Corporate Sustainability Reporting
Corporate sustainability reporting is a strategic process through which companies transparently evaluate their performance in environmental, social and governance (ESG) areas and share it with their stakeholders. These reports reveal the commitments and progress of companies on issues such as carbon footprint, energy use, waste management, social responsibility projects and ethical management. Sustainability reporting provides credibility for both investors and customers, while encouraging long-term value creation and responsible business practices.
Is Sustainability Reporting Mandatory?
Legal requirements regarding voluntary corporate sustainability reporting vary by country and sector.
European Union: The Corporate Sustainability Reporting Directive (CSRD), which comes into force from 2024, has made sustainability reporting mandatory for companies of a certain size.
Turkey: Sustainability reporting is encouraged by the Capital Markets Board (CMB) for companies listed on Borsa Istanbul and large-scale companies, and in some sectors (e.g. energy, finance) regulatory bodies may impose additional reporting requirements. To find out if you are subject to legal obligations in Turkey, please click..!
US and Other Countries: In the US, the SEC plans to mandate climate-related risk disclosures for large companies. Globally, standards such as GRI, SASB, and TCFD are increasingly being adopted.
It is important to keep up to date with current regulations specific to the country and industry in which your company operates.
Please contact us for more detailed information..!