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Donations and Grants Policy

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CarrefourSA Carrefour Sabancı Ticaret Merkezi A.Ş. (CarrefourSA) may make donations and grants, including but not limited to, individuals, non-profit organizations, associations or foundations, universities, public institutions and organizations operating in the fields of education, culture, arts, environment and sports in line with its corporate social responsibility approach, within the principles specified in the Capital Markets Law and regulations. 

All donations and grants made with the decision of CarrefourSA management are made in accordance with CarrefourSA's vision, mission and policies and in the light of CarrefourSA's ethical principles and values. Donations and grants can be made in two forms, in cash and in kind. The total limit of donations to be made in an accounting period is determined at the General Meeting. In the light of the principles in the Donations and Grants Policy and the principles set forth in the legislation binding on the Company, CarrefourSA informs the shareholders of all donations and grants made in each accounting period at the General Meeting of the respective year with a separate agenda item. 

In the event that the donations and grants made by CarrefourSA within the framework of the Capital Markets legislation are at least 1% or more of the total assets of the last balance sheet disclosed to the public, or if the total of donations and grants below 1% reaches at least 1% of the total assets of the last balance sheet disclosed to the public, necessary material event disclosures are made.