[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
Related Companies
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Company Compliance Status
Explanation
Report Information on Publicly Disclosed Information (Page number, menu name on the website)
Yes
Partial
No
Not Applicable
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Sustainability Compliance Report
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A. GENERAL PRINCIPLES
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A1. Strategy, Policy and Goals
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A1.1. The prioritised environmental, social and corporate governance (ESG) issues, risks and opportunities have been determined by the Company's Board of Directors.
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All our ESG efforts are carried out based on the Pegasus Airlines Corporate Sustainability Policy adopted by the Board of Directors. See relevant section in our 2024 Annual Report and Sustainability Report for details.
Pegasus Airlines Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Airlines Sustainability Hub; https://www.flypgs.com/sustainability Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 29-31; 2024 Annual Report, Pages 1-5, 26-34, 49-51
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A1.1. The ESG policies (Environmental Policy, Energy Policy, Human Rights and Employee Policy etc.) have been created and disclosed to the public by the Company's Board of Directors.
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Various other policies are adopted that support our sustainability (ESG) framework. See relevant section in our 2024 Annual Report for details.
Pegasus Airlines, Policies (Corporate Sustainability Policy, Corporate Social Responsibility Policy, Donations and Charitable Contributions Policy, Information Policy Anti-Bribery and Anti-Corruption Policy, Policy on Representation in the Board of Directors, Compensation and Indemnification Policy, Dividend Policy, Share Buyback Policy, Ethical Behavior Guide); https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Airlines, Other Policies (Environmental Policy Quality Policy, Safety Policy, Occupational Health and Safety Policy, Information Security Policy, Privacy Policy Human Resources Policy, Compensation Management Policy); https://www.pegasusinvestorrelations.com/en/corporate-governance/sustainability https://www.flypgs.com/en/about-pegasus/policies https://www.flypgs.com/en/careers/our-human-resources-policy https://www.pegasusinvestorrelations.com/en/corporate-governance/sustainability
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A1.2. The short and long-term targets set within the scope of ESG policies have been disclosed to the public.
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We are among the world’s leading airlines to join IATA’s 2050 Net Zero Target. We strengthened our 2050 net zero commitment by setting an interim carbon emissions intensity goal for 2030. With this target, we aim to decrease flight-related carbon emissions per unit passenger km (RPK) by 20% by 2030, compared to 2019. We are one of the first airlines in the world to join IATA's "25by2025" initiative, a voluntary campaign for IATA member airlines to improve female representation in the industry by 25%, or up to a minimum of 25% by 2025. We revised our "Policy on Representation in the Board of Directors'' as a solid commitment to the campaign, stating there would be a minimum female representation of 25% on the Board of Directors by 2025. We achieved the targeted ratio for the Board of Directors in 2022.
2024 Annual Report, Pages 1-5, 12-18, 26-34, 51; Pegasus CDP Report 2024,C7-Environmental performance - Climate Change, Pages 227-229; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Target Our 2050 Net Zero Carbon Emissions Journey | Pegasus Airlines; https://www.flypgs.com/en/our-2050-net-zero-carbon-emissions-journey?v=234a https://www.flypgs.com/surdurulebilirlik/2050-net-sifir-karbon-emisyonu-yolculugumuz?v=284 Our Diversity & Inclusion Initiatives, Our Gender Diversity Initiatives; https://www.flypgs.com/en/our-diversity-inclusion-initiatives?v=245a Pegasus Airlines Sustainability Hub; https://www.flypgs.com/sustainability
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A2. Implementation/Monitoring
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A2.1. The responsible committees and/or business units for the implementation of ESG policies and the senior officials related to ESG issues in the Company and their duties have been identified and disclosed to the public.
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Authority, duty and responsibilities have been determined with considerable vertical depth and horizontal breadth across the organization. A Sustainability Director directly reporting to the CEO is responsible for coordinating all sustainability (ESG) efforts. See relevant section in our 2024 Annual Report and Sustainability Report for details.
2024 Annual Report, Pages 1-5, 12-18, 26-34, 51-52; Pegasus CDP Report 2024, C.4.3.1, Pages 48-50; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C4 Governance, Pages 37-67 Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 29-31
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A2.1. The activities carried out within the scope of policies by the responsible committee and/or unit have been reported to the Board of Directors at least once a year.
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In 2022, our three-year sustainability (ESG) roadmap was presented to and was endorsed by the Board of Directors. Also in 2022, we developed a risk & opportunity framework under the auspices of the Corporate Governance Committee and incorporated ESG-related risks in our corporate risk ledger, subject to periodic review by the Risk Committee. Committee review takes place quarterly. Board review takes place annually and Board reporting is carried out quarterly.
2024 Annual Report, Pages 1-5, 12-18, 26-34, 51-52; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C4-Governance, Pages 37-67 Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Sustainability Framework About Us & Our Sustainability Framework | Pegasus Airlines; https://www.flypgs.com/en/sustainability/about-pegasus-airlines-and-our-sustainability-framework?v=123a
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A2.2. In line with the ESG targets, the implementation and action plans have been formed and disclosed to the public.
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In 2022, sustainability (ESG) was integrated into our main strategic roadmap by our Board of Directors. The framework endorsed by the Board of Directors identifies 24 specific initiatives targeted for completion between 2022 and 2025. In 2022, we launched our Sustainability Hub on our website flypgs.com. This section is dedicated to our sustainability efforts. It is meant to provide clear and accessible information on why sustainability is important to us and our relevant actions for anyone who is interested. In 2024, we published our first sustainability report and included all our sustainability efforts in this report.
2024 Annual Report, Pages 1-5, 12-18, 26-34, 52-53; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 11-21;
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A2.3. The Key ESG Performance Indicators (KPI) and the level of reaching these indicators have been disclosed to the public on yearly basis.
X
Since 2021, we disclose our main ESG KPIs as part of our Annual Reports. Changes and trends are analyzed in the management’s discussion & analysis section. In 2023, we publicly shared our key target indicators and the environmental, social and governance data we monitor with our Sustainability Report. See relevant section in our 2024 Annual Report and Sustainability Report for details.
2024 Annual Report, Pages 1-5, 12-18, 26-34, 53; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Our Initiatives Towards Expanding Sustainability Culture Across the Value Chain | Pegasus Airlines; https://www.flypgs.com/en/our-initiatives-towards-expanding-sustainability-culture-across-the-value-chain?v=123a UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-91;
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A2.4. The activities for improving the sustainability performance of the business processes or products and services have been disclosed to the public.
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We publicly disclose activities aimed at improving the sustainability performance of our business processes, products, and services through our Corporate Sustainability KPIs, as well as through our Corporate Sustainability Reports, Annual Activity Reports, Sustainability Reports, Investor Presentations, and specific statements (Pegasus Press Releases). For detailed information, please refer to the relevant sections of our 2024 Activity Report and Sustainability Report.
2024 Annual Report, Pages 12-18, 26-34, 53; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Press Room; https://www.flypgs.com/en/press-room Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx Pegasus Airlines Investor Presentations; https://www.pegasusinvestorrelations.com/en/investor-package/investor-presentations
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A3. Reporting
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A3.1. The information about the sustainability performance, targets and actions have been given in annual reports of the Company an understandable, accurate and sufficient manner.
X
Please refer to explanations in A2.2, A2.3 and A2.4 above. Additional information to our Sustainability Compliance Report is annexed to our Annual Report and Pegasus Sustainability Report. All information is provided accurately in a clear and concise manner.
2024 Annual Report, Pages 26-34, 54; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx
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A3.2. The information about activities which are related to the United Nations (UN) 2030 Sustainable Development Goals have been disclosed to the public.
X
Our Annual Report provides a conceptual framework identifying the UN Sustainable Development Goals we contribute to and how we aim to do that. Further information on how our operations link to the UN Sustainable Development Goals is provided in our UN Global Compact Communication on Progress. Our Sustainability Report shares the actions we have taken and our future plans regarding our contributions to the UN Sustainable Development Goals, as well as the projects related to this topic
2024 Annual Report, Page 54; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 16-17
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A3.3. The lawsuits filed and/or concluded against the Company about ESG issues which are material in terms of ESG policies and/or will significantly affect the Company's activities, have been disclosed to the public.
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There is no material litigation falling within the scope of this reporting item. General information on files and/or finalized lawsuits is provided in Sections 4F and 4H of our Annual Report.
2024 Annual Report, Pages 26-34, 54.
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A4. Verification
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A4.1. The Company's Key ESG Performance metrics have been verified by an independent third party and publicly disclosed.
X
We obtain third party verification for data disclosed in our CDP Report, on our CORSIA reporting and also on our Corporate Governance Rating. As part of the sustainability linked loan financing secured for 10 Airbus 321neo aircraft, our sustainability KPIs were verified by a second party opinion provided by an independent ESG ratings and analytics agency as to their alignment with sustainable finance principles. Under the ISO 14064-1 standard, the calculation and verification of emissions arising from all our operations are carried out. Detailed information regarding the verification is publicly shared in our Sustainability Report.
Pegasus Airlines CDP Report - 2024, C7-Environmental performance - Climate Change, C13-Further information & sign off, Pages 121-126, 269-271; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx Pegasus Corporate Governance Rating Reports, 2024 Report; https://www.pegasusinvestorrelations.com/en/corporate-governance/corporate-governance-rating Pegasus Airlines Press Room: Aircraft Financing; https://www.flypgs.com/en/press-room/press-releases/pegasus-airlines-closes-the-first-ever-sustainability-linked-aircraft-secured-term-loan-with-ex-im- Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Page 92
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B. ENVIRONMENTAL PRINCIPLES
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B1. The policies and practices, action plans, environmental management systems (known by the ISO 14001 standard) and programs have been disclosed.
X
We are committed to constantly improving our system by realizing environmental targets, enhance environmental performance, prevention of pollution and protecting the environment, complying with applicable laws and all applicable standards, creating sustainable environmental awareness in our passenger and cargo air transportation activities. Our environmental targets and deliverables are set out in the Pegasus Airlines Sustainability Hub, Sustainability Report and our environmental reporting under CDP and UN Global Compact Communication on Progress.
Environmental Policy; https://www.pegasusinvestorrelations.com/medium/image/environmental-policy_764/view.aspx ISO 14001 Environmental Management System Certificate; https://www.pegasusinvestorrelations.com/medium/image/iso-14001-environmental-management-system-certificate_1358/view.aspx Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Target; Pegasus Airlines CDP Report – 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Page 59-61
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B2. The environmental reports prepared to provide information on environmental management have been disclosed to the public which is inculiding the scope, reporting period, reporting date and limitations about the reporting conditions.
X
Our ISO 14001 Environmental Management System geographically covers our headquarters located in Pendik, Istanbul and our facilities at Istanbul Sabiha Gökçen, Izmir Adnan Menderes and Antalya Airports. The scope and conditions relating to our CDP greenhouse gas inventory and water utilization inventory monitoring and reporting is provided in our CDP reports. We comprehensively share the scope of our environmental management system, how it is addressed, and how it is managed in our 2023 Sustainability Report.
ISO 14001 Environmental Management System Certificate; https://www.pegasusinvestorrelations.com/medium/image/iso-14001-environmental-management-system-certificate_1358/view.aspx Pegasus Airlines CDP Report – 2024, C1- Introduction, Pages 1-6; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Page 59-61
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B4. The environmental targets within the scope of performance incentive systems which included in the rewarding criteria have been disclosed to the public on the basis of stakeholders (such as members of the Board of Directors, managers and employees).
X
There are various environmental target related performance incentives applicable to certain members of senior management as well as employees from different departments. In 2022, we launched a brand-new employee recommendation system “FLYDEA”, whereby employees are encouraged to submit innovative ideas on improving our business. Ideas are welcomed in eight categories, one of them being Sustainability, Environment & OHS. Ideas are evaluated by a tiered review system, voted by employees and selected ideas are scheduled for implementation while those submitting the ideas are rewarded.
2024 Annual Report, Pages 55; Pegasus CDP Report - 2024, C4- Governance, Pages 37-67;https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx
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B5. How the prioritised environmental issues have been integrated into business objectives and strategies has been disclosed.
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Since 2021, we disclose our main ESG KPIs as part of our Annual Reports. Changes and trends are analyzed in the management’s discussion & analysis section. As of 2022, we supplement this set of data with additional ESG KPIs and a presentation of lean & efficient operations with environmental impact. In 2024, we publicly shared our materiality matrix in our Sustainability Report, along with how each issue is addressed and integrated into our strategy in alignment with our goals. ESG performance is presented to investors as part of our quarterly results presentation. Furthermore, our Sustainability Hub provides a clear description of how we view sustainability and integrate sustainability into our business model. Our CDP Climate Change Report further identifies how climate related risks, and their impact are evaluated and addressed. See our 2024 Annual Report and Sustainability Report for details.
2024 Annual Report, Pages 55; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Investor Presentations, ESG Information Section; https://www.pegasusinvestorrelations.com/en/investor-package/investor-presentations Pegasus Airlines Lean & Efficient Operations with Environmental Impact and Additional Performance Indicator; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx Pegasus CDP 2024, C2- Identification, assessment, and management of dependencies, impacts, risks, and opportunities, C3- Risks and Opportunities, Pages 7-36; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 30-33
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B7. The way of how environmental issues has been managed and integrated into business objectives and strategies throughout the Company's value chain, including the operational process, suppliers and customers has been disclosed.
X
As part of our Corporate Sustainability Policy, we are committed to continuously improve our sustainability compliance framework by raising stakeholder awareness on corporate sustainability. We have plans and works in place to strengthen and infuse our sustainability initiatives across our value chain. Our approach to our value chain is set out in the Pegasus Sustainability Compliance Framework, under which we aim to collaborate with our stakeholders to improve ESG performance across our value chain. We aim to implement these measures in the coming years.
2024 Annual Report, Pages 55-56; Pegasus Airlines Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/medium/image/corporate-sustainability-policy_1024/view.aspx Pegasus CDP Report 2024, C12. Engagement, Pages 62-69; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Investor Presentations, ESG slides; https://www.pegasusinvestorrelations.com/en/investor-package/investor-presentations Pegasus Airlines Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
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B8. Whether the Company have been involved to environmental related organizations and non-governmental organizations' policy making processes and collabrations with these organizations has been disclosed.
X
Exploring partnerships with stakeholders and non-governmental organizations is part of our sustainability (ESG) strategy. In 2024, we have been involved in policy work with ministries and other regulatory authorities, aviation stakeholders, non-governmental organizations, universities and private enterprises within and outside of the aviation industry. See relevant section in our 2024 Annual Report and Sustainability Report for details.
2024 Annual Report, Pages 55-56; Pegasus CDP Report 2024, C4-Governance, Pages 60-67; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 78-81
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B9. In the light of environmental indicators (Greenhouse gas emissions (Scope-1 (Direct), Scope-2 (Energy indirect), Scope-3 (Other indirect), air quality, energy management, water and wastewater management, waste management, biodiversity impacts)), information on environmental impacts is periodically disclosed to the public in a comparable manner.
X
Environmental impact information with targets and comparable with previous performance is mainly provided in our CDP reports and our Sustainability report but are also communicated through different regular and specific reports.
Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business Strategy, Sayfa 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238 C9-Environmental performance - Water security, Pages 239-261 C10-Environmental performance - Plastics, Pages 262 C11-Environmental performance - Biodiversity, Pages 263-268 UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-92
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B10. Details of the standard, protocol, methodology, and baseline year used to collect and calculate data has been disclosed.
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Applicable standards, protocols, methodologies and base year details are provided in our reporting under Sustainability Report, CDP and CORSIA.
2024 Annual Report, Page 57; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238 Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 55-65
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B11. The increase or decrease in Company's environmental indicators as of the reporting year has been comparatively disclosed with previous years.
X
Details on indicators compared against previous years are covered in our reporting under Annual Reporting of main ESG KPIs, our reporting under Sustainability Report, CDP and UN Global Compact, our monthly traffic results and specific initiative presentations.
2024 Annual Report, Pages 57; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238 C9-Environmental performance - Water security, Pages 239-261 C10-Environmental performance - Plastics, Pages 262 C11-Environmental performance - Biodiversity, Pages 263-268 UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Comparative Traffic Data; https://www.pegasusinvestorrelations.com/en/operational-information/traffic-data Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 55-65
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B12. The short and long-term targets for reducing the environmental impacts have been determined and the progress compared to previous years' targets has been disclosed.
X
We disclose our short and long-term targets on environmental impact on our Sustainability Hub and in our reporting under Annual Reporting of main ESG KPIs, Sustain ability Report, CDP and UN Global Compact. We also provide progress information in our monthly traffic results and specific initiative presentations.
2024 Annual Report, Pages 57; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238 Comparative Traffic Data; https://www.pegasusinvestorrelations.com/en/operational-information/traffic-data Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 55-65
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B13. A strategy to combat the climate crisis has been created and the planned actions have been publicly disclosed.
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In 2021, we were among the leading airlines in the world to join the “2050 Net Zero Carbon Emissions” target adopted at the 77th Annual General Assembly of International Air Transport Association (IATA). Also in 2021, we further strengthened this commitment by setting our interim carbon emissions target for 2030. Accordingly, we are aiming to reduce flight related carbon emissions per unit passenger kilometer (RPK) by 20% by 2030, compared to 2019. As of October 2021, we started disclosing our carbon emission data benchmarked against past years as part of our monthly traffic report. Our 2050 Climate Transition Roadmap is published in our Sustainability Hub and Sustainability Report.
2024 Annual Report, Pages 57; Pegasus Airlines Sustainability Hub; ttps://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-92 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business Strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
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B14. The programs/procedures to prevent or minimize the potential negative impact of products and/or services on the environment have been established and disclosed.
X
We disclose such content as part of our Annual Reports, Sustainability Report and through specific initiative presentations. Our CDP reports includes information on how we evaluate and address the environmental impact of our products/services. Furthermore, Pegasus Sustainability Compliance Framework explains how ESG matters are evaluated for future development across the value chain.
2024 Annual Report, Pages 57-58; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business Strategy, Pages 68-98 Pegasus Airlines Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 55-65
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B14. The actions to reduce greenhouse gas emissions of third parties (suppliers, subcontractors, dealers, etc.) have been carried out and disclosed.
X
As part of our Corporate Sustainability Policy, we are committed to continuously improve our sustainability compliance framework by raising stakeholder awareness on corporate sustainability. As part of our company's sustainability strategy, the Pegasus Sustainability Compliance Framework was published to promote best practices throughout our value chain. Efforts to enhance performance continued throughout 2024. We aim to implement these measures in the coming years.
Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability, Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/medium/image/corporate-sustainability-policy_1024/view.aspx Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business Strategy, Pages 68-98 Pegasus Value Chain Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 78-81
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B15. The environmental benefits/gains and cost savings of initiatives/projects that aims reducing environmental impacts have been disclosed.
X
We disclose such content as part of our reporting under CDP, Sustainability Report and through specific initiative presentations.
Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-91 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C2-Identification, assessment, and management of dependencies, impacts, risks, and opportunities, Pages 7-20 C3-Disclosure of risks and opportunities, Pages 21-36 C4-Governance, Pages 37-67 C5-Business strategy, Pages 68-98
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B16. The data related to energy consumption (natural gas, diesel, gasoline, LPG, coal, electricity, heating, cooling, etc.) has been disclosed as Scope-1 and Scope-2.
X
This information is covered in our reporting under CDP and Sustainability Report.
Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 62-65, 87-92 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
oda_InformationRelatedToProductionOfElectricityHeatSteamCoolingDisclosed|http://www.xbrl.org/2003/role/verboseLabel
B17. The information related to production of electricity, heat, steam and cooling as of the reporting year has been disclosed.
X
This information is covered in our reporting under CDP and Sustainability Report.
Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 62-65, 87-92 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
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B18. The studies related to increase the use of renewable energy and transition to zero/low carbon electricity have been conducted and disclosed.
X
As part of our sustainability strategy, we have plans and works to increase use of renewable energy in our operations. In 2023, we introduced electric-powered ground power units (GPUs), passenger stairs producing their own electric power through installed photovoltaic panels, and additional electric tractors in our operations at our main base Istanbul Sabiha Gökçen International Airport. As of 2023, 25% of our motorized mobile equipment at Sabiha Gökçen Airport run on electric power. We aim to increase this ratio in the following years. In line with our renewable energy usage targets, we have started sourcing our electricity consumption from renewable energy sources and certifying it. Detailed information on this topic is shared in our 2024 Annual Activity Report and Sustainability Report.
2024 Annual Report, Page 58; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 62-65 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
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B19. The renewable energy production and usage data has been publicly disclosed.
X
As part of our sustainability strategy, we have plans and works to increase use of renewable energy in our operations. In this context, through I-REC certification, we certified that 4.242 MWh electricity consumption for our headquarters and our Istanbul Sabiha Gökçen International Airport base operations for 2022 are balanced through renewable energy sources. In 2023, we added our General Directorate to our main base, Sabiha Gökçen Airport, and procured our electricity consumption, which is 5,041 MWh in total, from renewable energy plants and certified it with YEK-G.
2024 Annual Report, Page 58; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 62-65 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
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B20. The Company conducted projects about energy efficiency and the amount of reduction on energy consumption and emission achieved through these projects have been disclosed.
X
We disclose such content as part of our reporting under CDP, Sustainability Report and through specific initiative presentations.
2024 Annual Report, Page 58; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 62-65 Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100 C7-Environmental performance - Climate Change, Pages 101-238
oda_WaterConsumptionTheAmountProceduresSourcesOfRecycledAndDischargedWaterFromUndergroundOrAboveGroundDisclosed|http://www.xbrl.org/2003/role/verboseLabel
B21. The water consumption, the amount, procedures and sources of recycled and discharged water from underground or above ground (if any), have been disclosed.
X
Within the scope of CDP reporting, our Water Report comprehensively outlines data related to our water usage. Also, our water usage values are shared in detail in our Sustainability Report.
Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-92 UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C9-Environmental performance - Water security, Pages 239-261
oda_InformationRelatedCompanysOperationsActivitiesAreIncludedInCarbonPricingSystemDisclosed|http://www.xbrl.org/2003/role/verboseLabel
B22. The information related to whether Company's operations or activities are included in any carbon pricing system (Emissions Trading System, Cap & Trade or Carbon Tax).
X
We participate in the carbon offsetting and reduction scheme for international aviation in accordance with ICAO and TDGCA regulations. EU-ETS and UK-ETS are applicable for only a limited number of flights carried out within the European Union or between the European Union, the United Kingdom and Switzerland in the same period. We also comply with carbon tax like measures implemented in various jurisdictions.
2024 Annual Report, Page 59; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 56-65
oda_InformationRelatedToAccumulatedPurchasedCarbonCreditDisclosed|http://www.xbrl.org/2003/role/verboseLabel
B23. The information related to accumulated or purchased carbon credits within the reporting period has been disclosed.
X
Information on carbon credits and usage rights during the reporting period are explained in our 2024 Annual Report, CDP reports and Sustainability Report.
2024 Annual Report, Page 59; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98 Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 56-65
oda_IfCarbonPricingAppliedDetailsDisclosed|http://www.xbrl.org/2003/role/verboseLabel
B24. If carbon pricing is applied within the Company, the details have been disclosed.
X
We use a carbon scheme for our internal use, risk assessment, procurement needs and budgeting, based on our future projections and market price trends for carbon credits and other commodities such as sustainable aviation fuels.
2024 Annual Report, Page 59; Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C5-Business strategy, Pages 68-98
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B25. The platforms where the Company discloses its environmental information have been disclosed.
X
We report environmental performance through a number of platforms referred to in this document. See relevant section in our 2024 Annual Report and Sustainability Report for details.
2024 Annual Report, Page 59; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 87-92
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C. SOCIAL PRINCIPLES
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C1. Human Rights and Employee Rights
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C1.1. The Institutional Human Rights and Employee Rights Policy has been established in the ligh of the Universal Declaration of Human Rights, ILO Conventions ratified by Turkey and other relevant legislation. The policy and the officals that responsible for the implementation of it have been determined and disclosed.
X
Full compliance commitment with the legal framework on human rights and employment and related roles and responsibilities are covered in various sections of the Pegasus Airlines Ethical Behavior Guide, Pegasus Airlines Human Resources Policy, Pegasus Airlines Compensation and Indemnification Policy and Pegasus Airlines Compensation Management Policy. We are the first airline in Türkiye to commit to the United Nations Global Impact. Thereby, we committed to comply with the ten principles regarding human rights, labor, environment and anti-corruption.
2024 Annual Report, Pages 60; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Ethical Behaviour Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Wage Management Policy; https://www.flypgs.com/kariyer-pegasus/pegasus-ucret-yonetimi-politikasi#:~:text=Pegasus%20%C3%9Ccret%20Y%C3%B6netimi%20Politikas%C4%B1'n%C4%B1n,sistemlerini%20tasarlamak%20ve%20hayata%20ge%C3%A7irmektir. Pegasus Airlines Compensation and Indemnification Policy; https://www.pegasusinvestorrelations.com/medium/image/compensation-and-indemnification-policy_139/view.aspx Pegasus Anti-Corruption and Anti-Bribery Policy; https://www.pegasusinvestorrelations.com/medium/image/anti-corruption-and-anti-bribery-policy_1268/view.aspx Pegasus Airlines Press Releases: "UN Global Compact" Press Release; https://www.flypgs.com/en/press-room/press-releases/pegasus-joins-the-united-nations-global-compact Pegasus Value Chain Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
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C1.2. Considering the effects of supply and value chain, fair workforce, improvement of labor standards, women's employment and inclusion issues (gender, race, religion, language, marital status, ethnic identity, sexual orientation, gender identity, family responsibilities, union activities, political opinion, disability, social and cultural differences, etc., such as non-discrimination) are included in its policy on employee rights.
X
Equal opportunity, fair workforce, improvement of working conditions, female employment and inclusiveness policies are covered in various sections of the Pegasus Airlines Human Resources Policy and Pegasus Airlines Ethical Behavior Guide. Underlining our specific emphasis on women’s role in the workplace, gender balance and the principle of equality, we were the first airline globally to sign-up with the United Nation’s Women’s Empowerment Principles. We carry out studies as a full member of the TDGCA’s Gender Balance Development Commission and we support platforms such as Yanındayız (In Support) Association, wTech Women in Technology Association, PWN Istanbul, Women in Sales platform. We continue our proud tradition of naming our new aircraft after newborn baby girls of our employees. We support actions to increase awareness among women regarding opportunities in aviation, and to improve women’s quantitative and qualitative impact and effectiveness in aviation. In 2019, we became one of the first airlines in the World to join IATA’s “25by2025” initiative which is a voluntary campaign for IATA member airlines to improve female representation in the industry by 25%, or up to a minimum of 25% by 2025. As a solid reflection of this commitment, our Board of Directors revised its “Policy on Representation in the Board of Directors” and adopted a 25% minimum female representation in the Board of Directors by 2025.
2024 Annual Report, Pages 60; Pegasus Airlines Press Releases: "25by2025" Press Release; https://www.flypgs.com/en/press-room/press-releases/another-step-towards-gender-equality-in-business-pegasus-airlines-signs-up-to-iatas-25by2025-pledge UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Ethical Behaviour Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Wage Management Policy; https://www.flypgs.com/kariyer-pegasus/pegasus-ucret-yonetimi-politikasi#:~:text=Pegasus%20%C3%9Ccret%20Y%C3%B6netimi%20Politikas%C4%B1'n%C4%B1n,sistemlerini%20tasarlamak%20ve%20hayata%20ge%C3%A7irmektir. Pegasus Value Chain Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
oda_MeasuresTakenForMinorityRightsEqualityOfOpportunityOrTheOnesSensitiveAboutCertainEconomicEnvironmentalSocialFactorsAlongTheSupplyChainDisclosed|http://www.xbrl.org/2003/role/verboseLabel
C1.3. The measures taken for the minority rights/equality of opportunity or the ones who are sensitive about certain economic, environmental, social factors (low income groups, women, etc.) along the supply chain have been disclosed.
X
As part of our Corporate Sustainability Policy, we are committed to continuously improve our sustainability compliance framework by raising stakeholder awareness on corporate sustainability. We have plans and works in place to strengthen and infuse our sustainability initiatives across our value chain. Our approach to our value chain is set out in the Pegasus Sustainability Compliance Framework, under which we identify our expectations from our value chain with respect to ESG factors. It was implemented throughout 2024 and we aim to improve these measures in the coming years.
2024 Annual Report, Pages 60-61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Ethical Behaviour Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Wage Management Policy; https://www.flypgs.com/kariyer-pegasus/pegasus-ucret-yonetimi-politikasi#:~:text=Pegasus%20%C3%9Ccret%20Y%C3%B6netimi%20Politikas%C4%B1'n%C4%B1n,sistemlerini%20tasarlamak%20ve%20hayata%20ge%C3%A7irmektir. Pegasus Value Chain Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
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C1.4. The developments regarding preventive and corrective practices against discrimination, inequality, human rights violations, forced and child labor have been disclosed.
X
Our actions in this area are covered in various sections of the Pegasus Airlines Human Resources Policy and Pegasus Airlines Ethical Behavior Guide, Pegasus Sustainability Compliance Framework and specific action is reported through Annual Reports, Sustainability Report, specific reporting on ESG performance and UN Global Compact Communications on Progress.
2024 Annual Report, Pages 61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Ethical Behaviour Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Wage Management Policy; https://www.flypgs.com/kariyer-pegasus/pegasus-ucret-yonetimi-politikasi#:~:text=Pegasus%20%C3%9Ccret%20Y%C3%B6netimi%20Politikas%C4%B1'n%C4%B1n,sistemlerini%20tasarlamak%20ve%20hayata%20ge%C3%A7irmektir. Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 67, 73
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C1.5. Investments in employees (education, development policies), compensation, fringe benefits, right to unionize, work/life balance solutions and talent management are included in the employee rights policy.
X
Our actions in this area are covered in various sections of the Pegasus Airlines Human Resources Policy and Pegasus Airlines Ethical Behavior Guide, and specific action is reported through Annual Reports, Sustainability Report, specific reporting on ESG performance and UN Global Compact Communications on Progress.
2024 Annual Report, Pages 61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Wage Management Policy; https://www.flypgs.com/kariyer-pegasus/pegasus-ucret-yonetimi-politikasi#:~:text=Pegasus%20%C3%9Ccret%20Y%C3%B6netimi%20Politikas%C4%B1'n%C4%B1n,sistemlerini%20tasarlamak%20ve%20hayata%20ge%C3%A7irmektir. Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Page 73
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C1.5. The mechanism for employee complaints and resolution of disputes have been established and related solution processes have been determined.
X
Complaint and resolution mechanisms are established within our Ethics Governance Framework and are addressed through our Human Resources Policy, Pegasus Airlines Ethical Behavior Guide and our Anti-Bribery and Anti-Corruption Policy.
2024 Annual Report, Pages 61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Human Resources Policy; https://www.flypgs.com/en/careers/our-human-resources-policy Pegasus Ethical Behaviour Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Anti-Corruption and Anti-Bribery Policy; https://www.pegasusinvestorrelations.com/medium/image/anti-corruption-and-anti-bribery-policy_1268/view.aspx Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 40-41, 79
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C1.5. The activities carried out within the reporting period which related to ensure employee satisfaction have been disclosed.
X
Our actions are measured by employee effectiveness surveys and reported through Annual Reports, Sustainability Report and specific reporting on ESG performance and UN Global Compact Communications on Progress.
2024 Annual Report, 2023 Annual Report, Pages 61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 73
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C1.6. The occupational health and safety policies have been established and disclosed.
X
We hold ISO 45001:2018 Occupational Health and Safety Management System certificate. Our Occupational Health and Safety Policy is publicly available. Company-wide workplace accidents and preventive actions, measures, accident statistics are reported to senior management on a monthly basis. We disclose our targets and performance indicators on Occupational Health and Safety on our Investor Relations Website.
2024 Annual Report, Pages 61; Occupational Health and Safety (OHS) Policy; https://www.pegasusinvestorrelations.com/medium/image/occupational-health-and-safety_761/view.aspx Occupational Health and Safety (OHS) Certificate; https://www.pegasusinvestorrelations.com/medium/image/iso-45001_421/view.aspx UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 42
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C1.6. The measures taken for protecting health, preventing occupational accidents and related statistics have been disclosed.
X
We hold ISO 45001:2018 Occupational Health and Safety Management System certificate. Our Occupational Health and Safety Policy is publicly available. Company-wide workplace accidents and preventive actions, measures, accident statistics are reported to senior management on a monthly basis. We disclose our targets and performance indicators on Occupational Health and Safety on our Sustianbility Report and Investor Relations Website.
2024 Annual Report, Pages 61; UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 42
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C1.7. The personal data protection and data security policies have been established and disclosed.
X
We commit to the protection of personal data and ensuring data security at the highest level through the Pegasus Airlines Information Security Policy and Pegasus Airlines Privacy Policy. Efforts in these areas are coordinated by the Legal and Information Technologies Departments, managed by inter-departmental governance bodies and regulated by extensive Company-wide regulations. We maintain working groups such as Personal Data Protection Committee and Corporate Cyber Incidents Response Team to address issues such as protection of personal data, information security and business continuity. We participate in the aviation-specific cybersecurity studies as part of a TDGCA-led task force.
Pegasus Airlines Privacy Policy; https://www.flypgs.com/en/privacy Pegasus Information Security Policy; https://www.pegasusinvestorrelations.com/medium/image/pegasus-informarion-security-policy_1274/view.aspx UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 40-41
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C1.8. The ethics policy have been established and disclosed.
X
We adopted the Pegasus Airlines Ethical Behavior Guide to manage ethics compliance. Relying on this document, an efficient ethical governance if functioning under the direct supervision of the Audit Committee reporting to the Board of Directors. Information on our activities is reported in our Annual Reports, Sustainability Report and our UN Global Compact Communications on Progress.
2024 Annual Report, Pages 61-61 Pegasus Ethical Behavior Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 32-33, 67
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C1.9. The studies related to social investment, social responsibility, finansal inclusivity and access to finance have been explained.
X
We engage in community investment and social responsibility, and we regularly report our efforts in this area. These efforts are carried out in accordance with the Pegasus Airlines Donations and Charitable Contributions Policy adopted by the Shareholders’ General Assembly and the Pegasus Airlines Corporate Social Responsibility Policy adopted by the Board of Directors. We take on social responsibility, particularly in the areas of education, health, environment, social solidarity, and civil aviation. Information about our activities related to Social Responsibility and education is shared in our Sustainability Report.
2024 Annual Report, Pages 62; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 83
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C1.10. The informative meetings and training programs related to ESG policies and practices have been organized for employees.
X
Through training and development programs planned at Pegasus Academy and awareness campaigns, our employees are informed of ESG policies and actions. In 2023, trainings were provided to our employees, through online and class training programs, on a wide range of topics including flight safety, environment, information security, ethics compliance, occupational health and safety and sustainability actions. Awareness actions were carried out on the same subjects through online announcements and teasers. Detailed information on this topic is shared in our Sustainability Report.
2024 Annual Report, Pages 62; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 41-42,72-73
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C2. Stakeholders, International Standards and Initiatives
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C2.1. The customer satisfaction policy regarding the management and resolution of customer complaints has been prepared and disclosed.
X
We regularly measure customer satisfaction, and we adopted customer satisfaction among our key management performance indicators. In the last three years, we received national and international awards on customer experience, brand image and services and improved overall customer satisfaction compared to the previous year. We describe our efforts in this area and the awards received in Sections 3 (Research & Development Activities) and Section 7A (Stakeholder Initiatives) of our annual activity reports. Additionally, detailed information on this topic is shared in our Sustainability Report.
2024 Annual Report, Pages 12-18, 26-34, 62; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 78-81
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C2.2. The information about the communication with stakeholders (which stakeholder, subject and frequency) have been disclosed.
X
Information on this item is provided as part of our Annual Reports, Sustainability Report and Corporate Governance Reporting.
2024 Annual Report, Pages 12-18, 26-34, 62; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 22-23 Corporate Governance Compliant Reports; https://www.kap.org.tr/en/sirket-bilgileri/ozet/4028e4a2422d9a78014232e751bc22a4
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C2.3. The international reporting standards that adopted in reporting have been explained.
X
We publish a Sustainability Report in accordance with GRI standards. We report within the framework of CDP, UN Global Compact Enhanced Communication on Progress publicly, and within the framework of CORSIA, EU ETS and UK ETS on respective emissions monitoring, verification and reporting schemes.
2024 Annual Report, Page 62-63; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 3 UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx C4-Governance, Pages 37-67 C5-Business strategy, Pages 68-98 C6-Environmental Performance - Consolidation Approach, Pages 99-100
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C2.4. The principles adopted regarding sustainability,the signatory or member international organizations, committees and principles have been disclosed.
X
We are the first airline in Türkiye to sign the United Nations Global Compact. Thus, we committed to comply with the ten principles relating to human rights, working standards, environmental sensitivity and fight against corruption. Platforms where we actively participate in the area of gender equality are detailed under Item C1.2 above. We also committed to the 2050 Fly Net Zero campaign and 25by2025 by campaign initiated by IATA.
2024 Annual Report, Page 63; Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 85
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C2.5. The improvements have been made and studies have been carried out in order to be included in the Borsa Istanbul sustainability indices and/or international index providers.
X
We have been represented in the BIST Corporate Governance Index permanently since 2013 and in the BIST Sustainability Index between 2016-2019 and since 2020, as well as the Sustainability 25 Index since 2023. We are committed to improving our performance on both indices and are considering other platforms to increase visibility on our sustainability performance.
2024 Annual Report, Pages 26-34, 63; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus CDP Report 2024; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2024-cdp-report_1463/view.aspx UN Global Compact – 2024 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2024?responseId=R_4ksS4vmEFHU5SHA Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, LSEG ESG Scores, Pegasus Hava Taşımacılığı A.Ş.; https://www.lseg.com/en/data-analytics/sustainable-finance/esg-scores?esg=Pegasus+Hava+Tasimaciligi+AS
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D. CORPORATE GOVERNANCE PRINCIPLES
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D1. The opinions of stakeholders have been sought in the determination of measures and strategies related to sustainability field.
X
We redesigned our sustainability strategy through workshops bringing together around 80 employees from different departments and organizational seniority levels in a facilitated format. Communication of our sustainability actions are carried out with our stakeholders in a transparent manner. Our actions are enhanced through third party support, including advisor input. We created our Materiality Matrix to identify the most important risks and opportunities that affect us while developing our strategies and planning, and to prioritize these topics according to their impact on our business and performance.We followed a process that included preliminary work, senior management approval, stakeholder opinion and the creation of the matrix.
2024 Annual Report, Page 63; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 7-8, 18-21
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D2. The social responsibility projects, awareness activities and trainings have been carried out to raise awareness about sustainability and its importance.
X
Raising awareness on sustainability and its importance to all but also to Pegasus Airlines is part of our sustainability strategy. A significant number of demonstrative projects, employee training and awareness work is being carried out. This was also the main idea behind launching the Pegasus Airlines Sustainability Hub in 2022. We shared detailed information about climate change, our social responsibility efforts, collaborations, and our values in our 2023 Sustainability Report, which was released in 2024. Additionally, we published detailed information about our collaborations and training on social issues and awareness through our Harmony Report
2024 Annual Report, Pages 26-34, 63; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Sustainability Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-2023-sustainability-report_1460/view.aspx, Pages 66-85 Pegasus Airlines Harmony Report; https://www.pegasusinvestorrelations.com/medium/image/pegasus-harmony-2023-report_1414/view.aspx