In light of an amendment to Article 88 of the Turkish Commercial Code in 2022, the Public Oversight, Accounting and Auditing Standard Authority was assigned to issue the Turkish Sustainability Reporting Standards.  In light of this, sustainability reporting was made mandatory for businesses which fall within its remit (which has since changed; see below), including:
-        Banks are subject to the reporting requirements, without any threshold being applied.
-        Other businesses have reporting obligations if they fulfil two of the following thresholds:
o   Total assets over TL 500m,
o   Net annual sales revenue over TL 1 billion, or
o   Number of employees exceeds 250. 
The reporting period began on 1 January 2024. Sustainability and climate related disclosures are to cover the same reporting periods as financial statements. These disclosures must include information relating to climate and sustainability which can be expected to affect that companies future financial adequacy. Specifically, the report should include;
1.     General Provisions. These include sustainability practices and strategies, financial and operational targets and implementation strategies.
2.     Climate Related Disclosures. These  include the company's climate related risks and opportunities and environmental performance, such as carbon emissions and energy use.
3.     Relevant Financial Information. This includes the company's sustainability related financial performance data, and financial impacts of social and environmental costs.
5.     Environmental and Social Impacts. These include natural resource utilization and environmental impacts, community engagement and corporate social responsibility activities, and impacts on local communities.
6.     Management and Internal Control. These include internal control mechanisms of the company relating to sustainability, distribution of sustainability-related responsibilities in management, and transparency and reliability of the reporting process.
Pursuant to the decision of the Public Oversight, Accounting and Auditing Standards Authority dated 13 January 2026, the threshold values determining the scope of application of the Turkish Sustainability Reporting Standards (“TSRS”) have been significantly increased:
<ul>
<li>Total assets: TRY 1 billion</li>
<li>Annual net sales revenue: TRY 2 billion</li>
<li>Number of employees: 500.</li>
</ul>

Turkish Sustainability Reporting Standards

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives