UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Date of Report: September 20, 2024
Commission File Number: 001-40553
D-MARKET Elektronik Hizmetler ve Ticaret Anonim
Şirketi
(Exact Name of registrant as specified in its charter)
D-MARKET Electronic
Services & Trading
(Translation of Registrant‘s Name into English)
Kuştepe Mahallesi Mecidiyeköy Yolu
Cadde no: 12 Kule 2 K2
Istanbul, Türkiye
(Address of principal executive
office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
D-MARKET ELECTRONIC SERVICES & TRADING |
|
|
September 20, 2024 |
By: |
/s/ NİLHAN GÖKÇETEKİN |
|
Name: |
Nilhan Gökçetekin |
|
Title: |
Chief Executive Officer |
|
By: |
/s/ M. SEÇKİN KÖSEOĞLU |
|
Name: |
M. Seçkin Köseoğlu |
|
Title: |
Chief Financial Officer |
EXHIBITS
Exhibit 99.1
Hepsiburada Releases 2023 Sustainability Report
ISTANBUL, September 20, 2024 - D-MARKET
Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred
to herein as “Hepsiburada” or the “Company”), has published its 2023 Sustainability Report. Hepsiburada is the
first e-commerce platform in Türkiye to sign the United Nations (“UN”) Global Compact.
Cem Tanır, Hepsiburada’s Head of
Corporate Affairs, Communications and Sustainability, underscored the Company’s commitment to green transformation and sustainability
as fundamental to its corporate ethos, stating:
“In 2023, Türkiye’s e-commerce
sector grew by 115%, claiming 20% of total trade volume, with transactions up by 22% year-over-year. While these figures point to rapid
growth, there is still a long path ahead, along with an opportunity to cultivate an eco-conscious
e-commerce ecosystem involving platforms, sellers, and consumers. As Hepsiburada, we view this as both a national imperative and a global
responsibility.”
Tanır emphasized: “We introduced
21 electric vehicles into our logistics operations in 2024, with the goal of expanding the fleet to 50 by the end of the year. These
vehicles are expected to significantly reduce carbon emissions, aligning with Hepsiburada’s broader commitment to building an environmentally
friendly logistics network. Beyond environmental initiatives, Hepsiburada drives societal value through sustainable programs. We support
women entrepreneurs through our Technology Power for Women Entrepreneurs Program, bolster local producers via HepsiTürkiye’den,
support NGOs through HepsiYürekten, and amplify artists’ reach via SanatBurada.”
Key Highlights from Hepsiburada’s 2023
Sustainability Report:
| · | Hepsiburada
is a member of the UN Global Compact and is committed to the Ten Principles of the UN Global
Compact related to human rights, labor, the environment and anti-corruption and supports
the Sustainable Development Goals. |
| · | Hepsiburada’s
logistics arm, HepsiJET, pioneered “Multi-Vehicle Route Optimization” technology,
reducing fuel-related carbon emissions while boosting operational efficiency. Inspired by
the natural instincts of ants to carry food back to their nests, this innovative technology,
for which a patent is registered with the Turkish Patent and Trademark Office, optimizes
the fleet’s active vehicles and reduces total travel distances by eight percent. |
| · | Hepsiburada
implemented a pilot project for transitioning to electric vehicles in cargo deliveries. |
| · | Hepsiburada’s
innovative “Common Barcode System” streamlines sales operations and accelerates
warehouse processing times. The system enables Hepsiburada to print proprietary barcodes,
saving over one million labels monthly on average. |
| · | Hepsiburada
recycled nearly 964,000 kilograms of packaging waste. The Company utilizes 100% recyclable
cellulose-based cardboard for packaging, alongside fully recyclable polyethylene and polypropylene
as filler materials. The Company increased the use of recycled materials in the bags to 30%. |
| · | In
2023, the Company recycled 21,000 kilograms of food waste and 62,000 kilograms of chemical
waste. |
| · | More
than 15,000 old electronic devices were recycled in 2023 with the “Refurbish the Old”
project. |
| · | As
of the end of 2023, Hepsiburada had supported more than 50,000 women entrepreneurs through
its “Technology Empowerment for Women Entrepreneurs” program launched in 2017. |
| · | Through
the “Women Entrepreneurs Overcome Financial Barriers” project, Hepsiburada supported
357 applications from female entrepreneurs, enabling them to access a total of TRY 92 million
in credit. |
| · | With
the “Trade and Technology Power for the Earthquake Region” program launched to
contribute to the establishment of permanent welfare in the region after the earthquake disaster,
Hepsiburada mobilizes its technology, logistics, and marketing capabilities for two years
for 10,000 SMEs and artisans in the region, as well as 5,000 women entrepreneurs and women
cooperatives. |
| · | By
2025, Hepsiburada aims to generate TRY 10 billion in sales from the earthquake region, support
120,000 jobs, and impact 500,000 lives. |
| · | After
the earthquakes on February 6, 2023, Hepsiburada increased the trade volume of women’s
cooperatives to TRY 174 million with 3,172 women entrepreneurs under the “Hepsiburada
Promise”. |
| · | The
“A Smile is Enough” project facilitates children’s access to education,
while “Promise for Tomorrow” offers education, internships, and mentoring to
university students affected by the earthquake. |
| · | Throughout
2023, Hepsiburada sustained partnerships with animal welfare organizations, providing crucial
food, medical supplies, shelter, and logistics support to animals in need. |
| · | We
continued our efforts to ensure women play a more active role in leadership positions, and
we increased the female manager ratio to 36% in 2023. |
| · | According
to the “E-Commerce NPS (Net Promoter Score) Research” conducted by the independent
research institution FutureBright, Hepsiburada was once again recognized as Türkiye’s
“Most Recommended E-Commerce Brand” in 2023. |
On the date of this press release, Hepsiburada’s
2023 Sustainability Report has been furnished with the U.S. Securities and Exchange Commission on Form 6-K. It has also been made
available on our website:
https://kurumsal.hepsiburada.com/uploads/2023_hepsiburada_surdurulebilirlik_raporu_en.pdf
About Hepsiburada
Hepsiburada is a leading e-commerce technology
platform in Türkiye, connecting over 66 million members with over 264 million stock keeping units across over 30 product categories.
Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace
(3P model) with approximately 101 thousand merchants.
With its vision of leading the digitalization
of commerce, Hepsiburada acts as a reliable, innovative and purpose-led companion in consumers’ daily lives. Hepsiburada’s
e-commerce platform provides a broad ecosystem of capabilities for merchants and consumers including: last-mile delivery and fulfilment
services, advertising services, on-demand grocery delivery services, and payment solutions offered through Hepsipay, Hepsiburada’s
payment companion and BNPL solutions provider. HepsiGlobal offers a selection from international merchants through its inbound arm while
outbound operations aim to enable merchants in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been
purpose-led, leveraging its digital capabilities to develop the role of women in the Turkish economy. Hepsiburada started the ‘Technology
Empowerment for Women Entrepreneurs’ programme in 2017, which has supported approximately 55 thousand female entrepreneurs throughout
Türkiye to reach millions of customers with their products.
Investor Relations Contact
ir@hepsiburada.com
Media Contact
corporatecommunications@hepsiburada.com
Forward-Looking Statements
This press release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of
1934, as amended and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, and encompasses all statements,
other than statements of historical fact contained in this press release. These forward-looking statements can be identified by terminology
such as “may,” “could,” “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “targets,”
“likely to” and similar statements. Among other things, quotations from management in this press release contain forward-looking
statements. These forward-looking statements are based on management’s current expectations. However, it is not possible for our
management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination
of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These statements
are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors and circumstances
that may cause Hepsiburada’s actual results, performance or achievements to be materially different from its expectations expressed
or implied by the forward-looking statements, including conditions in the U.S. capital markets, negative global economic conditions,
potential negative developments resulting from epidemics or natural disasters, other negative developments in Hepsiburada’s business
or unfavorable legislative or regulatory developments. We caution you therefore against relying on these forward-looking statements,
and we qualify all of our forward-looking statements by these cautionary statements. For a discussion of additional factors that may
affect the outcome of such forward-looking statements, see our 2023 annual report filed with the SEC on Form 20-F on April 30,
2024 (Commission File Number: 001-40553), and in particular the “Risk Factors” section, as well as the other documents filed
with or furnished to the SEC by Hepsiburada from time to time. Copies of these filings are available online from the SEC at www.sec.gov,
or on the SEC Filings section of our Investor Relations website at https://investors.hepsiburada.com. These and other important factors
could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any
such forward-looking statements represent management’s estimates as of the date of this press release. These forward-looking statements
should not be relied upon as representing Hepsiburada’s views as of any date subsequent to the date of this press release. All
forward-looking statements in this press release are based on information currently available to Hepsiburada, and Hepsiburada and its
authorized representatives assume no obligation to update these forward-looking statements in light of new information or future events.
Accordingly, undue reliance should not be placed upon the forward-looking statements.
Exhibit 99.2
| 2023 SUSTAINABILITY REPORT |
| CONTENTS
CEO’s Message ............................................................................3
Türkiye’s Hepsiburada.......................................................... 6
About the Report.................................................................7
About Hepsiburada...........................................................8
Milestones ...............................................................................10
Hepsiburada Ecosystem............................................11
Business Model...................................................................13
Value Chain........................................................................... 15
Industry Overview and Trends...............................17
Economic Performance...............................................22
Highlights of 2023 ............................................................23
Our Sustainability Approach ...................................... 24
Sustainability Management....................................26
Sustainability Approach.............................................27
Stakeholder Engagement.........................................28
Materiality Analysis .........................................................29
Environmentally Friendly Operations with
Innovative Solutions Starts Here! ............................33
Energy and Emission Management..................35
Circularity and Waste Management...............38
Sustainable Logistics ....................................................42
Water Management.....................................................46
Equal and Inclusive Corporate Culture
Starts Here!...................................................................................47
Inclusion, Equity and Diversity...............................49
Talent Management and Development......51
Employee Engagement and Wellbeing........55
Employee Health and Safety.................................56
Social Good Starts Here! .................................................57
Positive Social Impact..................................................60
Women Entrepreneurship......................................... 64
Ethical and Transparent Governance
Approach Starts Here!.......................................................68
Ethical Business Conduct .........................................70
Risk Management............................................................72
Customer Experience....................................................75
Supply Chain........................................................................77
Data Security and Privacy........................................78
Protection of Intellectual Property Rights ...81
Annexes........................................................................................... 82
Social Performance Indicators..............................83
Corporate Memberships and Collaborations..87
Featured Awards...............................................................88
GRI Content Index .......................................................... 90 |
| CEO’s message
Dear Stakeholders,
In 2023, when we celebrated the centenary
of the founding of the Republic of Türkiye with
great pride and joy, we continued to be the
pioneer of digitalization and e-commerce in
the country, firmly adhering to the values of
our Republic. At Hepsiburada, we will focus on
producing, developing, investing and growing
with our stakeholders in the second century of our
Republic.
We have left behind a challenging year for our
country. The Kahramanmaraş earthquakes, which
hit on February 6, 2023, resulted in one of the
worst disasters in our country’s history, causing
massive destruction. The disaster sparked
an urgent need for help in the 11 provinces in
the earthquake zone. Immediately after the
earthquakes, we made a Hepsiburada Promise
to our country and started a massive effort to
support the people in those provinces.
2023 SUSTAINABILITY REPORT 3 |
| We have committed to support 10,000 SMEs and tradesmen and 5,000
women entrepreneurs and women’s cooperatives in the region for two years
with the “Trade and Technology Power for the Earthquake Region” program,
which we launched in March 2023. Within the scope of the program, we aim
to contribute to the employment of 120,000 people and the livelihoods of
500,000. We are also pushing on with our educational and social support for
children and young people in the region. We have set a target of creating
10 billion TL in trade volume from the region to Türkiye and to the world at
the end of two years. We have provided the support that the enterprises
in the region needed in terms of e-commerce with our two E-Commerce
Specialization Centers established in Adana and Hatay to develop the
e-commerce infrastructure in the region.
Thanks to the program, we created a trade volume of 3.5 billion TL in the
region at the end of the first year. We supported more than 2,800 new
businesses to start e-commerce with Hepsiburada. We will continue to work
with all our strength not only now but also in the future to ensure the region’s
development and help it regain its strength.
2023 was a very successful year for Hepsiburada in terms of financial
performance. At the end of 2023, we reached a total sales volume of 96.5
billion TL (116.5 billion TL after inflation adjustment) with a growth of 104% (31%
after inflation adjustment) compared to the end of the previous year. The
total number of orders placed through our platform increased to 113 million,
41% more than last year. The number of active sellers reached 101,500 and
active customers reached 12 million.
Despite the economic fluctuations affecting the whole world, Hepsiburada
is always raising the bar higher, while on the other hand, we recognize more
clearly every year that environmental and social issues are as critical as
economic issues. According to the Global Risks Report published annually
by the World Economic Forum (WEF), the majority of long-term risks originate
from climate change and other environmental crises. At the end of the
28th United Nations Climate Change Conference (COP28) held in Dubai
last year, a commitment was made to decrease the use of fossil fuels for
the first time in 28 years. Although the steps taken will not be enough to
limit the increase in global temperature to 1.5°C, it is of great importance
that governments, the private sector, civil society and individuals fulfil their
responsibilities and keep the temperature increase at the lowest possible
levels. At Hepsiburada, we are aware of our responsibility in this regard. By
focusing on innovative solutions, we are acting to reduce the environmental
impact from our operations. In this context, we use 70% recycled material
in our 100% recyclable cargo bags. In addition to our TÜBİTAK patented
route optimization project, which reduces the daily travel distance in order
to reduce the footprint of our logistics activities, we are also running pilot
studies to switch to electric vehicles for cargo distribution. We continue our
efforts to establish our sustainability strategy and to set realistic, measurable
and science-based sustainability targets in line with this strategy.
Last year, we became the first e-commerce company in the world to commit
to the “Forward Faster” initiative launched by the United Nations Global
Compact (UNGC), of which we are a signatory. This initiative was launched
to ensure that the United Nations Sustainable Development Goals are
achieved by 2030 and that the private sector fulfils its responsibility in this
2023 SUSTAINABILITY REPORT 4 |
| regard. As Türkiye’s Hepsiburada, we will continue to take target-orientated
and concrete steps in the determined action areas.
As Hepsiburada, we have been playing a critical role in the digitalization
of trade since the day we were founded. Our company, which has been
expanding its area of influence with an entrepreneurial and innovative
spirit for more than twenty years, has contributed to the introduction of
women and men entrepreneurs to e-commerce, to the expansion of the
sales networks of SMEs, and directly and indirectly to the employment of
approximately 4 million people in our country so far. Today, far beyond
being just an e-commerce platform, we are working for the development of
the e-commerce ecosystem in Türkiye by offering turnkey solutions for the
digitalization of trade in Türkiye with our advertising, logistics and financial
technology solutions and many other services.
As one of the signatory companies of the United Nations Women’s
Empowerment Principles (UN WEPs), we support both our female employees
and women entrepreneurs within our scope of influence to empower them,
ensure their economic independence and protect their equal rights in
every field. We not only support women entrepreneurs, but also work to
empower women within Hepsiburada. In 2023, the ratio of female employees
in Hepsiburada and the companies under its roof was 44% and the ratio
of women in managerial positions was 36%. In the Hepsiburada’s main
brand, the rate of female employees exceeded 51%, while female managers
increased to 40%. We act with a perspective of equality and inclusion in all
career processes starting from recruitment, and we aim to further increase
the number of female employees and leaders in our company. To this end,
we are implementing activities to enhance the well-being and development
of our female employees through Hepsinspire, the women’s solidarity
platform we established on 8 March 2023.
Since the day we were founded, we have been committed to supporting
women entrepreneurs and increasing women’s participation in the labor
force. In this context, we have so far brought 45 thousand entrepreneur
women in Türkiye into the digital economy thanks to our platform. By 2030,
we are targeting to increase the number of entrepreneur women we have
introduced to e-commerce to 120,000. At the beginning of 2024, we aim
to increase the contribution of women to the family economy with our
renewed LinkGelir program. LinkGelir covers approximately two-thirds of our
women users and allows them to earn income through the products they
recommend while shopping, while we grow the recommendation economy.
As Türkiye’s Hepsiburada, we will continue our efforts to provide the best
solutions for our business partners to benefit from the growth in 2024 when
e-commerce will continue to expand, to grow the e-commerce ecosystem
in Türkiye, to contribute to the national economy and to create value for
all our stakeholders. On this note, I am delighted to present our second
sustainability report, in which we share our sustainability approach, current
performance and our vision for the future to our valuable stakeholders. I
would like to thank everyone who contributed to the preparation of this
report, especially our colleagues.
Nilhan Onal Gökçetekin
2023 SUSTAINABILITY REPORT 5 |
| Türkiye’s
Hepsiburada
About the Report..............................................................7
About Hepsiburada ........................................................8
Milestones.............................................................................10
Hepsiburada Ecosystem..........................................11
Business Model.................................................................13
Value Chain.........................................................................15
Industry Overview and Trends ............................17
Economic Performance.............................................22
Highlights of 2023..........................................................23
6 |
| About the Report
As Türkiye’s Hepsiburada1
, we bring together tens of thousands of businesses in our journey of more
than 20 years and offer more than 230 million product options in approximately 40 categories to our
customers. We act with the responsibility of being a reliable and innovative e-commerce platform
that is visited by approximately 12 million people a day, has more than 200 thousand stores on its
platform, and takes part in the daily lives of our customers with approximately 110 million package
deliveries a day. We aim to transform into a giant ecosystem by continuing to create value together
with our stakeholders.
1 Hepsiburada: D-Market Elektronik Hizmetler ve Ticaret A.Ş. refers to the companies Doğan Portal ve Elektronik Ticaret A.Ş., D Fast
Dağıtım Hizmetleri ve Lojistik A.Ş., and D Ödeme Elektronik Para ve Ödeme Hizmetleri A.Ş. Our report does not cover our overseas
activities and operations.
Our Brands included in the Report
You can access our detailed financial statements and financial report on
our corporate website.
For more detailed information about the Hepsiburada Sustainability
Report and to share your views and suggestions, you can contact us at
crsustainability@hepsiburada.com
2023 SUSTAINABILITY REPORT 7 |
| About Hepsiburada
As Türkiye’s Hepsiburada, we are a
leading e-commerce technology
platform in our country, bringing 101
thousand active sellers together with
approximately 12 million customers
with our hybrid business model
that combines direct retail sales
and marketplace models. With our
philosophy centered on customer
experience, we offer a distinctive next
generation shopping experience by
developing products and services that
surround the shopping journey from
end to end with our team that blends
Silicon Valley and Grand Bazaar
culture, data and experience.
2023 SUSTAINABILITY REPORT
8 |
| We carry out our activities as a giant “super application” ecosystem by taking our e-commerce
business model one step further with our brands and services such as HepsiJET, Hepsipay, HepsiAd,
Hepsiburada Global, Hepsiburada Market and Hepsiburada Seyahat, each of which brings an
innovative perspective to the field with the investments we have made by leading the digitalization
of trade in Türkiye.
As a technology company, we focus on the constructive power of technology and believe in its
transformative effect. We act with the idea that digital technologies are the key to economic and
social development. With our Smart Operations Centre, the largest operations center in Türkiye
and the region, and our R&D Center, we carry out innovative work to raise the bar in the sector
and lead the digital transformation. We contribute to the local economy and employment by
growing together with our suppliers, business partners and vendors across the country. At the same
time, we support many associations and non-governmental organizations under the umbrella of
“HepsiGönülden” to strengthen women entrepreneurship and contribute to social development.
For more than 20 years, we have continued our journey with the spirit of innovation and
entrepreneurship, and today, as Türkiye’s Hepsiburada, we are proud to be the first and only Turkish
company to be publicly listed on the world technology exchange Nasdaq.
As a reliable, innovative and
sincere companion in the daily
lives of our customers, we are
working with all our strength to
ensure that every stakeholder in
our ecosystem thinks “I’m glad to
have Hepsiburada”.
As a reliable, innovative and
sincere companion in the daily
lives of our customers, we are
working with all our strength to
ensure that every stakeholder in
our ecosystem thinks “I’m glad to
have Hepsiburada”.
OUR VISION
OUR MISSION
2023 SUSTAINABILITY REPORT 9 |
| Milestones
2000
Hepsiburada was founded by
Hanzade Doğan as a 1P-based
e-commerce platform. The first
category sold was Computers.
2002-2005
Baby Child, Home Electronics,
Kitchen Supplies, Music
Products, Office Stationery,
Sporting Goods and Telephone
categories were added.
Floral Supplies, Souvenirs,
Books, Auto Accessories, Watch
Glasses Accessories, Health
and Beauty categories started
to be sold.
2006
We delivered our 1 millionth
order.
According to Deloitte
Technology Fast 50 Research,
Hepsiburada became the
“Fastest Growing E-Commerce
Site”.
2010
Since 2010, we have increased
our focus on non-electronic
products (based on our 1P
Direct Sales model) and not
only introduced new categories
such as Home Textiles and
Cosmetics but also started
to expand our product range
to include non-electronic
categories such as Fast-Moving
Consumer Goods (FMCG),
Fashion, Home, and Garden.
2011
The Hepsiburada application was
launched for iOS and Android
platforms.
We have been selected as the
‘E-Commerce Website of the Year.’.
2012
In the Turkish e-commerce market,
as the first company with the on-site supervised and Payment Card
Industry Data Security Standard
(PCI DSS) certification, we have
implemented ‘one-click shopping’.
2015
We have launched our new
business model, ‘Pazaryeri,’
which allows individuals to
market their own products by
opening a free store.
As the main logistics center for
our operations, we established
the first private e-commerce
fulfillment center, which
operates 24/7, in Kocaeli Gebze.
2016
Hepsipay was established
as our venture in the online
payment world, with 100%
ownership by Hepsiburada.
2017
We established our first licensed
technology research and
development center. In 2017, to
provide efficient, fast, and reliable
delivery services to our customers,
we launched ‘HepsiJET’ to
announce our own delivery services.
AtHepsiburada, we initiated
the ‘Technology Empowerment
Program for Female Entrepreneurs’
in collaboration with civil society
organizations to strengthen
women’s presence in the business
world by offering our expertise
and technological infrastructure to
women entrepreneurs.
2018
We introduced the ability to
shop with the “Multiple Credit
Card” feature.
In order to develop our vision
of expanding the e-commerce
market, we launched our “click
& collect” services, which
enable our customers to collect
their purchased products
from collection points located
throughout Türkiye and which
we renamed as “HepsiMat” in
2020.
2019
We launched “Hepsiglobal”,
an e-export initiative that
transforms our business
partners into global players. We
launched “Hepsiexpress”, which
offers all daily needs to our
customers with fast delivery.
2020
While expanding our logistics
infrastructure with five new
logistics centers in Diyarbakır,
Erzurum, Ankara, İzmir
and Adana, we launched
“HepsiLojistik”.
We became the first shipment
and supply partner of Apple
products in Türkiye. Thus,
we started to supply Apple
products directly and sell them
to our customers online.
2021
We obtained a tourism agency
licence to launch “HepsiFly” and
launched “HepsiAd” to use our
online platform for enhanced
advertising capabilities.
We became the first and only
Turkish company to go public on
the Nasdaq Stock Exchange.
We launched the
“HepsiTürkiye’den”, Program
which aims to bring
geographically marked and
local products to consumers in
all corners of Türkiye.
We reached 81 provinces
of Türkiye with the HepsiJET
service network.
2022
We became a signatory of the
United Nations Global Compact,
the world’s largest corporate
sustainability initiative and
voluntary leadership platform.
We supported the establishment
of the first “E-Commerce
Competence Centre” of TÜBİTAK-BİLGEM Artificial Intelligence
Institute, which was opened within
the scope of Türkiye’s National
Artificial Intelligence Strategy.
We collaborated with the Turkish
Patent and Trademark Office to
raise awareness of geographically
marked products through the
“HepsiTürkiye’den” program, which
aims to bring local entrepreneurs
together with e-commerce
and carry them to national and
international marketing.
We opened “Hepsiburada Smart
by MIMEX”, Türkiye’s first smart and
cashless store with the concept of
“pick and go”.
2023
Nilhan Onal Gökçetekin
became new CEO of
Hepsiburada and the
‘Trade and Technology
Empowerment to the
Earthquake Region’ program
was launched.
In cooperation with Turkish
Cargo, HepsiJET reduced
the delivery time to 25 cities
in and around Eastern and
Southeastern Anatolia to just
one day.
HepsiJET introduced the ‘Route
Optimisation’ application
based on artificial intelligence.
The first sustainability report of
the e-commerce sector was
published.
Hepsiburada became the
main sponsor of Basketball A
national teams.
E-commerce Specialised
Centres were opened in Adana
and Hatay.
Nilhan Onal Gökçetekin was
included in the 2023 Heroes
Women Leaders Global 100 list.
Hepsipay, Hepsiburada’s
fintech subsidiary, made its
payment and maturity solutions
available to the retail sector.
Hepsiburada Premium reached
2 million users.
2023 SUSTAINABILITY REPORT 10 |
| Hepsiburada Ecosystem
Our transport system that aims to
provide the best experience to its
customers by combining expertise,
attention, technology and quality
in transport in order to transform
customer-oriented distribution
services in the e-commerce sector.
Our application that brings
businesses together with millions
of new customers and world
markets, while delivering millions
of products from abroad to our
customers at advantageous
prices in a fast and practical way.
Our application through which
we deliver our customers’ needs
such as groceries, food, water,
and flowers to their doors at
any time they want with our
superior service understanding.
Our airline ticket sales
application, where we enable
our customers to easily buy
domestic and international
flight tickets with a few clicks...
The world of advantages where
we offer all products and services
for the operational, digital,
financial, social and commercial
needs of our Hepsiburada
sellers with privileges.
Our logistics solutions that provide
businesses with all operational
processes such as stocking,
addressing, packaging, shipping,
invoicing, delivery and returns for
their sales from Hepsiburada and
different e-commerce platforms
Our payment infrastructure
services that bring the latest
technologies and payment features
to companies and consumers in
a fast, practical and secure way
in order to lead the digitalization
of the payments world
Our new generation advertising
technologies and solutions that we
offer to businesses for their activities on
our platform and different e-commerce
sites with the power we get from
our knowledge and technological
infrastructure in the sector
2023 SUSTAINABILITY REPORT 11 |
| We offer opportunities and solutions that create value for our
customers and sellers, who are the key stakeholders in the
Hepsiburada ecosystem.
With Hepsiburada Global, we offer our customers an
international shopping experience and provide our sellers with
the opportunity to expand abroad.
FOR OUR CUSTOMERS: FOR OUR VENDORS:
• Same-day Delivery
• Return Pick-up
• Refurbish the Old
• 2-person delivery model
• Access to finance for
suppliers and vendors
• New generation
advertising technologies
and solutions.
• More than 4 thousand stores
• More than 7 million product options
• Transparent order cost
• Fast delivery
• Advantageous prices with quality standards
• Opportunity to sell abroad to e-commerce stores
• Millions of products from abroad to our customers
2023 SUSTAINABILITY REPORT 12 |
| As Hepsiburada, we have a
hybrid business model that
combines 3P and 1P models.
We sell the products on our
online platform, which forms
the basis of our operations,
through the marketplace
model, which we call ‘3P’ or
‘third party’. In addition to the
marketplace model, in the
direct sales model called ‘1P’
or ‘first party’, we buy products
wholesale from suppliers and
list, store and deliver orders to
our customers under the seller
name ‘Hepsiburada’ on our
platform.
Business Model
In the Direct Selling Model,
we source products in bulk,
typically holding inventory for
specific products to sell
directly to customers at
our warehouse centers or
supplier warehouses. On our
online platform Hepsiburada
appears as a seller of
products sold through direct
selling.
Sellers carry out storage, packaging, shipping and
after-sales services with their own means.
The storage, packaging, shipping and after-sales services of the products are carried out by
Hepsiburada.
Our marketplace model connects consumers with sellers offering a
wide range of products. Sellers registered on our online platform set
up their own stores, list and sell their products. In this model, sellers
are seen as the owners of the products they list on our platform
and are responsible for pricing, sales and managing their
inventory. In addition, sellers registered on our platform benefit
from our ‘integrated ecosystem’ that offers various value-creating
services such as access to financing, next-generation advertising
technologies and solutions (HepsiAd), economical and practical
last delivery solutions (HepsiJET) and all operational process
solutions such as storage, addressing, packaging, invoicing and
returns (HepsiLogistics).
Business
Model
DIRECT SALES (1P) MODEL
FBM MODEL* HEPSILOJISTIK MODEL**
MARKETPLACE (3P) MODEL
*fulfilled-by-Merchant
**Applies to sellers who benefit from AllLogistics solutions in the Direct
Sales Model and also in the Marketplace Model.
2023 SUSTAINABILITY REPORT 13 |
| • We purchase wholesale products from our
suppliers in line with our direct sales (1P)
model.
• As Hepsiburada, we list the products on
the Hepsiburada platform by uploading
product information such as details of the
products we will sell, pricing, inventory,
transport conditions, etc.
• We carry out the storage of the products
we purchase in our nine warehouse
centers strategically located across
Türkiye with a total area of more than 163
thousand square meters.
• As Hepsiburada, we deliver the orders we
receive to our customers through our 18
transfer centers, our extensive distribution
network consisting of 213 branches in 81
provinces or other cargo companies.
• After sellers apply to Hepsiburada and provide the necessary
information, we review the applications and activate the stores of
approved sellers on our platform.
• Sellers list their products on the Hepsiburada platform by uploading
product information such as product details, pricing, inventory and
shipping conditions.
• We bring together the products of our sellers who benefit from
HepsiLojistik solutions with our superior service understanding and
technology, and deliver them to our warehouse centers through our
HepsiJET operations.
• We sort and address the products sent to our warehouse centers by
our sellers who benefit from HepsiLogistics solutions and integrate
them into their systems by creating stock. After the sellers receive
orders from the Hepsiburada platform, we carry out all delivery
processes.
• We deliver the orders received by our sellers to Hepsiburada customers
as HepsiJET or through other cargo companies through our 18 transfer
centers and a general distribution network consisting of 213 branches
in 81 provinces.
• We examine the sellers who apply to
Hepsiburada with the necessary information,
and we activate the stores of the approved
sellers on our platform.
• Sellers list their products on the Hepsiburada
platform by uploading product information
such as product details, pricing, inventory,
shipping conditions, etc.
• Sellers who do not benefit from HepsiLojistik
solutions keep their products in their own
warehouses and carry out all delivery
processes themselves after receiving orders
from the Hepsiburada platform.
• When sellers receive orders from the
Hepsiburada platform, they deliver the
orders to Hepsiburada customers via
HepsiJET or other cargo companies.
In the ordering process, which includes the acceptance, picking, storage, consolidation into batches, packing into parcels for delivery and returns of
goods, we operate on the basis of three models.2
2 Within the scope of the Direct Sales Model, we use the drop-shipping model in a small share of our operations. In dropshipping or dropshipping e-commerce, we accept the orders, while orders are
delivered directly from the supplier to the customer by their own means.
DIRECT SALES (1P) MODEL MARKETPLACE (3P) HEPSILOJISTIK MODEL MARKETPLACE (3P) HEPSİLOJİSTİK
MODEL
2023 SUSTAINABILITY REPORT 14 |
| Value Chain
SUPPLY & PRODUCT LISTING ORDER WAREHOUSE DISTRIBUTION DELIVERY
1P Model HepsiLojistik Model FBM
Retail
Supply
Establishment
of Hepsiburada
Stores
Hepsijet Supply
Logistics
Solutions
Storage Processes of Sellers
Hepsiburada HepsiJet Delivery Operations
Warehouse
Centers
Other Shipping
Companies
Delivery of Orders to Our
Customers
Product
Listing
Product
Listing
While we continue our operations in 81 provinces of Türkiye, we advance our operations with storage, distribution and delivery steps to ensure the delivery
of the orders created after the procurement and product listing. We carry out all the services we provide to our customers in line with our understanding of
quality service with our warehouse centers located at strategic points, our route optimization and our own distribution processes as well as the distribution
processes we provide with other cargo companies.
2023 SUSTAINABILITY REPORT 15 |
| LOGISTICS NETWORK AND INFRASTRUCTURE
Hepsiburada Headquarter
Logistics Center
İstanbul Diyarbakır
Erzurum
İzmir Ankara Adana
Gebze ve Tuzla
FBM MODELİ MARKETPLACE MODEL HEPSİLOJİSTİK MODEL
• 7/24 logistics operation
• Uninterrupted access to
our integrated logistics
infrastructure
• Fast, reliable and
cost-effective logistics
solutions
• High-quality Standards
• Pre-sales and after-sales services
• Same Day Delivery
• At your door tomorrow
• At your door in two
hours
• Delivery by appointment
• Receiving returns from
customers' addresses
• Affordable delivery fees
• Excellent customer
experience
18 TRANSFER CENTERS,
213 BRANCHES IN 81
PROVINCES, A WIDE
DISTRIBUTION NETWORK
OF NEARLY 3,000
CARRIERS AND OVER
OUR LOGISTICS CENTERS
STRATEGICALLY LOCATED
THROUGHOUT TURKIYE
WITH MORE THAN 163
THOUSAND SQUARE
METRES OF SPACE
2023 SUSTAINABILITY REPORT 16 |
| Industry Overview and Trends
E-commerce is taking a leading
role in the rapidly growing and
dynamic field of digital commerce.
In recent years, new opportunities
and challenges have emerged for
e-commerce companies, primarily
due to technological advancements
and changes in consumer habits.
As Hepsiburada, we monitor all
these opportunities and challenges,
evaluate the sectoral outlook and
analyze trends. We closely follow
developments to adapt our business to
the future.
2023 SUSTAINABILITY REPORT 17 |
| Developments related to the prominent trends
in the sector are as follows:
RESPONSIBLE MARKETING
Responsible and ethical marketing has
become an increasingly prominent topic
in recent years in terms of long-term and
trust-based relationships with customers.
Responsible marketing is based on the
principles of transparency and honesty in a
broad range of areas from the environmental
and social impact of the products sold
to how personal data is processed.
Consumers demand transparency about
the environmental and social impact of the
product they purchase and the company
that sells that product. At the same time,
responsible marketing also requires that
consumers are not deceived or given
incomplete information. The increase in
demand for sustainable products and the
misleading of consumers by companies with
false or unsubstantiated claims has also
made it necessary to develop legislation
on this subject. The “Green Claims Directive”
proposal, which was approved by the EU
and is expected to enter into force in 2024,
aims to prohibit companies from making
claims containing unverified environmental
statements and to ensure that consumers
make more informed choices.
CHANGING CONSUMER
EXPECTATIONS
Today, consumers do not only care about
the cost and quality in their purchases; they
also want to know the environmental and
social impact of the products they buy and
are turning to more sustainable products.
According to a study published by The
Economist, searches for sustainable products
on search engines increased by 71% between
2016 and 2021.4 According to a study by
McKinsey and NielsenIQ, products with
CSR-focused claims in packaged consumer
goods have recorded a cumulative growth
of 28% in the last five years, while products
of brands without such claims have grown
by 20% in the same period.5
Changing
consumer expectations are starting to
show their impact on purchasing behavior,
especially in the field of sustainability,
going beyond claims. According to the
Harvard Business Review, the increasing
demand for sustainable products can be
explained as follows:6
The concept of “trust”
affects consumer behavior and ultimately
determines the financial performance
of companies. Sustainability, on the
other hand, increases trust in brands and
companies, especially among younger
generations.
3 European Union, Proposal for a Directive on Green Claims (2023)
4 The Economist Intelligence Unit, An Eco-Wakening: Measuring global engagement, awareness and action for nature (2021)
5 McKinsey & Company, Consumers care about sustainability—and back it up with their wallets (2023)
6 Harvard Business Review, Research: Consumers’ Sustainability Demands Are Rising (2023)
2023 SUSTAINABILITY REPORT 18 |
| Generation Z will also be the group with the
highest purchasing power and consumption
in society in the near future. From this point
of view, adapting to the expectations of
new generation consumers, sharing the
environmental and social impacts of the
products in our product portfolio transparently
with consumers, and identifying and increasing
the share of “sustainable” products in our
portfolio within the framework of a certain
set of criteria plays an important role for our
business in the coming period.
SUSTAINABILITY IN LOGISTICS
OPERATIONS
The continued increase in demand for online
shopping in the e-commerce sector is confronting
companies with operational complexity in areas
such as logistics and warehousing. However,
growing volumes are significantly increasing
emissions and waste from transportation and
warehousing. According to the International
Energy Agency, transportation accounts for 7 International Energy Agency, Energy Statistics Data, (2020) 8 OECD, Is Low-Carbon Road Freight Possible, (2018)
2023 SUSTAINABILITY REPORT 19 |
| 24% of energy-related emissions, with road
emissions accounting for 29% of this share. The
OECD expects road transport to double by 2050.
Therefore, it will become inevitable for e-commerce
companies to start looking for innovative solutions
to optimize their logistics operations and minimize
their environmental impact. Some methods and
tools that will optimize e-commerce operations
include data analysis, artificial intelligence,
automation, robotics, cloud computing, blockchain,
and smart packaging. In addition, applications
such as green logistics and reverse logistics are
among the important trends that will shape the
sector’s future sustainability efforts.
ARTIFICIAL INTELLIGENCE
TECHNOLOGIES
Artificial intelligence (AI) is being used in many areas
of the e-commerce sector, from personalizing the
customer experience to making strategic decisions
with data analytics. With the rise of personalized
shopping experiences, artificial intelligence is also
growing rapidly. It is possible to offer personalized
shopping experiences by analyzing customer behavior,
make the right decisions with advanced data analysis,
increase interaction with speech and voice recognition,
and make it easier to find products with visual
search. Companies are increasingly using artificial
intelligence to respond to more practical customer
service solutions, such as product search. At the
same time, voice assistants also make our lives much
easier. According to estimates, the search through
voice assistants is expected to reach a revenue of 80
billion dollars in 2023. On the other hand, the results
of a survey revealed that 48% of marketers expect
to use Virtual Reality (VR), Augmented Reality (AR) or
Extended Reality (XR) technologies. Approximately
43% of consumers say that VR, AR and XR will play
an important role in interactions with brands. Artificial
intelligence can increase process efficiency and
pave the way for better management of increasingly
complex customer processes. All these developments
show that artificial intelligence will be one of the
prominent and rapidly developing areas in the near
future of the e-commerce sector.
PRICING PRESSURE
Pricing pressure in the e-commerce sector is
becoming more evident due to increasing
competition and consumers’ ability to easily
compare prices. In this context, factors such
as the variety of similar products, direct
competition in online marketplaces, the
use of automatic price comparison tools,
and changing consumer demands come
to the fore. E-commerce companies are
developing various strategies to counteract
this pressure and gain a competitive
advantage. Approaches such as dynamic
pricing systems, price matching, product
differentiation, customer loyalty programs
and improving service quality are widely used
in the fight against pricing pressure. In order
to be successful against pricing pressure,
e-commerce companies need to closely follow
the market and adopt flexible and innovative
pricing strategies. In addition, data analytics
and artificial intelligence technologies also
play an important role in the development of
9 Juniper Research, Voice Search Statistics For E-commerce
10 Sprout Social, Q1 2023 Pulse Survey
2023 SUSTAINABILITY REPORT 20 |
| pricing strategies; these technologies enable
more accurate and faster decision-making
in processes such as demand forecasting,
competitive analysis and price optimization.
REGULATORY PRESSURES IN
THE FIELD OF SUSTAINABILITY
Increasing regulatory requirements around
the world, along with changing stakeholder
expectations and investor pressures, make
it necessary to manage sustainability
together with business strategy. The
e-commerce sector, like other sectors, is facing
increasing regulatory pressures in the field of
sustainability. Governments and regulatory
bodies are subjecting companies to stricter
standards based on their sectoral impact to
achieve goals such as reducing environmental
impact, optimizing energy use and limiting
carbon emissions. In particular, regulatory
pressures that started with international
agreements such as the Paris Agreement and
the United Nations Sustainable Development
Goals continue with reporting standards
aimed at increasing transparency around
sustainability reporting within the scope of
the European Union’s Green Deal. Within
the scope of the newly published Türkiye
Sustainability Reporting Standards (TSRS), a
sustainability and climate-related reporting
obligation has been introduced for companies
within a certain scope, starting in 2025.
DATA SECURITY AND PRIVACY
With the increase in digitization and the
widespread adoption of online shopping,
the security of consumers’ personal and
financial data has become a critical issue
for companies that process many different
types of information and data. According
to the results of the 2023 and 2024 Global
Risks Report published annually by the World
Economic Forum, “cybersecurity” is among
the top ten risks. In particular, regulations and
international standards such as the General
Data Protection Regulation (GDPR) of the
European Union bring strict measures to
protect consumer data security and privacy.
However, data breaches and vulnerabilities
and the financial and reputational damage
they can cause are among the factors that
threaten the long-term success of companies.
It is thought that a strong commitment to
data security can increase the competitive
advantage of companies, especially in a
period of increasing concerns about the
protection of personal data.
2023 SUSTAINABILITY REPORT 21 |
| Economic Performance
The e-commerce sector is
estimated to have grown by
approximately 80% compared
to the previous year, reaching
1.5 trillion Turkish Liras in 2023.
E-commerce’s share of total trade
is also calculated to have reached
22%. With consumers expected
to prefer e-commerce more in
2024, the volume is projected to
reach 2.2 trillion TL. The fact that
e-commerce penetration is still low
in Türkiye compared to developed
countries and the rapid growth of
the sector show that the sectoral
growth trend will continue in the
coming years. As one of the leading
representatives of the e-commerce
sector in Türkiye, Hepsiburada also
increases its financial performance
every year and grows the value it
creates with its stakeholders.
..
Hepsiburada achieved
a 104% increase (31%
after inflation adjustment)
in its unadjusted results
according to inflation
accounting in 2023,
reaching a total sales
volume of 96.5 billion
TL (116.5 billion TL after
inflation adjustment).
The total sales of sellers
in the earthquake region
through the platform
exceeded 4 billion TL
in the last year.
Hepsiburada’s order
frequency per customer
increased by 59% to
reach 8.6 orders per
year.
The number of
Hepsiburada Premium
members reached 2.2
million at the end of
2023 and 2.4 million
as of March 15, 2024.
The number of Hepsipay
customers reached 15
million; More than 328
thousand customers
benefited from the
Hepsiburada Limiti
application.
HepsiJET delivered 82%
of Hepsiburada seller’s
orders the next day.
The total number of
orders placed through
the platform increased
by 41% compared to
2022 and reached 113
million.
The number of active
sellers selling through
the platform increased
to 101,500, while the
number of products on
the platform increased
by 41% to 230.4
million.
2023 SUSTAINABILITY REPORT 22 |
| Highlights of 2023
We became the first e-commerce
company in the world to commit
to the United Nations Global
Compact’s “Moving Forward
Faster” initiative.
According to the “E-Commerce
NPS (Net Promoter Score)
Research” conducted by the
independent research institution
FutureBright, we were once again
recognized as Türkiye’s “Most
Recommended E-Commerce
Brand” in 2023.
With the HepsiJET Route
Optimization project, we
managed to achieve a reduction
of up to 8% in daily travel
distance.
We implemented a pilot project
for transitioning to electric
vehicles in cargo deliveries.
Through our “Eskiye Yenile”
(Refurbish the Old) project in
2023, we ensured the recycling
of over 15,000 old electronic
devices.
In 2023, we increased the use of
recycled materials in our bags to
30%, and we plan to raise this rate
to 70% by the beginning of 2024.
We supported over 50,000 women
entrepreneurs within the scope of
the Technology Empowerment for
Women Entrepreneurs.
Through the Women
Entrepreneurs Overcome
Financial Barriers project, we
supported 357 applications from
entrepreneurial women, enabling
them to access a total of 92
million TL in credit.
In March 2023, we launched
the “Trade and Technology
Power to Earthquake Region”
program, and we began
supporting 10,000 SMEs and
tradespeople and 5,000
entrepreneurial women and
women’s cooperatives in the
earthquake region for two
years. Within the scope of the
program, we contributed to
the employment of 120,000
people and the livelihood of
500,000. We are determined
to continue these programs.
As part of the “Hepsiburada
Promise,” following the February
6th earthquakes, we increased
the trade volume of 3,172
entrepreneurial women and
women’s cooperatives to 174
million TL.
Through the training programs
we organized to develop employee
competencies and skills, we
provided an average of 28 hours of
training per employee.
We continued our efforts to
ensure women play a more active
role in leadership positions, and
we increased the female manager
ratio to 36% in 2023.
2023 SUSTAINABILITY REPORT 23 |
| Our Sustainability
Approach
Sustainability Management..................................26
Sustainability Approach...........................................27
Stakeholder Engagement.......................................28
Materiality Analysis......................................................29
24 |
| As Hepsiburada, we are integrating
sustainability into our business
operations to be part of the
transformation, and we carry out
our activities in cooperation with all
stakeholders to create value.
2023 SUSTAINABILITY REPORT 25 |
| Sustainability Management
At Hepsiburada, we see sustainability
and social responsibility as the
core values of our business culture.
Accordingly, we adopt a sustainability-based service approach with a sense
of responsibility towards society
and the environment, and strive to
integrate the value creation approach
into all our activities and the way we
do business. In order to create an
effective sustainability management
model, we established the “Corporate
Social Responsibility and Sustainability”
department under the Corporate
Communications Directorate in 2022
to manage our work in this area. In
the same year, we established the
Sustainability Committee of 27 people
consisting of 10 different departments
under the leadership of the Corporate
Communications, Sustainability and
Social Responsibility team in order
to involve the entire Hepsiburada
ecosystem in sustainability efforts.
The Sustainability Team, led by the CEO, evaluates policies, agenda and
material issues in environmental, social and governance (ESG) issues, creates
plans on material sustainability issues and implements programs and projects
within the framework of these plans.
The Sustainability Team was established with the motto “Sustainable
Tomorrows Start Here!” and is positioned under the Corporate Governance
Committee. The team is chaired by the CEO and the working groups have
separate managers. The Sustainability Unit constitutes our core team. Specific
working groups for sustainability issues that we address on the ESG axis are
composed of employees who are experts in their fields. All working groups are
chaired by a representative from senior management. The overall coordination
of the working groups is provided by the Corporate Communications,
Corporate Responsibility and Sustainability team.
The Sustainability Team meets four times a year and works on Hepsiburada’s
sustainability strategy, short, medium and long-term ESG targets and
performance criteria. In addition, the team organizes all sustainability
communication for the Hepsiburada ecosystem. The Sustainability Team also
carries out all processes related to sustainability reporting, through which
we transparently reveal our sustainability activities. In the upcoming periods,
together with the Sustainability Team, we will ensure sustainability integration
across the entire value chain as well as our operations.
Corporate Management Committee
Sustainability Committee
Sustainability Team
Stakeholder
Relations
& Social
Responsibility
Group
Employess
and
Customers
Group
Corporate
Management
Group
Innovation
Group
Operation
&
Environment
Group
2023 SUSTAINABILITY REPORT 26 |
| Sustainability Approach
As Hepsiburada, we focus on four different areas of sustainability, namely Environment, Society, Employees and Governance, within the scope of the
sustainability approach that we have determined within the framework of our vision, mission and corporate values and according to our sector.
We are aware of our responsibility as part of the transformation
to leave a habitable planet for future generations and build a
sustainable future.
We respect the environment in our operations with innovative
solutions and focus on protecting natural resources and reducing
our environmental impact.
We see our socially beneficial projects as a part of our way of doing
business, and we carry out all our activities with the vision of contributing
to our stakeholders and supporting social development.
In line with our responsible brand approach, we support different segments
of society through collaborations with public and non-governmental
organizations and create social value with the projects we implement.
We see it as one of our biggest responsibilities to provide an
inclusive work environment for our employees where everyone has
equal opportunities and respects differences.
We work hard to ensure that our employees are healthy, happy and
enthusiastic by creating a safe working environment that prioritizes
physical and mental health and supports personal development.
We know that it is the responsibility of each and every one of us
to maintain relationships with our stakeholders based on mutual
respect and trust. For more than 20 years, in line with our principles
of integrity, transparency and accountability, we have acted in
accordance with the highest ethical standards and conducted our
operations in compliance with applicable international regulations
and national laws.
ENVIRONMENT SOCIETY
EMPLOYEES GOVERNANCE
2023 SUSTAINABILITY REPORT 27 |
| Stakeholder Interaction
Stakeholder Group Communication Channel Communication
Frequency
Employees Slack, Email, Phone, Physical/Online Meetings, Hepsione Meetings, Motivation Meetings,
Hepsifun Activities, CFQ Survey, Bence System Continuous
Investors and
Shareholders
Press Releases, Financial Reports, Presentations, Webcast, Annual Reports, Material Disclosures,
Website, Investor Meetings
Quarterly, Annual,
Continuous
Customers Call Center, Whatsapp, CRM, Market Research, UX Research, CX Research Continuous
Suppliers Mail, Phone, Whatsapp, Online and Face-to-Face Meetings Continuous
Vendors Ticket, Call Center Incoming Calls, Vendor Calls, Meetings - Face-to-Face Communications,
Projects, Vendor Announcements Continuous
Retail Suppliers E-mail, Telephone, Face-to-Face Events, Online Meetings, Internal Messaging, Satisfaction
Survey, Training Meetings, Projects Continuous
Public Institutions Face to Face Visits, E-Mail, Telephone, Online Meetings Continuous
Banks Press Releases, Financial Reports, Website, Meetings Continuous
Civil Society
Organizations Internal Messaging, Meetings, Media Events, Projects, Satisfaction Surveys Continuous
Cooperatives Meetings, Internal Messaging, Website, Projects, Media Events Continuous
Universities Email, Whatsapp, Phone Calls, Face-to-Face and Online Activities Periodical
Media Press Meetings, Media Events, Financial Reports, Announcements, Website Periodical
We act with the awareness that it is not possible for organizations to survive on their own, and we believe that collaborating with our stakeholders is
critical in strengthening and sustaining our business. As Hepsiburada, we identify our stakeholders who have a direct impact on our business, and we
take care to interact with them on a regular basis. We come together with our stakeholders through different communication channels and allow them to
contribute to our business processes by receiving their opinions.
2023 SUSTAINABILITY REPORT 28 |
| Materiality Analysis
At Hepsiburada, our efforts in our sustainability
journey focus on creating contribution and meaningful
impact throughout our value chain. To this end, we
conducted a materiality analysis in 2023 to guide us in
prioritizing sustainability issues, to help us understand
stakeholders’ expectations, and to direct our efforts to
areas that can create the most value.
While conducting the analysis, we evaluated both the
current and potential impact of the material issues
that we will address in different dimensions such as
environmental, social and governance, Hepsiburada’s
impact within the scope of these material issues, and
the opinions of stakeholders within our value chain.
On the other hand, we divided the stakeholders into
different focus groups to analyze the feedback we
received and customized the contribution rates to our
impact matrix according to this grouping.
During the analysis process, we conducted a three-step study to identify our material issues:
1. In the first step of the process, we aimed to identify our potential
material issues by conducting an external environmental analysis. In
this context, we reviewed our impact along our entire value chain
and evaluated the sector priorities of SASB (Sustainability Accounting
Standards Board), S&P (Standard & Poor’s) and MSCI (Morgan Stanley
Capital International). We also conducted a comparison study by
examining the sustainability activities of organizations operating in
our sector. In the light of these studies, we identified our potential
material issues in the environmental, social, employee and governance
dimensions.
2. In the second step, we reached more than 6,000 stakeholders
with the participation of our key external stakeholders, which we
identified as investors, banks, vendors, customers, retail suppliers,
operational suppliers, universities, non-governmental organizations
and cooperatives, and our employees and senior managers as internal
stakeholders, and identified their priorities by conducting stakeholder
analysis.
3. In the third step, we created the materiality matrix using the inputs we
obtained through external environmental analysis, senior management
opinions and internal and external stakeholder surveys. In this context,
we conducted a study in which we evaluated the priority of each key
stakeholder group for us and reflected the opinions of internal and
external stakeholders in the matrix in line with the outputs of this study.
Finally, we presented the matrix and the results of the analysis to senior
2023 SUSTAINABILITY REPORT management for their approval. 29 |
| 10
9
6
7
11
5
4
1
2
3
8
In the matrix we created in line with the analysis outputs, we mapped our material issues with color codes as “Environment”, “Employees”, “Society” and
“Governance”. Importance for Stakeholders
Tertiary Priority Secondary Priority Primary Priority
Environment Importance for Hepsiburada
Water
Management
Emission
and Energy
Management
Innovative
Packaging
Solutions Sustainable
Logistics
Circularity
and Waste
Management
Protection of
Intellectual
Property Rights
Supply Chain
Data Security
and Privacy
Ethical Business
Conduct
Talent Management and
Development
Inclusion, Equality and
Diversity
Positive Social Impact
Women Entrepreneurship
Employee Health, Safety and Welfare
Employees Society Governance
12
13
14
2023 SUSTAINABILITY REPORT 30 |
| Priority Subject Definition for Hepsiburada Related SDGs Primary Priority
Society 1 Women
Entrepreneurship
As Hepsiburada, we implement projects and programs for women entrepreneurs
through our platform to support women’s participation in the workforce, contribute
to the development of financial literacy and entrepreneurship skills, and play a role in
women’s empowerment.
Employees 2 Inclusion,
Equality and
Diversity
We strive to provide all employees with an inclusive work environment that is fair, based
on equality and has a zero-tolerance policy towards discrimination. We support the
employment and leadership of women and young people within our company.
Employees 3 Employee
Health, Safety
and Welfare
We aim to implement pioneering practices in the sector by providing a safe work
environment for all employees. We prioritize the well-being, happiness and loyalty of
our employees and support them throughout their Hepsiburada careers.
Society 4 Positive Social
Impact
With the responsibility we feel towards the society we live in, we support
disadvantaged individuals by carrying out projects that will create a positive social
impact. We engage in activities and collaborations to support the development of
science, culture, education, sports and arts.
Governance 5 Ethical Business
Conduct
We draw strength from our transparent and ethical business practices and act
according to the highest ethical standards in line with our principles of honesty,
transparency and accountability.
Secondary Priority
Environment 6
Innovative
Packaging
Solutions
We conduct research and development to develop sustainable packaging and
responsible packaging solutions that we can integrate into our operations. We ensure
that all packaging waste generated during the packaging process is sent to licensed
recycling facilities and recycled into the economy.
Environment 7 Circularity
and Waste
Management
We develop various ways to integrate circular economy practices into our
business model. While working to reduce the use of resources, we also carry out a
comprehensive management process to prevent returned products from becoming
waste.
2023 SUSTAINABILITY REPORT 31 |
| Priority Subject Definition for Hepsiburada Related SDGs Secondary Priority
Governance 8 Data Security
and Privacy
We prioritize privacy principles and compliance by protecting all personal information
of our stakeholders. We are committed to maintaining a globally recognized privacy
and information protection policy for our information assets that is in line with
international best practices and standards, including the ISO 27001 Information
Security Management System Standard.
Environment 9 Sustainable
Logistics
We manage the environmental impact of our extensive logistics, distribution and
delivery network with a responsible approach and combine operational efficiency with
innovative approaches in our efforts to reduce our carbon footprint.
Environment 10
Emission
and Energy
Management
While addressing our environmental impact, we adopt a comprehensive management
approach process that focuses on minimizing our carbon footprint and energy
consumption with the awareness that we are an e-commerce company. We monitor
the impact of our operations on climate change by focusing on areas for improvement.
Employees 11
Talent
Management
and
Development
We work to keep and develop employees and attract new and high-potential talents.
We develop the professional, competence and managerial skills of human capital in a
versatile way. We offer training opportunities in line with the competencies and career
goals of our employees; We reward success with performance management and
support our employees in all aspects of their career.
Tertiary Priority
Governance 12 Supply Chain
Adhering to international standards and all applicable laws and regulations, we
prioritize fundamental human rights and fair working conditions in every step we take.
We share the responsibility for this with our suppliers. We are working to develop a
transparent, responsible, and inclusive value chain.
Governance 13
Protection of
Intellectual
Property Rights
We believe that the protection of intellectual property rights is one of the fundamental
elements of operating a healthy and sustainable e-commerce system. We manage
intellectual property risks through our agile and solution-oriented approach, various
measures we have taken, and well-structured information security policies.
Environment 14 Water
Management
Keeping track of our water consumption, we are developing productivity activities
through which we ensure responsible usage of water resources
2023 SUSTAINABILITY REPORT 32 |
| Environmentally
Friendly
Operations
with Innovative
Solutions Starts
Here!
Energy and Emission Management ..............35
Circularity and Waste Management............38
Sustainable Logistics ..................................................42
Water Management................................................... 46
33 |
| We are facing a series of environmental crises that
threaten the future. For the last 200 years, global
greenhouse gas emissions have been steadily increasing
due to unsustainable energy use, land use change, and
imbalances in production and consumption processes.
Large-scale and complex crises such as climate change
concern all sectors, including the e-commerce sector,
companies, public institutions, academics and society,
and the solution lies in joint efforts. As Hepsiburada, we
are aware of our responsibility in solving this problem.
While addressing our environmental impact, we adopt a
comprehensive management approach that focuses on
minimizing our carbon footprint and energy consumption
with the awareness that we are an e-commerce
company. We aim to transform the way we do business
by focusing on sustainable resource and responsible
packaging use, energy efficiency in all operations and
innovative logistics solutions. We aim to contribute to
the sustainability transformation of the sector with good
practices while reducing our environmental impact
through strategic steps we will take by proactively
identifying the impacts of our operations.
2023 SUSTAINABILITY REPORT 34 |
| Energy and Emissions
Energy consumption and greenhouse gas emissions are among the
areas where our operations have the highest environmental impact,
considering the e-commerce sector in which we operate. We have been
measuring and monitoring the greenhouse gas emissions associated with
Hepsiburada’s current operations and value chain for the last two years. In
the coming period, we plan to work on our roadmap to reduce greenhouse
gas emissions by examining in more detail in which areas of activity the
emission sources are concentrated. In addition, we plan to expand the
boundaries of Scope 3 emissions and include critical emission categories
for our operations in the calculation methodology.
In 2023, we initiated a series of measures to reduce overall energy
consumption. We saved energy by switching to LED lighting in our
warehouse centers.
HEPSIBURADA’S CARBON FOOTPRINT
specially in recent years, we have witnessed many countries adopting
emissions trading programs, carbon or energy taxes, energy efficiency
and emissions regulations and standards. In addition to being prepared
for future national or regional climate policies, it is of great importance for
companies to be aware of their environmental impact and take bold steps
to reduce this impact on the way to solving the climate crisis. In this context,
the “Intergovernmental Panel on Climate Change” (IPCC) has predicted
that rapid and sustained reductions in greenhouse gas emissions will lead
to a noticeable slowdown in global warming within about 20 years, as well
as noticeable changes in atmospheric composition within a few years.
We recognize the transformative power of the private sector in reducing
greenhouse gas emissions. We know that as we continue to grow, we
need to monitor the impact of our operations on climate change through
continuous improvements. We focus on reducing our environmental impact
to be part of the sectoral transformation and with the awareness that we
have limited resources.
We have been calculating greenhouse gas emissions for two years in line
with the methodologies recommended by the “Greenhouse Gas Protocol”
(GHG Protocol) in order to understand our environmental impact and to put
forward action plans. Accordingly, we will better understand what we can
improve and evaluate our operations during the transition to a low-carbon
economy.
Like many leading companies in the technology and retail sectors
worldwide, we have a large logistics network. Direct emissions, such as
company vehicles and the fuel used by our fleet, are included in Scope 1
11 IPCC, Summary for Policymakers. In: Climate Change 2023: Synthesis Report, (2023)
2023 SUSTAINABILITY REPORT 35 |
| 2023 ENERGY CONSUMPTION DISTRIBUTION
GREENHOUSE GAS EMISSIONS (TON CO2E)
3%
Buildings
57%
Vehicle Fleet
32%
Electricity
Consumption
7%
Company
Cars
2023
664,6
550,7
56,9
13,870.0
14,097.8
2,437.5
39,723.7
31,630.9
19,207.1
2022
2021
emissions, which account for 73% of our total
emissions. In 2023, Scope 1 emissions increased
by 25% year-on-year, driven by company
growth and improvements in emissions
accounting processes.
COMMON BARCODE SYSTEM
We developed the “Common Barcode” system
to increase efficiency in sales operations and
shorten the processing times in the warehouse.
With this system, Hepsiburada’s own barcodes
are printed, while at the same time the
corporate barcode of the cargo company
assigned to the order is also printed. As a
result, we prevent cross-shipment problems
and save more than 1 million label printing
per month on average. We also reduce our
environmental impact with the time and
material savings we create in warehouse
orders.
With the common barcode
system we developed, we save
more than 1 million labels on
average per month
Scope 3 Scope 2 Scope 1
2023 SUSTAINABILITY REPORT 36 |
| SMART SOLUTIONS TO
REDUCE DEMAND FROM
MARKETPLACES
As Hepsiburada Marketplace, we are an
e-commerce platform with more than 101,000
active sellers. With the Marketplace project,
we aim to improve return processes and
reduce unnecessary product returns. Within
the scope of the project, we will ensure that
immediate action is taken for deficiencies
such as packaging, transportation, product
descriptions; and the products with such
deficiencies will not be sold. In this process, we
plan to establish a living system with threshold
values in return and exchange rates by utilizing
historical data. In this way, we aim to reduce
the carbon footprint, lighten operational
processes and increase customer satisfaction.
HEPSIMAT
As part of our delivery services, we launched
the “HepsiMat” solution to create a network
of collection points where customers can pick
up their purchases. With HepsiMat points,
where more than 3,000 orders are delivered
daily, we offer customers alternatives in terms
of delivery time and location, enabling them
to pick up their orders from a delivery point
outside their homes and workplaces at any
time they wish. In 2023, we collaborated with
shopping malls, gas stations, grocery stores
and stationery stores through 6,046 active
HepsiMat points. In 2023, we delivered a total
of 930,000 packages to our customers through
HepsiMat points, which we observed to be
more preferred especially during the intense
campaign period. In addition, with HepsiMat
delivery points, we ensure that the burden
on cargo companies is eased and last-mile
delivery, which is the biggest cause of sectoral
carbon emissions, is reduced.
2023 SUSTAINABILITY REPORT 37 |
| Circularity and Waste Management
We are experiencing a significant increase in the rate of consumption
of natural resources due to rapid population growth, economic growth
and the associated global demand. Today, the demand for natural
resources exceeds 41% spare capacity of the world due to the current rate
of consumption. The fact that the World Overshoot Day, which has been
occurring earlier and earlier for years, will take place on August 2, 2023,
shows how fast we are exceeding the self-renewal capacity of nature.
At Hepsiburada, we prefer alternative solutions to waste through recycling
or reuse. In order to reduce the waste-induced impact of our operations,
we separate the waste generated at the source and work to bring it back
to the economy through reuse and recycling, and we consider sending it to
landfills as a last resort. The majority of the waste generated as a result of
our operations comes from packaging materials used to deliver products
to customers, and therefore, as our business grows, so does our packaging
waste. In this context, we are aware of our increasing impact and take
actions to promote responsible and sustainable packaging use.
CIRCULARITY
In the last six years, the global economy has consumed half a trillion tons
of materials derived from natural resources - the equivalent of almost the
entire 20th century. As economies continue to grow, so does the demand
for raw materials, energy and other natural resources. Today, globally, we
generate close to 2 billion tons of waste per year on average. To tackle the
growing waste problem, we urgently need to shift from the linear economic
model of “take, make, waste”, where products are landfilled or incinerated
at the end of their use without being recycled, to a circular economy
approach. The circular economy creates a closed loop by encouraging
products to be designed to reduce waste, products and production
materials to be used for as long as possible, and end-of-life products to be
recycled into the economy.
As Hepsiburada, we develop various ways to integrate circular economy
practices into our business model. We carry out a comprehensive
management process to prevent returned products from becoming waste.
If the returned products are undamaged and unused, we offer them
for resale; for damaged and deformed products, we initiate a technical
service process. For products that are not fully recovered at the end of
the technical service process, we hold second-hand auctions and ensure
their resale. On the other hand, we monitor waste generation resulting from
excess inventory, including overstocked, returned, damaged or expired
products, within a conscious waste management framework. In addition,
12 Global Footprint Network, Earth Overshoot Day 2022 13 Circle Economy Foundation, Circularity Gap Report 2024, (2024)
2023 SUSTAINABILITY REPORT 38 |
| thanks to our “Refurbish the Old” project, we recycle old electronic waste
and bring it back into the economy.
REFURBISH THE OLD
According to the United Nations’ 2022 Global E-Waste Flows Report, while
we generate an average of 7.3 kg of electronic waste per person every
year, this average is projected to increase to 9 kg per person in 2030. As a
result of changing consumption habits, the amount of electronic waste is
increasing every year due to reasons such as shorter usage periods and
higher repair costs.
As Hepsiburada, with the Renew the Old project we launched in 2020, we
take old devices from customers’ homes and evaluate them, and in return,
we offer gift vouchers, cash payments or the opportunity to buy a new
phone. We re-evaluate old devices within the framework of the procedures
we have determined with our business partners, thus preventing electronic
products from becoming waste. Within the scope of the Renew the Old
service, our customers evaluated 15,480 old electronic devices in 2023 and
received cash or gift vouchers in return.
As of July 2023, all old devices received from customers are directed to
third-party refurbishment centers that we have contracted with, and
after the necessary maintenance and repairs are carried out at the
We reintroduce electronic products, especially electronic
products, which are returned due to problems such as breakage and
deterioration due to cargo and other reasons, back into the economy
by selling them after inspections.
We repair and reuse broken or damaged pallets in order to increase
the lifespan of the wooden pallets we use to transport products and
bring them to the warehouse centers.
We send waste from our warehouse centers or expired products to
recycling facilities. In 2023, we recycled 21,000 kilograms of food waste.
We prevent harmful substances from entering the natural world by
sending detergents and similar chemical products that break down,
get damaged and become unusable during transportation to recycling
facilities. In 2023, we ensured that 62,000 kilograms of chemical waste
was recycled.
We ensure that clothes that have been returned and are suitable for
reuse are shared with those in need.
More than 15,000 old electronic devices were recycled in 2023 with
Refurbish the Old project.
14 UNITAR, Global Transboundary E-Waste Flows Monitor 2022, (2023)
refurbishment centers, we offer them back to consumers as refurbished
2023 SUSTAINABILITY REPORT 39 |
| second-hand devices. Here are some of the activities we have carried out
as Hepsiburada by adopting the circular economy model;
PACKAGING WITH INNOVATIVE SOLUTIONS
ackaging, which plays an important role in our customers’ delivery
experience and represents the first contact with the brand, stands out
as one of the most important areas to be addressed in the sustainability
journey of all companies in the e-commerce sector. At Hepsiburada, we
are aware of our responsibility to optimize delivery packaging in terms of
sustainability and performance, and to ensure that products are delivered
safely to customers.
Even in today’s conditions, where new packaging technologies, recycled
and/or recyclable packaging materials are rapidly becoming widespread,
packaging returns to nature as waste after a short lifespan. Considering
limited resources, we need to adopt circular models that do not use
packaging unless necessary, reduce our packaging volumes, optimize lighter
and right-sized packaging, and most importantly, eliminate the process of
turning into waste.
At Hepsiburada, we conduct research and development to develop
sustainable packaging and responsible packaging solutions that we can
integrate into our operations. We ensure that our packaging is made of
cellulosic cardboard and is 100% recyclable. We also prefer 100% recyclable
plastic materials, including polyethylene and polypropylene, in the filling
materials we use.
2023 SUSTAINABILITY REPORT 40 |
| By recycling approximately 964,000 kg of packaging waste
in 2023, we eliminated the sending of waste to landfills and
reduced our environmental footprint from waste.
Packaging Materials (kg)
2023
2022
2021
Paper Packaging
837,349
701,385
623,994
1,186.932
1,801.065
1,610.515
We use two different materials in our packaging processes: paper-based
parcels and plastic-based PVC to prevent problems such as breakage
and leakage. When the order is received, we use our software developed
by Hepsiburada engineers to determine in which parcel or package the
products will be placed with minimum packaging in our warehouse centers
and ensure that the products are packaged in the most appropriate way. The
shrink machine enables us to package liquid products in the most efficient
way, saving money and cutting waste by using the materials in the most
appropriate way.
In our direct sales model, our retail suppliers send the products to our
warehouses in paper and plastic packaging to ensure safe and undamaged
delivery. In order to prevent the waste of packaging materials generated after
the products are unpacked and placed on the shelf, we send these valuable
waste, as well as all packaging waste generated in our warehouse centers, to
licensed recycling facilities to ensure that they are recycled into the economy
in line with the circular model. With this method, we recycled approximately
964,000 kilograms of packaging waste in 2023, eliminating the sending of
waste to landfills while reducing our environmental footprint caused by waste.
We used 30% recycled material in our 100% recyclable bags
in 2023 and increased the recycled material ratio to 70% by
the end of the year.
2023 SUSTAINABILITY REPORT 41 |
| Sustainable Logistics
Freight transport plays an important role in the global economy, moving
billions of tons of cargo around the world every year. According to
researchers from the Massachusetts Institute of Technology’s Supply
Chain Initiative, freight transportation accounts for around 8% of global
greenhouse gas emissions, rising to 11% when warehousing operations
are included. On the other hand, according to the European Environment
Agency, the efficiency of freight transportation (especially heavy-duty
transport) has increased compared to previous years. However, as
increasing demand outpaces efficiency gains, there is a growing need
for innovative solutions that can manage demand and incorporate
digitalization into processes.
In an increasingly competitive environment, companies in the e-commerce
sector, which relies on transportation for long-distance, regional and urban
transfers and delivery to the customer, are expected to meet delivery
expectations on the one hand, and to implement sustainable practices
with a focus on environmental and social impacts, taking into account
stakeholder expectations on the other. As Hepsiburada, we are aware
that we can solve the problems related to our logistics-related operational
impacts with our technology and innovation power, and in this context, we
continue to work on operational efficiency with our innovative approaches.
At Hepsiburada, we manage Hepsilojistik operations, which provide
logistics support for our corporate customers’ pre-sales and post-sales
processes, including product entry, transportation, addressing and
counting, customer order management, order picking,
We serve more than 1,500 e-commerce partners in
distribution and delivery processes through our HepsiJET
operations with 18 transfer centers and 213 branches in 81
provinces.
packaging and invoicing, shipping, delivery to the customer and customer
return processes, with our nine warehouse centers covering a total of
163,535 square meters, including Tuzla, Ankara, Izmir, Adana, Diyarbakır and
Erzurum warehouses, especially our Gebze warehouse, which is our largest
storage center. With more than 1,500 e-commerce partners, we provide
services in distribution and delivery processes through our 18 transfer
centers and 213 branches in 81 provinces and HepsiJET operations.
15 International Energy Agency, CO2 Emissions from Fuel Combustion, (2018)
2023 SUSTAINABILITY REPORT 42 |
| HEPSİJET TRANSPORTATION OPERATIONS
OPTIMIZATION
We have a wide range of vehicles, from heavy-duty transport vehicles used
for long-distance transportation to commercial vehicles used for the final
delivery. In this regard, transportation, which holds a significant share in
our operational activities, accounts for 57% of our energy consumption and
69% of our calculated greenhouse gas emissions within defined limits. We
are aware of the need to follow good practices in transitioning to green
transportation through increased global efficient fuel consumption practices
and the use of low- or zero-carbon fuels.
Given the limited infrastructure for electric vehicle usage and the availability
of electric vehicles suitable for the cargo sector in our country, we plan to
transition our transportation activities towards carbon neutrality by adopting
electric vehicles for our cargo distribution vehicles. Additionally, we are
focusing on reducing emissions from our vehicle fleet through numerous
process optimization projects and algorithms aimed at designing the most
efficient routes.
With our transfer centers strategically located in suitable areas across
different regions of our country, we execute more efficient operations at
lower costs. By transporting products in bulk to the nearest locations, we
achieve energy, fuel, and cost savings.
16 The process of categorizing and classifying products held by suppliers according to customer
needs, directly in their packaged and unopened condition, without taking them into stock or
placing them in warehouses, and subsequently sending them to customers.
As HepsiJET, we are working on creating and loading vehicle routes correctly,
with the aim of making our transportation model a more flexible and faster
distribution system, in line with our rapidly growing customer portfolio and
the increasing e-commerce demand in our country. With the projects we
carry out in this context, we create cross-docking and time window routes
and offer a fast, error-free and punctual delivery service by optimizing the
loading problem. At the same time, we aim to reduce emissions resulting
from our processes by saving cost and fuel thanks to the use of the right
number of vehicles and the most accurate route.
2023 SUSTAINABILITY REPORT 43 |
| MULTI-VEHICLE ROUTE
OPTIMIZATION
Inefficient route designs can lead to excessive
fuel use and increase carbon emissions. Thanks
to HepsiJET’s “Multi-Vehicle Route Optimization”
technology, we ensure high efficiency in
the delivery processes of cargo orders. We
created the innovative system, registered by
TURKPATENT, inspired by the instinct of ant
colonies to carry their food to their nests and
the miracles of nature. Creating a model based
on the priority of shipments and the distance
matrix between the delivery points of orders,
this system reveals a multi-vehicle distribution
scenario by calculating the delivery costs of
each possible route and creating a single route
to all locations in the set of delivery addresses.
In this way, we handle the entire delivery
process from end to end in the most efficient
way by ensuring the use of the optimum number
of vehicles from the existing vehicle fleet.
DELIVERY MANAGEMENT
SYSTEM 4.0
Within the scope of our HepsiJET operations,
where the number of shipments distributed
increases every year compared to the
previous year, we developed the “Delivery
Management System” with domestic resources
in order to manage the increasing demand
without decreasing customer satisfaction.
Thanks to this system, planned technological
developments, automation technology
integrations, increasing package traceability,
and estimated arrival time, we have developed
mobile solutions that allow payment on delivery
and facilitate the operation flow. The Delivery
Management System has an infrastructure
that covers customer needs end-to-end on a
national scale and is equipped with algorithms.
Therefore, it provides benefits to customers,
carriers and companies by preventing
process inefficiencies. We contribute to the
development of the e-commerce ecosystem
by offering a win-win approach. We work to
reduce our environmental impact by providing
resource efficiency through capacity estimation
and route optimization, which are the machine
learning techniques we use.
DETERMINING COMPANY
WORKING AREAS WITH
OPTIMIZATION AND MACHINE
LEARNING METHODS
With the increase in shipment volume and the
number of carriers working in the branches, we
implemented “Determining Company Working
Areas” project in 2022 to position HepsiJET’s
branches so that customer shipments can
be delivered at the promised time and to
determine the working areas of the carriers
who distribute from the branches with the
help of algorithms. Thanks to the algorithm
we have developed, we are able to provide
fair sharing to carriers, even in constantly
changing volumes, by creating automated
carrier fields, with minimal updates. In
addition, by increasing carrier satisfaction,
we increase transportation time and
quality and strengthen our communication
with our customers. This project, which
prioritizes innovation, not only fully adapts
to the large volume changes and changing
field operations in the industry, but also
helps to create more efficient regions by
supplying data to machine learning and to
increaseoperational efficiency by making
forward-looking predictions.
2023 SUSTAINABILITY REPORT 44 |
| OPTIMIZATION AND CAPACITY
MANAGEMENT IN TIME WINDOW
AND EXPRESS DELIVERIES
We observe that time windows for the delivery
of e-commerce products are narrowing and the
expectation of fast delivery is strengthening day
by day. In this regard, in addition to the services
currently offered by HepsiJET, we implemented our
“Optimization and Capacity Management in Time
Window and Express Deliveries” project in 2022,
in order to implement lower time interval delivery
types such as hourly, two-hour, and one-hour post-order delivery. With this project, which we started
in 2019 supported by TUBİTAK, we contribute to
the growth of the sector with local and national
technologies, and aim to solve the issue of
compliance with time windows in delivery, which is
one of the problems in the growing e-commerce
sector in our country. In this way, we ensure fast
deliveries that meet customer expectations,
as well as reducing environmental impact with
correctly positioned and efficiently managed
smaller storage areas. At the same time, we
believe that this project will lead to the spread
of smaller-area markets and efficient and small
warehouses instead of large-area markets in the
Turkish retail sector.
SMART WAREHOUSE
MANAGEMENT PLATFORM
Warehouse management, one of the most critical
legs of logistics processes, always offers efficiency
and improvement opportunities. The “Smart
Warehouse Management Platform” project aims
to bring together Hepsiburada’s knowledge of
warehouse management and the experience of
the Hepsilojistik project. Improvements in the field
of warehouse management not only increase
operational efficiency, but also focus on the
efficient use of devices such as forklifts, which are
used extensively in warehouses and have high
energy consumption. With this project, we will
redesign basic warehouse management functions
such as counting, replenishment, warehouse
addressing, and assigning personnel according
to workload with smart solutions and innovative
methodologies. We also aim to save resources
through improvements to be made in forklifts
and handheld devices.
2023 SUSTAINABILITY REPORT 45 |
| Water Management
Water crises pose one of the biggest risks to the global economy, with
nearly two billion people today living in areas at risk of severe water
shortages. While the WWF emphasizes that we have lost one-third of
wetlands worldwide since 1970, it points out that we, as humanity, will see
the effects of the climate crisis most quickly and severely on water.
We consider managing our water consumption sustainably as one of
our priorities, and we attach importance to the efficient use of water in
all operations. Within the framework of our industry and business model,
we use water for domestic purposes in our offices, warehouse centers
and branches. In this context, we intensified our efforts to reduce water
consumption by researching solutions for water saving opportunities. We
saved water by switching to a contact sensor tap system and purified
water system in our warehouse centers and offices.
As a result of these efforts, our water consumption in 2023 was 809,036
m3. By increasing our data coverage compared to last year, we included
the water consumption of HepsiJET branches and transfer centers in our
calculations. As Hepsiburada, we reduced our water consumption by 9%
compared to last year. This decrease is mainly due to the decrease in our
tank water consumption compared to the previous year.
17 WWF, Freshwater at WWF, (2023).
2023
2022
2021
Water Consumption (m3)
809,036
731,273
709,071
In the coming periods, we will continue to reduce our consumption and
explore opportunities for water reuse in order to reduce our water footprint.
2023 SUSTAINABILITY REPORT 46 |
| Inclusion, Equity and Diversity.............................49
Talent Management and Development.....51
Employee Engagement and Wellbeing......55
Employee Health and Safety.............................. 56
47
Equal and Inclusive
Corporate Culture
Starts Here! |
| We work with the awareness that our human
resources are one of the most important factors
contributing to our success. We strive to create
a Hepsiburada culture where all employees feel
healthy, happy, safe, and connected by providing
an equal and inclusive work environment. We
never compromise on discrimination and believe
that our differences such as gender, age, and
ethnic background are assets. We implement
development programs tailored to the needs of
employees in different roles and levels, regularly
measure performance, and reward positive
performance. To bring new talents on board and
sustain Hepsiburada’s innovative and dynamic work
environment, we implement programs for university
students. By prioritizing employee health and safety,
we create a compliant working environment in office
spaces, warehouses, and all other work areas.
EMPLOYEE DEMOGRAPHICS
As of the end of 2023, Hepsiburada has a total of
3,137 employees, with 1,385 female and 1,752 male
employees. 90% of our workforce consists of white-collar workers, while 10% are blue-collar workers. Our
company has a young workforce: 43% of employees
are under 30 years old, 56% are between 30 and 50
years old, and the remaining 1% are employees over
50 years old.
43
%
90%
1%
10%
56%
under 30
30-50 years old
50 years and above
White Collar
Blue Collar
EMPLOYEES BY AGE
EMPLOYEES BY CATEGORY
2023 SUSTAINABILITY REPORT 48 |
| Equality, Inclusivity and Diversity
In line with the prioritization analysis we have conducted, inclusivity,
equality, and diversity are among our highest priority areas. At
Hepsiburada, we strive to create an inclusive, fair, and respectful work
environment where all employees can discover themselves. We adopt a
zero-tolerance approach to any form of discrimination based on gender,
age, ethnicity, etc. From recruitment to performance management,
compensation, promotions, and talent management practices, we
demonstrate an equal and fair approach. We offer development
opportunities for career progression to all employees without discrimination.
We integrate egalitarian and inclusive human resources processes into our
organizational culture. We inform our employees by publishing all policies
and procedures on company intranet portals, ensuring their access.
GENDER EQUALITY
Under the headings of equality and inclusivity, we prioritize gender equality,
considering the geography and social conditions of our context. Starting
from our own operations, we strive to ensure gender equality across the
entire ecosystem, particularly in economic and social areas. In this regard,
we became a signatory to the United Nations Women’s Empowerment
Principles (UN WEPs) in 2022 and continue our efforts in line with these
principles.
2023 SUSTAINABILITY REPORT 49 |
| We encourage women’s participation in the workforce, development
of leadership and entrepreneurial skills, and acquisition of skills and
talents they will need in job descriptions. Through recruitment and talent
management programs, we work to achieve a balanced increase in the
number of female employees and female managers within Hepsiburada. In
this context, in new recruitments, we prioritize the employment of women by
supporting positive discrimination among candidates with equal levels of
competency and technical skills. We approach promotion processes with
a perspective of gender equality to address the biggest challenges faced
by women in the workforce, such as the “glass ceilings”. We maintain the
proportion of women among all employees above 40% and aim to increase
this ratio. In 2023, the proportion of female employees at Hepsiburada
reached 44%. Through our efforts to increase the representation of women
in leadership positions, we raised the proportion of female managers
to 36% in 2023. We are taking steps to facilitate the return to work from
maternity leave. In addition to their legal rights, we provide the support
they need during this period, especially if female employees prefer part-time work after childbirth. We continue to provide all benefits to new
mothers during their unpaid maternity leave. Afterwards, we provide
childcare support for the children of female employees. In 2023, 111
employees, 63 of whom were female and 48 were male, took advantage
of maternity or paternity leave, and 13 female employees returned to work
after maternity leave.
As signatories to the United Nations Women’s
Empowerment Principles, we work towards achieving gender
equality in all areas.
2023
2023
2022
2022
2021
2021
WOMEN EMPLOYEES BY YEAR
WOMEN MANAGERS BY YEAR
44%
36%
46%
34%
46%
34%
2023 SUSTAINABILITY REPORT 50 |
| Talent Management and Development
Effective management of human capital
plays a critical role in Hepsiburada’s success.
Therefore, our steps in this area include
retaining existing talents, attracting new
talents, developing employees’ competencies
and skills, supporting them in their career
journeys, measuring performance, and
rewarding good performance.
TRAINING AND TALENT
MANAGEMENT
We consider it our responsibility to support
our employees’ development in line with
the skills of the future. The continuous
development of human capital plays a
critical role in implementing Hepsiburada’s
future vision and strategies, sustaining an
innovative and entrepreneurial organizational
culture, and increasing the value created
throughout the entire Hepsiburada ecosystem.
Hepsinstitute serves as the framework for
competency development. We offer various
2023
2022
2021
Training Hours per Employee by Year
28
38
37
DEVELOPMENT MODEL AND
PROGRAM
We offer our employees development
programs in four main categories, ensuring
continuous and holistic development.
programs tailored to employees’ needs and
expectations and always encourage their
development. We adopt a blended learning
model, and engage employees through in-person, virtual classroom training sessions, and
online training offered through various digital
development platforms such as Hepsinstitute,
Udemy, Pluralsight, and Open English. In 2023,
the average training duration per employee
was 28 hours.
LEADERSHIP DEVELOPMENT
We prioritize the development of a common
leadership culture and the behavior expected
from leaders to achieve Hepsiburada’s
strategic goals. In this regard, we facilitate
the development of fundamental leadership
competencies for managers through the
Hepsinstitute Leadership Academy program,
which encompasses managers from every level.
The program consists of three modules tailored
to each level of management, focusing on
self-leadership, leadership in their roles, and
leadership within their teams. It includes virtual
classes, assessments, group coaching sessions,
2023 SUSTAINABILITY REPORT 51 |
| various reinforcement videos, and applications.
Additionally, we organize Rev Up training
programs and leadership seminars to support
the leadership journeys of managers who
complete the program.
In the context of the 10-month Leadership
Development Program, 737 managers received
an average of 20 hours of leadership training
per person in 2023. Based on feedback from
participants, the satisfaction rate of the program
was 4.47 out of 5. The leadership program
continues to be implemented for managers who
will be newly promoted or newly hired.
TALENT DEVELOPMENT
To ensure the rapid adaptation of new talents
to our corporate culture and to equip them
with the skills they will need in their careers,
we conduct the “Your Future Starts Here”
competency development program. Young
employees who join Hepsiburada participate
in this development program, which lasts
approximately six months. Development
coaches guide them throughout the
program to help them adapt to the work
environment. In 2023, 106 employees
participated in the program.
COMPETENCY DEVELOPMENT
We design and regularly update
Competency Catalogue training to ensure
that all Hepsiburada competencies
are embraced and translated into
behavior by all employees. Each year,
employees are evaluated based on these
competencies, and they are included in
development programs related to areas
where they need improvement.
PROFESSIONAL DEVELOPMENT
To support employees’ professional
development, we prepare functional
training programs tailored to the changing
needs of departments every year. We also
provide foreign language training programs,
primarily for employees who actively need
English in their work.
Furthermore, we value learning from each other
and mutual growth by sharing knowledge
and experience within the organization. In this
regard, we conduct Internal Trainer Development
Programs to train internal trainers. In 2023, we
trained 11 new internal trainers, increasing the
number of internal trainers at Hepsiburada to 50.
CORPORATE DEVELOPMENT
All new employees are assigned a Digital
Orientation Program via the Hepsinstitute
Development Platform, and completion of
this training is expected. Additionally, there is
mandatory training for all employees under
the corporate development category, which
is tracked accordingly. In 2023, the completion
rate of mandatory training for employees was
69%.
2023 SUSTAINABILITY REPORT 52 |
| PERFORMANCE MANAGEMENT
SYSTEM
While supporting employees’ career journeys, regularly measuring the
performance of our employees and rewarding positive performance
plays an important role in ensuring performance development in line
with our future vision and goals. In this regard, we utilize our performance
management and goal tracking system named HepsiUp, which we update
according to the company strategy and employee needs.
Our performance management system consists of goal setting throughout
the year, Q Check tracking meetings between managers and employees,
employees entering their goal results into the system, the evaluation
process by managers, calibration, and feedback sessions where
performance results are shared. We expect each employee to set between
four to six goals parallel to their managers’ goals. Leaders with team
management responsibilities also have “Team Development” goals in
addition to their business goals. After setting goals and obtaining manager
approvals, employees and managers jointly manage the process through
goal tracking meetings. At the end of the year, employees evaluate their
results against the goals by entering them into the system, which are
then reviewed by managers. During the calibration process, all employee
results are evaluated, and performance calibrations are made through
meetings involving senior management. Performance evaluations and
promotion requests for career development are reviewed and submitted
for management approval during calibration meetings. Upon management
approval, performance ratings and promotions become final, and
2023
2022
2021
Employees who are subject to Performance Management
System
83%
82%
53%
approved information is shared with employees during feedback sessions.
Based on the assessment result in the goal management system, areas
for improvement are quickly identified, and actions are taken to make
employee performance more efficient.
In 2023, 83% of employees underwent regular performance evaluations
through the performance management system. In the coming period, we
aim to increase the number of employees subject to the performance
management system every year, aiming for all employees to undergo
regular performance evaluations.
YOUNG TALENT PROGRAMS
We believe that having a dynamic, young, and innovative human resources
profile will provide us with a competitive advantage in the rapidly growing
e-commerce sector and will also enable us to achieve our goals in line
with the sustainability vision we have developed. Therefore, we conduct
university collaborations to bring new and young talents into Hepsiburada.
We participate in various events such as career fairs, data science classes
2023 SUSTAINABILITY REPORT 53 |
| and seminars, MBA courses, and coffee chats to meet with students. We
implement internship programs where university students can get to know
Hepsiburada closely, discover their own talents, and gain professional
experience.
YOUR FUTURE STARTS HERE PROGRAM
Since 2021, we have been implementing the internship program named
“Your Future Starts Here,” which offers internship, professional development,
and career opportunities to university students. After a detailed and
thorough selection process based on applications received from various
channels, we select interns to include in the program. Within the program,
we provide young individuals with personal development and professional
development training, help them enhance their skills, and introduce them to
the Hepsiburada corporate culture. Candidates who successfully complete
these activities are then offered full-time positions at Hepsiburada. By
repeating the “Your Future Starts Here” program every year, our aim is to
discover talented university students before they graduate, bring them into
the Hepsiburada family, and provide them with development opportunities
at the beginning of their career journeys. In 2023, we provided 2,496 hours
of training to 106 young individuals as part of this program.
UNIVERSITY AND HIGH SCHOOL COLLABORATIONS
We prioritize strengthening our connection with students by actively
participating in high school and university events. We share our
experiences by attending data science classes at leading universities in
the country, such as Galatasaray University, Koç University, and Sabancı
University.
During university and high school events where we meet with students, we
organize case studies to allow students to practice problem analysis and
solution development through teamwork. Additionally, we engage in case
analysis competitions in high schools, where we include our case studies
and participate as judges. Similar to universities, we participate in events
at high schools to support students in their career journeys and strive to
guide students who want to start their careers in the field of technology.
2023 SUSTAINABILITY REPORT 54 |
| Employee Engagement and Well-being
To create a work environment where employees feel happy, safe, and
engaged, we conduct initiatives to increase employee interaction and
implement practices tailored to meet the needs and expectations of
employees to improve their well-being.
Each year, we measure employee engagement and satisfaction through a
third-party institution. As part of the “Employee Engagement Pulse Survey,” our
overall engagement and satisfaction score was 34% in 2023.
The mental and physical well-being of employees forms the foundation of
employee welfare. Through the Hepsisen application, we provide employees
with access to personalized expert psychologists, dietitians, and fitness
trainers free of charge. Additionally, through the application, employees
enhance intra-team and inter-team social dynamics through competitions
and challenges. The application currently has more than 1,350 active users.
Thanks to our corporate agreements, our employees can obtain discounts
from various institutions such as restaurants, health centers, and educational
institutions through the HepsiClub application. We annually expand the scope
of HepsiClub and increase the number of affiliated institutions, taking into
account the requests of employees.
To promote team motivation while ensuring work-life balance for our
employees, we have introduced the Hepsifun application, which includes
activity, sports, and hobby clubs. With this application, we aim to provide
employees with opportunities for social activities outside of working hours and
to foster a sense of teamwork by bringing together employees from different
units and increasing social interaction. In 2023, through the application, we
organized a total of 66 events such as film screenings, ceramic workshops, tours to
Cappadocia, concerts, tango lessons, etc., bringing together a total of 2,000 of
our employees.
BENCE
We believe that innovation and entrepreneurship are integral parts of our
continuous improvement model, and we are working to promote this approach
within our corporate culture. In this regard, we have launched an internal
suggestion and innovation platform called “Bence,” where employees can share
their innovative ideas, suggestions, and areas where they see opportunities for
development. Through this platform, our employees communicate their ideas
openly. All submitted suggestions and ideas are carefully reviewed and evaluated
by relevant departments within the organization. Employees who share valued
and implemented ideas and suggestions are rewarded, and we continue to
improve our business processes based on these ideas and suggestions.
In 2023, a total of 12 ideas collected through the Bence platform were
2023 SUSTAINABILITY REPORT implemented. 55 |
| Employee Health and Safety
We consider providing a healthy and safe work environment to be our
responsibility. In this context, we are working to integrate occupational
health and safety (OHS) into our corporate culture, both in our offices and
in our transfer and warehouse centers.
*Accident Frequency Rate = (Number of Accidents / Total Working Hours) * 200,000
** Lost Day Rate = (Number of Lost Days Due to Accidents / Total Working Hours) * 200,000
• Complying with all legal requirements and the conditions of the
organizations we are members of regarding occupational health
and safety,
• Raising awareness among employees, customers, and suppliers
about environmental and OHS issues,
• Taking all necessary precautions to protect employees from all
types of occupational accidents and diseases,
• Striving to provide a safe working environment for all our
employees, aiming for zero accidents,
• Identifying and taking preventive measures against hazards to
the environment and human health,
• Regularly reviewing all our activities to ensure the effectiveness
and continuous improvement of OHS management systems.
In line with the OHS approach, we commit to:
We support the development of awareness in this area by providing regular
OHS training to employees and contractors. In addition to basic OHS
training such as first aid, working at heights, fire safety, search and rescue,
and evacuation, we aim to minimize OHS risks arising from operations
through technical training on the safe use of equipment used in transfer
and warehouse centers. In 2023, we conducted an average of 11 hours of
OHS training per employee.
OHS Performance 2021 2022 2023
Total Number of Accidents 70 81 82
Accident Frequency Rate* 2.1 2.2 1.8
Number of Lost Days Due to Accidents 463 612 545
Lost Day Rate** 14.2 16.6 11.9
Number of Fatal Accidents 0 0 0
2023 SUSTAINABILITY REPORT 56 |
| Positive Social Impact............................................... 60
Women Entrepreneurship....................................... 64
57
Social Good
Starts Here! |
| As Türkiye’s Hepsiburada, we see
the development of projects and
programs that create social benefits
and collaboration with stakeholders
as part of our business. Within the
scope of our vision to create shared
value with stakeholders, we aim to
support social development and
contribute to the empowerment
of disadvantaged individuals. We
support science, culture, and the
arts, and implement social impact-oriented projects targeting various
groups such as women, children,
and stray animals. We prioritize
women’s entrepreneurship and
integrate it into our business model,
conducting various collaborations to
support women entrepreneurs and
cooperatives through e-commerce
and increase their participation in the
workforce.
2023 SUSTAINABILITY REPORT 58 |
| • Reaching 5 million disadvantaged
individuals in the field of social benefit by
2030
• Increasing the number of women
entrepreneurs supported by financial
assistance at Hepsiburada to 120,000 by
2030
• Achieving a total sales volume of 10
billion TL by 2025 through the Trade and
Technology Program for the earthquake
region, contributing to the employment
With the “Trade and Technology Power for the Earthquake Region”
program launched to contribute to the establishment of permanent
welfare in the region after the earthquake disaster, we mobilize
our technology, logistics, and marketing capabilities for two years
for 10,000 SMEs and artisans in the region, as well as 5,000 women
entrepreneurs and women cooperatives. With the establishment of
“E-commerce Specialization Centers” in Adana and Hatay, we also meet
the office, inventory, logistics, marketing, and customer service needs of
businesses.
• 10,000 SMEs and artisans in the region will be supported for two years with
Hepsiburada’s technology, trade, logistics, and marketing capabilities.
• Special support will be provided for 5,000 women entrepreneurs and women
cooperatives.
• We will establish ‘E-commerce Specialization Centers’ in three cities in the region.
• The program will contribute to the employment of 120,000 people and the livelihood
of 500,000 people.
• A total sales volume of 10 billion TL will be created from the region to all of Türkiye
and the world within two years.
• The program also includes education and social support for children, youth, and
families.
OUR SOCIAL BENEFIT GOALS TRADE AND TECHNOLOGY SUPPORT FOR THE EARTHQUAKE
REGION
2023 SUSTAINABILITY REPORT 59 |
| Positive Social Impact
We conduct activities focused on creating social benefits and impact,
with a vision of contributing to our stakeholders and growing together. We
integrate corporate social responsibility efforts, addressing economic,
environmental, and social dimensions, into our business processes,
positioning them among our main objectives.
SOCIAL BENEFIT ACTIVITIES IN HEPSIBURADA
We adopt a social benefit approach that covers our own operations,
employees and customers, and spreads throughout the Hepsiburada
ecosystem. While employee volunteering activities continue under the
umbrella of the “HepsiGönülden” project we developed, we also invite
customers and business partners to make use of “HepsiGönülden” to
support our collaborations with non-governmental organizations.
Since the day we were founded, we see corporate social responsibility
projects as a part of our way of doing business, and in this context, we
aim to increase the support we provide to society by including all our
stakeholders in the process. In this context, we continued to cooperate with
different non-governmental organizations in 2023.
111 VOLUNTEERS
405 HOURS OF ACTIVE VOLUNTEERING
HEPSİGÖNÜLDEN
We implement various social responsibility projects for
young people under our program called "Promise for
Tomorrow", which we initiated with the aim of providing
new opportunities for young people, supporting their
personal and social development, enabling them to realize
their potential and increasing their active participation in
all areas of life. As the first phase of Promise for Tomorrow,
we brought together 100 young people studying in the 3rd
and 4th grades of universities affected by the earthquakes
that occurred on February 6, 2023 and afterwards,
with the training program we prepared in the field of
"E-Commerce, Entrepreneurship and Marketing". In the first
term of the Promise for Tomorrow Program, we focused
on young people increasing their knowledge and skills,
developing their business ideas, and building their careers
in these fields. The training helps the participants to learn
the basic principles of e-commerce and at the same time
gain the basic competencies necessary to embark on the
entrepreneurship journey. Young people who completed
the program with a 90% success rate gained the right to
do an internship with mentoring support at Hepsiburada.
PROMISE FOR TOMORROW
2023 SUSTAINABILITY REPORT 60 |
| As Turkiye's Hepsiburada, we believe that every child has the right to access quality
books, stationery and toys, regardless of their conditions, and we act with responsible
brand awareness to deliver this right to children. For this purpose, in 2022, we
implemented the "A Smile is Enough" project, inspired by the smiles of children.
With A Smile is Enough project, which we continue in partnership with AÇEV, Needs Map
and Hope for Tomorrow Association, we have been providing books, stationery and toys
support to children studying in village schools since 2022. So far, we have reached 40
thousand children who have difficulty accessing qualified products. We aim to reach a
total of 1 million children within the scope of the project.
After the earthquake disaster in our country on February 6, 2023, we expanded the
impact of the project by reaching children affected by the disaster. We organized
events for children both in the centers of Hatay, Gaziantep and Adıyaman provinces
and in remote villages. We organized activities such as painting and face painting, wind
rose making, zero waste and book reading and drama workshops under the supervision
of expert pedagogues in A Smile is Enough events in which Hepsiburada employees
participated voluntarily. Non-governmental organizations also supported the events
involving more than 4,000 children. While we organized an animal feeding event with
the Melekler Life Village Association, we held workshops to increase environmental
awareness with the Clean Waste Association. By gifting toys and books to all the
children we reached at the end of the activities, we worked together to help heal the
region.
In line with the vision of gender equality and women’s
empowerment, we continued the training series
that we started in 2022 and carry out every year on
October 11, International Girl Child Day, by organizing
Technology, Self-Confidence and Leadership
Development trainings for girls between the ages of
13-17 affected by the disaster in 2023. With the training
series we organize every year, we aim to contribute to
the development of girls in the field of technology and
their potential.
A SMILE IS ENOUGH SELF-CONFIDENCE WORKSHOPS
AND CODING TRAINING
2023 SUSTAINABILITY REPORT 61 |
| We believe that it is our common responsibility to support
the animals with whom we share the planet, and we
continue our work with this awareness. As Türkiye’s
Hepsiburada, we have implemented many different support
projects through various non-governmental organizations.
In 2023, we provided food, medical supplies, kennels and
logistics support to association centers for animals in need
of vital support. We expand the support we provide by
forwarding the donations of our customers who use our
platform to the areas in need.
We continued our awareness campaign called ‘Be Aware Before It’s Late’, which we started in cooperation
with the Breast Health Association (MEMEDER), in 2023. In October, which is known as ‘Breast Cancer Awareness
Month’ globally, we offered all our users a special web page prepared with the information provided by
MEMEDER experts, aiming to be a detailed guide for the early diagnosis of breast cancer. We drew attention
to the importance of early diagnosis by informing both our customers and all our employees through different
channels, with the message “Would you spare 5 minutes for your health?” In order to raise awareness of breast
cancer within our company, we organized training entitled “Early diagnosis saves lives” for female employees in
cooperation with MEMEDER and also raised awareness with information boards in the offices.
SUPPORT FOR OUR LOYAL FRIENDS
BREAST CANCER AWARENESS ACTIVITIES
2023 SUSTAINABILITY REPORT 62 |
| Since the earthquake, we have worked with all our stakeholders
and employees, in cooperation with public institutions and non-governmental organizations, to heal the wounds of the earthquake
disaster and to quickly deliver the aid materials to those in need. On
our platform, we enabled our customers to donate by offering digital
support cards in cooperation with AFAD, Kızılay, Ahbap, AKUT, Haytap,
HAÇİKO, Kurtaran Ev, UNICEF and TOG. We opened our “Palestine
Gaza Aid Digital Support Card” on our platform together with AFAD,
Red Crescent and UNICEF to alleviate the humanitarian crisis in Gaza
and to help the civilian population.
We volunteer through #HepsiYürekten, and turn our work into a huge good with the support of our brands.
In order to raise awareness of the project among Hepsiburada customers, we brought together all
associations and foundations selling in Hepsiburada. We work with 54 non-governmental organizations on
the HepsiGönülden platform, which we launched in April 2021.
DIGITAL SUPPORT CARDS
HEPSİYÜREKTEN
By including the non-governmental organizations involved in our projects within
HepsiYürekten, we support them with discounted commission rates, free shipping and
digital advertising support, and contribute to their development and growth.
2023 SUSTAINABILITY REPORT 63 |
| Women Enterpreneurship
As a technology company founded by
women in Türkiye, where the participation
rate of women in the workforce is much lower
than that of men, we believe that we have a
responsibility in this field. As one of the leading
companies operating in the e-commerce
sector, we implement projects and programs
that will facilitate women’s participation in the
workforce and try to pave the way for qualified
employment through collaborations.
We aim to reach 120,000 women
entrepreneurs by 2030 with our work.
After the February 6 earthquakes,
we increased the trade volume of
women’s cooperatives to 174 million
TL with 3,172 women entrepreneurs
under the ‘Hepsiburada Promise’.
With the Power of Technology for Women Entrepreneurs program, we encourage women
entrepreneurs in Türkiye to participate in business life, and we enable women to participate in the
digital economy with the training we provide and the opportunities we offer on the Hepsiburada
platform. We offer platform support to women who want to start and grow their own business
in the e-commerce sector. We supported more than 50,000 women entrepreneurs within the
scope of the program until the end of 2023. To date, a total of 51 million women entrepreneurs
have offered their products for sale on the Hepsiburada platform. 6,500 of these products were
labelled as unique design while 5,200 were labelled as hand-crafted products.
Women’s
Entrepreneurship
Women’s
Cooperatives
THE POWER OF TECHNOLOGY FOR WOMEN ENTREPRENEURS
2023 SUSTAINABILITY REPORT 64 |
| We are developing collaborations
with banks to realize projects
that will also support women
entrepreneurs financially. Within
the scope of the “Women
Entrepreneurs Overcome Financial
Obstacles” project, we help
entrepreneurial women access
credit and banking products
and services to meet their cash
needs. Within the scope of the
project, a total of 92 million TL in
lending was issued as a result
of 357 applications approved in
2023. Along with financial support,
we offer TEB Family Academy’s
financial literacy training, which
consists of 5 modules, free of
charge to female entrepreneurs
who use our platform.
We support women’s cooperatives as ways to
boost rural development and increase women’s
participation in the economy, and we offer
their products via e-commerce to reach more
customers in all provinces. As of the end of 2023,
more than 230 women’s cooperatives are selling
on Hepsiburada and we work to increase this
number day by day. We also support women’s
cooperatives with the following advantages:
• 1% + VAT commission rate
• Free photography of up to 500 products
• Free display in campaign areas
• Indefinite and free shipping
• 2 advertising banners worth 30,000 TL
• Hepsiburada Entrepreneur Women
Technology Power e-commerce training
WOMEN
ENTREPRENEURS
OVERCOME FINANCIAL
OBSTACLES
WE SUPPORT WOMEN’S COOPERATIVES
• 1 year free integration
• 500 TL gift certificate for sponsored product
advertisements
• 40% discount on digital accountant support
• Advantageous women’s banking products
and services
We are also implementing the “Empowerment of
Women through Cooperatives” project, with the
coordination of the Ministry of Family and Social
Services, General Directorate on the Status of
Women, and with the financing of the European
Union Pre-Accession Financial Assistance
Instrument. Within the scope of the project, we
provided e-commerce training to more than 140
women’s cooperatives in 10 provinces, including
Ankara, Izmir, Bursa, Adana, Hatay, Mardin,
Antalya, Diyarbakır, Erzurum and Istanbul, in 2023.
2023 SUSTAINABILITY REPORT 65 |
| Enabling local products to reach a wide consumer base in digital platforms contributes
to increasing income and employment, promoting commercial activities, and assisting
in the formation of more sustainable local economies. Additionally, it has social impact
by reducing negative environmental effects associated with the transportation
of imported goods through substituting them with local products, enhancing the
resilience of ecosystems, increasing the country’s self-sufficiency, preserving traditional
cultures, and empowering communities. In line with this, we are working to support
local development through e-commerce, continuing to implement new projects that
will accelerate the growth of businesses and the national economy. In collaboration
with the Union of Chambers and Commodity Exchanges of Türkiye in 2021, we launched
the HepsiTürkiye’den program to support local small and medium-sized enterprises
(SMEs), women entrepreneurs, and cooperatives by helping them transition their
products to e-commerce, thereby increasing their participation in economic activities
and strengthening them through the e-commerce channel.
As part of the HepsiTürkiye’den initiative, we showcase geographical indication-registered products on our platform to highlight their quality, tradition, and uniqueness;
we provide strong marketing and branding support to producers, including commission,
promotion, training, shipping, and call center services. We offer e-commerce
opportunities through our platform to makers of local products who have not
previously been present on e-commerce platforms, thereby providing nationwide
access. By supporting awareness of traditional, cultural, or artistic professions and arts
that are at risk of disappearing, we contribute to the preservation of our traditional,
HEPSİTÜRKİYE’DEN
cultural, and artistic values, revitalizing the local economy and thereby contributing to
the national economy.
We aim to include at least one local producer from every district of Türkiye in the
HepsiTürkiye’den program and aim to contribute to local development. Currently,
nearly 270 regional sellers and around 5,000 regional products are available for sale
through HepsiTürkiye’den program. Approximately 300 of the products
offered for sale carry geographical indication certification.
To increase awareness of geographical indication-certified products,
explain the economic and social impact of such products sold on the
Hepsiburada marketplace, and facilitate their sale, we organized online geographical
indication information sessions in collaboration with the Turkish Patent and Trademark
Office Directorate General, with the participation of 350 producers.
2023 SUSTAINABILITY REPORT 66 |
| In collaboration with UN Women Türkiye and KAGİDER, we have
launched the “Gender-Sensitive Economic Recovery: Empowering
Women-Owned Businesses to Grow the Economy” program to
support women entrepreneurs and business owners affected by the
February 6 earthquakes. The program was designed to support women
entrepreneurs and women cooperatives in the earthquake-affected
region in 2023 and 2024.
GENDER-SENSITIVE ECONOMIC RECOVERY
Together with project partners, we have also initiated a procurement
program to support women-owned businesses in the region. Special
productions for the period leading up to March 8, 2024, will be made, and
commercial collaborations with businesses and institutions nationwide
will be established. Women producers and entrepreneurs in the region will
increase their commercial volumes with gift packages for International
Women’s Day on March 8, 2024. Women entrepreneurs and women
cooperatives participating in the event will be able to benefit from the
mentorship network provided by Hepsiburada and KAGIDER.
2023 SUSTAINABILITY REPORT 67 |
| Ethical Business Conduct........................................70
Risk Management..........................................................72
Customer Experience.................................................75
Supply Chain......................................................................77
Data Security and Privacy......................................78
Protection of Intellectual Property Rights..81
68
Ethical and
Transparent
Governance Begins
Here! |
| For over 20 years, we have been
operating in accordance with the
highest ethical standards of honesty,
transparency, and accountability in all
our business processes. We adhere to
our principles of integrity throughout
the entire value chain and within the
Hepsiburada ecosystem, working
together with our stakeholders to
create value.
2023 SUSTAINABILITY REPORT 69 |
| Ethical Business Practices
CORPORATE MANAGEMENT STRUCTURE
At Hepsiburada, we adopt an ethical, transparent, fair, and accountable
management approach in all our activities, ensuring full compliance with all
relevant laws and regulations. The Board of Directors, consisting of a total
of 9 members, including 2 women and 3 independents, operates with the
mission of overseeing the performance of the Chief Executive Officer (CEO)
and other senior executives to ensure the best interests of shareholders are
served.
The Board of Directors at Hepsiburada is responsible for: • Reviewing, approving, and evaluating the company’s financial and
business strategies, significant corporate actions, and internal controls
when appropriate.
• Regularly monitoring the effectiveness of management policies and
decisions, including the implementation of company strategies.
• Selecting and evaluating the CEO and other senior management
members.
• Assessing significant risks facing the company and reviewing options for
mitigation.
• Assuming responsibility for conducting the company’s affairs with the
highest ethical standards and in compliance with applicable laws and
regulations.
2023 SUSTAINABILITY REPORT 70 |
| The Audit Committee assists the Board of Directors in matters related to (i) the
integrity of financial statements, (ii) the qualifications and independence of
external auditors, (iii) oversight of the performance of the external audit firm
and internal audit function, and (iv) compliance with legal and regulatory
requirements, as well as environmental and social responsibilities.
The Risk Committee is responsible for the early identification of risks that
threaten the existence, development, and continuity of the company. It
reviews Hepsiburada’s risk management policies at least once a year.
The Corporate Management Committee periodically reviews whether
corporate governance principles are being implemented by the Board
of Directors and makes recommendations to the Board on corporate
governance matters. Additionally, the Committee performs the functions
of the Compensation Committee by providing recommendations to the
Board on compensation policies for the Board and executives.
AUDIT COMMITTEE
RISK COMMITTEE
CORPORATE MANAGEMENT COMMITTEE
In addition to fulfilling its primary mission, the Board of Directors conducts
its activities with a sense of responsibility towards the company’s business
partners, employees, and the communities where Hepsiburada operates.
For detailed information, our Corporate Governance Principles can be
reviewed.
Operating under the auspices of the Board of Directors are three
committees: the Audit Committee, the Risk Committee, and the Corporate
Governance Committee. All members of these committees work diligently to
fulfill the requirements of the Securities and Exchange Commission, Nasdaq,
the Turkish Commercial Code, and Turkish capital markets legislation. We
present all significant findings of each committee to the entire Board for
discussion and review, in accordance with the principles of ethics and
transparency.
The Executive Management, led by the CEO, consists of 7 executives,
including 2 women. The Executive Board is responsible for making and
implementing decisions related to the company’s daily management and
operations, defining and directing goals and policies, ensuring the efficient,
effective, and adequate use of all resources to manage our activities
effectively, and conducting necessary improvement and development
activities.
2023 SUSTAINABILITY REPORT 71 |
| Risk Management
At Hepsiburada, risk management encompasses the processes of tracking
and measuring financial, operational, compliance, and financial risks, and
is conducted by the Board of Directors and senior executives. Additionally,
the Risk Committee, consisting of two independent members and three
Board members, manages our efforts in this regard within the framework
of policies approved by the Board of Directors. The Senior Internal
Control and Risk Manager is responsible for creating a risk inventory,
evaluating risks, identifying actions, and reporting to the Risk Committee
in accordance with the Corporate Risk Management (CRM) procedure
approved by the Committee.
Efforts to identify and determine the financial, operational, and compliance
risks facing Hepsiburada, and the management of potential risks identified
in this manner, are coordinated between senior management and the
finance department. Specific training on legislation is provided to senior
executives and unit managers to minimize and manage risks specific
to the sectors in which we operate. This ensures that risk awareness is
established, and awareness is created at every level. Compliance with
tax, commercial law, and other regulatory authorities’ legislation, which
are significant aspects of financial, operational, and compliance risks, is
managed under the coordination of the CFO. Evaluation meetings with
the participation of audit and certified public accounting firms are held
at specified times to monitor risks continuously. Additionally, the Internal
Control and Compliance team evaluates risks in all business processes
affecting financials.
We continue our efforts to manage various financial risks, including those
related to changes in debt and capital market prices, foreign exchange
rates, and interest rates, in order to minimize potential adverse effects on
Hepsiburada’s financial performance. In addition to financial risks, we are
also working on identifying and evaluating sustainability risks, particularly
climate change-related risks.
ETHICS AND COMPLIANCE
Hepsiburada’s Ethical Principles guide our business in all aspects of the
Hepsiburada ecosystem. These principles apply to the entire Hepsiburada
ecosystem, including all employees and third parties acting on behalf of
Hepsiburada. We expect all Hepsiburada employees, regardless of their
position, to demonstrate attitudes and behaviors that ensure the cultural
integrity of the company.
Our Ethical Principles document covers various rules, including compliance
with legal requirements, regulations, internal and external standards,
respect and fairness towards others, conflict of interest, gift acceptance,
ensuring a safe and healthy environment, commitment to combating
bribery and corruption, promoting fair competition in the market,
2023 SUSTAINABILITY REPORT 72 |
| restrictions on political activities and contributions, and obligations
regarding the processing and reporting of information. You can access the
Ethical Principles document from here.
We expect all employees to embrace the Hepsiburada Code of Ethics
and act within the framework of these principles. Within the scope of
Hepsinstitute, mandatory ethics training sessions are available for new
hires regarding the Code of Ethics. In 2023, a total of 4,410 employee hours
were dedicated to Ethics training. Additionally, through the programs
used internally, we share informative content about Ethics with all internal
stakeholders and provide reminders.
Within Hepsiburada, we have an Ethics Board that takes necessary actions
in accordance with the Discipline Regulation and reports to the Corporate
Governance Committee, which is accountable to the Board of Directors, on
a quarterly basis. In addition to the Ethics Board, the Hepsiburada Ethics
and Compliance program guides us in managing our ethical processes.
Within the program, while implementing policies and procedures to ensure
full compliance, we publish them via internal online platforms and inform
our stakeholders about these policies. To increase awareness, we have
designated a mandatory training program as part of the orientation and
requires annual participation. This training program covers not only Ethics
and Compliance but also emphasizes the aspects of fair competition.
Besides written training documentation, our employees receive training
annually from a Competition Law consultant through interactive sessions
based on industry-specific issues.
In case any of our stakeholders encounter a situation that violates the
Hepsiburada Code of Ethics, they are required to report it first to their
immediate supervisor. If the situation involves the immediate supervisor or
if no feedback is provided within 7 business days, the process of reporting
the violation to the Ethics and Compliance Manager begins. Reports can
also be submitted through the Ethics Hotline, which operates in line with
our Consultation and Reporting Policy. We have designed our processes for
investigating and reporting violations based on regular customer meetings,
the hotline, and a centralized investigation and reporting flow. In 2023, we
resolved all 26 reports we received.
When any non-compliance with the Ethical Principles is encountered, the
Ethics and Compliance Manager is informed.
2023 SUSTAINABILITY REPORT 73 |
| When such a case arises, investigations are conducted by Internal Audit
under the coordination of the Ethics and Compliance Manager, and follow-up on the case is carried out by the Ethics Committee. All these activities
are carried out in accordance with the discipline regulations.
• We adopt transparency in our relationships with third parties
and expect full compliance with laws and regulations from our
business partners. When working with suppliers, contractors,
consultants, distributors, logistics companies, or other third
parties, we adhere to the following principles:
• We provide fair competition opportunities for third parties in our
business,
• We do not compromise on any illegal or inappropriate actions,
• Before establishing a relationship with a third party, we evaluate
whether there is any potential conflict of interest,
• We choose to collaborate with third parties that have strong
qualities in terms of quality and honesty,
• We ensure that all work done with third parties complies with
Hepsiburada policies.
ANTI-BRIBERY AND ANTI-CORRUPTION EFFORTS
At Hepsiburada, we operate with a zero-tolerance policy towards bribery
and corruption within our ecosystem. The Ethics Committee evaluates
complaints that arise during audit activities and reach the Hepsiburada
platform, thoroughly examining the encountered risks. In the event of a
violation of Ethical Principles, we implement necessary sanctions and
conduct corrective and preventive activities to ensure it does not recur. We
did not receive any ethical reports related to bribery and corruption in 2023.
Within the Hepsiburada ecosystem, we have policies for combating
Corruption and Bribery as well as Human Rights. We provide mandatory
training on the points specified in the documents to ensure awareness and
understanding of the policy. We mandate that all employees, managers,
business partners, and third parties in our value chain comply with the Anti-Corruption and Anti-Bribery and Human Rights Policy.
2023 SUSTAINABILITY REPORT 74 |
| Customer Experience
According to the “E-Commerce NPS (Net Promoter Score)” research
conducted by the independent research firm FutureBright, we continue to
be Türkiye’s “Most Recommended E-Commerce Brand” in 2022 and 2023,
maintaining our success as the customers’ choice. Additionally, feedback
from our customers serves as a guide to our success. We collect our
customers’ opinions through various channels and implement corrective
actions based on the feedback we receive to improve our processes
and operations. At the same time, we ensure better management of the
customer experience process through customer relations training provided
to our employees.
Customer Management Metrics 2021 2022 2023
Complaints Received (B2C) 142,636 140,000
Complaints Resolved (B2C) 119 159 158
Customer Relations Training Hours 5,436 4,878 2,743
Number of Employees Attending
Customer Relations Training
2,990 3,326 3,282
Customer Satisfaction Score 68% 74% 72%
Some actions we have taken as a result of feedback received from
customers in the last three years:
Recommendation
Area
Actions for Recommendations
Next-day
delivery
Increasing delivery speed
Return at your
door
Facilitating the return experience, especially
eliminating concerns about going to the cargo branch
during the pandemic
Hepsimat Creating alternative delivery points
HepsiJet XL Providing the delivery experience for large items
(furniture, appliances, etc.) with HepsiJET quality and
increasing delivery speed
Return Journey Improvements in demand tracking, return process
enhancements, shortening return times, and improving
communication during the return process
Filter Project Improving filters to enhance the product finding
experience and providing customers with more
information about products by increasing entries for
product features
Defective/
Wrong Product
Supply
Offering customers the option of receiving a new
product instead of a return in case of defective/wrong
shipment and making product exchanges if requested
2023 SUSTAINABILITY REPORT 75 |
| TÜRKIYE’S FIRST NEXT-GENERATION SMART
PHYSICAL STORE EXPERIENCE
We opened our new-generation smart pilot store with the ‘buy and go’
concept, based on artificial intelligence, at Istanbul Mecidiyeköy Trump
AVM. We implemented the Hepsiburada Smart by MIMEX smart store
concept with approximately 2.2 million euros in funding from the European
Commission under Horizon 2020. We developed the project in a two-year period as an international collaboration project involving four teams
from Italy and Spain, together with the Hepsiburada R&D team. In the
Hepsiburada Smart by MIMEX concept, all shopping transactions are
carried out using artificial intelligence, image processing, and digital weight
sensor technologies. Customers start their shopping by scanning the QR
code at the kiosk located at the entrance of the Hepsiburada Smart store.
without wasting time. Thus, the entire shopping process is completed in
seconds. As a result, customers can easily purchase their products and
complete their shopping within a few minutes without waiting in line at the
checkout, allowing them to exit the store quickly.
SAFELY AT YOUR DOOR
With our “Safely at Your Door” service, we deliver large items such as
heavy and risky appliances and TVs to the desired location through
HepsiJET teams, according to the customers’ request. For products larger
than 40 inches bearing the “Safely at Your Door” icon, we provide live
customer representative support regarding technical specifications and
current campaigns, as well as scheduled door-to-door pickup services for
quick delivery and return requests. With Safely at Your Door, delivered by
HepsiJET XL, we facilitate our customers’ lives by safely delivering products
to their homes.
NEXT DAY DELIVERY
With “Next Day Delivery,” we offer fast and convenient delivery service that
allows the products listed on our platform to be delivered the next day after
the order date to the location chosen by the customers.
RETURN PICK UP
With our “Return Pick up” service, when our customers want to return their
orders, without the need to take them to any cargo company, we increase
customer satisfaction by ensuring that the returns are picked up from their
doors by HepsiJET on the selected day through the Hepsiburada website.
Along with this service, we have prevented 610,000 days of time wasted
since 2021 when calculating the time our customers spend going to the
cargo branches.
With the help of next-generation artificial intelligence, image processing,
and weight sensor-equipped smart shelf technologies, the products
customers purchase are instantly added to the virtual basket in the
application, and the products they return to the shelf are immediately
removed from the basket. Customers who complete their shopping can
leave the store without making any physical payment transactions and
2023 SUSTAINABILITY REPORT 76 |
| Supply Chain
At every step of creating value, we prioritize fundamental human rights and
share the responsibilities of this obligation with more than 5,000 suppliers,
who are the most important links in our value chain. In this context, we
consider it our responsibility to ensure that all companies, suppliers,
contractors, and business partners within the Hepsiburada ecosystem
comply with the working principles outlined in the “Hepsiburada Third-Party Business Ethics and Compliance Declaration.”
Based on international standards, including the International Labour
Organization (ILO) and the United Nations (UN) conventions, as well as all
applicable laws and regulations, we have created this declaration, which
defines the Supplier Code of Conduct (occupational health and safety,
prevention of discrimination, working conditions, prevention of child labor
and forced labor, right to collective bargaining, environment, prevention of
abuses) that our suppliers must adhere to in our business relationship.
We have a “Supplier Management Procedure” that evaluates current and
potential suppliers from the beginning of the working relationship until
the completion of the work. With this procedure, we manage all business
processes, from potential supplier evaluation processes to contract
processes, risk assessment, and security measures, to existing supplier
analyses, based on the third-party business ethics and compliance
declaration.
With the awareness of the positive impact of working with local suppliers
on regional sustainable development, we prioritize working with local
suppliers.
2021 2022 2023
Number of Local Suppliers 1,915 2,320 5,275
Total Number of Suppliers 2,026 2,439 6,003
2023
Number of Suppliers Trained 188
Total Training Hours Provided to Suppliers 147
We are aware of our responsibility for the training and development of
suppliers. To help them better understand our operational processes and
collaborate effectively, we provide technical training such as SLMP (Supplier
Lifecycle Management Portal) Panel Training, SLMP Shipping Training,
Shipment Pilot Studies, Demand Management, and other relevant areas to
strengthen them in the areas they need.
2023
2022
2021
RATIO OF LOCAL SUPPLIERS TO ALL SUPPLIERS
87,9%
95,1%
94,5%
2023 SUSTAINABILITY REPORT 77 |
| Data Security and Privacy
As companies digitize and business models shift towards complex, data-driven products and services, issues related to data security and privacy
become significant drivers of business risk.
Ensuring data security and privacy is among the fundamental priorities
for us as a technology-focused e-commerce company. We continue our
efforts to protect, manage, and enhance data security, including personal
data of customers, hardware and software components constituting our
information systems, and other elements contributing to data security. We
believe that protecting data and ensuring data privacy are fundamental
to a sustainable digital economy and a trustworthy service ecosystem.
We aim to make our customers feel safe while using our services and
strengthen our commitment to privacy.
Millions of transactions take place on the Hepsiburada platform every
day. We value the trust of our sellers and buyers by safeguarding all
personal information, prioritizing compliance with privacy principles. We
commit to maintaining a privacy and information protection policy that is
compliant with international best practices and standards, including the
ISO 27001 Information Security Management System Standard, with global
applicability.
In order to ensure the confidentiality, integrity, and accessibility of
information, we outline our commitments to data security as follows:
• By determining information security objectives and activities, we plan,
implement, monitor, and continuously improve our actions within the
framework of ISO 27001.
• We define how the conducted activities meet legal, contractual,
standard, and business requirements.
• We describe how we meet the requirements of the Personal Data
Protection Law (KVKK).
• We integrate Information Security Management System activities with
other management systems established within our organization.
• We conduct inventory of information assets by identifying criteria for
privacy, integrity, and accessibility.
• We identify, evaluate, and activate appropriate risk processing options
for managing existing and potential risks related to information security.
• We develop and implement business continuity plans and ensure their
continuous improvement.
2023 SUSTAINABILITY REPORT 78 |
| • We keep track of current technologies and innovations in information
security, and develop solutions accordingly.
• We take necessary measures to ensure compliance with identified
information security issues by all stakeholders.
• We ensure the dissemination, accessibility, awareness, and
implementation of our Information Security policy.
• In the event of policy violation, we initiate and follow up on relevant
processes.
At the same time, we monitor complaints and cases from third parties
and regulatory authorities, offer rapid solutions to relevant cases, and
carry out continuous improvement efforts for our data protection
system. In line with the comprehensiveness of the Information Security
Management System, we base all our institutional activities on the
policies and procedures in the table, and we work to ensure that our
internal and external stakeholders adopt our policies and procedures.
Policies regarding information security cover not only Hepsiburada
operations but also suppliers.
Data Security Metrics 2021 2022 2023
Complaints/incidents from third parties 375 276 227
Complaints/cases from regulatory bodies - 1 6
Information Security Policy
Storage and Disposal Policy
Third Parties Information
Security Policy
Human Resources
Information Security Policy
Corrective Action
Procedure
Internal Audit Procedure
Information Security
Incident Management
Procedure
Information Security
Training and Awareness
Management Procedure
Information Security Risk
Management Procedure
Physical and
Environmental Safety
Procedure
Supplier Management
Procedure
Data Protection Procedure
2023 SUSTAINABILITY REPORT 79 |
| We created the Information Security Risk Management Procedure
to manage the risks that Hepsiburada is exposed to. This procedure
covers risks, processes affected by these risks and internal and external
parties related to them, affected assets and their locations, probability
of the risk, impact on confidentiality, integrity and accessibility, value of
assets, probability of threats that may create business impact, ease of
exploitation of identified threats by vulnerabilities and any measures that
can reduce risks. The procedure lays out detailed processes, including
identification in relation to existing or planned steps. We discuss our
information security risks in the subcategories of Confidentiality, Integrity
and Accessibility in terms of their impact. According to the risk value in the
resulting evaluation matrix, we manage our risks with risk reduction, risk
transfer, risk acceptance and risk avoidance classifications.
In this context, we discuss our risks in terms of information security in detail
and define our comprehensive risk inventory and our short-, medium- and
long-term actions that will minimize risks or turn risks into opportunities.
CONNECTOR AND TRANSFER INFRASTRUCTURE
PROJECT FOR DATA SECURITY AND DATA
INTEGRITY IN CLOUD TECHNOLOGIES
With our millions of visitors, we generate significant amounts of data every
day. In recent years, we have achieved significant savings by moving data
that is not within the scope of KVKK to the cloud system. In the second
phase of this project, we are making improvements in efficiency, security
and data quality by developing a connector between Hepsiburada
systems and cloud infrastructure. In addition, we are looking for greater
efficiency in all process that take place over the cloud and expend carbon.
CREATION OF PERSONAL DATA PROCESSING
INVENTORY
Within the scope of compliance with KVKK, we create an inventory by
identifying personal data processed with the permission of the owners.
The personal data inventory created is forwarded to the Legal Unit to
take the relevant administrative measures within the scope of KVKK and
is then evaluated by the Information Security Unit to take the relevant
technical measures within the scope of KVKK. With this project, we ensure
Hepsiburada’s personal data security, and on the other hand, we evaluate
and improve the current situation within the scope of compliance with
KVKK.
2023 SUSTAINABILITY REPORT 80 |
| Protection of Intellectual Property Rights
We believe that protecting intellectual property rights is one of the
fundamental elements of operating a healthy and sustainable e-commerce
system. Aware of the importance of trust for the sustainability of the
Hepsiburada ecosystem, we define the trust of our consumers and sellers
in our platform as one of our most important working objectives. In order
to protect the rights of rights holders, brands and consumers, we carry out
many coordinated efforts to ensure the sale of branded, authorized products
and to deter the sale of illegal or unauthorized products.
With our agile and solution-oriented approach, we aim to detect problems
before complaints about property violations arise. We are aware that
intellectual property rights that need to be protected are a priority
issue closely related to governance for a digital service ecosystem. We
manage this risk with the various measures we take and correctly designed
information security policies, and we always work one step further to
maintain trust in the developing and changing digital world. We are aware
of the advantages that collaborations with intellectual property owners will
create in terms of both minimizing risks and turning them into opportunities.
For this reason, we consider it inevitable to add cooperation with our
stakeholders in the field of intellectual property to our short, medium and
long-term goals.
2023 SUSTAINABILITY REPORT 81 |
| Social Performance Indicators .......................... 83
Corporate Memberships and
Collaborations..................................................................87
Featured Awards ............................................................88
GRI Content Index........................................................ 90
82
Annexes |
| Environmental Performance Indicators
Energy Consumption (MWh) 2021 2022 2023
Buildings-Fuel 3,004.5 3,764.4 3,081.6
Natural gas 3,004.5 3,700.1 3,066.8
Generator - 64.4 14.8
Vehicles-Fuel 30,171.1 54,338.0 63,735.0
Company Vehicles 6,383.9 9,712.1 7,364.9
Vehicle Fleet 24,331.2 44,625.8 6,370.1
Electricity consumption 5,583.5 29,996.3 31,522.7
Total Energy Consumption 38,759.1 88,098.7 98,339.3
Greenhouse Gas Emission
(tonCO2e) 2021 2022 2023
Scope 1 19,207.1 31,630.9 39,719.7
Buildings 550.3 690.9 621.2
Company Vehicles 1,651.3 2,350.5 1,797.9
Vehicle Fleet 17,005.5 28,589.5 37,300.6
Scope 2 2,437.5 14,097.8 13,870
Scope 3 56.9 550.7 664.5
Hepsiburada’s Total Footprint 21,701.5 46,279.4 54,254.3
Water Consumption (m3) 2021 2022 2023
Warehouses 19,870.4 17,423.4 23,844.4
HQ 231.9 312.5 301.7
HepsiJET Branches and Transfer
Centers 688,969 713,537 784,890
Total 709,071 731,273 809,036
Packaging Materials (kg) 2021 2022 2023
Paper Packaging 1,610,514.6 1,801,065.1 1,186,931.7
Plastic Packaging 623,994.2 701,384.8 837,349.4
Total 2,234,508.7 2,502,449.8 2,024,281.1
Waste Sent for Recycling (kg) 2021 2022 2023
Packaging Waste - 934,762 964,965
Chemical Waste - 78,455 62,363
Food Waste - 21,520 21,569
Other Waste - 1,209.00 6,524
Total - 1,035.946 1,055.421
2023 SUSTAINABILITY REPORT 83 |
| Social Performance Indicators
Employees by Gender
2021 2022 2023
Female Male Female Male Female Male
Number of employees 1,673 1,950 1,741 2,065 1,385 1,752
Total number of employees 3,623 3,806 3,137
Employees by Category
2021 2022 2023
Female Male Female Male Female Male
Blue Collar 78 332 79 293 45 274
White Collar 1,595 1,618 1,662 1,772 1,340 1,478
Employees by Age
2021 2022 2023
Female Male Female Male Female Male
under 30 1,172 947 1,092 914 715 626
30-50 years old 498 989 643 1,122 667 1,098
50 years and above 3 14 6 29 3 28
Employees by Working
Experience
2021 2022 2023
Female Male Female Male Female Male
Employees between 0-5
years
1,579 1,817 1,616 1,908 1,239 1,560
Employees by Working
Experience
2021 2022 2023
Female Male Female Male Female Male
Employees between 5-10
years
87 116 114 126 131 160
Employees with 10 years
or more
7 17 11 31 15 32
Hepsiburada Ecosystem
Number of Employees
2021 2022 2023
Female Male Female Male Female Male
Hepsiburada.com 1,298 1,122 1,349 1,237 1,004 921
Hepsiburada market 71 158 35 51 25 32
Hepsipay 25 42 63 71 81 89
HepsiJET 253 590 237 630 205 627
HepsiAd 2 4 5 12 5 14
Hepsilojistik 0 0 0 1 5 11
Hepsiglobal 21 28 41 44 45 42
Hepsiseyahat 3 4 3 4 4 5
2023 SUSTAINABILITY REPORT 84 |
| Subcontractors by
Gender
2021 2022 2023
Female Male Female Male Female Male
Subcontractors 269 792 411 1,021 483 1,474
Total 1,061 1,432 1,957
Managers by Gender
2021 2022 2023
Female Male Female Male Female Male
Board of Directors 2 7 2 7 2 7
Total 9 9 9
Senior management 2 8 1 9 2 7
Total 10 10 9
Directors 10 36 14 46 19 53
Total 46 60 72
Managers 63 98 77 122 130 202
Total 161 199 332
Managers by Age and
Gender (Managers and
Higher level)
2021 2022 2023
Female Male Female Male Female Male
under 30 2 1 4 2 1 1
30-50 years old 97 187 129 236 150 252
50 years and above 0 5 1 11 0 9
Total 292 383 413
Newly Hired Employees
2021 2022 2023
Female Male Female Male Female Male
under 30 883 691 530 506 167 245
30-50 years old 272 491 255 417 97 195
50 years and above - 6 2 11 0 4
Terminated Employees
2021 2022 2023
Female Male Female Male Female Male
under 30 319 313 516 400 437 429
30-50 years old 136 310 211 394 162 326
50 years and above - 5 2 6 3 6
Total 1,083 1,529 1,363
Employees who leave
voluntarily 356 478 509 586 414 505
Employee Turnover Rate
2021 2022 2023
Female Male Female Male Female Male
Employee turnover rate by
gender
27% 32% 42% 39% 43% 43%
Employee turnover rate 30% 40% 43%
Voluntary employee
turnover rate by gender
21% 25% 29% 28% 30% 29%
Voluntary employee
turnover rate
23% 29% 29%
2023 SUSTAINABILITY REPORT 85 |
| Other Equal
Opportunities and
Diversity Indicators
2021 2022 2023
Female Male Female Male Female Male
Total number of
employees working as
managers in revenue-generating functions
65 167 91 213 102 219
Total number of
employees involved in
revenue-generating
functions
838 1,658 1,026 1,788 857 1,553
Total number of
employees in STEM and
related positions
182 463 218 500 370 654
Performance management 2021 2022 2023
Number of employees who
undergo a regular performance
evaluation
1.935 3.123 2.609
Percentage of employees who
undergo a regular performance
evaluation
53% 82% 83%
Maternity Leave
2021 2022 2023
Female Male Female Male Female Male
Number of employees
benefiting from maternity
or paternity leave
24 0 110 72 63 48
Employee Development 2021 2022 2023
Total training (employee*hours) 134,793 144,340 88,235
Average training hours per
employee 37 38 28
Volunteering Activities 2021 2022 2023
Total hours spent by employees
on volunteering activities 0 438 405
Number of employees
participating in volunteering
activities
83 268 111
OHS Performance 2021 2022 2023
Total Number of Accidents 70 81 82
Accident Frequency Rate* 2.1 2.2 1.8
Number of Lost Days Due to
Accident
463 612 545
Lost Day Rate** 14.2 16.6 11.9
Number of Fatal Accidents 0 0 0
*Accident Frequency Rate = (Number of Accidents / Total Working Hours) * 200,000
**Lost Day Rate = (Number of Lost Days Due to Accident / Total Working Hours) * 200,000
2023 SUSTAINABILITY REPORT 86 |
| Corporate Memberships and Collaborations
• Electronic Commerce Operators Association (ETİD)
• Baby Equipment Manufacturers, Importers and Retailers
Association
• United Brands Association
• Information Technology Industrialists Association
• Investor Relations Association
• Turkish Corporate Governance Association
• Foreign Economic Relations Board
• International Investors Association
• Turkish Industrialists and Businessmen Association
• Union of Chambers and Commodity Exchanges of Türkiye
• WTech Platform by Women in Technology Association
• Corporate Communicators Association
• Customer Experience and Technology Association
• Chain Stores Association
• Advertisers Association
• Interactive Advertising Association
2023 SUSTAINABILITY REPORT 87 |
| Featured Awards
1. “Reputable Business Partner of the Year” award in the Brand
Responsible for Women’s Rights category Marketing Türkiye - B2B
Exellence Awards
Marketing Türkiye - B2B Excellence Awards
2. Awarded in the “Best Use of Technology in Innovative Mediums”
category for the “HEPSİBURADA SMART BY MIMEX” project MarTech
Awards
MarTech Awards
3. Awarded in the “Best Marketing Automation Technology” category for
the “Hepsiburada Marketing Automation” project, MarTech Awards
Marketing Türkiye - B2B Exellence Awards
4. The Brand that Provides the Best Customer Experience Award,
According to the Customer Experience Index, Mısırvar ACE
Complaintvar ACE
5. Award for “Strong Women in the Digital Age” in the category of
“Supporting Women Entrepreneurs and Women’s Power” Women-Friendly Brands 2023 Awareness Awards
Women-Friendly Brands 2023 Awareness Awards
6. Award for “Technology Power for Entrepreneurial Women” in the
“Women’s Employment and Equal Opportunities at Work” category,
Women-Friendly Brands 2023 Awareness Awards
Women-Friendly Brands 2023 Awareness Awards
7. First prize in the Social Impact - People Focused category Sustainable
Business Awards
Sustainable Business Awards
8. We were chosen as one of the most innovative companies with
Hepsiburada Smart by MIMEX Fast Company Türkiye
Fast Company Türkiye
9. We were chosen as one of the best internet companies Fast Company
Türkiye
Fast Company Türkiye
10. Best Online Platform for Business Partnership
Advantage Group E-Commerce - Voice of the Supplier Research
11. Advantage Group E-Commerce - Voice of the Supplier Research
Marketing Türkiye ECHO Awards
2023 SUSTAINABILITY REPORT 88 |
| 12. First place in the “Product Range” and “Post-Delivery Services”
categories Marketing Türkiye ECHO Awards
Brandverse Awards
13. Bronze award in the e-commerce section of the “Movie” category for
the movie “Legendary November” Brandverse Awards
SocialBrands Data Analytics Awards
14. Silver award in the “Online Shopping” category” SocialBrands Data
Analytics Awards
Logistics Achievement Awards of the Year
15. “Logistics Solutions Company of the Year” award with HepsiJET XL
service. Logistics Achievement Awards of the Year
Marketing Türkiye
16. List of “Brands Carrying Republic Values” Marketing Türkiye
The Hammers Marketing
17. Best Team in Social Solidarity, Best Team in Gender Equality The
Hammers Pazarlamasyon
IDC Future Enterprise Awards
18. First place in the “Best in Future of Customer Experience” category
with “Future Filter Project for Customer Experience” IDC Future
Enterprise Awards
Marketing Türkiye ALFA Awards
19. “Customer Brand” of the year in the Sustainability in Customer
Experience category Marketing Türkiye ALFA Awards
MMA Smarties Türkiye Awards
20.2 bronze awards in the Instant Impact/Promotion, Social/Influencer
Commerce categories, and a silver award in the Integrated
E-commerce Innovation category MMA Smarties Türkiye Awards
16th Türkiye Contact Center Awards
21. “Most Commendable Company” award to Hepsiburada, Best Contact
Center Award with Less than 100 Employees to HepsiJET 16th Türkiye
Contact Center Awards
PSM Awards
2023 SUSTAINABILITY REPORT 89 |
| GRI Content Index
GRI content index
Statement of use Hepsiburada has reported the information cited in this GRI content index
for the period 01.01.2023-31.12.2023 with reference to the GRI Standards.
GRI 1 used GRI 1: Foundation 2021
GRI STANDARD DISCLOSURE LOCATION REASON FOR OMISSION
General Disclosures
GRI 2: General Disclosures 2021 2-1 Organizational details 7-11
2-2 Entities included in the organization’s
sustainability reporting
7
2-3 Reporting period, frequency and contact
point
7, 91
2-4 Restatements of information No re-statements were made in this scope during
the reporting period.
2-5 External assurance The company has not received external assurance
within the scope of this report.
2-6 Activities, value chain and other business
relationships
8-16, 28, 77
2-7 Employees 48-50, 84-86
2-8 Workers who are not employees 84
2-9 Governance structure and composition 70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-10 Nomination and selection of the highest
governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-11 Chair of the highest governance body https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
2-12 Role of the highest governance body in
overseeing the management of impacts
70-71 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-13 Delegation of responsibility for managing
impacts
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-14 Role of the highest governance body in
sustainability reporting
26
2-15 Conflicts of interest 70-74 https://investor.hepsiburada.com/uploads/
CodeofConduct.pdf
2-16 Communication of critical concerns 70-74
2-17 Collective knowledge of the highest
governance body
70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-18 Evaluation of the performance of the
highest governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-19 Remuneration policies https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-20 Process to determine remuneration https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-21 Annual total compensation ratio This information is not shared due to confidentiality
constraints.
2-22 Statement on sustainable development
strategy
3-5, 27
2-23 Policy commitments 27, 70-74, 78-79
2-24 Embedding policy commitments 70-74 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-25 Processes to remediate negative
impacts
28 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-26 Mechanisms for seeking advice and
raising concerns
28
2-27 Compliance with laws and regulations This information is not shared due to confidentiality
constraints.
2-28 Membership associations 87
2-29 Approach to stakeholder engagement 28
2-30 Collective bargaining agreements Since the workplace is non-unionized, the company
do not have any unionized employees.
Material Topics
GRI 3: Material Topics 2021 3-1 Process to determine material topics 29
3-2 List of material topics 30-32
Economic Performance
GRI 3: Material Topics 2021 3-3 Management of material topics 22
GRI 201: Economic Performance 2016 201-1 Direct economic value generated and
distributed
22; https://
investor.
hepsiburada.
com/uploads/
PressRelease_
Q4.FY2023.pdf
201-2 Financial implications and other risks
and opportunities due to climate change
72
GRI 203: Indirect Economic Impacts 2016 203-1 Infrastructure investments and services
supported
59-67
Supply Chain
GRI 3: Material Topics 2021 3-3 Management of material topics 77
2023 SUSTAINABILITY REPORT 90 |
| GRI content index
Statement of use Hepsiburada has reported the information cited in this GRI content index
for the period 01.01.2023-31.12.2023 with reference to the GRI Standards.
GRI 1 used GRI 1: Foundation 2021
GRI STANDARD DISCLOSURE LOCATION REASON FOR OMISSION
General Disclosures
GRI 2: General Disclosures 2021 2-1 Organizational details 7-11
2-2 Entities included in the organization’s
sustainability reporting
7
2-3 Reporting period, frequency and contact
point
7, 91
2-4 Restatements of information No re-statements were made in this scope during
the reporting period.
2-5 External assurance The company has not received external assurance
within the scope of this report.
2-6 Activities, value chain and other business
relationships
8-16, 28, 77
2-7 Employees 48-50, 84-86
2-8 Workers who are not employees 84
2-9 Governance structure and composition 70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-10 Nomination and selection of the highest
governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-11 Chair of the highest governance body https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
2-12 Role of the highest governance body in
overseeing the management of impacts
70-71 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-13 Delegation of responsibility for managing
impacts
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-14 Role of the highest governance body in
sustainability reporting
26
2-15 Conflicts of interest 70-74 https://investor.hepsiburada.com/uploads/
CodeofConduct.pdf
2-16 Communication of critical concerns 70-74
2-17 Collective knowledge of the highest
governance body
70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-18 Evaluation of the performance of the
highest governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-19 Remuneration policies https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-20 Process to determine remuneration https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-21 Annual total compensation ratio This information is not shared due to confidentiality
constraints.
2-22 Statement on sustainable development
strategy
3-5, 27
2-23 Policy commitments 27, 70-74, 78-79
2-24 Embedding policy commitments 70-74 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-25 Processes to remediate negative
impacts
28 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-26 Mechanisms for seeking advice and
raising concerns
28
2-27 Compliance with laws and regulations This information is not shared due to confidentiality
constraints.
2-28 Membership associations 87
2-29 Approach to stakeholder engagement 28
2-30 Collective bargaining agreements Since the workplace is non-unionized, the company
do not have any unionized employees.
Material Topics
GRI 3: Material Topics 2021 3-1 Process to determine material topics 29
3-2 List of material topics 30-32
Economic Performance
GRI 3: Material Topics 2021 3-3 Management of material topics 22
GRI 201: Economic Performance 2016 201-1 Direct economic value generated and
distributed
22; https://
investor.
hepsiburada.
com/uploads/
PressRelease_
Q4.FY2023.pdf
201-2 Financial implications and other risks
and opportunities due to climate change
72
GRI 203: Indirect Economic Impacts 2016 203-1 Infrastructure investments and services
supported
59-67
Supply Chain
GRI 3: Material Topics 2021 3-3 Management of material topics 77
2023 SUSTAINABILITY REPORT 91 |
| 2023 SUSTAINABILITY REPORT 92
GRI content index
Statement of use Hepsiburada has reported the information cited in this GRI content index
for the period 01.01.2023-31.12.2023 with reference to the GRI Standards.
GRI 1 used GRI 1: Foundation 2021
GRI STANDARD DISCLOSURE LOCATION REASON FOR OMISSION
General Disclosures
GRI 2: General Disclosures 2021 2-1 Organizational details 7-11
2-2 Entities included in the organization’s
sustainability reporting
7
2-3 Reporting period, frequency and contact
point
7, 91
2-4 Restatements of information No re-statements were made in this scope during
the reporting period.
2-5 External assurance The company has not received external assurance
within the scope of this report.
2-6 Activities, value chain and other business
relationships
8-16, 28, 77
2-7 Employees 48-50, 84-86
2-8 Workers who are not employees 84
2-9 Governance structure and composition 70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-10 Nomination and selection of the highest
governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-11 Chair of the highest governance body https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
2-12 Role of the highest governance body in
overseeing the management of impacts
70-71 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-13 Delegation of responsibility for managing
impacts
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-14 Role of the highest governance body in
sustainability reporting
26
2-15 Conflicts of interest 70-74 https://investor.hepsiburada.com/uploads/
CodeofConduct.pdf
2-16 Communication of critical concerns 70-74
2-17 Collective knowledge of the highest
governance body
70-71 https://investor.hepsiburada.com/en/about-hepsiburada/board-of-directors
https://investor.hepsiburada.com/en/about-hepsiburada/executive-team
2-18 Evaluation of the performance of the
highest governance body
https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-19 Remuneration policies https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-20 Process to determine remuneration https://investor.hepsiburada.com/uploads/
HepsiburadaRemunerationPolicy.pdf
2-21 Annual total compensation ratio This information is not shared due to confidentiality
constraints.
2-22 Statement on sustainable development
strategy
3-5, 27
2-23 Policy commitments 27, 70-74, 78-79
2-24 Embedding policy commitments 70-74 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-25 Processes to remediate negative
impacts
28 https://investor.hepsiburada.com/uploads/
CorporateGovernanceGuidelines.pdf
2-26 Mechanisms for seeking advice and
raising concerns
28
2-27 Compliance with laws and regulations This information is not shared due to confidentiality
constraints.
2-28 Membership associations 87
2-29 Approach to stakeholder engagement 28
2-30 Collective bargaining agreements Since the workplace is non-unionized, the company
do not have any unionized employees.
Material Topics
GRI 3: Material Topics 2021 3-1 Process to determine material topics 29
3-2 List of material topics 30-32
Economic Performance
GRI 3: Material Topics 2021 3-3 Management of material topics 22
GRI 201: Economic Performance 2016 201-1 Direct economic value generated and
distributed
22; https://
investor.
hepsiburada.
com/uploads/
PressRelease_
Q4.FY2023.pdf
201-2 Financial implications and other risks
and opportunities due to climate change
72
GRI 203: Indirect Economic Impacts 2016 203-1 Infrastructure investments and services
supported
59-67
Supply Chain
GRI 3: Material Topics 2021 3-3 Management of material topics 77
GRI 204: Procurement Practices 2016 204-1 Proportion of spending on local
suppliers
77
GRI 406: Non-discrimination 2016 406-1 Incidents of discrimination and
corrective actions taken
77
GRI 408: Child Labor 2016 408-1 Operations and suppliers at significant
risk for incidents of child labor
77
GRI 409: Forced or Compulsory Labor 2016 409-1 Operations and suppliers at significant
risk for incidents of forced or compulsory labor
77
Ethics
GRI 3: Material Topics 2021 3-3 Management of material topics 72-74 |
| 2023 SUSTAINABILITY REPORT 93
GRI 205: Anti-corruption 2016 205-1 Operations assessed for risks related to
corruption
72-74
205-2 Communication and training about
anti-corruption policies and procedures
72-74
205-3 Confirmed incidents of corruption and
actions taken
73
Sustainable Products and Packaging
GRI 3: Material Topics 2021 3-3 Management of material topics 40-41
GRI 301: Materials 2016 301-1 Materials used by weight or volume 41, 83
301-2 Recycled input materials used 40-41
301-3 Reclaimed products and their
packaging materials
40-41, 83
Emissions and Energy Management
GRI 3: Material Topics 2021 3-3 Management of material topics 35-37
GRI 302: Energy 2016 302-1 Energy consumption within the
organization
36, 83
GRI 305: Emissions 2016 305-1 Direct (Scope 1) GHG emissions 36, 83
305-2 Energy indirect (Scope 2) GHG
emissions
36, 83
305-3 Other indirect (Scope 3) GHG emissions 36, 83
305-5 Reduction of GHG emissions 36-37, 43-45
Water Consumption
GRI 3: Material Topics 2021 3-3 Management of material topics 46
GRI 303: Water and Effluents 2018 303-2 Management of water discharge-related impacts
46
303-3 Water withdrawal 46, 83
Circularity and Waste Management
GRI 3: Material Topics 2021 3-3 Management of material topics 38-39 |
| 2023 SUSTAINABILITY REPORT 94
GRI 306: Waste 2020 306-1 Waste generation and significant
waste-related impacts
38
306-2 Management of significant waste-related impacts
38-39
306-3 Waste generated 39
306-4 Waste diverted from disposal 83
306-5 Waste directed to disposal 83
Sustainable Logistics
GRI 3: Material Topics 2021 3-3 Management of material topics 42-45
Inclusion, Equality and Diversity
GRI 3: Material Topics 2021 3-3 Management of material topics 49, 50
GRI 401: Employment 2016 401-1 New employee hires and employee
turnover
85
401-2 Benefits provided to full-time
employees that are not provided to
temporary or part-time employees
51-53, 55
401-3 Parental leave 86
GRI 405: Diversity and Equal Opportunity 2016 405-1 Diversity of governance bodies and
employees
49, 50, 70, 84-86
405-2 Ratio of basic salary and remuneration
of women to men
49
Employee Health, Safety and Welfare
GRI 3: Material Topics 2021 3-3 Management of material topics 56 |
| 2023 SUSTAINABILITY REPORT 95
GRI 403: Occupational Health and Safety
2018
403-1 Occupational health and safety
management system
56
403-2 Hazard identification, risk assessment,
and incident investigation
56
403-3 Occupational health services 55, 56
403-4 Worker participation, consultation, and
communication on occupational health and
safety
55, 56
403-5 Worker training on occupational health
and safety
56
403-6 Promotion of worker health 55, 56
403-7 Prevention and mitigation of
occupational health and safety impacts
directly linked by business relationships
55, 56
403-8 Workers covered by an occupational
health and safety management system
56
403-9 Work-related injuries 86
403-10 Work-related ill health 86
Talent Management and Development
GRI 3: Material Topics 2021 3-3 Management of material topics 51-54
GRI 404: Training and Education 404-1 Average hours of training per year
per employee
51, 86
404-2 Programs for upgrading employee
skills and transition assistance programs
51-53
404-3 Percentage of employees receiving
regular performance and career development
reviews
53, 86
Positive Social Impact
GRI 3: Material Topics 2021 3-3 Management of material topics 58-60 |
| 2023 SUSTAINABILITY REPORT 96
GRI 413: Local Communities 2016 413-1 Operations with local community
engagement, impact assessments, and
development programs
59-67
Women Entrepreneurship
GRI 3: Material Topics 2021 3-3 Management of material topics 64-67
Data Security and Privacy
GRI 3: Material Topics 2021 3-3 Management of material topics 78-81
GRI 418: Customer Privacy 2016 418-1 Substantiated complaints concerning
breaches of customer privacy and losses of
customer data
79
Protection of Intellectual Property Rights
GRI 3: Material Topics 2021 3-3 Management of material topics 81 |
| Colophon
D-MARKET ELECTRONIC SERVICES AND TRADE INC.
Kuştepe Mahallesi Mecidiyeköy Yolu Caddesi Trump Towers Kule 2
Kat: 2 No: 12 34387 Şişli / İstanbul
PHONE
0850 252 40 00 (Call Center)
For more detailed information about the Hepsiburada
Sustainability Report and to share your opinions and suggestions:
crsustainability@hepsiburada.com
Reporting Consultant:
ZOA Sürdürülebilirlik Danışmanlığı
www.zoaconsulting.co
Design Consultant:
Bee Company
www.beecompany.com.tr
2023 SUSTAINABILITY REPORT 97 |
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