Sustainability Reporting Becomes Applicable to a Wider Range of Companies

The Public Oversight, Accounting and Auditing Standards Authority (Authority) has determined the scope of application of the Turkish Sustainability Reporting Standards (TSRS) while preparation of sustainability reports by businesses, companies and institutions through the decision of its Board (Board) dated 27 December 2023.

Draft Regulation on Operation of Carbon Markets is Submitted to Public’s View

The Draft Regulation on the Operation of Carbon Markets (“Draft Regulation”) as a part of secondary legislations to Draft Climate Law is submitted to public’s view.

ESG: Climate Law is on the way

Following the introduction of the Carbon Border Adjustment Mechanism as part of the EU legislation, the importers from the countries which are not integrated into the EU’s emission trade system or have not adopted their own carbon pricing mechanisms or are not party to a related treaty between the EU and their country of domicile shall be under the obligation to pay carbon taxes according to the emission values of the facilities manufacturing the imported goods

German Supply Chain Due Diligence Act Has Entered into Force

The Act on Corporate Due Diligence to Prevent Human Rights Violations in Supply Chains (the Supply Chain Act), imposing new obligations in terms of respecting human rights to certain German companies and their suppliers, entered into force on 1 January 2023..

SEC Proposes New Rules

On May 25, 2022, US Securities and Exchange Commission (“SEC”) proposed amendments to the rules in order to require investment funds..

Turkish Sustainability Standards

On November 2021, the IFRS Foundation announced the formation of the International Sustainability Standards Board (“ISSB”) under the..

Guidelines on Green Financing are Published by the Capital Markets Board

The Capital Markets Board (the “CMB”) published the Guidelines on Green and Sustainable Debt Instruments and Lease Certificates on 24 February 2022 through the its principle decision numbered i-SPK 128.18..

Template Report re Sustainability Principles Compliance is published.

Sustainability Principles Compliance Framework (the “Sustainability Principles”) published by the Capital Markets Board (the “CMB”) to set out the main principles of the sustainability works of public companies and encourage..