Koç Holding targets 85 percent reduction in freshwater use by 2040

Koç Holding CEO Levent Çakıroğlu has announced a strategic goal to reduce freshwater withdrawal in the company's Turkish operations by 85 percent by the year 2040. Speaking at the COP31 area in Antalya, Çakıroğlu emphasized that the group views climate change as a tangible business risk and a driver for innovation.

Çakıroğlu noted that improving efficiency in energy and water usage makes the company's cost structure more competitive. He also highlighted the importance of meeting European Union regulations, particularly in the automotive and white goods sectors, as Europe remains a primary market for the holding. The company aims to leverage green transformation to differentiate its products through technological advancement and resource efficiency.