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Explanation
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Report Information on Publicly Disclosed Information (Page number, menu name on the website)
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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 2023 Annual Report for details.
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2023 Annual Report, Pages 1-2, 7, 21-25, 47-51; Pegasus Airlines Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies Pegasus Airlines Sustainability Hub; https://www.flypgs.com/sustainability
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Various other policies are adopted that support our sustainability (ESG) framework. See relevant section in our 2023 Annual Report for details.
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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
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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.
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2023 Annual Report, Pages 1-2, 7, 21-25, 49-51 Pegasus CDP Climate Change Report 2023, C.4, Target and Performance, Pages 22-32; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/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 CiOur Diversity & Inclusion Initiatives, Our Gender Diversity Initiatives; https://www.flypgs.com/en/our-diversity-inclusion-initiatives?v=245a
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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 2023 Annual Report for details.
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2023 Annual Report, Pages 1-2, 7, 21-25, 49-51; Pegasus CDP Climate Change Report 2023, C.1, Governance, Pages 3-8; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx 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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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.
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2023 Annual Report, Pages 1-2, 7, 21-25, 49-51; Pegasus CDP Climate Change Report 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C.1, Governance, Pages 3-8 C.2, Risk and Opportunities, Pages 8-17 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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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.
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2023 Annual Report, Pages 1-2, 7, 21-25, 50-52; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability
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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. See relevant section in our 2023 Annual Report for details.
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2023 Annual Report, Pages 1-2, 7, 21-25, 49-51; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability 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 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 – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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We report on improvements in the sustainability performance of our work processes and products and services, in addition to the disclosure of ESG KPIs in our Corporate Sustainability Reports, Annual Reports, corporate presentations on performance and through specific disclosures (such as communication on the first use of sustainable aviation fuel in domestic flights in Türkiye, the first ever sustainability performance linked EXIM-backed aircraft financing we secured for 10 incoming Airbus 321neo aircraft and our June 5, 2023 World Environment Day communication). See relevant section in our 2023 Annual Report for details.
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2023 Annual Report, Pages 12-17, 21-25, 28-34, 36-37, 51; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability 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 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 – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines Press Room; https://www.flypgs.com/en/press-room (World Environment Day Futuristic Project Communication)
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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. All information is provided accurately in a clear and concise manner.
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2023 Annual Report, Pages 23-25, 51;
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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.
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2023 Annual Report, Page 51; UN Global Compact – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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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.
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2023 Annual Report, Pages 18-19.
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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.
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Pegasus Airlines CDP Climate Change Report - 2023, C.10. Verification, Pages 56-58; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx Pegasus Corporate Governance Rating Reports, 2023 Report; https://www.kobirate.com.tr/Kurumsal-Yonetim-Uyum-Derecelendirme-Raporlari/detay.aspx?id=6 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-
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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 and our environmental reporting under CDP and UN Global Compact Communication on Progress.
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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/environmental-management-system-certificate_760/view.aspx Pegasus Airlines Sustainability Hub Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Target; https://www.flypgs.com/en/sustainability Our2050 Net Zero Carbon Emissions Journey | Pegasus Airlines; https://www.flypgs.com/en/our-2050-net-zero-carbon-emissions-journey?v=234a Pegasus Airlines CDP Climate Change Report – 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx Pegasus Airlines CDP Water Security Report – 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-cdp-raporu-2023-water-security_1360/view.aspx UN Global Compact – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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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.
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ISO 14001 Environmental Management System Certificate; https://www.pegasusinvestorrelations.com/medium/image/environmental-management-system-certificate_760/view.aspx Pegasus Airlines CDP Climate Change Report – 2023, C0. Introduction, (C0.1, C0.2 and C0.3) Pages 1-2; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx Pegasus Airlines CDP Water Security Report – 2023, W0. Introduction, (W0.2 and W0.3), Pages 1-2; https://www.pegasusinvestorrelations.com/medium/image/pegasus-cdp-raporu-2023-water-security_1360/view.aspx UN Global Compact – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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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.
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2023 Annual Report, Pages 23-25; 52; Pegasus CDP Climate Change Report - 2023, C1. Governance, (C1.3a), Pages 7-8; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx
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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. 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 Item A2.3 in our 2023 Annual Report for details.
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2023 Annual Report, Pages 1-2, 7, 21-25; 49-52; Pegasus Airlines Sustainability Hub; ttps://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 Climate Change 2023, C2. Risks and Opportunities, Pages 8-17; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx
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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.
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2023 Annual Report, Pages 53; Pegasus Airlines Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/medium/image/corporate-sustainability-policy_1024/view.aspx Pegasus CDP Climate Change Report 2023, C12. Engagement, Pages 62-69; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx Our Initiatives Towards Expanding Sustainability Culture Across the Value Chain; https://www.flypgs.com/en/our-initiatives-towards-expanding-sustainability-culture-across-the-value-chain?v=123a Pegasus Airlines Lean & Efficient Operations with Environmental Impact and Additional Performance Indicator, Pages 5-6; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx Pegasus Airlines Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
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Exploring partnerships with stakeholders and non-governmental organizations is part of our sustainability (ESG) strategy. In 2023, 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 2023 Annual Report for details.
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2023 Annual Report, Pages 53; Pegasus CDP Climate Change Report 2023, C.12 Engagement, Pages 62-69; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx
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Environmental impact information with targets and comparable with previous performance is mainly provided in our CDP reports but are also communicated through different regular and specific reports.
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Pegasus Airlines Sustainability Hub; ttps://www.flypgs.com/en/sustainability Our Initiatives Towards Expanding Sustainability Culture Across the Value Chain; https://www.flypgs.com/en/our-initiatives-towards-expanding-sustainability-culture-across-the-value-chain?v=123a Pegasus CDP Climate Change Report 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, Pages 21-32 C5. Emissions Methodology, Pages 32-37 C6. Emission Data, Pages 37-45 C7. Emission Breakdown, Pages 45-50 C8. Energy, Pages 50-55 Pegasus Airlines Lean & Efficient Operations with Environmental Impact and Additional Performance Indicator, Pages 5-6; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx UN Global Compact – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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Applicable standards, protocols, methodologies and base year details are provided in our reporting under CDP and CORSIA.
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2023 Annual Report, Page 54; Pegasus CDP Climate Change Report 2023, C5. Emissions Methodology, Pages 32-37; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx
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Details on indicators compared against previous years are covered in our reporting under Annual Reporting of main ESG KPIs, our reporting under CDP and UN Global Compact, Presentation on Environmental Impact of Lean & Efficient Operations and Presentation on Additional ESG Performance Indicators, our monthly traffic results and specific initiative presentations.
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2023 Annual Report, Pages 23-25; 54; Pegasus CDP Climate Change Report 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, Pages 21-32 C5. Emissions Methodology, Pages 32-37 C6. Emission Data, Pages 37-45 C7. Emission Breakdown, Pages 45-50 C8. Energy, Pages 50-55 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 Water Security Report 2023, Pages 4-6; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx UN Global Compact – 2023 Communication on Progress; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Comparative Traffic Data; https://www.pegasusinvestorrelations.com/en/operational-information/traffic-data
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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, CDP and UN Global Compact. We also provide progress information in our monthly traffic results and specific initiative presentations.
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2023 Annual Report, Pages 23-25; 54; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Our 2050 Net Zero Carbon Emissions Journey | Pegasus Airlines; https://www.flypgs.com/en/our-2050-net-zero-carbon-emissions-journey?v=234a Pegasus CDP Climate Change Report 2023, C4. Targets and Performance, Pages 21-37; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx 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 Comparative Traffic Data; https://www.pegasusinvestorrelations.com/en/operational-information/traffic-data
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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.
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2023 Annual Report, Pages 1, 7, 23-25; 54; Pegasus Airlines Sustainability Hub; ttps://www.flypgs.com/en/sustainability Our 2050 Long-Term Net Zero Target Our 2030 Mid-Term Carbon Intensity Reduction Our 2050 Net Zero Carbon Emissions Journey | Pegasus Airlines; https://www.flypgs.com/en/our-2050-net-zero-carbon-emissions-journey?v=234a Pegasus CDP Climate Change Report 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C1. Governance, Pages 3-8 C2. Risks and Opportunities, Pages 8-17 C12. Engagement, Pages 62-69
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We disclose such content as part of our Annual Reports 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.
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2023 Annual Report, Pages 1, 7, 23-25; 54-55; Pegasus CDP Climate Change Report 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C11. Carbon Pricing, Pages 59-62 C12. Engagement, Pages 62-69 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 Airlines Sustainability Compliance Framework; https://www.pegasusinvestorrelations.com/medium/image/pegasus-value-chain-sustainability-compliance-framework_1369/view.aspx
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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 through the Pegasus Sustainability Compliance Framework. We aim to implement these measures in the coming years.
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Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability, Our Scope 1/2/3 Impact Pegasus Initiatives Towards Expanding Sustainability Culture Across the Value Chain; https://www.flypgs.com/en/our-initiatives-towards-expanding-sustainability-culture-across-the-value-chain?v=123a Pegasus Corporate Sustainability Policy; https://www.pegasusinvestorrelations.com/medium/image/corporate-sustainability-policy_1024/view.aspx Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx, C12. Engagement, Pages 62-69 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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oda_EnvironmentalBenefitsGainsCostSavingsOfInitiativesProjectsAimsReducingEnvironmentalImpactsDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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We disclose such content as part of our reporting under CDP and through specific initiative presentations.
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Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C2. Risks and Opportunities, Pages 8-17 C4. Targets and Performance, Pages 21-32 C12. Engagement, Pages 62-69
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This information is covered in our reporting under CDP.
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Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, Pages 21-32 C7. Emission Breakdown, Pages 45-50 C8. Energy, Pages 50-55
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This information is covered in our reporting under CDP.
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Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, Pages 21-32 C5. Emission Methodology, Pages 32-37 C6. Emissions Breakdown, Pages 37-45 C7. Emission Breakdown, Pages 45-50 C8. Energy, Pages 50-55
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oda_StudiesRelatedToIncreaseUseOfRenewableEnergyAndTransitionToZeroLowCarbonElectricityConductedAndDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Page 55; Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, (C4.2a ve C4.3), Page 28-31 C7. Emissions Breakdown, (C7.9a), Page 49 C8. Energy, Pages 50-55 Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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oda_RenewableEnergyProductionAndUsageDataPubliclyDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Page 55; Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, (C4.2a ve C4.3), Pages 28-31 C7. Emissions Breakdown, (C7.9a), Page 49 C8. Energy, Pages 50-55 Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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oda_CompanyConductedProjectsAboutEnergyEfficiencyAndAmountOfReductionOnEnergyConsumptionEmissionAchievedDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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We disclose such content as part of our reporting under CDP and through specific initiative presentations.
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Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C4. Targets and Performance, (C4.2a ve C4.3), Page 28-31 C7. Emissions Breakdown, (C7.9a), Page 49 C8. Energy, Pages 50-55
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oda_WaterConsumptionTheAmountProceduresSourcesOfRecycledAndDischargedWaterFromUndergroundOrAboveGroundDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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In 2023, we reported water consumption data for the first time as part of CDP Water Security Reporting.
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Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines CDP Water Security Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-cdp-raporu-2023-water-security_1360/view.aspx, W1. Current State, (W1.2), Pages 3-5
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oda_InformationRelatedCompanysOperationsActivitiesAreIncludedInCarbonPricingSystemDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Page 56; Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C11. Carbon Pricing, Pages 59-62
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oda_InformationRelatedToAccumulatedPurchasedCarbonCreditDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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Information on carbon credits and usage rights during the reporting period are explained in our CDP reports.
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2023 Annual Report, Page 56; Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C11. Carbon Pricing, Pages 59-62
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oda_IfCarbonPricingAppliedDetailsDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Page 56; Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C11. Carbon Pricing, Page 59-62
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oda_ThePlatformsWhereTheCompanyDisclosesEnvironmentalInformationDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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We report environmental performance through a number of platforms referred to in this document. See relevant section in our 2023 Annual Report for details.
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2023 Annual Report, Page 56;
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oda_SocialPrinciplesAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_HumanRightsEmployeeRightsSubAbstract|http://www.xbrl.org/2003/role/verboseLabel
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oda_InstitutionalHumanRightsAndEmployeeRightsPolicyEstablishedThePolicyAndTheOfficalsDeterminedDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 32-34, 47-49, 56-57; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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
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oda_EmployeeRightsPolicyIncludesFairWorkforceImprovementOfWorkingStandardsWomenEmploymentAndInclusivity|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 32-34, 47-49, 57; 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 - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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.
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oda_MeasuresTakenForMinorityRightsEqualityOfOpportunityOrTheOnesSensitiveAboutCertainEconomicEnvironmentalSocialFactorsAlongTheSupplyChainDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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. We aim to implement these measures in the coming years.
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2023 Annual Report, Pages 23-25, 32-34, 47-49, 57; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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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oda_DevelopmentsRegardingPreventiveCorrectivePracticesAgainstDiscriminationInequalityHumanRightsViolationsForcedChildLaborDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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, specific reporting on ESG performance and UN Global Compact Communications on Progress.
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2023 Annual Report, Pages 32-34; 47-49; 58-58; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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 Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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oda_EmployeeRightPolicyIncludesInvestmentsInEmployeesCompensationFringeBenefitsRightToUnionizeWorkLifeBalanceSolutionsTalentManagement|http://www.xbrl.org/2003/role/verboseLabel
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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, specific reporting on ESG performance and UN Global Compact Communications on Progress.
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2023 Annual Report, Pages 32-34; 47-49; 58; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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 Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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oda_MechanismForEmployeeComplaintsAndResolutionOfDisputesEstablishedRelatedSolutionProcessesDetermined|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 32-34; 47-49; 58; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH 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
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oda_ActivitiesCarriedOutWithinTheReportingPeriodRelatedToEnsureEmployeeSatisfactionDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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Our actions are measured by employee effectiveness surveys and reported through Annual Reports and specific reporting on ESG performance and UN Global Compact Communications on Progress.
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2023 Annual Report, 2023 Annual Report, Pages 32-34; 47-49; 58; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx, Page 5
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oda_TheOccupationalHealthAndSafetyPoliciesEstablishedDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 32-34; 47-49; 58; 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 - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx, Page 5
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oda_MeasuresTakenForProtectingHealthPreventingOccupationalAccidentStatisticsDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, 2023 Annual Report, Pages 32-34; 47-49; 58; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx, Page 5
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oda_PersonalDataProtectionAndDataSecurityPoliciesEstablishedAndDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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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 - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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oda_EthicsPolicyEstablishedAndDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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 and our UN Global Compact Communications on Progress.
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2023 Annual Report, Pages 32-34, 58 Pegasus Ethical Behavior Guide; https://www.pegasusinvestorrelations.com/en/corporate-governance/policies UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH
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oda_StudiesRelatedToSocialInvestmentSocialResponsibilityFinansalInclusivityAccessToFinanceExplained|http://www.xbrl.org/2003/role/verboseLabel
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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. Through initiatives such as the “We’re Flying to the Future” project where we collaborate with a foundation operating at national level to address complex social issues (Sivil Toplum İçin Destek Vakfı), we assume social responsibility especially in the areas of education, health, environment, solidarity and civil aviation.
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2023 Annual Report, 2023 Annual Report, Pages 28-32;
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oda_InformativeMeetingsTrainingProgramsRelatedToEsgPoliciesPracticesOrganized|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 32-34; 59; Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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oda_StakeholdersInternationalStandardsInitiativesSubAbstract|http://www.xbrl.org/2003/role/verboseLabel
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oda_CustomerSatisfactionPolicyRegardingTheManagementAndResolutionOfCustomerComplaintPreparedDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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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.
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2023 Annual Report, Pages 12-16; 28-32; 47-49; 59;
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oda_InformationAboutTheCommunicationWithStakeholdersDisclosed|http://www.xbrl.org/2003/role/verboseLabel
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Information on this item is provided as part of our Annual Reports and Corporate Governance Reporting.
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2023 Annual Report, Pages 12-16; 28-32; 47-49; 59; Corporate Governance Compliant Reports; https://www.kap.org.tr/en/sirket-bilgileri/ozet/4028e4a2422d9a78014232e751bc22a4
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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.
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2023 Annual Report, Page 59; UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx C0. Introduction, Pages 1-3 C5. Emission Methodology, Pages 32-37 C11. Carbon Pricing, Pages 59-62
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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.
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2023 Annual Report, Page 59;
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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.
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Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus CDP Climate Change Report - 2023; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2023-cdp-report_1333/view.aspx UN Global Compact - 2023 CoP Report; https://cop-report.unglobalcompact.org/COPViewer/2023?responseId=R_BQzcxEflEv4hlbH Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx 2023 Annual Report, Pages 1-2, 7, 21-25, 61; 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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We redesigned our sustainability strategy through workshops bringing together around 60 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. To that end we maintain open communication channels with the public on sustainability and evaluate stakeholder impact. Please also refer to our explanations for Item D2 below.
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2023 Annual Report, Page 60; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability
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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 quote part of the Hub’s welcoming message below: “At Pegasus, our sustainability ventures, whether related to climate action, gender balance, or transparency, only truly make sense if they form part of a larger, global effort. With that in mind, we aim to share easy-to-access information on the sustainability of our business that our passengers, investors, employees, and stakeholders may find interesting. Please use the topic links below to navigate this site, and if you would like to send us feedback, please contact us.”
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2023 Annual Report, Pages 28-32; 60; Pegasus Airlines Sustainability Hub; https://www.flypgs.com/en/sustainability Pegasus Airlines Lean & Efficient Operations With Environmental Impact and Additional Performance Indicators; https://www.pegasusinvestorrelations.com/medium/image/pegasus-airlines-2022-operational-efficiency-and-kpi-report_1362/view.aspx
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