK Cement took a historic step by joining forces under the umbrella of global cement giant TCC Group Holdings, which has invested USD 2.15 billion in the Turkish cement sector. Following this merger, TCC Group became the third-largest cement producer in the world (excluding China). Operating under TCC Group, CIMPOR has further strengthened its position in global markets, while continuing its operations in the Turkish construction and building materials sector under the OYAK Cement brand.
Advancing more strongly on the global stage with the CIMPOR brand, the company continues to grow, evolve, and make a difference in the sector through its commitment to environmental responsibility and higher product quality in this new era.
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