Investment holding company
Founded 1926 and controlled by the Koc family, it is the largest industrial and services group in Turkey by revenue, exports, employees and market capitalisation. Sectors include energy, automotive, consumer durables and finance.
|Koc Holding AS||TUR||website|
|Koc Holding AS|
This company received a score of 15.5/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
Tupras, Turkey's sole oil refiner and subsidiary of Koc Holdings, has agreed to pay 55 million lira (US$22 million) after negotiating down with authorities a much higher tax demand and fines reported in a filing to the stock exchange. Turpras had faced a total payment of 160 million lira, including a tax demand for 65.6 million lira and fines of 94.4 million lira, for between 2009 and 2013. After negotiation with the Central Reconcilement Commission an agreement was reached including interest expenses in lieu of the previous demands.
Source: news article (2015)
In 2013 Tofas, the car making arm of this company, was ordered to pay 67.5 million lira (US$33.3 million) in taxes and fines for 2008-2010. The fine came after the banking arm of this company, Yapi Kredi, was ordered by the Turkish tax authorities to pay penalties totaling TL 103.2 million (US$50.61 million).
Source: news article (2013)
In 2014 Turkey's competition regulator fined Koc Holdings subsidiary Tupras, the country's sole oil refiner, 412 million lira (US$186 million) for abusing its dominant market position in pricing and contracts.
Source: news article (2014)
Founded in 1969 by Vehbi Koc and one of Turkeys first charitable foundations, the Foundation started to carry out extensive activities in the field of education, health and culture. The Foundation aims to contribute to the rapid development of Turkey.
Source: company website (2016)
This company has extensive corporate social responsibility claims on its website including CSR Reports, social development, environmentally friendly practices, and social responsibility projects.
Source: company website (2016)
This company received an S&P Global ESG Score of 50/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
|Revenue||19 billion USD (2016)|
Consumer electronics, household appliances
Established in 1955 by Vehbi Koc. It has 15 production facilities in 6 countries, supplying its 10 brands to 130 countries. Brands include Beko and Grundig.
- Beko A and NZ Pty Ltd
Sales and service of household appliances.
Products / BrandsBeko Australia
Beko Air Conditioners
Beko Fridges & Freezers
Beko Ovens & Cooktops
Beko Washing Machines & Dryers
Beko Coffee Machines
Beko Vacuum Cleaners