Turkey Sustainability Reporting Standards (TSRS) have been officially published!

tsrs

Turkey Sustainability Reporting Standards (TSRS) were announced through an official gazette notification by the Public Oversight, Accounting and Auditing Standards Authority on December 29, 2023. It was announced that TSRS 1 “General Provisions for Disclosure of Financial Information Related to Sustainability” and TSRS 2 “Climate-related Disclosures,” based on the International Financial Reporting Standards Foundation- IFRS […]

Highlights from COP28

Highlights from COP28

The 28th Conference of the Parties (COP28) took place in Dubai, United Arab Emirates, from November 30 to December 12, 2023. Climate finance, climate adaptation, loss and damage, a fair and equitable transition, and climate technology were among the focal points of the conference. Loss and Damage Fund The Loss and Damage Fund, planned at […]

CBAM is the new game changer in global trade and sustainable industry!

cbam

What is CBAM? The Border Carbon Adjustment Mechanism (CBAM) is a tool for taxing carbon emissions per product produced in energy-intensive sectors such as Cement, Iron-steel, Aluminium, fertilizer, Electricity, and Hydrogen.   In other words, CBAM is an environmental policy instrument created to achieve the European Union’s climate neutrality goals by reducing greenhouse gas emissions […]

As of October 1, 2023, the CBAM transition period has begun!

cbam

As of October 1, 2023, the Carbon Border Adjustment Mechanism (CBAM) transition period has officially commenced. The transition period, which started on October 1, 2023, will be completed on December 31, 2025. The transition period requirements include the mandatory calculation and reporting of carbon footprints per product for carbon-intensive products imported from sectors such as […]