The Türkiye Sustainability Reporting Standards (TSRS) have come into effect. Companies are now required to report sustainability risks and opportunities with measurable targets. Early examples mark the start of a new era.
Climate crises on a global scale, resource scarcity, social injustices, and the growing demand for corporate transparency are now pushing companies to measure not only their financial performance but also their environmental and social impacts. Shaped by international regulations such as the European Green Deal and the Paris Agreement, the sustainability agenda has finally found a legal and systematic foundation in Türkiye.
At the heart of this transformation lie the Türkiye Sustainability Reporting Standards (TSRS), which came into force as of 2024. These standards mandate that companies publicly report on their sustainability risks, opportunities, targets, and performance indicators. With the adoption of TSRS, the first sustainability reports have already begun to emerge — marking not only the beginning of a new reporting period, but also signaling a profound shift in corporate responsibility.
One of the key innovations brought by TSRS is the obligation to present sustainability-related risks and opportunities through measurable metrics and forward-looking targets. This approach enhances accountability while also allowing investors, consumers, and regulatory bodies to evaluate sustainability performance based on concrete data.
According to TSRS, the way companies define environmental, social, and governance (ESG) risks and opportunities, how they monitor them with metrics, and which targets they set are all critical components of sustainability reporting. In this context, international examples provide valuable references.
The table below is based on the reporting model of Mondi Group, one of the global leaders in sustainability, and serves as a structured guide for companies aiming to prepare TSRS-aligned reports:
| Topic | Description / Metrics and Targets |
|---|---|
| 1. Increased wood procurement costs | Close monitoring of raw material prices and supply chains. |
| 2. Flood risk | Expert assessments based on insurance reports and preparedness analyses. |
| 3. Yield loss in South African plantations | Monitoring includes climate effects and fire risks. |
| 4. Energy procurement costs | Energy efficiency measured at the operational level. 2023: 62% → 2024 Target: 66% |
| 5. GHG emission regulations (net impact) | Scope 1+2 CO₂ emissions: 2023: 2.10 million tons → 2024 Target: 1.86 million tons |
| 6. Risk of asset impairment | Climate risks are factored into asset valuation decisions. |
| Topic | Description / Metrics and Targets |
|---|---|
| 1. Changing customer behavior | Share of sustainable products in revenue: 2023: 60% → 2025 Target: 70% |
| 2. Lower operational costs through energy efficiency | Renewable energy use: 2023: 65% → 2024 Target: 76% |
This structured approach transforms sustainability reporting from abstract narratives into tangible, measurable, and trackable corporate commitments.
Mandatory sustainability reporting under TSRS should not be viewed as a mere compliance exercise. Instead, it must be integrated into the strategic planning and long-term value creation goals of companies. Organizations are now expected to demonstrate not only today’s performance but also how they plan to ensure resilience and sustainable growth in the future.
Key areas such as carbon footprint management, energy efficiency, and climate risk adaptation are directly linked to a company’s financial health. Thus, TSRS is not just an environmental responsibility tool — it’s a framework that enhances competitive advantage and builds investor trust.
As CO2 Manager, we support organizations through this transformation by providing tools and guidance on emissions reduction, risk analysis, transparent reporting, and sustainability strategy development. TSRS presents a framework that promotes not only regulatory compliance but also a shared sense of responsibility for a livable future.
With the implementation of TSRS, sustainability in Türkiye is no longer just a reporting obligation — it has become an integral part of corporate culture, strategic decisions, and long-term visions. The publication of the first reports is merely the beginning. The real impact will be realized as companies embed these practices into their DNA and contribute to building a more responsible, transparent, and sustainable future for all stakeholders.
Each identified risk and opportunity is part of a broader transformation. The steps taken today will shape the resilient economy and environmental integrity of tomorrow. Targets, supported by transparency, are more than just numbers — they are the compass guiding us toward a sustainable future.
Source: This table is adapted from Mondi Group’s 2023 Sustainability Report and structured by CO2 Manager in accordance with the Türkiye Sustainability Reporting Standards (TSRS).