MG International Fragrance Company Releases Its First Sustainability Report

Unveiling its inaugural GRI-aligned Sustainability Report, MG International Fragrance Company recorded TRY 8.87 billion in 2025 revenue and TRY 84.93 million in R&D spending alongside major energy and water efficiency gains.

International fragrance manufacturer MG International Fragrance Company has unveiled its inaugural Sustainability Report, prepared in accordance with GRI Standards, during a launch event at its Gebze facilities. Bringing together representatives from the business community, civil society, and academia, the report reveals that the company reduced energy consumption per unit of production by 45.4% compared to 2022 to 4.26 GJ/ton, and lowered water usage per unit of production by 21.2% to 3.95 m³/ton. All electricity consumption is certified with I-REC certificates, further supported by the rooftop solar power plant at the Gebze facility.

The launch event highlighted the company’s environmental, social, and governance (ESG) initiatives, its sustainable development approach, and its strategic priorities for the upcoming period.

Transparency and Corporate Responsibility in Sustainability

Legal and Compliance Director Seçkin Cemiloğlu stated that ethical principles, legal compliance, risk management, and corporate governance form the foundation of the company's sustainability approach, emphasizing that this mindset is an integral part of its corporate culture.

Sustainability and Business Ethics Manager Selma Meydan Mete noted that the inaugural sustainability report was prepared in line with double materiality principles. Mete emphasized that beyond showcasing ESG performance, the report serves as a key milestone that highlights strengths and areas for improvement, establishing a foundation for future measurable targets.

Sustainability from Scientific, Business, and Brand Perspectives

Academic and civil society leaders shared their insights on the green transition in the sector:

  • Prof. Dr. Filiz Karaosmanoğlu (ITU Chemical Engineering Faculty Member and President of SÜT-D): Highlighted the importance of managing the green transition in the fragrance industry through data-driven, measurable, and comparable indicators, noting that sustainability efforts should be addressed alongside economic resilience, employment, and corporate reputation, supported by industry-academia collaborations.

  • Konca Çalkıvik (Secretary General of BCSD Turkey / SKD Türkiye): Stated that sustainability has become a primary factor shaping corporate competitiveness, access to finance, investment decisions, and supply chains, stressing that reporting based on reliable data makes transition performance visible and strengthens stakeholder trust.

  • Semra Sevinç (Country Chair of Sustainable Brands Turkey and Co-Chair of Sustainable Business Network): Noted that sustainability reporting provides a strategic roadmap encompassing the entire organization. Sevinç added that the sustainability performance of B2B suppliers like MG International Fragrance Company directly supports their clients' brand value, where transparency and accuracy in communication are essential.

Additional Highlights from the Report

  • Biodiversity Conservation: A project conducted in Şile in collaboration with KuzeyDoğa Derneği recorded 118 bird species and approximately 400 plant species, identifying nine endemic species and five rare or endangered species. The initiative won the Biodiversity Category Award at the 2025 Sustainable Business Awards.

  • R&D and Innovation: The company’s 2025 R&D expenditure reached TRY 84.93 million. MG International Fragrance Company serves over 2,000 manufacturers with more than 110,000 active fragrance formulas.

  • Economic Performance and Exports: Generating TRY 8.87 billion in revenue in 2025, the company exported to more than 55 countries. It climbed 126 spots to rank 303rd in the Istanbul Chamber of Industry (ISO) Turkey’s Top 500 Industrial Enterprises survey.

  • Employee Development and Engagement: Direct headcount reached 404 in 2025, with an average of 44.8 hours of annual training per employee. Employee engagement and satisfaction stood at 89%, while the average gender pay gap was 4.29% in favor of female employees.

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