Which companies are required to produce sustainability reports?

Undertakings exceeding the scope criteria determined by the Public Oversight, Accounting and Auditing Standards Authority must report in accordance with the Turkish Sustainability Reporting Standards. The criteria are based on total assets, annual net sales revenue and headcount.

How does the Carbon Border Adjustment Mechanism affect Turkish exporters?

For exports to the European Union, embedded carbon emissions in covered product groups must be reported, with financial obligations arising after the transitional period. Iron and steel, cement, aluminium, fertilisers, electricity and hydrogen are among the priority sectors.

What obligations does the Climate Law impose on companies?

The law provides for the establishment of an emissions trading system, monitoring, reporting and verification obligations, carbon market regulation and administrative sanctions. Covered installations must obtain emission permits and track their allowance obligations.

How can greenwashing allegations be avoided?

Environmental claims must rest on concrete, measurable and verifiable data. Expressions such as environmentally friendly or carbon neutral should clearly state the scope and methodology to which they refer. Unsupported environmental claims may attract sanctions under advertising and consumer protection rules.

Who carries out sustainability assurance?

Sustainability assurance is performed by audit firms authorised by the Public Oversight Authority. The engagement involves examining whether the reported information complies with the applicable standards, at either limited or reasonable assurance level.

Sustainability – Aksan Law Firm

Sustainability has become one of the priority issues of our time. Across all sectors, organisations and individuals, sustainability awareness and practices are gaining ever greater importance. As Aksan Law Firm, addressing the legal dimension of sustainability, we play a leading role through the services we provide in this field; together with our solution partners we adopt a holistic approach to the matter and offer long-term partnership to all stakeholders concerned.

Mapping of the company's sustainability journey and use of digital measurement tools to carry out an assessment;
Establishment of internal sustainability policies and advisory services on reporting matters through our solution partners;
Conducting and following up of compliance processes;
Green Financing and Sustainable Investments.