Enerjisa Uretim, Istanbul, Turkey: Internal Audit Department Annual Activity Report

The 2021 annual activity report of the Internal Audit Department at Enerjisa Üretim was shared with all company employees and relevant executives of shareholders (Sabancı Holding and E.ON) via e-mail in June 2022. It is also uploaded to the department's intranet website page and is open to employees' continuous access.

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Enerjisa Üretim is the private sector electricity generation leader in Turkey. The Company has a 5% market share and 3727 MW installed capacity with 23 locations. There are approximately 350 processes within the Company, therefore it is important that the effective functioning of these processes be assured by the Internal Audit Department. As the Internal Audit Department, we act with the mission of creating value beyond the traditional audit approach.

In this report, as an indicator of this approach, we aimed to convey that we are a team together with all company employees and that we are a proactive team that both performs their profession well and participates in various projects and activities. The report includes information on audit outputs, annual results, studies on data analytics and process improvement. Also, you can see the positive impact of our work on the Company shareholders and all other stakeholders, with the principle that we pursue excellence for a better future. Unlike the traditional audit approach, we included social responsibility and process management projects, sports activities and achievements that we lead or support in addition to professional studies. We tried to reflect the outputs of our activities with meaningful messages and interesting visuals.

Please review the attached annual activity report. It is the first annual report prepared by the Internal Audit Department within the Company. Both English and Turkish versions of the relevant annual report have been prepared. In particular, positive feedback was received from Company shareholders regarding the design, image and content of the report. Readers stated that the internal audit activity, profession and other studies were conveyed with beautiful messages and that they encountered such a different approach for the first time.