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The Science Based Targets initiative (Science Based Targets initiative - SBTi ) has approved both the near-term (2030) and long-term (2050) emission reduction targets of Kocaer Çelik Sanayi ve Ticaret A.Ş. Kocaer Çelik is the only Turkish company in the sector whose targets have been approved by the SBTi and remain valid.

As part of our efforts to achieve net-zero emissions by 2050, our company has committed to science-based targets to reduce greenhouse gas emissions from its operations, and these targets have been validated upon the completion of the SBTi verification process.

Under the approved near-term (2030) targets, the company aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% and to reduce Scope 3 emissions per ton of steel produced by 51.6%, compared to the base year 2022.

Under the approved long-term (2050) targets, Scope 1 and Scope 2 emissions are aimed to be reduced by 90%, and Scope 3 emissions per ton of steel produced by 97%, compared to the base year 2022.

These targets have been set in line with the Paris Agreement's goal of limiting global warming to 1.5°C. This approval demonstrates that our emission reduction targets and sustainability roadmap are fully aligned with the scientific criteria of the SBTi across all scopes.

Respectfully announced to the public.