Mazars Denge Sustainability Report 2017 by Mazars Denge

S U S TA I N A B I L I T Y R E P O R T 2 017

F R O M AWA R E N E S S , T O L I G H Tâ&#x20AC;¦

THE PRIMARY GOAL OF OUR 2016 REPORT WAS TO RAISE AWARENESS ON THE ISSUE OF SUSTAINABILITY. FOR THAT PURPOSE, WE CREATED A CONCEPT USING THE NAUTILUS, ONE OF THE OLDEST EXTANT SPECIES ON EARTH, ALONGSIDE THE GOLDEN RATIO HIDDEN IN THE FIBONACCI SEQUENCE. FOR OUR 2017 REPORT, WE HAVE SELECTED FLUORESCENT ORGANISMS AS OUR MAIN CONCEPT TO REMIND THAT IT IS THE DUTY AND RESPONSIBILITY OF THE "AWARE" TO ENLIGHTEN THOSE AROUND THEM. ABOVE ALL, AWARENESS REQUIRES CURIOSITY AND A THIRST FOR KNOWLEDGE. TO LEARN, AND TO KNOW, IS IN FACT A GREAT RESPONSIBILITY, AS KNOWLEDGE DRIVES NOT ONLY A CHANGE IN BEHAVIOR, BUT ALSO A CHANGE IN AWARENESS. ONCE A PERSON OR AN ENTERPRISE BECOMES AWARE, THEY UNDERSTAND THE FUTILITY OF ANY ATTEMPT TO ISOLATE THEMSELVES FROM THEIR ENVIRONMENT, OR FROM THEIR COMMUNITY. WHEN FACED WITH ENVIRONMENTAL, SOCIAL OR ECONOMIC PROBLEMS, THEY FORGO THE “NONE-OF-MY-BUSINESS” ATTITUDE, INSTEAD ASKING “WHAT CAN I DO TO TRANSFORM THIS PROBLEM, WHICH I AM A PART OF, INTO A SOLUTION?” IN FACT, AWARENESS MAY BE DEFINED AS THE ENLIGHTENMENT BROUGHT ABOUT BY THE REALIZATION OF OUR INTERCONNECTEDNESS WITH ALL BEINGS, LIVING AND INANIMATE, AND OUR RESPONSIBILITY TOWARDS ONE ANOTHER. ONE SUCH CASE IS THE ADAMER PROJECT OF ADAYSK (PRINCE ISLANDS MARINE LIFE AND SPORTS CLUB ASSOCIATION), A SUBSTANTIAL EFFORT TOWARDS THE MARMARA SEA CARRIED OUT WITH SUPPORT FROM MAZARS DENGE. YOU MAY ASK YOURSELF, WHAT DOES A TAX, ACCOUNTING, AUDIT AND CONSULTANCY FIRM HAVE TO DO WITH TRANSPLANTATION OF CORAL COLONIES, WHICH HAVE SUFFERED SIGNIFICANT DAMAGE WHEN CONSTRUCTION WASTE FROM YASSIADA WERE DUMPED INTO THE SEA, TO NEANDROS? YET, IT HAS BEEN MAZARS DENGE WHO SERVED AS A LIAISON TO SECURE THE INITIAL PHASE FINANCING FOR THE ADAMER PROJECT, WHICH IS PROGRESSING SUCCESFULLY. THUS, THOSE WHO ARE AWARE OF THE TIES THAT BIND US, AND HAVE THE ENLIGHTENMENT THIS AWARENESS BRINGS, SHOULDER THE RESPONSIBILITY OF PROMOTING THE TENETS OF LONG-TERM THINKING, STAKEHOLDER BENEFIT IN DECISION-MAKING, AND THE KEY IMPORTANCE OF BALANCE BETWEEN THE ECONOMY, ENVIRONMENT, AND SOCIETY. AND FOR MAZARS DENGE, RAISING OUR OWN SOCIAL AND ENVIRONMENTAL AWARENESS AND SHARING OUR KNOWLEDGE AND EXPERIENCE TO TRANSFORM ALL OF OUR EMPLOYEES INTO VERITABLE SUSTAINABILITY AMBASSADORS IS A KEY SOCIAL RESPONSIBILITY MISSION FOR A BRIGHTER FUTURE WHERE WE WILL DRAW MORE INSPIRATION FROM ONE ANOTHER.

CONTENTS 8

About this Report

Message from the Chairman

Message from the CEO

Mazars Denge’s Corporate Values

Mazars Denge by Numbers

Corporate Profile

Mazars Denge Services

National and International Memberships

Sustainability for Mazars Denge

Mazars Denge’s Sustainability Approach

Organization of Sustainability at Mazars Denge

Stakeholder Analysis

Materiality Analysis

Mazars Denge’s Sustainability Strategy

The Source and Goal of the Sustainability Model

Sustainable Development Goals

Material Issue 1: “Generating Sustainable and

Responsible Income”

Material Issue 2: “Responsible Management”

Corporate Management Structure at Mazars Denge

Ethical Principles

Quality Control System

Long-term Relations with Clients

Supply Chain Management

Material Issue 3: “Supporting Continuous Employee Development”

Sustainable Human Resources Strategy and Policies

Human Resources Indicators

Mazars Denge Employee Satisfaction and Development

Work-Life Balance

Material Issue 4: “Client Focus & Innovation in Services”

Balanced Distribution of Senior Attention across

All Clients

Balance between Real Needs and Real Solutions

Balance between Technical Excellence and Ethics

Balance between Client Satisfaction and Long-term

Relationships

Material Issue 5: “Supporting Societal Development”

Cultural Sustainability

Social Responsibility Projects

Academic Cooperation

Material Issue 6: “Disseminating the Sustainability Perspective”

Awareness Is Raised…

Sustainability Begins To Turn Into a Life Style...

Sustainability Lessons are Shared...

Material Issue 7: “Reducing Environmental Impact”

ANNEXES

Innovations In Services and New Technologies

ANNEX 1: UN Global Compact:

Principles and Mazars Denge

ANNEX 2: Mazars Denge Supplier Criteria

ANNEX 3: Mazars Denge Human Resources

Key Performance Indicators and 2018 Targets

ANNEX 4: GRI General Standards Content Index

ANNEX 5: GRI Specific Standards Content Index

Sustainable Development Goals

ABOUT THIS REPORT Tropical Pacific Tube Anemone

Having made sustainability an integral part of its corporate

This GRI (Global Reporting Initiative) Comprehensive report

culture, Mazars Denge hopes this report will foster closer

contains progress reports on the implementation of UN

contact with all its stakeholders by sharing with them its

Global Contact principles, UN Sustainable Development

approach to sustainability, and its efforts and progress in this

Goals, and UN Womenâ&#x20AC;&#x2122;s Empowerment Principles, to which

area.

Mazars Denge is a signatory.

This report, the second sustainability report of Mazars Denge,

All efforts into sustainability at Mazars Denge, including

covers the 12-month period from January 1 to December 31,

sustainability reporting, are carried out by the Sustainability

2017, and explores the companyâ&#x20AC;&#x2122;s performance with respect

Committee. The Mazars Denge Sustainability Report 2017 was

to top-priority sustainability issues as identified by stakeholder

prepared under the guidance of Prof. Dr. GĂźler Aras.

analysis.

Our sustainability model contributes to the creation of an environmental, social and economic balance, and to the pursuit of progress.

MESSAGE FROM THE CHAIRMAN 10

Dear Stakeholders, As a Native American proverb says, â&#x20AC;&#x153;We do not inherit the Earth from our ancestors; we borrow it from our children.â&#x20AC;? In our previous sustainability report we shared with you last year, I delved into the importance of the environment, stressed how humanity exploited the environment to the brink of destruction until the advent of the information society, and noted that, while this issue calls for national and international effort, we, as individuals and organizations, still have a big role to play, that we are running out of time, and that we have to place a sustainable economic model to the top of our list of priorities without delay. While important steps have been taken to create this sustainable economic model, we were disappointed to witness some worrying decisions, such as the fact that certain countries, which are in fact the leading actors in the worldâ&#x20AC;&#x2122;s falling environmental biodiversity, withdrawing their support from the Paris Climate Agreement.

On the other hand, movements such as the “Buy Nothing

Last year, we proudly and joyfully celebrated the 40th

Year” in 2018 that started in the US before spreading to

anniversary of our founding together. As we enter the next 40

European countries, calling for participants to purchase

years of our journey, we intend to increase our efforts in this

nothing for a year except basic necessities, indicate a

area without losing the hope for a better environment, and a

substantial shift in awareness.

healthier, more beautiful future for our country and the world.

Furthermore, I believe that artificial intelligence and robotics,

I would like to express my heartfelt gratitude for all

important priorities in the global agenda recently, will have

contributors to this year’s Corporate Sustainability Report,

a positive impact on environmental factors, alongside their

especially our consultant Prof. Dr. Güler Aras for her diligence,

inherent risks and the questions they arise.

and our CEO Dr. İzel Levi Coşkun.

I am convinced that in just a few years, we will find ourselves in a new world wholly different than today, and in an unusual economic model. For this to come to pass, however, we need international structures in place, and organizations that encompass not only individual countries, but the whole world

LEON ASLAN COŞKUN, YMM

in efforts for the preservation of nature, and for the action

Chairman

against hunger and poverty.

Mazars Denge

The values of our 40-year-old company have buoyed us up since the beginning, becoming an indispensable part of our operating procedures.

MESSAGE FROM THE CEO 12

Dear Stakeholders, 2017, the year of our proud 40th anniversary, was a year of intense development for us despite all the negative conditions it brought about. A question I was often asked was, “How are you able to maintain such a positive outlook on the future?” As I responded, I realized once again how important for me it was to see our company, built on common values, on a bright path, taking firm steps towards growth. Is this journey of growth devoid of mistakes, shortcomings and erroneous decisions? Certainly not. However, what really matters is that we overcome obstacles in good faith, balance our economic benefit with our social and environmental impact, and keep driving our company forward at all times. Seeing with my own eyes the value our work adds to our stakeholders, and witnessing this journey of growth fills me with hope, joy and motivation—a sentiment I believe is shared by all of our colleagues. Our first GRI G4 corporate sustainability report strived, above all, to create awareness among all stakeholders, especially the employees of Mazars Denge.

Stakeholder surveys we carried out in late 2017 reveal that the

Furthermore, as the Corporate Sustainability Committee led

conceptual link between our business and our responsibilities

by Prof. Dr. Güler Aras, we are pleased to have completed

towards future generations has been established, and that we

our GRI-compliant 2017 report on March 8 International

are close to our goals in this regard. In our previous report,

Women’s Day, reflecting the emphasis we place on women,

I laid down the steps we will take after creating awareness.

and our endeavors to increase the number of women in our

Accordingly, in 2017 we took our first steps towards

management.

“implementation across all processes”, “defining short, medium and long-term sustainability goals” and “correct measurement.” Correct measurement is an area I would like stress in particular, as although we have in fact created a certain sense of awareness on corporate sustainability, our progress in this area would remain largely abstract without quantifiable targets as well as procedures and task descriptions suitable for these targets. At this juncture, I would like to point out that corporate sustainability involves

DR. İZEL LEVİ COŞKUN

much more than the conventional concepts of carbon, energy

CEO, Sustainability Ambassador

and water footprints, and companies need to develop their

Mazars Denge

own calculation methodologies including a variety of metrics such as key performance indicators, quality across service units, ethics performance, and employee satisfaction. Starting with our Human Resources Department in 2017, we have begun to establish the desired measurement infrastructure, procedures and task definitions across the company.

the industry through an unshakeable commitment to offering reliable, high-quality boutique services.

OUR MISSION

OUR VISION

To be the most reputable company in

To generate income responsibly while respecting core values and employee development, and to create sustainable value for all clients and stakeholders.

MAZARS DENGE’S OBJECTIVE

Mazars Denge focuses on a single objective in all its business: ‘Creating sustainable value for society and all stakeholders.’

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MAZARS DENGE’S C O R P O R AT E VA L U E S

Doğukan Meriç Özak – Tax – Specialist

RESPEC T FOR PEOPLE AND DIVERSIT Y FIRST Mazars Denge’s utmost priority is and has always been people, and for us, human values are paramount. We respect everyone equally regardless of their ethnicity, cultural background or gender, and embrace diversity in all of its forms within our corporate structure.

ETHICS Mazars Denge’s professional ethics guideline is a manifestation of its code of ethics, and serves as a beacon in all business transactions.

BOUTIQUE SERVICES Mazars Denge’s boutique service approach is shaped by the four principles of: 1. Senior attention 2. Rapid access, rapid results 3. Solution-finding 4. Proactivity

TECHNICAL EXCELLENCE At Mazars Denge, technical excellence begins with recruitment and continues through with support of on-thejob training, general technical training and competencebased training. Technical excellence is one of the key pillars of Mazars Denge’s principles of quality service and independence.

INDEPENDENCE Mazars Denge enjoys a reputation of a “honest and objective” solution partner among all of its stakeholders thanks to its uncompromising independence and impartiality. The principle of independence requires full conformity with the international norms established by Mazars’ head office.

CONTINOUS DEVELOPMENT Mazars Denge takes pride in being an innovative enterprise learning from the past and looking to the future, capable of adapting rapidly to technological developments, and transferring its know-how to all stakeholders.

You are greeted by smiles the moment you walk through the door. At Mazars Denge, people feel that their sole purpose is not earning money, and they support a variety of social responsibility projects. An organization with such a commitment to its values will have many more 40 years ahead in its future. Cansu Yaman – AOS – Chief I feel very lucky to be part of a peopleoriented company that understands the importance of teamwork and always endeavors to improve our working conditions. Nadir Kurtarıcı – IT – Assistant Manager Mazars Denge’s boutique service approach is reflected on its internal support teams as well. Our on-site, individual services contribute to social interaction within the company, enabling us to gain insight into a variety of fields other than our own.

**The figure does not include the employees of the corporate consultancy company Prokon, a member of Marcalliance.

MAZARS DENGE BY NUMBERS

1,259 Clients

Offices

Partners

337

Employees*

Consultancy

Independent Audit

32 %

2 0 17 R E V E N U E D I S T R I B U T I O N

In 2017, Mazars Denge achieved growth in Consultancy Services area. With investments primarily aimed at Information Technologies Audit, Security and Advisory Services, Strategic Consultancy, Financial Due Diligence and Internal Audit services, the company is expected to reach a similar level of growth in 2018.

46 %

Tax

Accounting

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MAZARS WORLDWIDE A fully-integrated global firm, Mazars offers professional audit, accounting, tax and advisory services. Mazars operates in 102 countries and regions with 86 international integrated partnership locations and 16 Mazars liaison offices. Through Praxity Alliance’s professional teams, Mazars’s global reach is further increased with an additional 21 countries. Mazars leverages the expertise of 20.000 employees across the globe in 300 offices of 980 partners. It serves clients of all sizes and in all stages of development from SMEs to global corporations and from venture capital companies to public agencies.

İstanbul Bursa Ankara İzmir Denizli Gaziantep

MAZARS DENGE In 2017, Mazars Denge celebrated its 40th anniversary with its professional team of 337 working in seven offices in six provinces across Turkey, and over 1,000 clients. Clients of Mazars Denge receive the same level of quality in Tax, Audit, Accounting and Advisory Services in the company’s İstanbul, Ankara, Bursa, İzmir, Denizli and Gaziantep offices, and enjoy the privilege of the senior attention by 34 partners, of whom

PROFILE

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needs of clients.

C O R P O R AT E

15 are certified public accountants, who directly address the

1988

1977

Founded as an accounting and tax firm

Audit services are launched

1998

Partnership with Mazars

2008 2001 AOS are restructured

Transfer pricing services are launched

2008 Mazars Denge is named Turkeyâ&#x20AC;&#x2122;s Top Tax Firm by International Tax Review

2012 Corporate Finance, Internal Audit and Strategic Consultancy services are launched

2013 Denizli Office opens

2015 World Tax 2015 recognizes Mazars Denge as one of Turkeyâ&#x20AC;&#x2122;s Top Tax Consultancy Firms

2013 Izmir Office opens

2015 China Desk is established 20

2016

Sustainability Committee is formed

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MILESTONES

* The restructured Consultancy Services department began to provide • Strategic Management Consultancy • Internal Audit Services • Corporate Finance Services • Financial Due Diligence • Information Technologies Audit, Security and Consultancy Services. PCI DSS certification has been obtained

1989 Tax services are organized under a separate department

2009 Bursa Office opens

2009 Mazars Denge begins to provide education services with Denge Academy

2017

40 anniversary th

1995

1994

Management consultancy services are launched

Ankara Office opens

2011

2009 Mazars Denge is named Turkey’s Top Transfer Pricing Firm by International Tax Review

Mazars Denge is named Turkey’s Top Tax Firm by International Tax Review

2012 Gaziantep Ofisi’nin açılışı

2017

Advisory Department is restructured

Mazars Denge receives Sustainability Report of the Year (SME) Award by the Sustainability Academy

2017 France and Italy Desks are established 21

40TH YEAR LETTER DELIVERED. On January 2, 2017, employees of Mazars Denge found an envelope in their offices, containing a letter that appeared as if written four decades ago. In the letter, Leon Aslan Coşkun, founder and chairman of Mazars Denge expressed his belief that the dream of a 40-year-old company could only become a reality by staying true to the right values and creating a team that believed in one another. In the second week of January, Mazars Denge employees found an identical envelope, and a 40th year souvenir pencil, which they used to

4 0 TH A N N I V E R S A R Y O F M A Z A R S D E N G E

Celebrating the 40th anniversary of its founding in 2017, Mazars Denge relived the excitement of day one and the pride of its 40th year through a number of events. JANUARY 2017

pen a letter to be read 40 years from now in the 80th anniversary of the company. Mazars Denge 40th Year Letter

FEBRUARY 2017

MAZARS DENGE ISSUES COMMEMORATIVE STAMPS FOR ITS 40TH ANNIVERSARY, A FIRST IN THE SECTOR. Alluding to hard copy documents, which are part of Mazars Denge’s business, the project brought back the concept of stamps, an important aspect of daily and commercial transactions at the time of Mazars Denge’s founding that have since become souvenir items. Being issued the same year as Mazars Denge published its sustainability report in form of an interactive, mobile report app on the iOS platform for the first time in Turkey, the anniversary stamps celebrated the company’s past and values while representing its new direction into the future and innovation. The project was developed jointly with Turkish Postal Agency PTT, enabling the stamps to be used on international correspondence, some of which were used in communications with Mazars offices worldwide.

MARCH 2017 Mazars Denge launched 40th year anniversary interviews with employees. What Is It Like to Work at Mazars Denge?

JUNE 2017 Mazars Denge employees took part in sustainability training in Istanbul and

APRIL 2017

Ankara. Mazars Denge Sustainability Training

Mazars Denge published its first sustainability report.

MAY 2017 JULY 2017 40th year commemorative postcards were issued.

Established by two partners in 1977, back when the term “clerk” was used to describe the accountant’s profession, Mazars Denge, in its 40th year, presented the awards to the winning teams of TUSIAD’s “These Young People Have the Potential!” project, of which it is the gold sponsor.

AUGUST 2017 Mazars Denge published its Sustainability Report as a mobile app.

SEPTEMBER 2017 MAZARS DENGE 40TH YEAR RECEPTION Mazars Denge’s 40th Year Reception was held on September 14 at the French Palace in Istanbul with an attendance of over 600. At the event, Mazars Denge employees who completed 10 years of service and long-term clients of the company received commemorative plaques. The reception featured a separate segment devoted to presentations on Mazars Denge’s sustainability efforts.

“This 40-year journey, full of good and bad memories and challenges overcome, would have been impossible without your support, which brought us to where we are today. When my partner, the late Midat Benhayim and I set upon this journey 40 years ago, at a time when the profession of accounting and auditing was yet to gain a formal structure, its experts simply called ‘clerks’ and accounting offices seen as ‘deal-sealers’, all before the advent of the Anglo-Saxon Big Four, or the Big Ten as they were called back then, we could not have even imagined that we would have come so far.” Leon Aslan Coşkun,

YMM Mazars Denge Founder & Chairman

A STORY OF CORPORATE SUSTAINABILITY FROM THE PERSPECTIVE OF A CEO Dünya Newspaper published the 13-part article series titled “A Sustainability Story” by Mazars Denge CEO Dr. İzel Levi Coşkun.

The French Palace served as the first diplomatic mission of France in the Ottoman period, a role it continued to play after the foundation of the Republic of Turkey until the embassy was moved to the capital, Ankara. Construction of the building, designed by Pierre Laurécisque, began in 1839. The land occupied by the building, which has served as a long-standing symbol of the diplomatic and commercial relations between France and Turkey, has been owned by the French state for four centuries.

Ata Selçuk Innovation and Sustainability Coordinator Eczacıbaşı Holding Dear İzel, The first of everything requires hard work, effort, and dedication. The firsts are never forgotten. I am certain that this first sustainability report is the fruit of the intense labor of a dedicated team. I wish to extend my heartfelt congratulations to you and the whole team for making this report a reality, and to the Mazars Denge family for the projects and values included in the report—a testament to their commitment to sustainability. Kind regards. Didem Eryar Ünlü Dünya Newspaper I have read the Mazars Denge Sustainability Report as a statement of a company that has embraced sustainability not only in its business model, but across its entire existence. I believe this report provides a very important benchmark for increasing the number of companies that are ethical, transparent and beneficial for the society and the environment while creating benefit for human life.

OCTOBER 2017 With its first Sustainability Report, Mazars Denge received the Sustainability Report of the Year Award in the SME category at the fourth edition of the annual Sustainable Business Awards.

NOVEMBER 2017 Mazars Denge 40th Year Cup events, which kicked off with a table tennis tournament in September, continued with tennis, chess, basketball and football competitions.

DECEMBER 2017 Winners of the 40th Year Cup received their awards at a celebration event at Mazars Denge.

TAX SERVICES Full Certification Tax Consultancy

Mazars Denge provides auditing, accounting, tax and advisory services to clients from various industries. Sharing its expertise and experience with clients through its boutique service approach, Mazars Denge combines technical excellence with the personal skills of its teams, delivering tailored solutions to a variety of clients from large enterprises to public agencies, and SMEs to sole proprietorships.

MAZARS DENGE SERVICES

Tax Revision Transfer Pricing VAT Return Tax Due Diligence AUDIT SERVICES Independent and Special Purpose Audit ACCOUNTING SERVICES General Accounting Payroll Services Management Reporting Accounting Revision ADVISORY SERVICES Corporate Finance Strategic Management Consultancy Information Technologies Audit, Security and Consultancy Financial Due Diligence Services Corporate Management, Risk, Control, Internal Audit CIRCULARS Amendments to Tax Legislation DENGE ACADEMY Training COUNTRY DESKS China, Italy, France Desks

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TA X SERVICES

In order for firms that are eligible to receive Value Added

Mazars Denge offers tax consultancy, full certification, tax

Tax returns either directly or account to request a tax return,

advisory, revision, transfer pricing, VAT return and tax due

the corresponding list in the general communiqué on VAT

diligence services.

implementation must be filed in the manner specified by

Mazars Denge employs certification specialists who have been

the Revenue Administration, and submitted to the Internet

trained under the company’s experience of 40 years. These

tax office system. Services offered by Mazars Denge’s Tax

expert certification teams diligently review client documents

Department include the preparation of such lists, calculation

and records under the Law No. 3568 on Independent

of return amounts, affiliate reviews, cross audits and analytics

Accountancy, Independent Public Accountancy and Certified

and subsequent Certified Public Accountancy reports.

Public Accountancy, reporting their findings to the client’s management. At the same time, Mazars Denge benefits from the global competence and deep technical insight of its specialist team to provide the following Transfer Pricing services aimed at identifying and minimizing financials risks to its clients: • Annual Transfer Pricing Reporting and report evaluation • “Risk Analysis Report” • Transfer Pricing Planning Study (Master File) • Consultancy Services on the filing of Corporate Tax

Statement annex “Transfer Pricing, Controlled Foreign

Corporation and Discretionary Capital Form”

• Intra-group service contract evaluation, control and

risk assessment

• Defense services • Advance Pricing Agreement

HOW MAZARS DENGE SERVICES ARE DISTINCT: ✦ Continuous development of CAP software carried out by the company’s technical team increases tax audit efficiency and reduces workload for clients’ accounting departments during fieldwork ✦ The company’s tax partner checks full certification reports prepared by Mazars Denge offices through sampling, and the results are reported to the relevant CPA and Board of Directors. A quality assurance rating system was developed in 2017 to make quality assurance more systematic, and ensure comparability of results. ✦ Every three weeks, CPAs and directors in all Mazars Denge Offices convene for a technical meeting at which they discuss legal amendments, newly published articles and communiques within the financial quarter.

INDEPENDENT AUDIT SERVICES

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Mazars Denge offers clients independent and special-purpose audit services at international standards. The company holds all significant professional authorizations granted by national and international organizations. Established in 1988, the Audit Department leverages the technical expertise of its global partner, Mazars, in carrying out its operations. Mazars Denge is licensed in Turkey by the PCAOB (Public Company Accounting Oversight Board), the organization that authorizes external audit companies to carry out audits of public companies in the United States under the SarbanesOxley Act. All audits meet International Auditing Criteria and include all procedures deemed necessary for verifying the accuracy of accounting records. HOW MAZARS DENGE SERVICES ARE DISTINCT: ✦ Mazars Denge’s audit team is among Turkey’s best in terms of insurance experience. Employees who join the Mazars Denge team after serving as independent auditors followed by a career in the insurance industry bring with them a unique and valuable perspective. ✦ Expert teams carry out internal control surveys and analyses for identifying the main risks within the scope of the audit. This enables the preparation of management letters that create added value for the client while enhancing audit quality. ✦ This successful hybrid approach in audit/tax has also been implemented in quality assurance teams, increasing the efficiency and quality in tax and independent auditing.

ACCOUNTING SERVICES Mazars Denge offers its clients the option to outsource their accounting departments either partially or completely. This decision provides an alternative to creating an in-house accounting department and the need to invest in computer hardware, personnel, and expensive accounting software. Accounting services provided by Mazars Denge also include regular tax inspections, with results reported to the client firm’s management to avoid accounting errors that might result in fines, as well as payroll and management reporting. Furthermore, Mazars Denge prepares circulars on every major amendment in tax and labor legislation and forwards these to clients regularly via e-mail.

Olivier Borner Vivasanté – Accounting and Reporting Director

HOW MAZARS DENGE SERVICES ARE DISTINCT: ✦ Mazars Denge partners in the top management of the

Urgo Group has been operating in Turkey with Viva Sağlık since 2013. Since day one, we have worked with Mazars Denge for accounting, and we have seen first-hand the high-quality, dedicated services they offer.

accounting department are experts in independent audits and international tax. This furnishes our accounting teams with a new vision, allowing them to create greater added value for clients.

CONSULTANCY SERVICES

Consultancy Services

Mazars Denge offers consultancy services in a variety of

are dominated by the effects of digital transformation,

fields to support customers in achieving their targeted level of growth in managerial, digital and financial aspects of their business. Restructured in 2017, the consultancy services department assures the quality of its services with international certifications. With its interdisciplinary structure, Mazars Denge provides exclusive solutions tailored to client needs, benefiting from a holistic approach in today’s world

In today’s world where commerce, industry and society safeguarding information is almost as important as acquiring the information in the first place. Information security, cyber security, IT audit and IT consultancy services of Mazars Denge’s competent and solution-oriented team support clients in developing business processes in line with their targeted strategical approaches. In 2017, Mazars Denge received PCI DSS certification to carry out audits on

where progress in a single area is not sufficient to drive

enterprises handling online financial transactions.

growth on its own.

✦ Financial Due Diligence Services

MAIN AREAS OF BUSINESS

Mazars Denge Financial Due Diligence Services Department provides assurance for sellers and buyers in business acquisitions through objective and comprehensive analyses

✦ Corporate Finance Services (Valuation, Mergers and Acquisition Consultancy and Other Corporate Finance Services) Drawing from a rich experience in corporate finance, Mazars Denge’s dedicated Corporate Finance Department offers valuation, merger and acquisition consultancy, pre-IPO consultancy, financial modeling, project finance and capital markets regulation consultancy services.

of the organization’s performance and current situation. Financial Due Diligence Services team evaluate the reliability of accounting practices as well as the financial statements of the business subject to due diligence, and assess the acquisition investment in terms of risks and advantages, thus supporting investors in making accurate decisions. HOW MAZARS DENGE SERVICES ARE DISTINCT:

✦ Strategic Management Consultancy Services

✦ Mazars Denge’s Advisory Department teams place

The Strategic Management Consultancy Department

great emphasis on joint efforts and interdisciplinary

delivers high-quality systematic solutions for managerial

information-sharing, which prevents single-dimensional

problems faced by businesses. Mazars Denge’s Management

results and delivers multifaceted solutions for clients.

Consultancy team leverages on a deep-rooted experience and know-how on sectoral developments, strategic and operational needs and issues. ✦ Corporate Governance, Risk, Control, Internal Audit Services Mazars Denge provides Corporate Governance, Risk, Control, Internal Audit Services to improve risk management in client businesses. Today, the importance of risk management for businesses is greater than ever before due to the competitive environment, legislative and regulatory obligations, changing management needs and growing use of technology. Mazars Denge supports businesses of all sizes from a variety

Remzi Aydın Gratis – CFO I consider myself quite fortunate for the opportunity to work with the Mazars team in the due diligence process. The training and guidance they provided before and their support and feedback on the most critical matters during the due diligence were very helpful. It was invaluable to have fast and results-oriented feedback where needed in matters of finance and tax. Mazars’ team is one I would like to work with again in the future for consultancy and new projects.

of industries, enhancing their risk management capability and in turn contributing to their strength and growth. ✦ Information Technologies Audit, Security and

Mehmet Çelikol Garaj Sepeti – CEO Mazars Denge played a crucial role in the acquisition of Tasit.com. The results-oriented approach of the Mazars Denge team provided a solid foundation of due diligence for the process. Their detailed analyses and target-specific reports were essential in the M&A process. And like everthing else, the timing was excellent.

DENGE ACADEMY At Denge Academy, experts offer boutique training courses in a wide range of professional fields.

CHINA DESK The China Desk at Mazars Denge offers company formation, tax, audit, corporate finance, financial valuation, information security and education consultancy services to Turkey-based businesses that aim to invest in China as well as China-based businesses planning to invest in Turkey. The China Desk is a member of Mazars Global China Services team, and partners with Mazars offices in China for its projects. Following the restructuring in 2017, the China Desk has begun to complement its mission of handling communications between departments and clients, by sharing its practical know-how on Chinese business culture and points of consideration when working with Chinese.

The Mazars Denge China Desk was invited by the Republic of Turkey Office of the Prime Minister Investment and Promotion Agency to the Investment in Turkey Seminar held in Shanghai on October 19, where it provided a briefing to Chinese investors on Turkish tax system and incentives.

EGIAD, Doing Business with China Seminar

Mazars Denge’s 40th Year – Interview with Ayşegül Kallioğlu, General Manager of GRG Banking Which Services Does Mazars Denge China Desk provide?

Investment in Turkey Seminar Mazars Denge Attended in China

FRENCH DESK

Tube Anemone (Anemona Tubicola)

Mazars Denge France Desk was established in 2017 to better serve France-based businesses that operate in Turkey, as well as Turkey-based businesses looking to enter the French market.

In the Invest in France investment seminar, organized by Business France, Mazars’ international strategic partner, and His Excellency Charles Fries, Ambassador of France to Turkey, Mazars France Tax Partners Frédéric Barat and Gökhan Aktaş provided a briefing to Turkey-based firms and investors on tax legislation of France.

ITALY DESK Mazars Denge Italy Desk was established in 2017 to better serve Italy-based businesses that operate in Turkey, as well as Turkey-based businesses looking to enter the Italian market.

N AT I O N A L A N D I N T E R N AT I O N A L M E M B E R S H I P S

Driven by a sense of professional and social responsibility, Mazars Denge has participated -and will continue to participate- in a variety of organizations to which it can make a meaningful contribution. To this end, employees and executives of Mazars Denge share their time and resources efficiently and competently in areas where they can make a tangible impact.

Luminescent Fungus

✦ AYMMO - Chamber of Certified Public Accountants of

✦ TÜSİAD - Turkish Industry and Business Association

Ankara; Board-level representation

Mazars Denge is an active member of TUSIAD, and is

✦ BDD - Independent Audit Association

represented at the CEO level. Mazars Denge has been the gold

IT Services Director Ateş Sünbül has participated in a number

sponsor of TUSIAD’s “These Young People Have the Potential!

of seminars as representative of the Independent Audit

project since the 2016-2017 period.

Association

The CEO-level participation and contribution in the project

✦ BCCT - British Chamber of Commerce Turkey

has been extended to partner and director-level as well in

✦ CCI France Turquie

parallel with an increased focus on sustainability efforts.

✦ DEIK - Foreign Economic Relations Board

Mazars Denge CEO is a member of TUSIAD Audit Board,

and Mazars Denge also takes part in TUSIAD’s Information

(Asia-Pacifik and European Council membership)

✦ Endeavor - International network of effective entrepreneurs

Technologies and Innovation Group, Sustainable Development

CEO-level representation

Roundtable Meetings, and Entrepreneurship Roundtable

✦ GKD - Revenue Inspectors’ Association

Meetings

✦ GİMDER - Association of Revenue Administration Directors

✦ TURMOB - Union of Chambers of Certified Public

and Assistant Directors

✦ GYIAD - Young Executives’ and Businesspeople’s Association

✦ UFE - International Financial Management Institute

Tax Partner Dr. Numan Emre Ergin has participated in various

✦ YASED - International Investors’ Association

GYIAD seminars

✦ HUZV - Hesap Uzmanları Vakfı

Accountants of Turkey

Mazars Denge Board Member Taylan Baykut serves as an Audit Board Member at YASED

✦ İYMMO - İstanbul Yeminli Mali Müşavirler Odası ✦ SCC - İsveç Ticaret Odası Derneği

SUS TAINABILIT Y INITIATIVES

✦ Italian Chamber of Commerce in Turkey

✦ UN Global Compact

Participation in the Italian Chamber of Commerce in

✦ WEPs - Women’s Empowerment Principles

Turkey has increased with the establishment of

✦ ERTA - Integrated Reporting Turkey Network

the Italian Desk in 2017 ✦ Italian Chamber of Commerce in Izmir Represented by the Coordinator of the Italy Desk, and Izmir

Mazars Denge participated regularly at ERTA meetings and organizations, and has begun to support ERTA’s social media communication efforts

Partner of Mazars Denge ✦ TIDE - Institute of Internal Auditing ✦ TMUD - Expert Accountants’ Association of Turkey Mazars Denge Chairman Leon Aslan Coşkun and Mazars Group CCO Jean-Luc Barlet participated in various seminars and panels of TMUD

MAZARS DENGE’S SUSTAINABILIT Y APPROACH The concept of learning can be described as a change in an individual’s behavioral patterns, brought about by experience, education and training. The key factors of learning are perception, understanding and comprehension. Today’s economic reality and consumer society urge individuals to follow certain, common behavioral patterns. At the same time, concepts that form the core of the sustainability approach, such as long-term thinking, seeking the benefit of all stakeholders, and balancing economic interest with social and environmental impact, are yet to be understood and internalized by the majority of the society. Businesses have a great responsibility in promoting these concepts; however, competition, continuous growth and short-term gains, coupled with the fact that business performance is based solely on fiscal metrics, keep global enterprises on the traditional path, and as a consequence, away from the mission of raising social awareness on sustainability. At this juncture, sustainability reports are seldom more than marketing tools that do not reflect the true purpose of the organization, drawn up by corporate communications directors and/or external experts rather than the boards or CEOs, who prefer to avoid the effort due to a lack of familiarity, or conviction, in the concept. Realization of sustainable growth goals depends on the cooperation of all stakeholders involved, including governments, businesses, and particularly the society. Unfortunately, however, the society is hardly capable of fulfilling this role due to a lack of information in general, and the frequent misguidance that is prevalent across different media.

S U S TA I N A B I L I T Y F O R M A Z A R S D E N G E

Plankton

At this point, the essential role of businesses in promoting the concept of sustainability in the society is made obvious, given that more than one thirds of the working population is employed in public or private companies. For Mazars Denge, ensuring that the sustainability awareness is embraced by all employees across the enterprise is a crucial objective with respect to the company’s responsibility towards future generations, and this objective can only be achieved through employee training and experience-building. Such training activities include seminars and meetings, film screenings on the subject, sharing of articles and essays, and events carried out with relevant NGOs. In 2017, a number of training activities on sustainability were carried out at Mazars Denge offices, with two events taking place at the Istanbul office. At the same time, sustainability was discussed in detail at coordination and Executive Board meetings, as well as 14 CEO breakfast events, which were attended by 168 employees in total comprising 10 to 12 people groups from various departments. Other sustainability-related efforts included three film screenings attended by 46 employees, as well as various activities aimed at exploring the sustainable development goals. Yet, experience can only be attained through real-life examples that employees can identify with. Refusing to bid on a project that does not comply with the company’s principles of social benefit, or seeking permission of the other party to evaluate an external employee request received in a period of intensive audit can be considered as two such cases. As employee turnover is still comparatively high, it is crucial to maintain continuous training as well as the idea that experiences play a key role in business, with their impact on a variety of aspects from service quality to responsible income, corporate governance to employee development, and code of ethics to gender equality.

The community-related performance and environmental impact of businesses’ activities play a critical role in the effective continuation of their operations, as well as in the evaluation of their overall performance. This makes the coexistence of healthy ecosystems, social quality and corporate governance a prerequisite for corporate sustainability.

In parallel with its sustainability approach, Mazars Denge

The ethical standards of the audit industry broaden the scope

plans to carry out the following projects and initiatives in the

of responsibility to individuals within a society. In other

2017-2020 period:

words, the smallest error in a statement, full certification report or independent audit can mislead the layperson at the

✦ Create action plans based on the results of

extreme end of the chain of responsibility, demonstrating the

the“Employee Satisfaction Survey.” (2016- 2017)

deep sense of social responsibility our profession requires.

✦ Increase the average number of technical and

Similarly, this sense of social responsibility is an indicator of

competence-based training programs offered per

the interaction taking place among all stakeholders – clients,

person. (2017 onwards)

competitors, the public institutions we report to, professional

✦ Create fields of expertise in addition to the insurance

and other chambers, the state, educational institutions, NGOs

and automotive spheres; seek local support for

and - in the largest circle of all - individuals. This interaction

development as well as make use of Mazars’

endows everyone at Mazars Denge with a shared sense of

international reach. (2017 onwards)

responsibility, participation and effective communication,

✦ Review all service processes from an integrated

regardless of department, rank or seniority. In parallel with

economic, social, environmental and corporate

the ISO 26000 Social Responsibility Standard, Mazars Denge

management viewpoint and align them with

strives for the following to make the best of “reliability,” one of

the practical, dynamic and corporate principles of

the most important components of reputation:

sustainability. (2017 and first half of 2018)

✦Understanding the concept of social responsibility,

✦ Attach economic, social, environmental and corporate

✦ Exploring the relationship between social responsibility

governance-based success criteria to process output.

and our company’s characteristics,

(2017 and first half of 2018)

✦ Volunteering to take social responsibility initiatives,

✦ Ensure that those success criteria become performance

✦ Building confidence about social responsibility,

indicators in the long run for all teams, starting with

✦ Improving our company’s social responsibility actions

top management. (i.e. working with SPIs instead of

and practices, and

KPIs) (2018-2019)

✦ Creating an efficient social-responsibility

✦ Create an innovation-minded ecosystem across

communication infrastructure within and outside the

the company by making use of the expertise of our

company. A simple example of the company’s focus in the

newly founded strategic consultancy and IT services

area of sustainability is the two-day administrative leave

departments. Use the hybrid team projects of the tax

offered to all employees who wish to participate in social

and audit departments when creating that ecosystem.

responsibility projects.

(Q3 of 2017 onwards)

Mazars Denge is well aware of the difference between

✦ Establish a culture of entrepreneurship within the

“responsible income” and “problematic income” and considers

company. (2019)

it a social and professional duty to leave future generations

✦ Publish the company’s first integrated report.

with the legacy of a profession characterized by a firmly

(2019-2020)ESPONSIBILIT Y:

entrenched ethical code.

The Sustainability Ambassador, who is the CEO of Mazars Denge, has full responsibility and power to define and implement the company’s sustainability strategy. The core focus of the CEO is to create awareness for embracing a sustainability approach, starting from top management. The Sustainability Committee, established by the CEO in 2016 with the aim of publishing regular sustainability reports, has become a regular function of the company operating under the leadership of the CEO to improve and develop the

ORGANIZATION OF SUSTAINABILIT Y AT MAZARS DENGE

company’s existing processes. The Sustainability Communication Representative is responsible for integrating a sustainable perspective into

MA Z ARS DENGE SUS TAINABILIT Y REPRESENTATIVES

corporate culture and brand communication. This member ensures compliance with the principles of sustainability in

Mazars Denge Sustainability Committee convenes on a

all communication efforts and strives to develop solutions

weekly basis under the leadership of the CEO to determine sustainability strategies and implement sustainability policies across the company.

for long-term impact in their respective area, and is also responsible for preparing, publishing and distributing the sustainability report.

Dr. İzel Levi Coşkun

CEO

Sustainability Ambassador

Barlas Hünalp

Marketing Director

Sustainable Communication Representative

Simla Altunbay

Human Resources Manager

Employee Satisfaction and Development Representative

Celalettin Günçavdı

Budget & Reporting Manager

Budget&Reporting Representative

Doğan Ruben

Manager, AOS

AOS Representative

Gökçen Müftüoğlu Çapa

Financial Due Diligence Services, Leader

Advisory and Audit Representative

Hülya Yavuzcan Çolak

Tax Services, Senior Manager

Tax Services Representative

The Employee Satisfaction and Development Representative is responsible for ensuring employee satisfaction and development through the perspective of sustainability; integrating a sustainable perspective into corporate culture and extending it across the company, as well as preparing the sustainability report. The Budget and Reporting Representative is responsible for verifying that all company investments and expenses have adopted a sustainable approach, and for formulating the budget from a sustainability perspective. AOS, Audit and Tax Representatives are responsible for ensuring that the influence of the company’s sustainability efforts are integrated into the daily running of each department. They also play a part in turning departmental experience - as shared with others during weekly meetings into “best practices.” The Sustainability Ambassador and members of the Sustainability Committee collaborate in the areas of sustainability, social and environmental impact, occupational health and safety, human rights, sustainable methods of procurement, and anti-bribery and anti-corruption policies. 36

MARKETING AND COMMUNICATIONS DIRECTOR

SUSTAINABLE COMMUNICATION

AOS REPRESENTATIVE

INDEPENDENT AUDIT AND CONSULTANCY REPRESENTATIVE

TAX REPRESENTATIVE

DEPARTMENT REPRESENTATIVES

SUSTAINABILITY AMBASSADOR CEO

HUMAN RESOURCES

HUMAN RESOURCES MANAGER

FINANCE

BUDGET AND PLANNING MANAGER

White-Spotted Jellyfish (Phyllorhiza punctata)

S TA K E H O L D E R A N A LY S I S Flower Chafer (Cetoniinae)

Guided by its mission to create sustainable value for all stakeholders, Mazars Denge defines and periodically revisits all corporate priorities in accordance with stakeholder expectations, and employs these priorities as the basis of its corporate strategies. Stakeholders, situated at the heart of the companyâ&#x20AC;&#x2122;s approach to sustainability, use several different channels to convene as and when necessary, and Mazars Denge strives to continuously improve its sustainability performance in line with stakeholder feedback.

Stakeholder Group

Communication Channels Client visits and meetings; industry-specific meetings; seminars and conferences;

CLIENTS

client satisfaction surveys; corporate website (http://eng.mazars.com.tr/); social media accounts; offices; e-mail information; media; communication campaigns; client communication form; Sustainability report; annual report; mobile app Departmental meetings; management meetings; intranet; focus group meetings; talent

EMPLOYEES

management meetings; goal-sharing meetings; employee commitment and satisfaction surveys; Move&Mobility programmes; CSR projects; employee events; internal announcements; training activities; mobile app Annual shareholders meeting; Board meetings; periodical reports; corporate website

SHAREHOLDERS

(http://eng.mazars.com.tr/); social media; teleconference and e-mail correspondence; mobile app

SUPPLIERS

AUDIT, TA X , ACCOUNTING AND CONSULTANC Y INDUS TRY

COMPETITORS

PUBLIC INS TITUTIONS & REGUL ATORY AUTHORITIES

NGOS

UNIVERSITIES

MEDIA

PUBLIC

Corporate meetings; face-to-face meetings; tenders; corporate website (http://eng.mazars. com.tr/); periodical audits; e-mail; mail; phone; fax; mobile app

Industry union membership-specific meetings; corporate collaboration;

Professional meetings with other firms operating in the same industry; media monitoring; social media

Regular monitoring of reporting obligations and other forms of data flow as set out in the law and regulations; periodic review; meetings, forums and conferences

Joint CSR projects; project meetings; sponsorships; sustainability report; Corporate website (http://eng.mazars.com.tr/); memberships; mobile app

Conferences; sponsorship; career days; face-to-face meetings; scholarships; mobile app

Corporate website (http://eng.mazars.com.tr/); press releases; press conferences; social media; announcements; special reports and interviews; content collaboration; mobile app

CSR projects; sponsorships; press releases; sustainability report; events; corporate website (http://eng.mazars.com.tr/); social media; mobile app

After a review of the results from the stakeholder analysis of 2017, the Sustainability Committee carried out a number of workshop events to define the material issues of the company.

MATERIAL ISSUE 1: “GENER ATING SUS TAINABLE AND RESPONSIBLE INCOME” In addition to income continuity, Mazars Denge attaches importance to generating income in a manner that reflects its corporate values, and to the social and environmantal

M AT E R I A L I T Y A N A LY S I S

MATERIALIT Y AND STAKEHOLDER ANALYSIS

MATERIAL ISSUE 4: “CUS TOMER FOCUS & INNOVATION IN SERVICES” Mazars Denge’s core focus “Generating Sustainable and Responsible Income” forms the basis of the company’s communications with its clients. Mazar Denge’s commitment to customers, independent approach and sense of technical excellence are aimed at continuously improving client satisfaction. Mazars Denge keeps abreast of technological developments, and attaches importance to offering high-quality services to clients and making a difference with the technologies it has integrated into its services. MATERIAL ISSUE 5: “SUPPORTING SOCIETAL DEVELOPMENT” In line with its sustainability strategy, Mazars Denge believes that employees should attain awareness and knowledge on social, cultural and historical matters in addition to matters concerning their respective profession, and in doing so, broaden their horizon and become part of a learning organization. Mazars Denge considers society to be a stakeholder just like its employees and clients, and as such, it is driven by the goal of adding value to society by lending its support to NGOs operating in a wide variety of areas

outcomes and impacts of its services. MATERIAL ISSUE 6: “DISSEMINATING THE SUS TAINABILIT Y PERSPEC TIVE”

MATERIAL ISSUE 2: “RESPONSIBLE MANAGEMENT”

Mazars Denge endeavors to become a source of inspiration

Mazars Denge is driven by a set of “corporate governance

and knowledge to instill a sense of sustainability in all

principles” that cover fair management, transparency,

stakeholders, especially employees. To this end, the company

accountability and responsibility as required by the

conducts training activities, studies and other efforts that

responsible business approach it has adopted in line with and

reflect the importance of its sustainability perspective in its

as a result of its sustainability strategy.

business processes.

MATERIAL ISSUE 3: “SUPPORTING CONTINUOUS EMPLOYEE DEVELOPMENT”

MATERIAL ISSUE 7: “REDUCING ENVIRONMENTAL IMPAC T”

Having placed employee development at the center of its

Mazars Denge strives to play its role in the fight against

sustainability strategy, Mazars Denge aims to enhance

environmental issues, first and foremost climate change,

employee competence through investments in employee

and to minimize its own environmental impact. Accordingly,

satisfaction and development, which would yield high-quality

the company aims to raise employee awareness on global

and innovative services in the long run.

warming and methods to prevent it.

Tube Anemone (Anemona Tubicola)

Shareholder Emphasis

OTHER

TO BE FOLLOWED

CRUCIAL Supporting Continuous Development of Employees

Gender Equality and Women’s Empowerment

Customer Orientation

Reduction of Environmental Impact

Cultural Sustainability Innovation in Services

Responsible Use of Resources

Global Concerns

Generating Sustainable and Responsible Income

Work - Life Balance Generalizing the Sustainability Perspective

Cooperation with the Academia and Educational Institutions Employee Volunteerism

Responsible Management

Generalizing the Sustainability Perspective Influence on the business and the job itself

RESULTS OF THE MATERIALIT Y ANALYSIS

MATERIALIT Y MATRIX According to the results of the prioritization study that involved

The results of the materiality analysis of Mazars Denge

the participation of all Mazars Denge

stakeholders and top management reveal the following

stakeholders, the core area of focus was “sustainable and

material issues by stakeholder groups:

responsible income generation” overarching all other priorities. Within the scope of its sustainability strategy, Mazars Denge

E X TERNAL S TAKEHOLDERS

INTERNAL S TAKEHOLDERS (EMPLOYEES)

Supporting Continuous Development of Employees Customer Orientation and Innovation in Services Generating Sustainable and Responsible Income Supporting Social Development

Responsible Management

Generalizing Sustainability Approach Responsible Management

Supporting Social Development

Reduction of Environmental Impact

is trying to meet this goal by mobilizing its employees, clients, principles of corporate governance and values. In order to support its priority goals, Mazars Denge places an emphasis on a continuously innovative approach to services, intrapreneurship, generalizing the sustainability perspective, corporate volunteerism and creating a balance between work and leisure for its employees. Mazars Denge has always been committed to global issues, as demonstrated by its participation in the UN Global Compact. The company offers continuous support in ensuring gender equality, women’s empowerment, cultural sustainability activities, academic cooperation and reduction of environmental impact through its corporate practices and contribution to relevant initiatives.

Plankton

Mazars Denge is a people-, society- and environment-oriented company that aims to generate sustainable and responsible income by offering quality services, prioritizing employee satisfaction and development within corporate governance principles.â&#x20AC;?

M A Z A R S D E N G E â&#x20AC;&#x2122; S S U S TA I N A B I L I T Y S T R AT E G Y

Customer Relations Management

Responsible Income

E ALU V E BL A N RS AI LDE T O S EH N IE

Y LO

EES

Processes

VALUES

Employee Development & Learning Organization

TECHNOLOGY AND INNOVATION ECOSYS TEM

CORPOR ATE GOVERNANCE PRINCIPLES

THE SOURCE AND GOAL OF THE SUSTAINABILIT Y MODEL The vision of Mazars Denge is to become the most

Therefore, responsible income, employee development

prestigious company in the industry with an emphasis

and satisfaction, processes and customer relations

on reliable and quality boutique services. In other words,

management elements in the model predominantly lie

Mazars Denge aims to produce practical, highest quality

with the Human Resources Department that carries out

solutions to clients by establishing trust-based relations

activities to fulfill the requirements. One of the goals is

with a commitment to ethical values and combining the

to come up with comparative quality controls with the

international knowledge and experience of Mazars with

grading system developed by the Tax Department for quality

local elements. Excellence in technical know-how, people

control processes. In order to bolster freedom of expression

centeredness (people first), independence, honesty and

in the Independent Audit Department, assistants and

respect for diversity are company values that lie at the core of

senior assistants are invited to top level meetings of their

this vision. These values form the first link of the sustainability

department. Meanwhile, quoting, billing, accounting relations

model Employees who have served as top managers at

and collection processes are revised and rendered more

Mazars Denge for many years are aware of these values.

effective, to name a few. The main objective behind the model

However, under any circumstance, the underlined awareness

is to create sustainable values which require 4 critical stages:

of social, environmental and economic impact that results from committing to these values; is still at a low level.

✦ Redefinition of all operational processes within a

Similarly, employees with a shorter background in Mazars

perspective of corporate sustainability

Denge need time to comprehend what these values mean and

✦ Specification of Key Performance Indicators for

to become aware of the relationship between these values and

responsible income, employee development, processes

the corporate sustainability approach. Explaining, teaching,

and customer management, with no more than 10

helping embrace values; establishing connection between

indicators each.

one’s job and sustainability and applying this connection

✦ Establishment of a sustainable performance appraisal

entail a complex process. Both top management and Human

infrastructure from partners to assistants, compatible with

Resources and Marketing Departments bear a significant

the 2nd phase.

burden in terms of tailoring solutions for employees in the

✦ Development of an internal control mechanism with

said process. Tailoring involves the experience level of the

advanced technology that renders the system productive

employee, the business culture of their previous workplace

and efficient.

(if applicable) and whether their own values dovetail with the values of Mazars Denge. Without a fair assessment, it is very difficult to understand the behavioral impact of these

In 2017, infrastructure work was done for the first 3 phases

teaching efforts on employees. In 2017, significant progress

which will feed the integrated report in the future. Key

was made in the said process that began with creating

indicators are specified and performance criteria are being

awareness, followed by training, establishing connection

noted. The company aims to complete the first 3 phases in

with sustainability and exhibiting the anticipated behavior.

2018 and to introduce the internal control system in 2019.

Meanwhile, in an effort to find out whether the model works properly, a performance appraisal system based on this model should be developed. The system needs constant monitoring and input with employee satisfaction surveys, termination interviews, stakeholder surveys and other activities.

Sustainability Training, Ankara

Happy New Year!

Yılbaşı Happy Hour

NGO Fair

SUSTAINABLE DEVELOPMENT GOALS

RESPONSIBLE CONSUMPTION AND PRODUC TION Mazars Denge is aware that education

In order to hand on a better world to future generations,

of individuals in the society and

Mazars Denge identified “Reducing Inequalities”,

entrepreneurship play a major role in transitioning from a consumption

“Responsible Consumption and Production,” and “Peace and Justice” as focus areas among Sustainable

economy to a sustainable economy. That’s why the company

Development Goals.

is involved in awareness activities in this field both within the company and outside, partnering especially with REDUCING INEQUALITIES

educational institutions and NGOs. Echoing TÜSİAD’s

To serve the goal of reducing inequalities

competition “These Young People Have the Potential”,

within and between countries, Mazars

Mazars Denge helps entrepreneurs acquire a perspective of

Denge contributes to maximum

sustainable development as early as at the ideating stage,

implementation of international

introduces them to concepts such as taking responsibility for

accounting and audit standards in

production and consumption styles of goods and resources,

Turkey, while striving to provide services to clients at the

calculating ecological footprints for every step, developing an

head office and the regions at the same level of quality. In an

awareness of local production and consumption and efficient

effort to contribute to the goal of reducing inequalities, expert

management of shared natural resources.

teams in Mazars Denge take part in professional technical committees to transfer their know-how and share knowledge, speak at national and international panels and seminars,

PE ACE AND JUS TICE

write columns in major media outlets, carry out practical case

Mazars Denge is aware that sustainable

studies in universities and other educational institutions,

development goals can thrive only in an

share videos on their area of expertise.

environment of trust created with peace, stability, human rights and law. That’s why the company strives to establish a fair and effective management model which ensures maximum freedom of expression within the company and participation of employees in various levels in managerial decisions, while making sure that potential conflicts of opinion and practice are solved with mutual persuasion. It is believed that the model will create impact on a micro level, set an example for other companies and play a role in societal transformation, while directly contributing to the creation of intrapreneurship and innovation ecosystem in an environment of trust.

Sustainability Training, Istanbul

M AT E R I A L I S S U E 1: G E N E R AT I N G S U S TA I N A B L E A N D R E S P O N S I B L E I N C O M E

There are five main components of Mazars Denge’s goal to Generate Sustainable and Responsible Income.

DEVELOPMENT INSTEAD OF GROW TH Mazars Denge knows very well that it is impossible to achieve limitless growth in a limited world. It is therefore a company that focuses on development rather than on growth. Growth is a quantitative concept. Development, meanwhile, is qualitative and involves many factors such as education, institutionalization, sharing, creating added value, quality, innovation and entrepreneurship. It is a concept that is related to the investment in humans and the environment. Mazars Denge’s definition of sustainability is geared towards transforming the consumption-based economic growth model that concentrates “interest” into one that “generalizes” sustainable interest where stakeholders, nature and the society all benefit from it. In a sense, this depends upon balancing economic gains with social and environmental impact within a corporate order. In 2017, Mazars Denge carried out activities to serve the purposes of responsible income. These include boosting the number of female managers, increasing the frequency of professional and competence training programs, introducing quality grading, accepting no more than optimal number of tasks in busy periods and revision of customer selection criteria.

ETHICS In his book ‘Transient Caretakers: Making Life on Earth Sustainable,’ Mervyn King, IIRC Chairman, says, “Ethics is about how you make money.” At Mazars Denge, the perspective of ethics combines utilitarianism (utilitarian ethics) that creates multiple benefits with care ethics. Utilitarianism is a consequentialist theory which focuses on the results of an action. According to this theory, the most correct behavior is the one required by the action that creates maximum benefit. There are four dimensions of this theory, namely, the sphere of influence of this behavior that would create maximum benefit, its duration, its power or volume of impact and its probability. Sustainability perspective and utilitarian ethics stipulate for a behavior that seeks benefits not for itself but for the entire system.

Purple anthozoa

The theory of utilitarianism is based on the argument that the

order on a local level. To serve that end, rather than transferring

consequences of an action have a moral impact and therefore

services from the head office to local offices, due attention is

needs to create maximum benefit. Today, the influence

given to developing services from scratch in each local office.

of the theory can be seen in especially health and social politics. Meanwhile, according to “care ethics” developed by Carol Gilligan in early 1980s which is in contrast with other theories, points out to a feminine dimension rooted in carebased relationships between humans. The most important

TR ANSITION FROM A MONETARY MEASUREMENT SYSTEM TO A SUSTAINABLE MEASUREMENT SYSTEM

difference between the two theories lie in the fact that widely accepted, universal moral principles apply in utilitarianism

Aside from values measured in monetary terms, businesses

while moral particularism applies in care ethics. Therefore,

have crucial social and environmental impacts. Social and

there is no room for emotions in utilitarian theory as morals

environmental impacts, hitherto considered economic

are based on reason. In care ethics, meanwhile, rather than

externalities, have become scalable thanks to sustainability

individual autonomy, the emphasis is on bonds between

reports on environmental impacts. Accordingly, Mazars

individuals and emotional communication of these bonds.

Denge specifies key performance indicators for responsible

This approach is what lies behind Mazars Denge’s ethics. To

income based not only on monetary factors such as turnover,

name a few manifestations of this approach, the company

profitability, accounts receivable turnover rate but on other

considers competitors as stakeholders and therefore pays

data including rate of pro-bono service hours to total

due attention to client or employee transfers, avoids pricing

available time, social responsibility time per person and

policy actions that could harm the sector, makes available to

carbon emission per person. In 2017, the groundwork was

the entire sector the developments achieved with its technical

laid for the performance appraisal system infrastructure. In

know-how on the CAP program, abstains from bidding for

2018, the revision of the infrastructure will continue with an

project tenders that are believed to prove environmentally

integration of company goals. Both monetary data and social

detrimental despite significant economic gains they could bring.

and environmental factors will be scaled for both company

RESPEC T FOR THE LOCAL

goals and performance appraisals, forming the basis of a sustainable measurement system and therefore an integrated reporting system.

Mazars Denge is aware that “respect for the local” is another element that dovetails with the definition of sustainability.

EMPLOYEE RIGHTS

Contemporary consumption habits reduce costs thanks to a global scale economy, while the society and the nature bear

Mazars Denge upholds the principle “people first” which is in

certain amount of costs defined as external economic factors

line with the Working Conditions article on Global Compact

which are supposedly unscalable. Meanwhile, as if uniformity

and abides by legislation. However, the principle refers to a

in everything was beneficial in its own right, local elements

responsibility beyond these compliances. The responsibility

are destroyed. Similarity, singularity, same habits in different

in question involves many dimensions including improving

regions make it easier for businesses to create a target

the number of female managers, ensuring work-life balance,

audience and to shape and manage demands for certain

contributing to not only professional but cultural development

products and services. These factors also reduce costs of

of employees, respecting every form of diversity and difference

businesses. Mazars Denge, however, rejects the assumption

within the company including LGBTI people, ensuring the

that the desire to grow spurred by globalization is far more

participation of lower level employees in certain managerial

important than the protection of local qualities. According

decision making processes and creating an environment that

to the geographical development policy in line with this

encourages freedom of expression. Furthermore, biennial

perspective, certain basic values are adopted in local offices

satisfaction surveys will be generalized across all offices in

including the principle “people first”, quality, trust, customer

2018. The results of the said survey are carefully analyzed on

orientation, technical excellence while cultural differences are

departmental levels and necessary improvements are made in

respected and no intervention is made in daily tasks.

light of the feedback received. There is no mechanism in the

The goal is not to set up a centralized management system

company that impedes an employee’s access to the CEO in

but to share knowledge to promote the creation of a corporate

the event that they have a problem. 47

Mazars Denge is driven by a set of “corporate governance principles” that cover fair management, transparency, accountability and responsibility as required by the responsible business approach it has adopted in line with and as a result of its sustainability strategy. Corporate Governance Principles and Practices at Mazars: TR ANSPARENC Y In line with Mazars’ principles of international transparency, the independent audit company Crowe Horwarth has been auditing Mazars Denge since 2009. Results are consolidated and published on the Mazars website. ACCOUNTABILIT Y Mazars Denge aims to ensure stakeholder participation in defining important strategies connected with sustainable development that can impact organizational performance. The company also aims to provide reliable information and be accountable to its stakeholders. RESPONSIBILIT Y Mazars Denge understands that income generation is not the sole purpose of the company, but that it should also embody social and environmental responsibility while creating value for stakeholders. FAIR MANAGEMENT Mazars Denge expects management to embrace the principle of equality for all operations. All company operatives – including especially managers – must avoid putting their personal interests over those of the company, and must also avoid subjective or arbitrary decision-making.

M AT E R I A L I S S U E 2 : R E S P O N S I B L E M A N A G E M E N T

CORPOR ATE MANAGEMENT PRINCIPLES

CORPOR ATE MANAGEMENT STRUC TURE AT MAZARS DENGE The company’s top management consist of partners who lead teams, departments or offices. Within that framework, company partners have “managerial” and “functional” duties A partner can be a member simultaneously of both the Board and the Executive Board. Mazars Denge’s senior management uses a two-tier system. The Board of Directors consists of 6 members: 3 partners from Istanbul, 2 from Ankara and 1 from Bursa. The Executive Board consists of a total of 7 members. Four – one from each department– are from Istanbul, while Bursa, Ankara and Izmir have 1 member partner each. Currently, two members of the Executive Board are female.

Jellyfish

Mazars Dengeâ&#x20AC;&#x2122;s Stakeholder Appraisal in Four Basic Corporate Governance Principles Corporate Management Principles

All Stakeholders (Ave.)

Impact of responsibility in business

6.10

Impact of accountability in business

5.95

Impact of transparency in business

5.85

Impact of fair management in business

5.68

ORGANIZATIONAL CHART

QUALITY CONTROL

Cahit Yerci Tax Services Quality Assurance Partner A. Murat Demirtaş Independent Audit Quality Assurance Partner Eli Babani AOS Quality Partner

İSTANBUL

HEADQUARTERS SUPPORT

Sarah Coşkun Financial Affairs Partner Görgün Uçar IT Director Alber Amado International Reporting Director Celalettin Günçavdı Budget & Planning Manager Barlas Hünalp Marketing & Communication Director

AOS*

TAX

INDEPENDENT AUDIT

CONSULTANCY

M. Taylan Baykut AOS Leader

Mustafa Tan Tax Leader Executive Committee Member

Dr. İzel Levi Coşkun CEO & Independent Audit Partner

Neşe Ülkütan Corporate Finance Partner

Onat Erdoğan Independent Audit Partner

Pınar Derkazez Consultant Partner

R. Doğa Özsoy AOS Partner of the Executive Committee Hovman İmayhan AOS Partner Eli Babani AOS Partner

Sedat Kurdoğlu Tax Partner Erkan Yetkiner Tax Partner Ahmet Kartal Tax Partner Dr. Numan Emre Ergin Tax Partner Ferrah Sefer Kurdoğlu Tax Partner

Simla Altunbay HR Director

Sadiye Gönülkırmaz VAT Return Partner

A. Ulvi Akıllı Administrative Affairs Manager

Gökçe Gücüyener Transfer Pricing Partner Eli Levi Tax Partner

*Accounting Services

A.Murat Demirtaş Independent Audit Partner Nesli Erdem Independent Audit Partner

Kerim Can Ertuğ Consultant Partner Şafak Şekeroğlu Internal Control Services Director Ateş Sünbül IT, Audit, Security, Consultancy Services Department Leader Gökçen Müftüoğlu Çapa Special Financial Analysis Department Leader

YÖNETİM KURULU

Leon Coşkun Chairman of the Board

Dr. İzel Levi Coşkun CEO Chairman of the Executive Committee

ANKARA

BURSA

R. Uğur Kaylan Tax Partner

Şevki Boran Tax Partner

A. Şahin Savcı Tax Partner

Nazan Boran Tax Partner Member of the Executive Committee

Taner Altan Tax Partner Member of the Executive Committee

R. Uğur Kaylan Tax Partner

DENİZLİ Mehmet Erdoğan AOS Partner

Şevki Boran Tax Partner

M. Taylan Baykut AOS Partner

GAZİANTEP Mehmet Kalkınoğlu Tax Partner

A. Şahin Savcı Tax Partner

İZMİR Anıl Taşkoyan AOS Partner

Emre A. Dişpençe Independent Audit Partner

Emre Yayla Tax Partner

Ghost Fungi (Omphalotus Nidiformis)

ETHICAL PRINCIPLES

QUALIT Y CONTROL SYSTEM

Mazars Denge has created policies and procedures providing

Quality Control Standard I (QCS I) on Quality Control for

reasonable assurance that the company and its employees will

Independent Audit Companies and Independent Auditors

follow relevant rules of ethics. Our fundamental principles of

for the Auditing of Financial Tables and Other Assurance

ethics as set out in those policies and procedures include the

Engagement, published by the Turkish Public Oversight,

following:

Accounting and Auditing Standards Authority regulates

✦ Honesty

the liabilities of audit companies regarding quality control

✦ Impartiality

systems for the independent auditing and review of financial

✦ Professional competence and diligence

statements, other assurance audits and all other related

✦ Confidentiality

services.

✦ Professional conduct

The purposes set out by the QCS 1 are: ✦ To ensure the company and its employees meet professional standards and comply with the legal and

Mazars Denge’s other professional ethics policies and

other regulatory provisions in force.

procedures are available under “MQAM – 2.1 Independence

✦ To set up and maintain a quality control system

and Objectivity,” “Mazars Risk Management & Quality

that provides reasonable assurance that the reports

Manual – Ethics.” “Mazars Code of Conduct for Objectivity

prepared by the company are in line with the existing

and Independence” (CCOI), prepared in line with IFAC-

circumstances.

IESBA’s “Code of Ethics for Independent Auditors” is available in the Tax Services Quality Handbook and the section on the

Mazars Denge’s quality control system contains policies and

Code of Ethics in the same document.

procedures prepared in consideration of the following: ✦ Responsibilities of the leadership within the audit company ✦ Relevant ethical provisions ✦ Acceptance and maintenance of customer relations and inspection contracts ✦ Human resources ✦ Conduct of inspections ✦ Monitoring As a member of Mazars Group, the company is obliged to comply with the “Mazars Quality Assurance Manual” (“MQAM”), a document also compatible with QCS I.

Sympodium Polyps

LONG-TERM RELATIONS WITH CLIENTS

COMMENTS FROM SUPPLIERS: Has Mazars Denge’s Corporate Sustainability Report affected the way you work with Mazars Denge?

To be able to establish long-term corporate relationships, Mazars Denge takes extra care to serve clients that have

Aykut Arıkan PrintCenter – Sales Manager

embraced similar corporate values. The environmental and social impact of the operations of clients during and

The content of the report made us aware of how rigorous we need to be.”

beyond the client evaluation phase plays an important role in maintaining relationships with clients. It is important for Mazars Denge that clients support social responsibility

Ömer Çakallı Tam Otomatik – Founding Partner

activities and carry out sustainability work.

Above all, the report increased our awareness of what next generation company management looks like. Thanks to the report, we contributed higher to environmental conditions as a company and become more transparent towards our employees. We have started to pay more attention to carbon emissions by fuels we purchase for our cars.”

SUPPLY CHAIN MANAGEMENT It is important for Mazars Denge that its suppliers act in accordance with the fundamental principles it set forth. Mazars Denge’s Principles from Suppliers ✦ Respecting human rights and not being complicit in human rights violations ✦ Supporting employee freedom to unionize and collective bargaining rights ✦ No forced labor ✦ No child labor ✦ No discrimination in recruitment and placement ✦ Environmental consciousness; commitment to environmental protection with regard to goods and products ✦ Fighting corruption in all forms, including bribery and extortion ✦ Availability of proper work environment and facilities It is important for Mazars Denge that suppliers meet the “environmental,” “social” and “legal” criteria set out in Annex 1. These criteria are a part of the supplier contracts. Mazars Denge pays attention to how its suppliers support social responsibility activities and carry out sustainability activities. 53

Ensuring gender equality within companies is a major element highly regarded in sustainability strategy. A high level of female representation in top management demonstrates how sensitive our company is on this issue and how important it is considered. As an employee of Mazars Denge, I do feel the importance given to gender equality and I hope activities to serve this end will continue. Mehtap Kızıltaş Accounting Services - Supervisor I am very happy to be working in a company that is aware of how employees contribute a lot to the quality of service provided. As an employee that does not only seek profits, considers its mission to be sensitive to humans and to the environment and carries out operations with that in mind, I sincerely hope that we will experience similar achievements in the future.

Box jellyfish (Cubozoa)

M AT E R I A L I S S U E 3: SUPP ORTIN G CONTINUOUS EMPLOYEE DE VELOPMENT

Dina Altaymerkit Advisory – Assistant

SUSTAINABLE HUMAN RESOURCES STR ATEGY AND POLICIES The fundamentals of Mazars Denge’s human resources strategy, which is aligned with the company sustainability strategy centered on employee development, are to: ✦ Attract those of the most talented individuals who fit in with the company’s values and culture, and are eager to learn; ✦ Create a learning environment supportive of the professional and personal development of employees; ✦ Set up an ecosystem and career possibilities in which employees can unlock their innovative and creative potentials, supported with a participatory management approach. ✦ Ensure an environment in which employees regard Mazars Denge as their own company, improve themselves and the company with an entrepreneurial perspective. Mazars Denge develops HR policies to fulfil its vision of “being the most reputable firm in the industry” based on this strategy. These HR policies are as follows: ✦ help spread the company’s sustainability strategy throughout the company and its stakeholders through practices allowing all employees to embrace and internalize that strategy; ✦ aim to improve women’s employment and development; ✦ develop HR policies that enable teams “to shape the future” with individuals and managers that are dynamic, committed to each other, highly competent, believe in continuous development and set a model with their expertise and values.

EQUAL OPPORTUNITIES AND RESPEC T FOR DIVERSIT Y

RECRUITMENT AND PLACEMENT Mazars Denge aims to place the right candidate in the

Mazars Denge adopts a principle of “equality” in all HR

right job and ensure fair wage. From recruitment onwards,

processes including recruitment, promotion, training and

the company upholds sustainability principles in all of its

development and career management. Mazars Denge expects

processes which is an utmost priority. Efforts are made to

its employees to respect human rights, ethical values and

make sure the HR and other departments use competence-

differences and to have an awareness of social responsibility

based interview techniques more effectively and that

and sustainable development. The company manages

platforms and networking activities are integrated into the

recruitment practices with those in mind.

processes, in addition to standard recruitment tools.

Different perspectives and cultures come together in harmony, creating the inclusive and unifying corporate culture of Mazars Denge. Attention to differences is given

PERFORMANCE AND CAREER MANAGEMENT

during recruitments as well. Mazars Denge employees hold undergraduate and graduate degrees from 42 universities

The careers of employees are planned on the basis of

across Europe, America and Asia and serve in 10 languages.

performance appraisal results and their development is supported. According to plan, certain activities will be complete in 2018. These include supporting the Performance

Lara Belevi Marketing and Corporate Communications – Supervisor No matter how much you love Istanbul, it is not that easy to start your day away from your own country.... I come from a multicultural family and have grown up with a diversity of cultures, experiences and perspectives. This taught me tolerance and how enriching it can be when various Mediterranean cultures come together. When I joined Mazars Denge, I found myself among similarly international identities. It was a lovely surprise for me. I gained a new family. It is a great privilege to say hello in four different languages from the moment you enter the office until you reach your own desk. This is the most enriching part for me. I feel not only luck but proud to be a member of such family.

Appraisal System with top-to-bottom goals depending on various areas of focus and work manners of departments, taking a practical approach and carrying out midterm appraisals at shorter intervals, thereby monitoring and facilitating the development of employees all throughout the year with the feedback of such midterm appraisals.

MAZARS DENGE OCCUPATIONAL HEALTH AND SAFET Y POLICY Mazars Denge lays emphasis on the health and safety of its employees. Therefore, the company manages occupational health and safety activities diligently, paying special attention to the issue at training programs. Health Insurance Policy: Until the end of 2017, Mazars Denge granted private health insurance to employees who completed one year of service in the company. From the first quarter of 2018 onwards, all employees will be entitled to private health insurance.

HUMAN RESOURCES INDICATORS

45.1

54.9 Number of Female Employees: 152 (%45.1) Number of Male Employees: 185 (%54.9) Total Employees: 337

EMPLOYEE DIS TRIBUTION BY AGE AND GENDER Gender / Age

18 - 30

31 - 50

50 +

Total

Female

152

Male

185

Total Employees

158

157

337

46.88% 46.59%

6.53%

100%

Total (%)

AVER AGE LENGTH OF SERVICE BY REGION (YE ARS) Region

Average Length of Service

Employees

Istanbul

245

10.9

Ankara

9.8

Bursa

14.5

Gaziantep

11.0

Denizli

24.8

İzmir

9.3

Total

337

11.0

EDUC ATIONAL BACKGROUND AND DIS TRIBUTION BY GENDER

We aim to increase the number of women in top management to 30% - 35% by 2020. We also aim to increase the number of female managers to 45%-50%.

Educational Background/ Gender

Female

Male 0

114

131

245

152

185

337

PhD Master’s Degree Undergraduate Degree Associate Degree High School Primary/ Middle School Total

Total

EMPLOYEE DIS TRIBUTION BY TITLE AND GENDER Female

Position-Title / Gender

Male %

Total

Top Management, Director & Department Manager

20.41%

79.59%

Senior Manager, Manager, Asst. Manager

35.42%

64.58%

Supervisor, Expert, Junior Expert

49.32%

50.68%

Assistant, Senior Assistant

53.69%

46.31%

149

50.00%

152

45.10%

185

54.90%

337

Janitorial Services Total 56

Ghost Fungus (Omphalotus Nidiformis)

EMPLOYEE DIS TRIBUTION BY REGION AND GENDER Female

Bölge / Cinsiyet

Male %

Total %

İstanbul

114

46.53%

131

53.47%

245

72.70%

Ankara

40.32%

59.68%

18.40%

Bursa

50.00%

4.75%

Gaziantep

33.33%

66.67%

0.89%

Denizli

0.00%

100.00%

1.19%

İzmir

57.14%

42.86%

2.08%

Total

152

45.10%

185

54.90%

337

100.00%

EMPLOYMENT T YPE AND CONTR AC T OF SERVICE BY GENDER Type of Work Type of Employment

Contract of Service

Female

Male

Total

Grand Total

Full Time

151

181

332

Part Time

Permanent

151

185

336

Temporary

EMPLOYEES ON MATERNIT Y LE AVE AND R ATE OF RETURN DURING REPORTING PERIOD 3 female employees left for maternity leave and 5 male employees for paternity leave during the reporting period. 3 female employees who had left for maternity leave in

337

NEW HIRES AND EMPLOYEES LE AVING IN 2017 BY AGE Age

18-30

31-50

51+

Total

Hired

125

Leaving

the previous reporting period returned at the end of their maternity leave in the reporting period also returned at the

NEW HIRES AND EMPLOYEES LE AVING IN 2016 BY GENDER

end of their leave. One employee is still on maternal leave.

Female

Male

Total

Hired

125

Leaving

maternity leave, while 2 female employees who had left for

No employees resigned in the 12 months after returning from maternity leave.

Flower Chafer (Cetoniinae)

Beetle Firefly

MAZARS DENGE EMPLOYEE SATISFAC TION AND DEVELOPMENT

TR AINING PROGR AMS Compared to 2016, Mazars Denge significantly increased total training hours in 2017. In 2016, total training time was

Employees are at the center of Mazars Denge’s sustainability

3.368 hours, average training time per employee was 10.46

strategy. The company carried out “Employee Commitment

hours. In 2017 meanwhile, total training time rose to 10.544

and Satisfaction Survey” to find out about the opinions

and average training time per employee to 31.29 hours. In

of its employees and identify their priorities and areas of

2017, average training time per employee in the head office

improvement. Mazars Denge devised action plans based on

was 40.08 hours, hitting the 40-hour target. All across Mazars

the feedback from the survey. While the company continues to

Denge offices, total training time increased by more than

follow up with ongoing activities, Employee Commitment and

200%. In 2018, it is expected that average training time per

Satisfaction Survey will be conducted again in 2018.

employee all across Mazars Denge offices will reach the goal of 40 hours.

2016 2017

29.13

31.29

33.92

36.80

40.08

40 hours

4.09

10.63

10.27

7.89

2.47

13,85

10.46

12.97

22.06

0 Average Training Average Training Average Training Average Training Average Training Average Training Average Training Hours per Hours per Hours per Hours per Hours per Hours per Head Hours per Employee Employee Employee Employee Employee Office Employee Non-Head Office (Female) (Male) (Managerial) Employee (Non-Managerial)

Taxation-Related Goal Sharing Meeting With the "training expectations survey" held for its employees, Mazars Denge has learned about the fields in which the employees wish to develop themselves, and has built its

✦ Goal Sharing Meetings

training and developmental plans towards this end. In

Motivational meetings are held for each department

addition to the technical training programs offered, the

(Independent Audit, Tax) at the beginning or end of every

competency trainings, seminars and cultural promotion

year where the preceding year is reviewed and the goals and

programs aimed to increase employees' knowledge also on

strategies for the years ahead are shared with all employees.

non-technical issues, and create various fields of interest among the employees.

✦ Sustainability Meetings Mazars Denge holds corporate sustainability strategy

✦ Orientation Program

workshops, and corporate sustainability information and

All newly-hired employees attend a six-hour orientation

roadmap sharing meetings. Articles and studies about

program organized by human resources. All departments,

sustainability are shared with employees via e-mail.

depending on title, may be part of the orientation, which contains presentations made by the HR, Marketing and IT

✦ Training on Engaging in Business with China

departments. Within the scope of the orientation program,

Mazars Denge China Desk Coordinator Halil İbrahim Topal

newly-hired employees are informed about the sustainability

holds communication trainings for employees who are in

approach and sustainability practices of Mazars Denge.

contact with Chinese clients. The first part of the training provides information on the Chinese culture and Chinese

✦ On-the-job Training

clients, whereas the second part focuses on the basic

New employees attend a trainee and on-the-job learning

principles for communication with Chinese clients and crisis

program designed by their supervisors.

management.

✦ Professional Competence Development Training

✦ Internal Specialization Trainings

Employees are encouraged to obtain professional certification

Mazars Denge's internal trainers hold technical trainings

to increase their professional competence. Certificate costs

for employees when necessary. Independent Audit and Tax

are covered by the company, and employees are given

Departments' Technical Training Programs: Comprehensive

administrative leave to study for the exams.

technical trainings exceeding 40 hours per person are held, which address the latest developments in the legislation and

CPA Initiation Exam

Administrative leave of 3 days

which are designed in a manner to ensure that Mazars Denge

CPA Proficiency Exam

Administrative leave of 5 days

employees provide services to clients on the field in a more

KGK Independent Audit Exam Administrative leave of 3 days

qualified manner.

2016 Training Hours

2017

Average number of training hours per employee

Training Hours

Average number of training hours per employee

3,368

10.46

10,544

31.29

Average number of training hours per head office employee

3,131

13.85

9,819

40.08

Average number of training hours per non-head office employee

237

2.47

726

7.89

Average number of training hours per employee (Female)

1,592

10.27

5,156

33.92

Average number of training hours per employee (Male)

1,776

10.63

5,388

29.13

Average number of training hours per employee (Manager)

372

4.09

2,779

22.06

Average number of training hours per employee (Non-managerial)

2,996

12.97

7,765

36.80

✦ Independent Audit Technical Trainings:

Fatma Feyza Külekçi Audit and Internal Control – Senior Manager

Within the scope of 2017 Independent Audit Technical Training Program, comprehensive trainings, theoretical

“Mazars Denge is a visionary organization allowing career progression according to their employees' professional knowledge and capabilities, helping them to achieve their potential and providing committed support to its employees towards this end.”

lectures, case studies and role plays were offered under various headings such as accounting, independent audit principles and work schedule, documentation, financial reporting, analytical approaches, taxation and financial tools as required for independent auditing professionals. Incorporating the "cultural sustainability" approach of Mazars Denge into the training process, a trip was taken to

Ozan Çelik Accounting Services – Assistant “To me, being a Mazars Denge employee means working in a peaceful and friendly environment open to development. At Mazars Denge, providing consultancy services to companies from various industries helped me to gain the experience that was possible to be gained only in the long-run.

Çatalhöyük Exhibition in the accompany of a guide. Mazars Denge Audit Training

✦ MazarsU E-Learning Platform: Mazars Denge has switched to MazarsU e-learning platform, which is used also by Mazars Global and which has been revamped within the year. The trainings available on this platform, which include both educational programs and proficiency trainings, are offered in cooperation with LinkedIn Learning. Programs are offered in the fields of communication, collaboration, motivation, leadership, and

Sena Didem Ünal Tax Department – Senior Assistant “I embarked upon my carrier at Mazars Denge Ankara, and now I work in Mazars Denge Istanbul Office. Making use of its accumulated knowledge, Mazars Denge family offers people a proper and qualified professional life in future. Thanks to the social equality principle it follows, you feel valuable and self-confident."

personal development, and are also supported by videos. ✦ Mazars Global Trainings: The international trainings held by Mazars are participated by managers and experts of Mazars Denge.

PROMOTION AND COMPENSATION MANAGEMENT PRACTICES

INTERNATIONAL CAREER OPPORTUNITIES Employees are given the opportunity to work temporarily at Mazars offices abroad through Mazars Global’s Move & Mobility programs. In 2017, an employee at Manager level from Mazars Denge Audit Department was assigned

Employees are offered promotion and career development

for working at Mazars Netherlands Office for a term of 3

opportunities in line with the preliminary and year-end

months. An employee at Assistant Manager level from the

performance reviews performed on department basis.

Audit Department signed an agreement with Mazars UK. Our

Efforts have been spent for presenting the employees a more

new plans involve sending our colleagues who have worked

suitable environment for achieving their career goals both

for Mazars Denge for a certain period of time and who have

through promotions and salary optimizations carried out on

proficiency in a foreign language to our offices abroad, which

department basis. Mazars Denge will continue to improve its

mainly include France Head Office. These visits will prove

"performance-rewarding and potential-triggering" approach,

beneficial as our employees will have the chance to realize the

and offer all its employees development opportunities at the

impact of being a part of a global company.

company.

Coral Reef

Hakan Düzel Independent Audit - Assistant Manager

WORK - LIFE BALANCE

“The equality, right to speak and open-door policy at Mazars has helped me to work here for more than 5 years without ever getting bored. Our CEO is sensitive towards the development of the industry, the development of the industry professionals altogether and bringing ethical standards to high levels. In other words, he takes every opportunity to highlight all values inherent in the sustainability concept and I believe that this inspires all managers in Turkey. Benefiting from this positive environment, I will also have the chance to work at Mazar's London office in 2018.

MA Z ARS DENGE 40 TH ANNIVERSARY TOURNAMENTS ✦ 40th Anniversary Tennis Tournament ✦ 40th Anniversary Table Tennis Tournament ✦ 40th Anniversary Football Tournament ✦ 40th Anniversary Basketball Tournament ✦ 40th Anniversary Chess Tournament Mazars Denge employees had fun together and enjoyed quality time in the 40th anniversary tournaments governed by fair play.

TIME SPARED BY THE CEO FOR THE TEAMS Dr. İzel Levi Coşkun, Mazars Denge CEO, has allocated a large part of his time for efforts aiming to increase the efficiency of the Independent Audit Department in terms of work schedule and employee relations. The Department's cooperation with HR Department has been reinforced during this period, a midand long-term approach have been determined for planning, and a sharing environment has been established in a manner to ensure that the employees express themselves openly. Fourteen "CEO breakfasts" were held in 2017 for increasing the employees' awareness on the company's founding values, sustainability approach and practices, bringing together Dr. İzel Levi Coşkun, Mazars Denge CEO, with 168 employees to create an environment where the organization's employees can share their thoughts freely and comfortably.

Tanya Menzilcioğlu Accounting Services – Assistant "This kind of events in business life motivates employees, and foster the interpersonal communications. It made me so happy to participate in such an event." Servet Elibol – VAT Return – Specialist “... the real achievement was reinforcing the friendly relations and communication with the team in a manner to serve the purpose of the tournament.” Ahmet Kartal – Tax Department – Partner “It was a great pleasure for me to be among the youth and to compete with them.” Eşref Demir – Tax Department – Director "These contested tournaments allowed my colleagues working in different departments get to know each other and realize in which sports branches they had skills." Onur Kaymak – VAT Return – Expert “We had good time and had the chance to socialize with colleagues who newly joined the team and who work in different departments thanks to this event, and this felt really good as we had the chance to take a break from our hectic business schedule."

PHOTOGR APHY CLUB The Photography Club founded under the leadership of Ateş Sünbül, Leader of Mazars Denge IT Audit, Security and Consultancy Services Department, and Erkan Orhan, Accounting Services Senior Manager, held its first trainings. Euprymna Berryi

M AT E R I A L I S S U E 4: C L I E N T F O C U S & I N N O VAT I O N I N S E R V I C E S

Euphyllia Glabrescens

% Other

% Service

% Production

BALANCED DISTRIBUTION OF SENIOR ATTENTION ACROSS ALL CLIENTS From day one, Mazars Denge has always responded to every client need at the top management level. Mazars Denge partners and directors specially address client needs throughout the project, from preparation to completion.

With its 40 years of experience, Mazars Denge serves clients from almost all industries, although the automotive, insurance, information, energy, textile and food industries

BALANCE BET WEEN REAL NEEDS AND REAL SOLUTIONS

stand out from the rest. 35% of our clients are in manufacturing industries; 55% operate in service industries;

Mazars Denge’s responsible income generation principle sits

and 10% operate in other sectors.

at the heart of client relations. Mazars Denge offers its clients

The majority of the company’s more than 1,259 clients in 2017

only those services a client needs, and which it believes will

were either multinational corporations or companies based

help to improve a client’s business.

outside Turkey. This furnishes Mazars Denge with a second layer of international identity in addition to the identity it possesses by virtue of being a part of the Mazars network.

BALANCE BET WEEN TECHNICAL EXCELLENCE AND ETHICS

Mazars Denge’s relations with clients rest on the following four fundamental principles, each of which the company

Mazars Denge is aware that technical excellence is not

has afforded equal importance, allowing for balanced client

enough to meet client demands on its own. Commitment to

relations for 40 years.

ethical principles is a requirement, and the company aims to ensure that employees offer the best services by adopting an ethical approach.

BALANCE BET WEEN CLIENT SATISFAC TION AND LONG-TERM RELATIONSHIPS Mazar Denge’s commitment to clients, independent approach and sense of technical excellence are aimed at continuously improving client satisfaction. Mazars Denge believes that the longer-term business relationships it can establish by attaching utmost importance to client satisfaction contribute to the development of all the industries it serves. The

Nursen Bilak MSA – Mali İşler Müdürü I have been working with Mazars Denge for many years. Infact your corporate culture and values you contribute towards your employees have always been part of your way of sustainable business. As such, I have never felt as a mere client of yours, on the contrary; a colsultancy firm which I can trust and call on any occassion of hardship. Any journey Mazars Denge embarks on will sure be a successful one. I will be continuing to keep a track of your achievements.

company administers surveys on a yearly basis to inspect service quality. A survey was carried out in 2017 to measure client satisfaction.

2017 CLIENT SATISFAC TION SURVEY RESULTS

Meandrina

Was there sufficient contact with you and your team during the provision of our services?

9.25

How successful were we in avoiding interruption of your daily workflow during our work?

9.20

Overall, how satisfied are you with the quality of the services provided?

9.13

Were we quick enough in responding to your problems?

9.12

Would you recommend our firm to others?

9.08

How successful were we in following the timetable?

9.06

How likely are you to return to our firm in the future?

9.00

Did our services meet your expectations?

8.96

Did our team demonstrate its comprehensive know-how in your business and industry?

8.83

Please evaluate our services relative to the price.

8.11 10

Fatma Kapıyoldaş Accounting & Finance Director – Kirazlı Triko It is a great pleasure to know that there are companies such as Mazars Denge, which evaluates the present day with a different perspective, strives for continuing its production without dropping into despair and proving beneficial to the society, and has long-term and committed future plans. Following the sustainability principle from day one and proving its adherence to this principle with every step it takes, Mazars Denge continues its activities successfully for 40 years in a highly competitive and challenging industry. This is very promising and pleasing for the bright people of our country. I sincerely wish you further success with your works. Gülcan Yılmaz TaeuguTec – Chief Financial Officer Mazars Denge has been a very important solution partner for us, and we have worked with Mazars Denge on a "trust" basis for long years. The two most important elements of tax consultancy and audit are definitely "trust" and "ethical values". Reflecting these elements not only in its corporate identity but also in the working methods of its employees, a company issues a sustainability report in a period where our country goes through economically, politically and socially challenging times and in an environment of fierce price competition which makes it more difficult every day to do business. This is sufficient to prove that it fulfills the requirements of the present day, makes strong investments in future, fulfills its both social and occupational responsibilities in the long-run, and does not sacrifice its long-term future for its short-term benefits. Başak Öztürk Şerifhan Groupe Atlantic – Finance Director Our company has been working with Mazars Denge for 11 years from the very first day of its foundation. We are a member of Groupe Atlantic which has investments in 17 countries, and follows the group's both living and working principles in all aspects, and seeks these common principles in the business and solution partners it will work with in its each country of operation. Actually it was no surprise for me that Mazars Denge, which gives us confidence in all aspect and which is deeply committed to ethical values and attaches great importance to employee development and satisfaction, carried out professional studies in the field of sustainability and issued a globally valid report. In my opinion, Mazars Denge has been meeting all requirements of the sustainability concept for long years and thus has never sacrificed Turkey's high-quality growth despite the political, economic and industrial problems and crises for 40 years. I have no doubt that it will continue to lead by example in the field of sustainability primarily in its sector.

INNOVATIONS IN SERVICES AND NEW TECHNOLOGIES Both the fast pace of the developments in the IT technologies and the problems encountered in the face of the increasing volume of data related to accounting records of organizations subject to audit made digital transformation inevitable also in the auditing sector as is the case with various other sectors. Mazars Denge keeps abreast of technological developments, and attaches importance to offering high-quality services to clients and making a difference with the technologies it has integrated into its services. Accordingly, Mazars Denge conducts its tax and independent audits with the "CAP Audit" program, which utilizes technical infrastructure developed by Futurecom, and features content that has been shaped by the 40-year experience of Mazars Denge. The advantages of "CAP Audit" program can be summarized as follows: ✦ Mazars Denge provides services at a certain quality level in a manner to reflect the organizational culture during the audit. ✦ Auditors' capacity is increased. Carrying out all necessary audit procedures using CAP ensures that all auditors perform the same analyses within similar terms and with similar quality. ✦ Audit risk is minimized while risk-based audit performed. ✦ A computer-based audit system is used, and analyses are performed using clients' all data. ✦ All audits performed are comparable, traceable and subject to approval, and this prevents any action taken without the knowledge of the audit company. ✦ Audits performed are system-based rather than individual-based. ✦ All audits performed are archived, and this makes it faster to access information and documents and reduces archiving costs in terms of time and venue.

M AT E R I A L I S S U E 5: S U P P O R T I N G S O C I E TA L D E V E L O P M E N T

Tube Anemone (Anemona Tubicola)

As a signatory to the UN Global Compact, Mazars Denge is aware of its responsibility towards all stakeholders in all its business. Mazars Denge considers society to be a stakeholder just like its employees and clients, and as such, it is driven by the goal of adding value to society by lending its support to NGOs operating in a wide variety of areas. Some of the nongovernmental organizations and projects supported by Mazars Denge are as shown.

CULTURE

SOCIET Y ✦ Association of Peace and Solidary Ambassadors

✦ 500th Year Foundation

✦ Çocuklar Gülsün Diye

✦ Aktüel Archeology Magazine: The company has

✦ Endeavor Association

been sponsoring and acting as a consultant for Aktüel

✦ Hrant Dink Foundation

Archeology Magazine to support its publication since

✦ Good Cotton Practices Association

2012.

✦ KAOS GL (KAOS Gay and Lesbian Cultural Research

✦ Hasköy Turkish Karaim Jewish Foundation

and Solidarity Association)

✦ Association for the Protection of Cultural Heritage

✦ Cultural Awareness Foundation was supported through

✦ Turkish National Youth Philharmonic Orchestra:

the provision of pro bono accounting services. In 2017,

The company sponsors the Turkish National Youth

the association held 2 special Istanbul culture trips for the

Philharmonic Orchestra to support the education of young

employees of Mazars Denge.

individuals talented in music. TNYPO's Berlin concert

✦ Mor Çatı Women's Shelter

held as part of the Europe tournament was participated

✦ Community Volunteers Foundation - We Run for a

by 17 employees of Mazars Berlin office. This is a

Reason Project: The company helped over 100 university

significant development in terms of ensuring international

students receive social responsibility training with

participation in a local sponsorship event.

donations collected by Mazars Denge employees at the Intercontinental Istanbul Marathon. ✦ Amnesty International ENVIRONMENT

✦ Young Guru Academy (YGA) - Dream Partners ✦ Voluntary accounting and independent audit service is

✦ ADYSK (Prince Islands Life with Sea and Sports

provided for various associations and foundations other

Club Association); The events held by the association

than those listed above.

(forestation and sapling planting in Burgazada) was participated, and support was provided in various ways. ✦ Buğday Association

Doğan Ruben – Accounting Services – Director

✦ Çekül Foundation: In cooperation with the Çekül

“We may express good wishes for future every day, write our opinion, or post content on social media. We may criticize the governments and major capital owners that are in control of the world, complain about our status and easily blame the culprit of whatever we complain about. When we set all these things aside and wish to do something ourselves, we may then hesitate as we believe that our impact will not be enough for change. This is where non-governmental organizations are essential. Cultural, social and human values we wish to reach and maintain and the future we wish to shape must be more accessible with the impact created by people from all ages meeting on a common ground under the umbrella of various well-established organizations striving to achieve these targets. In this connection, it is very promising of Mazars Denge to provide the chance to meet the representatives of various distinguished organizations such as Amnesty International, ADYSK, Çekül and Tog and exchange opinions with them, make donations in their activities or participate in their projects, or engage in new joint projects with them."

Foundation, the company donates trees for every new employee and employees’ newborn children. Since 1994, Mazars Denge has planted more than 10,000 saplings in 9 Çekül sites. ✦ EKO IQ Magazine: The company has sponsored and offered pro bono consultancy to EKO IQ to support its publication. ✦ TURMEPA (Deniztemiz Association)

CULTUR AL SUSTAINABILIT Y In line with its sustainability strategy, Mazars Denge believes that employees should attain awareness and knowledge on social, cultural and historical matters in addition to matters concerning their respective profession, and in doing so, broaden their horizon and become part of a learning organization. Mazars Denge cares about cultural and artistic communication in the workplace as a means of sharing its sense of cultural sustainability with employees, clients and all other stakeholders vising the office. All meeting rooms at Mazars Denge Head Office are named after and use themes from ancient Anatolian cities. Works of contemporary art are displayed throughout our offices. Mazars Denge offers free-of-charge or lower-cost accounting and consultancy services to nongovernmental organizations and foundations to support them and enable employees to attend trips and seminars. Mazars Denge organizes regular historical and cultural learning trips along with meetings to increase knowledge of Turkey. Some examples are:

"FLOATING TAC TIC S AF TER A SUNKEN ISL AND" E XHIBITION Mazars Denge employees visited the "Floating Tactics After A Sunken Island" exhibition curated by Sibel Horada. “15. The neighboring event of Istanbul Biennial, "Floating Tactics After a Sunken Island" exhibition was opened. The exhibition consisting of the works of 11 women artists coming together upon the invitation of Sibel Horada (Hera Büyüktaşçıyan, Balca Ergener, Nazlı Gürlek, Evrim Kavcar, Didem Özbek, Yasemin Özcan, İz Öztat, Ülgen Semerci, Julie Upmeyer and Dilek Winchester) takes the participants to an island believed to have sunken following a series of earthquakes in the 11th century. Can this sunken island metaphor offer us an opportunity to consider floating tactics in an era of rising waters in which we witness a new earthquake every day? – Hurriyet.com.tr

CULTUR AL TRIP: "SEEING AND RE ALIZING" In the Fener-Balat trip held in cooperation with the Cultural Awareness Foundation, which started from Kadir Has University Cibali Campus and ended at Haralambos Holy Spring, Mazars Denge employees sought the beauties missed during the daily hassles of life and took photos, which are now exhibited on the meeting floors of the company. BIZ ANTINE AND OT TOMAN MONUMENTS FROM ZEYREK TO FATIH SOCIAL COMPLE X A cultural trip named "Bizantine and Ottoman Monuments from Zeyrek to Fatih Social Complex" was held in cooperation with Cultural Awareness Foundation. Mazars Denge employees had an enjoyable journey into Istanbul history during the trip that started from Fatih Mosque and ended at Küçük Mustafa Paşa Hammam featuring Hayri Fehmi Yılmaz, Art Historian and Member of Board of Cultural Awareness Foundation, as their guide.

Ç ATALHÖYÜK E XHIBITION Within the scope of 2017 Independent Audit Technical Training Program, a creative concept was designed for the first time in Mazars Denge trainings in order to increase employees' motivation and interest. Incorporating the "cultural sustainability" approach of Mazars Denge into the training process, a trip was taken to Çatalhöyük Exhibition in the accompany of a guide.

FABRIC/ATE E XHIBITION OPENING All Mazars Denge employees were informed on the Fabric/ate Exhibition held under the main sponsorship of Mazars Denge, and were invited to the exhibition.

Curated by Tuçe Erel, Fabric/ate exhibition brought together the works of Gili Avissar (Israel), Stephanie Müller (Germany) and Lisa Simpson (Brazil) between 11 September and 7 October 2017. The exhibition held in Schenidertempel also relates to the history of the venue. Having been used as a synagogue until 60's, the venue started serving as an art center following its renovation in 1999. The venue built by Ashkenazi tailors' association in the last era of the Ottoman Empire brought together the artists who made use of the tailoring profession in their artistic works. In addition to the site-specific installations, the “Duet of Amplified Sewing Machines” by Lisa Simpson and Stephanie Müller was joined by Şevket Akıncı and Defne Sandalcı from Istanbul, and the artists performed a 1.5-hour musical performance on the evening of 11 September 2017. Klaus Erich Dietl and Kaya Hacaloğlu also made contributions to the exhibition’s video works.

SUS TAINABLE LIFE FILM SCREENINGS The company, in partnership with Yaşam TV, has organized film screenings where films from the Sustainable Life Film Festival 2017 named "Collaboration on the Edge of a New Paradigm", "Target Zero" and "All the Time in the World" were shown.

The exhibition consisting of textile-based installations, photos, video and voice installations related to the historical nature of Schneidertempel Art Center. The exhibition opening held on 11 September was participated by 150 people, and the exhibition that lasted until 7 October was visited by total 510 people.

PRESENTATION OF RESULTS OF ARCHEOLOGIC AL SURFACE SURVEY OF TUNCELI PROVINCE Asst. Prof. Yasemin Yılmaz presented the results of Archeological Surface Survey of Tunceli Province. SUPPORT PROVIDED TO SUS TAINABILIT YREL ATED PUBLIC ATIONS Mazars Denge’s support to the magazines AKTÜEL CHINESE FILM FES TIVAL

ARCHEOLOGY JOURNAL, working with the motto of "Carrying Anatolia into the Future", and EKO IQ

The Chinese Film Festival co-organized by China Embassy in

MAGAZINE, the first green business and life magazine in

Ankara and Mazars Denge started with the screening of the

Turkey, continued in 2017.

movie "I Do (Wo Yuan Yi). Besides, the company became the sponsor of Life Films Festival. 69

SOCIAL RESPONSIBILIT Y PROJEC TS

Erhan Altunok – VAT Return – Assistant “We were especially satisfied to see the children give us a warm welcome and witness their happiness as they spent time with us. This project demonstrates what can be achieved altogether. I hope this movement will spread across the entire society, and a helping hand is given to everywhere and everyone in need."

One of the areas in which sustainability springs to life at Mazars Denge is responsibility awareness. Undertaking voluntary work and supporting non-governmental organizations underpin the company’s sustainability strategy within the scope of social responsibility awareness. Mazars Denge encourages employees to take part in social responsibility projects by offering them social responsibility leave each year. While the total time allocated by Dr. İzel Levi Coşkun, Mazars Denge CEO, to social responsibility projects in 2017 exceeded 300 hours, Mazars Denge allocated more than a total of 1,800 hours to pro bono services and more than 1,250 hours to social responsibility projects. 39 TH EUR A SIA MAR ATHON WITH THE

Tuğçe Bilgiç Accounting Services – Senior Assistant "I met the Community Volunteers Association thanks to Mazar Denge. The whole Mazars Denge family participated in the painting and playing with children event, and for me the happiest moment of event was the one when we saw the children smiling. I should confess that the events held by Mazars Denge helped me to realize some of my characteristics which I have never been aware of before." Mustafa Burak Aksoy Tax Department – Specialist

COMMUNIT Y VOLUNTEERS FOUNDATION Coming together with the aim of supporting the youth engaged in social responsibility projects from all over Turkey, Mazars Denge employees participated in the 39th Eurasia Marathon held in Istanbul on 12 November 2017, Sunday with a team of 15 people. Each of our employees who has participated in 1-month donation program held online before and after the marathon has had an active and fun "citizenship and volunteering" experience, and the community volunteer youth's social responsibility efforts were supported with the donations collected.

"What I still remember in relation to the event we held and what I also would recommend to my colleagues is witnessing the happiness of our little friends rather than what we have done in the event." Mertcan İskenderoğlu Independent Audit - Assistant “First of all, I would like to note that I am happy to be a part of an organization which truly and sincerely supports social responsibility projects rather than offering only "so-called" support. Even though we have our own busy work schedules, it gives spiritual peace to spend efforts towards charitable causes." Nur Özgüç Sak – Independent Audit Public Bodies Coordination Assistant

SCHOOL RENOVATION PROJEC T HELD IN COOPER ATION WITH THE COMMUNIT Y

"This project conducted in cooperation with TOG Foundation made me return to my childhood for the first time after a long time. It was one of the projects that made me happy the most and in which I was so happy to be involved. I really would like to do that once again. I wish everyone could see the world through eyes of a child..."

VOLUNTEERS FOUNDATION Mazars Denge family colored the walls of Bahadır Demir Middle School in Büyükçekmece in collaboration with the community volunteer youth. The employees and the volunteers also drew cartoon figures on the walls of the school

Melih Hasan Doğan Tax Department – Assistant Specialist

garden, and designed creative playgrounds together with children. "LET YOUR OLD PHONE MAKE TRUE #A WISH" PROJEC T The recycling project named "let your old phone make true #a wish" conducted in cooperation with the "I Have a Wish" Association aimed to make true the wishes of children, and within the scope of the project 67 non-used mobile phones owned by the employees and the company and 47 laptop computers owned by the company were delivered to the "I Have a Wish" Association via Özden Kancı, Tax Director of Mazars Denge. In this connection, Mazars Denge employees felt the joy of making true a wish of one child more. 70

"A child feeling happy in a break looking at one of our drawings on the wall or the fact that they will keep the tiny decorations we have created in the most beautiful part of their rooms is what means to me the most. Other than our responsibility towards the society, it was very nice to feel that we could also prove beneficial to the society with this kind of events."

"BRE A S T C ANCER AWARENESS" PROJEC T Mazars Denge Human Resources Department hang a poster on women's WCs telling them how they can perform their own breast examination and encouraging them to see a physician, and placed a breast model designed by Surgitate which they can touch and feel the hard spots inside, and thus aimed to increase awareness on this very common cancer.

ACADEMIC COOPER ATION ✦ Bilgi University– “Audit and Financial Due Diligence Services Seminar”: Head of Financial Due Diligence Services Gökçen Müftüoğlu Çapa and Audit Senior Manager Ercan Karakuş came together with the students at Finance and Banking Department of Bilgi University for a seminar on

✦ Koç University - The One Case Competition

audit and financial due diligence services.

(Sponsorship): Mazars Denge was the internship sponsor of the case competition participated by 32 participants from

✦ Galatasaray University – “Career Days”:

6 universities (Koç University, Boğaziçi University, Sabancı

Marketing Director and Human Resources Director attended

University, METU, Bilkent, İTU) selected according to their CV.

the career days and held one-to-one discussions with the students on their career choices.

✦ METU – “Tax Practices Seminar": Tax practices seminar was held at METU Technocity with the participation of Mazars

✦ Istanbul Ticaret University – “Career Days”:

Denge Partners.

Human Resources Director attended the career days, and offered advice to the students for their career choices.

✦ Okan University – “Future of Independent Audit in Turkey”: The "Future of Independent Audit in Turkey" panel

✦ Istanbul University - “Career Days”;

held by the Association of Independent Auditors (BADUDER)

Dr. İzel Levi Coşkun, Istanbul University graduate,

at Okan University was attended by Aziz Murat Demirtaş,

gave a lecture to the students on career.

Mazars Denge Audit Partner, as a lecturer.

✦ Istanbul University – “Industry Days of Faculty of

✦ Özyeğin University – “TÜSİAD This Youth is Brilliant

Economics”: Nesli Erdem, a graduate of Istanbul University

Project Training Camp”: TÜSİAD This Youth is Brilliant

and Mazars Denge Audit Partner, and Simla Altunbay, Human

Project's training camp held at Özyeğin University was

Resources Director, attended the Industry Days of Faculty of

attended by the CEO, Board Member and Marketing Director.

Economics of Istanbul University and made a presentation, and held one-to-one meetings with the students on their

✦ Trakya University – “Seminar on the Components of

career choices.

Quality Control System”: Aziz Murat Demirtaş, Partner in Charge of Quality, held a presentation on the Components

✦ Koç University - “Careers in Consulting Event”:

of Quality Control System at Trakya University. The meeting

Pınar Derkazez and Kerim Can Ertuğ, Strategic Management

which was attended by more than 50 students also enjoyed

Consultancy Partners, prepared a special case for the Careers

the participation of KGK Representative, various academicians

in Consulting event of Koç University, and made a group of 37

and industrial representatives.

students work on this case study. ✦ Yıldız Technical University - “Career Days”: ✦ Koç University – “Sustainability Career Panel”:

Marketing Director, Human Resources Director and China

Marketing Director Barlas Hünalp attended the Sustainability

Desk Coordinator attended the career days, and shared their

Career Panel as a lecturer.

opinion with the students.

M AT E R I A L I S S U E 6: D I S S E M I N AT I N G T H E S U S TA I N A B I L I T Y PERSPECTIVE

Fireflies

All employees from the assistant level to the managerial level are encouraged to act in line with the sustainability approach while making decisions in order to ensure that sustainable decisions are made on various issues from the selection of suppliers to the relations established with clients.

AWARENESS IS R AISED... A comprehensive communication plan has been implemented at Mazars Denge to ensure that the working method is based on sustainability approach. Exploration meetings and governance and coaching activities held at different levels since 2013 aimed to ensure that a sustainability approach

SUSTAINABILIT Y BEGINS TO TURN INTO A LIFE ST YLE...

is adopted first by the employees, the most important stakeholders of the company.

Governance activities aim to ensure that the managerial employees are informed on the sustainability efforts.

All employees from the assistant level to the managerial level

Through joint efforts with the senior management aiming

are encouraged to act in line with the sustainability approach

to create a sustainability model, managers carried out

while making decisions in order to ensure that sustainable

exploration activities to choose the most suitable model for

decisions are made on various issues from the selection of

the dynamics of Mazars Denge. Apart from these efforts,

suppliers to the relations established with clients.

a Sustainability Committee was established under the leadership of Prof. Güler Aras, which meets regularly on

Thus, general information was provided to Mazars Denge

weekly basis, and the Sustainability Consultant, the managers

employees on the concept of sustainability, and they were

of Marketing & Communication, Human Resources, Budget

guided as to how they can incorporate the sustainability

& Planning Departments and one middle-level manager

approach into their working method.

from the Tax, Audit, Accounting Services and Consultancy Departments spent efforts for adapting the sustainability

After the preparation for the corporate sustainability report

strategy to the company's business processes.

started, general briefings were held across the company, and after the report was issued, the report's importance

With the reorganization of the social events from the

and what it will add to the system were shared with internal

perspective of sustainability, this perspective was aimed

stakeholders through one-to-one communications, seminars,

to be reflected in all aspects of life. In this connection, the

social media communication and internal communication

events held with the aim of raising awareness on cultural

efforts.

sustainability include the Seeing and Realizing Trips held in cooperation with Cultural Awareness Foundation (KBGV) in order to preserve cultural heritage, whereas the efforts aiming to raise awareness on social sustainability include the New Year's event held with the aim of explaining the UN

SUSTAINABILIT Y TR AININGS Prof. Güler Aras, who guided the sustainability efforts of Mazars Denge, provided all employees in Mazars Denge Istanbul and Ankara Offices with sustainability trainings in order to share with the employees the sustainability approach and practices of Mazars Denge and raise awareness on the issue. eğitimleri vermiştir.

Sustainability Development Goals, the Sustainable Life Films Festival held at Mazars Denge, Çatalhöyük Exhibition trip held after the annual training of the Independent Audit Department and the sponsorship provided for the Sustainability Life Films Festival, as well as the meetings held with nongovernmental organizations in order to increase volunteer community efforts. The communication efforts are focused on sustainability approach. CEO meetings, sustainability trainings and interoffice communication campaign were held for internal stakeholders. CEO meetings started before the report was published, and allowed the CEO to directly provide the employees with information on the report preparation process, and gave the employees the chance to provide feedback. The sustainability trainings held in Istanbul and Ankara addressed the aspects to which attention should be paid while reading the sustainability report and telling about it to the other stakeholders. One of the objectives of these trainings was to develop the future's sustainability ambassadors. 73

Communication activities were carried out in frequently-used areas on Mazars Denge Sustainability Model, corporate governance principles and prioritized UN Sustainability Development Goals in order to reinforce interoffice communication. These communication messages were displayed in areas such as printing centers and aisles, and the communication messages shown on table mats used for meals and danglers used for the first time at the company integrated the sustainability communication into daily course of business. Turkish and English versions of the report were placed in meeting rooms, and a Chinese Summary Sustainability Report was also published for our Chinese clients.

Binnur Tanrıverdi Accounting Services – Director I am happy to work at a company having a history of 40 years, which stands out among its peers with the importance it gives to social responsibility projects and sustainability, which makes its employees feel this support and feel valuable, and which can raise awareness. Our awareness has been increased further after the first sustainability report, and we all observed the decisions made and their results together. I do believe that these efforts will inspire and lead others by example, and will offer us an opportunity to review what we can do individually about sustainability.

The communication messages shared on social media and website focused on sustainability efforts, and Turkey's first interactive Sustainability Report mobile app was developed in order to reach out the Generation Z and carry out the communication activities in an environment-friendly manner.

SUSTAINABILIT Y LESSONS ARE SHARED... Communications with the press focused on sustainability efforts. Only sustainability bulletins and interviews were published other than occupational bulletins and interviews.

Loic Wallaert Mazars – Country Offices Development Coordinator, Consultant for Board of Directors "İzel had an important leading position even long years before his report was published. We have talked with him about this for long years. According to me, this report is just perfect. This is because it addresses highly important issues for Mazars. Even though I am aware that this will mean a high work load, I believe this great initiative must definitely be continued as it perfectly reflects the DNA of Mazars.

The 13-part article series titled "A Corporate Sustainability Story" written by Dr. İzel Levi Coşkun, Mazars Denge CEO, for Dünya Daily Newspaper aimed to draw attention of senior managers in Turkey to the concept of sustainability and sustainability reports. The article series describe the experience of Mazars Denge as it wrote its first report. Managing personally all sustainability activities, Dr. İzel Levi Coşkun shared with the stakeholders the organization's experience related to preparation of the report in a truly transparent manner. More than 30% of the social media communication activities was reserved for sustainability efforts and the sustainability report. More than 60 social media posts out of over 200 posts shared in 2017 were related to sustainability communications. In conclusion, the rate of the publications related to the main field of activity was reduced to 70%, and thus efforts were spent towards explaining the sustainability approach to the industry.

Philippe Castagnac Mazars Global President “Forty years ago, Leon founded an extraordinary company in Turkey. Today we are happy to celebrate a first, but I am sure that we will also celebrate the fiftieth, sixtieth anniversaries and more. The 40th anniversary of Mazars Denge is a story about bringing together the skills..."

Crystal Jelly (Aequorea Victoria)

Mazars Denge takes into consideration the environmental impact of all its operations as well as the operations of its client and suppliers throughout its entire service cycle.

M AT E R I A L I S S U E 7: R E D U C I N G E N V I R O N M E N TA L I M PA C T

Mazars Greenhouse Gas Emissions (tCO2 equivalent)

2016

2017

2017*

Scope 1

88.50

116.70

174.25

Scope 2

242.30

237.00

335.14

Scope 3

133.00

200.12

232.65

Total tCO2

463.80

553.82

742.04

Total Scope 1 & Scope 2 Greenhouse Gas Emissions per Employee (tCO2e/person)

1.46

1.44

1.60

Total Scope 1 Greenhouse Gas Emissions per Employee (tCO2e/person)

0.39

0.48

0.55

Total Scope 2 Greenhouse Gas Emissions per Employee (tCO2e/person)

1.07

0.97

1.05

24 %

MA Z ARS DENGE HE AD QUARTERS

Scope 1: Fuel and Natural Gas Scope 2: Electricity Consumption Scope 3: Business Travels (Flights)

31 %

MA Z ARS DENGE İS TANBUL , ANK AR A , İZMİR AND DENİZLİ OFFICES

Waste Management

2016

2017

Change

2017*

Waste (ton)

14.69

15.20

0.03

15.20**

9.91

8.70

-0.12

8.70**

2,108.53

1,379.10

-0.35

2,726.97

2,079.00

1,345.00

-0.35

2,689.27

9.20

5.49

-0.40

8.43

29.53

34.10

0.15

37.70

0.13

0.14

0.08

0.12

Recyclable waste (ton) Water consumption (m3) Running water (m3) Running water / number of people (m3) Drinking water (m3) Drinking water / number of people (m3)

Note: 2016 and 2017 columns present greenhouse gas emission numbers of, Mazars Denge İstanbul (Head Quarters) Office. 2017* column numbers cover Mazars Denge İstanbul (Head Quarters), Ankara, İzmir and Denizli Offices. **: Waste and recyclable waste numbers belong only to İstanbul (Head Quarters) Office.

Environmental Indicators Electricity consumption (kWh) Electricity consumption / number of people (kWh) Natural gas consumption (kWh) Natural gas consumption / number of people (kWh) Diesel consumption (kWh) Diesel consumption / number of diesel vehicles (kWh) Gasoline consumption (kWh) Gasoline consumption / gasoline-powered vehicles (kWh) Total Energy Consumption (kWh)* Total Energy Consumption / number of people (kWh) Paper consumption (ton) Paper consumption per employee / number of people (ton)

C ARBON EMISSON AMOUNT PER VEHICLE Number of company vehicles increased by 56% from 2016 to 2017. Number of hybrid vehicles in the fleet, on the other hand, rose by 67% in 2017. In the light of these developments, although fuel consumption per vehicle increased, carbon emission per vehicle fell from 2.16 tons to 1.86 tons. ENERGY CONSUMPTION PER EMPLOYEE

2016

2017

Change

2017*

243,309.00

238,005.00

-0.02

323,101.55

1,076.60

971.45

-0.10

1,012.86

72,978.00

88,930.00

0.22

93,666.00

322.90

363.00

0.12

293.62

181,504.73

311,309.00

0.72

535,828.00

7,260.19

7,982.28

0.10

10,304.38

43,065.61

90,790.00

1.11

112,907.00

6,152.23

8,253.64

0.34

8,685.15

540,857.29

729,034.00

0.35

1,065,502.55

2,393.17

2,975.60

0.24

3,340.13

7.80

8.33

0.07

12.54

0.035

0.034

-0.07

0.040

2018 FORECASTS AND TARGETS: ✦ The vehicle market diversified, due to the diversification of the market in vehicle selection so the number of hybrid cars in Mazars Denge’s vehicle fleet is expected to increase too. As a result, we foresee that carbon emission amounts per vehicle will decline. ✦ When deciding which actions to take; calculating carbon emissions will also play a role among other factors

The anticipated increase in employee numbers was an average

such as cost, etc. Furthermore, Mazars Denge plans

of 3,1% for 2017, however, the actual number turned out to

to offset the carbon foot print of its operations by tree

be 8,4%. In 2017, square meters did not change. Same year,

donations.

energy consumption per employee rose by 24%. Vehicle fuels

✦ In addition to tree donations made on behalf of new

is one of the major reasons of this increase.

recruits and newborns of employees, this year we plan to make tree donations on behalf of our employees on

PAPER CONSUMPTION PER EMPLOYEE Paper consumption, despite the forecasted 12% growth, declined by -0.01% per employee in 2017.

special occasions too, such as new years etc. ✦ Through more intense communication efforts, we will increase awareness and sensitivity of our employees to bring down energy consumption per person.

WATER CONSUMPTION PER EMPLOYEE The significant decline of 35% in water consumption per employee in 2017 indicated the raised awareness of our employees. .

ANNEXES A N N E X 1: U N G L O B A L C O M P A C T PRINCIPLES AND MAZARS DENGE 78

Mazars Denge, in all the activities it supports and in its in-house practices, prioritizes the principles of “no discrimination in recruitment and job placement”, “supporting a precautionary approach towards environmental challenges”, “supporting all activities and initiatives that would promote greater environmental responsibility” and “fighting all types of corruption including bribery and extortion”, stipulated in UN Global Compact that Mazars Denge signed in relation to Sustainable Development Goals, within its sustainability strategy framework.

and respect internationally

Principle proclaimed human rights.

Make sure that they are not complicit in human

Principle rights abuses.

Businesses should uphold the freedom of association and the effective recognition of the right

Principle to collective bargaining.

Principle

All forms of forced and compulsory labor should be eliminated.

Child labor should be abolished.

Principle Discrimination in employment and job placement should be eliminated.

Principle

Businesses should support a precautionary approach to environmental challenges.

Businesses should undertake initiatives to promote greater environmental responsibility.

Principle Businesses should encourage the development and diffusion of environmentally friendly

Principle technologies. Businesses should work against corruption in all its

forms, including bribery and Principle extortion.

ANNEX 2: MAZARS DENGE SUPPLIER CRITERIA

1 2 3 4 5 6 7 8 9 10

Businesses should support

ENVIRONMENTAL ✦ Water and electricity consumption ✦ Carbon footprint ✦ Waste management (paper, plastic, glass, technologic waste sorting) ✦ Environment impact of products and services ✦ Awareness about using fewer materials

SOCIAL ✦ All our discrimination principles should be implemented by our suppliers too ✦ Ethics in all forms of business relationships ✦ Dedication to improving and developing employees’ competencies ✦ Contributing to campaigns and projects that support the welfare of society ✦ A healthy and safe working environment for suppliers’ employees ✦ Presence of an occupational health and safety officer ✦ Presence of an on-site physician ✦ Carrying out risk analysis and taking action accordingly at the work environment ✦ Presence of an occupational health and safety committee and employee representatives participating in the committee ✦ Number of work related accidents and occupational diseases

LEGAL PR AC TICES ✦ Regular salary payments, payroll review ✦ Ensuring that employees are not paid less than minimum wage ✦ Making sure annual leaves are used systematically ✦ Notifying related authorities about new employment and job terminations ✦ Making severance and notice payments ✦ Monitoring employment contracts ✦ Controlling maternity and breast-feeding schedules ✦ Child and forced labor should be avoided ✦ Freedom of ollective bargaining and forming labor unions

ANN E X 3: MA Z AR S D E N GE HUMAN RE S O UR C E S KE Y P E R F O R M A N C E I N D I C AT O R S A N D 2 018 TA R G E T S

HR FUNCTIONS/ PRIORITY AREAS

CORPORATE TRAINING AND DEVELOPMENT

PERFORMANCE MANAGEMENT

KEY PERFORMANCE INDICATORS

2016 ACTUAL

2017 ACTUAL

2018 TARGETS

Increase total training hours per employee ✦Increase technical/ professional, on-the-job training hours ✦Increase competence/personal development training hours

Average training hours per employee 10.46 hours

Average training hours per employee 31.29 hours ✦ Technical/Professional training: 25.73 hours/person ✦Competence/personal development training 5.56 hours/person

Increase average training hours per employee to 40 hours ✦Technical, professional training per employee shall be 25 hours - Competence/personal development training shall be 15 hours per employee

Measure each employee’s satisfaction level after every training program

2017 Target

General satisfaction rate 81.2% (2017 Target: 80%)

For each employee satisfaction level after every training program shall be at least 80%

Increase awareness on corporate sustainability

In 2016, awareness raising events on the level of managers have been organized, no employee training programs were delivered

Corporate sustainability training programs 1.25 hour/ person. (2017 Target: 1 hour/ person)

Corporate sustainability training programs shall be at least 1.3 hours/person

Attend to events such as seminars on culture, human rights, diversity etc., excursions and film screening organized within the company to raise awareness and share information

3 seminars, 1 film screening, 2 cultural excursions have been organized

Sustainability film screening: 3 cultural excursions: twice (Fener-Balat + Fatih), One Seminar on Constitution, sustainability seminars, NGO gathering, Tunceli Surface Research Archeology Seminar, TOG School Painting Activity (2017 Target: Organize at least 10 events)

Organize at least 15 in-house seminars, excursions and film screening event

Develop in-house trainers

2018 Target

For in-house and external training programs, for inhouse trainers competency training hour/person should be at least 5

Spread the use of MazarsU E-Learning Platform

2018 Target

Training program shall be delivered to at least 30 participants

Allocate more time for social responsibility

2018 Target

In 2017 Mazars Denge’s CEO allocated more than 300 hours of his time for social responsibility activities. Including mid-level and top managers this time goes up to 1.250 hours. Pro Bono service hours exceeded 1.800 hours.

In 2018 time spent for social responsibility efforts shall be at least 4 hours

Improve our performance system by adding measurement criteria suitable to our sustainability model.

2018 Target

These practices shall be implemented in the system and the system shall be continuously improved through "employee satisfaction surveys, exit interviews, stakeholder surveys”.

HR SYSTEMS

Update HR infrastructure in a way to faster respond to departments’ processes

2018 Target

Review competency based recruitment, Performance System, HR Policies and HR system infrastructures according to advancing technologies

Continue "We Hear You" practice, monitor the implementation of action plans.

2017 Target

✦At AOS and Tax Performance Evaluation period, one-to-one meetings were held with 75 employees to receive their opinions about how to boost motivation and improve performance. ✦At the end of September Independent Audit Department held its Monthly Meeting. ✦"We Hear You" communication box, where employees leave their comments has been reactivated.

In 2018, implement new assessment methods where technological solutions can be utilized, while receiving feedback from employees with the participation of Top Management.

Kick-off meetings for Independent Audit and Tax departments

One kick-off meeting for Audit Department was held.

✦Tax motivation meeting was held in March. ✦In the first two weeks of October, Technical Training about Independent Audit was delivered.

HR – Communication meetings with departments

2018 Target

Independent Audit , Tax and AOS departments shall meet twice a year and evaluate their needs through information sharing.

Develop collaboration with universities

Different types of collaboration was developed with various universities such as career days, internships, post graduate programs for employees.

Developed collaboration with 10 universities.

At least 10 events shall be organized to in the scope of collaboration with universities.

Maintain diversity

In 2016, women employees accounted for 48% of all employees.

In 2017, women employees accounted for 45% of all employees.

On one hand, we aim to bring the ratio of women employees up to 50%, while on the other hand we intend to increase quantitative and qualitative effectiveness of Mid and Top Level women executives.

Average length of service

In 2016, average length of service was 3.46.

In 2017, average length of service was 3.92.

Targeted average length of service for 2018 is 4 years.

Number of employees sent abroad as part of Mazars Global’s Move & Mobility program

No employees were sent abroad with Move &Mobility.

Exchange program took place with Mazars Holland and Mazars UK Offices.

At least one employee shall participate in Move & Mobility program every year

INTERNAL COMMUNICATION

EMPLOYMENT

CAREER PLANNING

A N N E X 4 : G R I G E N E R A L S TA N D A R D S C O N T E N T I N D E X

GRI STANDARD

SUSTAINABLE DEVELOPMENT GOALS

DISCLOSURE

GRI 101: COMPREHENSIVE GRI 102: GENERAL DISCLOSURES ORGANIZATIONAL PROFILE 102-1

Corporate Profile, p:19.

102-2

Mazars Denge provides all its services in accordance with its all national and international agreements. Mazars Denge fully complies with all regulation on marketing communication including advertising, promotions and sponsorships as well as all voluntary rules. Mazars Denge Services, p:26.

102-3

Istanbul, Turkey

102-4

Corporate Profile, p:19.

102-5

Corporate Profile, p:19.

102-6

Corporate Profile, p:19.

102-7

As of the end of reporting period, Mazars Denge serves with 337 employees working in 7 offices in 6 cities. Corporate Profile, p:19. Mazars Denge Services, p:26.

102-8

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

102-9

Supply Chain Management, p:53; Mazars Denge Supplier , p:79.

102-10

During the reporting period, no changes in size, structure, ownership status or supply chain took place.

102-11

Mazars Denge embraces the precautionary approach principle as set out in the UN Global Compact that the company signed as part of its sustainability strategy. In line with the same principle, Mazars Denge adopts policies and procedures stated in “Mazars Code of Conduct for Objectivity and Independence” (CCOI), which is compatible with IFAC- IESBA’s “Code of Ethics for Independent Auditors” and with “MQAM- 2.1 Independence and Objectivity”, “Mazars Risk Management & Quality Manual-Ethics”.

102-12

National and International Memberships, p:32.

102-13

Material Issue 5: “Supporting Societal Development”, p:66.

STRATEGY AND ANALYSIS 102-14

Board Chairman’s Message, p:10. ; CEO's Message, p:12.

102-15

Board Chairman’s Message, p:10. ; CEO's Message, p:12.

ETHICS AND INTEGRITY 102-16

Ethical Principles, p:52.

102-17

Ethical Principles, p:52.

GOVERNANCE 102-18

Material Issue 1: “Generating Sustainable and Responsible Revenues”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-19

Sustainability for Mazars Denge, p:34.

102-20

Sustainability for Mazars Denge, p:34. Organization of Sustainability at Mazars Denge, p: 36.

102-21

Sustainability for Mazars Denge, p:34.

102-22

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

102-23

Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-26

Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

GRI STANDARD

DISCLOSURE

SUSTAINABLE DEVELOPMENT GOALS

102-27

Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-28

Organization of Sustainability at Mazars Denge, p: 36.Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-29

Organization of Sustainability at Mazars Denge, p: 36.Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-30

Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-31

Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

102-32

Organization of Sustainability at Mazars Denge, p: 36.

102-33

Organization of Sustainability at Mazars Denge, p: 36.

102-34

Sustainability for Mazars Denge, p:34. Organization of Sustainability at Mazars Denge, p: 36.

102-35

Mazars Denge applies a compensation policy, that takes into account competitive conditions, for its managers and employees in all levels. Fair Compensation, p:55.

102-36

Fair Compensation, p:55.

102-37

Mazars Denge does not have any practices in this scope.

102-38

Fair Compensation, p:55.

102-39

Fair Compensation , p:55.

STAKEHOLDER ENGAGEMENT 102-40

Stakeholder Analysis, p:38.

102-41

There aren’t any collective labor agreements.

102-42

Stakeholder Analysis, p:38.

102-43

Stakeholder Analysis, p:38. Material Issue 4: “Client Focus & Innovation in Services”, p:62.

102-44

Stakeholder Analysis, p:38. Material Issue 4: “ Client Focus & Innovation in Services”, p:62.

REPORT PROFILE 102-45

Corporate Profile, p:18.

102-46

Materiality Analysis, p:40.

102-47

Materiality Analysis, p:40.

102-48

Materiality Analysis, p:40.

102-49

Materiality Analysis, p:40.

102-50

1 January 2017 - 31 December 2017

102-51

About the Report , p:8.

102-52

About the Report , p:8.

102-53

Contact Info, p:89.

102-54

About the Report , p:8.

102-55

GRI Standards Content Index, s:82.

102-56

No external audits took place.

DISCLOSURE

S. D. G.

ANTI-COMPETITIVE BEHAVIOR

ANTI-CORRUPTION

MARKET PRESENCE

ECONOMIC PERFORMANCE

GRI 201: ECONOMIC STANDARD SERIES 103-1

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-2

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-3

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

201-1

Mazars Denge contributes greatly to financial literacy due to the nature of its industry. Mazars Denge employees generate economic added value through the advisory services they provide for clients and through the experience they gain at other companies after they leave Mazars. Furthermore, Mazars Denge employees see it as a mission to teach financial literacy to entrepreneurs, students and people working at NGOs as it increases the economic added value they generate.

103-1

Corporate Profile, p:18. Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Corporate Profile, p:18. Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Corporate Profile, p:18. Material Issue 3: “Supporting Continuous Employee Development”, p:54.

202-1

Mazars Denge, applies a gender neutral compensation policy for all its employees, and pays an amount higher than minimum wage identified by the Minimum Wage Determination Commission established by the Ministry of Labor and Social Security. Fair Compensation p:55.

202-2

Mazars Denge’s senior management consists of Turkish citizens only.

103-1

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-2

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-3

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

205-1

Mazars Denge, in all its activities, acts in harmony with anti-corruption laws and regulations.

205-2

Sustainability for Mazars Denge, p:34. UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, p:53; Mazars Denge Supplier Criteria, p:79.

205-3

There has been no corruption cases reported during the reporting period.

103-1

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-2

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-3

Corporate Profile, p:18. Sustainability for Mazars Denge, p:34. Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

206-1

No legal actions pending or completed regarding anticompetitive behavior and violations of anti-trust and monopoly legislation have been reported during the reporting period.

MATERIALS

GRI 301: ENVIRONMENTAL STANDARD SERIES

ENERGY

A N N E X 5: G R I S P E C I F I C S TA N D A R D S C O N T E N T I N D E X

GRI STANDARD

103-1

Material Issue 7: “Reducing Environmental Impact”, p:75.

103-2

Material Issue 7: “Reducing Environmental Impact”, p:75.

103-3

Material Issue 7: “Reducing Environmental Impact”, p:75.

301-1

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12

301-2

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12

103-1

Material Issue 7: “Reducing Environmental Impact”, p:75.

103-2

Material Issue 7: “Reducing Environmental Impact”, p:75.

103-3

Material Issue 7: “Reducing Environmental Impact”, p:75.

302-1

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12 13

302-3

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12 13

302-4

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12 13

302-5

Material Issue 7: “Reducing Environmental Impact”, p:75.

8 12 13

S. D. G.

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

103-2

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

103-3

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

305-1

Material Issue 7: “Reducing Environmental Impact”, p:75.

3 12 13 14 15

305-2

Material Issue 7: “Reducing Environmental Impact”, p:75.

3 12 13 14 15

305-3

Material Issue 7: “Reducing Environmental Impact”, p:75.

3 12 13 14 15

305-4

Material Issue 7: “Reducing Environmental Impact”, p:75.

12 13 14 15

103-1

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

103-2

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

103-3

Sustainability for Mazars Denge, p: 34. ; Material Issue 7: “Reducing Environmental Impact”, p:75.

306-2

Material Issue 7: “Reducing Environmental Impact”, p:75.

103-1

Sustainability for Mazars Denge, p: 34.

103-2

Sustainability for Mazars Denge, p: 34.

103-3

Sustainability for Mazars Denge, p: 34.

307-1

No irregularities regarding laws and regulations on environment were reported at Mazars Denge during the reporting period.

103-1

Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

103-2

Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

103-3

Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

308-1

Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79. It is essential for Mazars Denge that all suppliers act in accordance with Mazars Denge’s Principles for Suppliers and compliance with these principles is monitored.

308-2

No current or potential environmental impact regarding suppliers was identified during the reporting period.

SUPPLIER ENVIRONMENTAL ASSESSMENT

EMISSIONS

103-1

EFFLUENTS AND WASTE

DISCLOSURE

ENVIRONMENTAL COMPLIANCE

GRI STANDARD

12 13 14 15

12 13 14 15 3

12 13 14 15

12 13 14 15 16

LABORMANAGEMENT RELATIONS

EMPLOYMENT

GRI 401: SOCIAL STANDARD SERIES

OCCUPATIONAL HEALTH AND SAFETY

12 13 14 15

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

401-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

401-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

401-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

402-1

Mazars Denge applies notice periods stated in Turkish Labor Law. No collective agreements were made at Mazars Denge during the reporting period.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

403-1

Occupational Health and Safety Committee, established according to our internal regulations, consists of an Occupational Health and Safety Expert, on-site physician, employer’s representative, employee representatives as well as an HR representative.

403-2

No work-related accidents, occupational diseases, lost days or absence took place during the reporting period.

403-3

No work-related accidents, occupational diseases, lost days or absence took place during the reporting period.

8 8

TRAINING AND EDUCATION DIVERSITY AND EQUAL OPPORTUNITY NONDISCRIMINATION FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING

CHILD LABOR FORCED OR COMPULSORY LABOR RIGHTS OF INDIGENOUS PEOPLES

A N N E X 5: G R I S P E C I F I C S TA N D A R D S C O N T E N T I N D E X

GRI STANDARD

DISCLOSURE

S. D. G.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54. ; Mazars Denge Employee Satisfaction and Employee Development, p:58.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54. ; Mazars Denge Employee Satisfaction and Employee Development, p:58.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.. ; Mazars Denge Employee Satisfaction and Employee Development, p:58.

404-1

Mazars Denge Employee Satisfaction and Employee Development, p:58.

404-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54. ; Mazars Denge Employee Satisfaction and Employee Development, p:58.

404-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54. ; Mazars Denge Employee Satisfaction and Employee Development, p:58.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

405-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

405-2

At Mazars Denge, employee salaries are determined in a gender-neutral manner. For more details on compensation policy Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

406-1

No discrimination cases were experienced in this current reporting period.

103-1

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-2

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

103-3

Material Issue 3: “Supporting Continuous Employee Development”, p:54.

407-1

No cases of violation regarding the right to association and collective agreement were identified during the reporting period. Mazars Denge protects the right to association and collective agreement of its employees, as set out by the law.

103-1

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

103-2

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

103-3

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

408-1

Mazars Denge has no risky activities regarding child labor. Suppliers are also monitored through various channels on this topic.

103-1

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

103-2

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

103-3

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

409-1

Mazars Denge has no risky activities regarding forced or involuntary labor cases. Suppliers are also monitored through various channels on this topic.

103-1

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

103-2

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

103-3

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge’s Supplier Criteria, p:79

411-1

There has been no violation cases regarding the rights of local communities, during this reporting period.

SOCIOECONOMIC COMPLIANCE

CUSTOMER PRIVACY

MARKETING AND LABELING

CUSTOMER HEALTH AND SAFETY

SUPPLIER SOCIAL ASSESSMENT

LOCAL COMMUNITIES

HUMAN RIGHTS ASSESSMENT

GRI STANDARD

DISCLOSURE

S. D. G.

103-1

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

103-2

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

103-3

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

412-1

UN Global Compact: Principles and Mazars Denge, p:79. ; Supply Chain Management, s:53; Mazars Denge Supplier Criteria, p:79

412-2

Mazars Denge Employee Satisfaction and Employee Development, p:58. During the reporting period, training programs focused on Human Rights topic.

103-1

Material Issue 5: “Supporting Societal Development”, p:66.

103-2

Material Issue 5: “Supporting Societal Development”, p:66.

103-3

Material Issue 5: “Supporting Societal Development”, p:66.

413-1

Mazars Denge supports many NGOs and projects in the context of corporate social responsibility practices.

413-2

Mazars Denge does not carry out any operations that would cause negative impact on local community.

103-1

Sustainability for Mazars Denge, p: 34. ; Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

103-2

Sustainability for Mazars Denge, p: 34. ; Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

103-3

Sustainability for Mazars Denge, p: 34. ; Supply Chain Management, p:53; Mazars Denge’s Supplier Criteria, p:79.

414-1

Supply Chain Management, p:53 ; Mazars Denge’s Supplier Criteria, p:79. It is essential for Mazars Denge that all suppliers act in accordance with Mazars Denge’s Principles for Suppliers and compliance with these principles is monitored.

414-2

Mazars Denge monitors all its suppliers through its Principles for Suppliers to avoid current and potential negative impact regarding labor practices. No such current or potential impact occurred during the reporting period.

103-1

Mazars Denge Services, p:26.

103-2

Mazars Denge Services, p:26.

103-3

Mazars Denge Services, p:26.

416-1

Mazars Denge Services, p:26. Sustainability for Mazars Denge, p: 34.

416-2

No incompliance cases were reported on this scope, during the reporting period.

103-1

Material Issue 4: “ Client Focus & Innovation in Services”, p:62.

103-2

Material Issue 4: “ Client Focus & Innovation in Services”, p:62.

103-3

Material Issue 4: “ Client Focus & Innovation in Services”, p:62.

417-3

No incompliance cases were reported on this scope, during the reporting period.

103-1

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-2

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-3

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “ Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

418-1

During the reporting period, no complaints about violation of customer confidentiality or loss of customer data were received.

103-1

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-2

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

103-3

Sustainability for Mazars Denge, p: 34. ; Material Issue 1: “Generating Sustainable and Responsible Income”, p:46. Material Issue 2: “Responsible Management”, p:48.

419-1

During the reporting period, no fines or sanctions were imposed regarding incompliance with laws and regulations.

419-1

During the reporting period, no cases of incompliance with laws and regulations regarding the supply and usage of products and services were reported.

1,2

S U S TA I N A B L E D E V E L O P M E N T G O A L S

CONTACT Mazars Denge Hürriyet Mah. Dr. Cemil Bengü Caddesi Hak İş Merkezi No:2 Çağlayan Kağıthane 34403 İstanbul, Türkiye www.mazars.com.tr marketing@mazarsdenge.com.tr +90 212 296 51 00 /company/mazarsdenge /MazarsDenge /MazarsDenge /MazarsDenge /MazarsDenge