Turkey Sustainability Reporting Standards (TSRS)

TSRS Reporting Solutions: National Legislation and Financial Transparency

Turkish Sustainability Reporting Standards (TSRS) constitute a national reporting framework aligned with international IFRS (S1 and S2) norms, ensuring that companies present their ESG performance in a transparent and accountable structure. At GreeniX, we ensure your business is prepared for this new legal era in 100% compliance.

Who is Covered by Mandatory TSRS Reporting? According to the updated criteria published by the Public Oversight Authority (KGK), the application thresholds have been revised to include more enterprises. It is a legal obligation for organizations meeting at least two of the following three criteria in two consecutive reporting periods to prepare TSRS-compliant reports:

Total Assets: 250 Million TL and above.

Annual Net Sales Revenue: 500 Million TL and above.

Number of Employees: 150 and above.

Note: Financial institutions (Banks, Factoring, etc.) and companies subject to CMB (SPK) regulations remain within the mandatory scope regardless of these thresholds.

GreeniX TSRS Consultancy Services: We ensure your business fully meets the requirements of TSRS 1 (General Disclosures) and TSRS 2 (Climate-related Disclosures). By linking sustainability risks with financial performance, we not only ensure legal compliance but also maximize your company's value in the eyes of investors.

Çağla Sağlık

Sustainability Specialist

cagla.saglik@greenix.com.tr

TSRS: Local Regulatory Compliance at International Standards

With the regulations published in the Official Gazette on December 29, 2023, Türkiye has entered a new era in sustainability reporting. TSRS 1 and TSRS 2, mandated by the Public Oversight Authority (KGK), are designed to be fully compatible with the globally recognized ISSB (IFRS S1 and S2) standards. This regulation, which came into effect as of January 1, 2024, requires companies to integrate their sustainability performance with financial transparency.

Why Should You Report in Compliance with TSRS?

TSRS-compliant reports prepared under the guidance of GreeniX provide your business with the following strategic values, moving beyond just fulfilling a legal obligation:

Unwavering Stakeholder Trust: You strengthen your corporate reputation among all stakeholders with transparent, accountable, and auditable data.

Global Investor Vision: Thanks to IFRS-based reporting, you present a high-reliability profile for sustainability-oriented local and international investment funds.

Legal Risk Management: You prevent penal and reputational risks by ensuring full compliance with the audit processes of regulatory bodies such as the CMB (SPK) and BRSA (BDDK).

Global Competitiveness: Due to TSRS's alignment with global languages such as GRI and IFRS, you rise to the position of a preferred business partner in export markets and international supply chains.

TSRS: Local Regulatory Compliance at International Standards

TSRS Reporting Process

TSRS-compliant reporting is not merely a data-sharing exercise; it is a meticulous engineering process where complex financial and environmental analyses converge. As GreeniX, we manage this process in four strategic stages, ensuring full compliance with the legal calendar:

1. Strategic Preparation and Scoping: We analyze your company's current sustainability maturity and clarify the reporting boundaries, organizational structure, and the scope of legal obligations.

2. Risk, Opportunity, and Financial Integration: We identify the risks that climate change and social transformations pose to your business. We link this data to your financial performance in accordance with TSRS 1 and 2 requirements, transforming sustainability into a balance sheet item.

3. Methodological Data Management and Analysis: We collect and analyze your environmental (Scope 1-2-3), social, and economic performance data using transparent and auditable methodologies in line with KGK (Public Oversight Authority) standards.

4. Report Writing and Regulatory Publication: We report all strategic analyses obtained according to TSRS standards. We ensure that your first TSRS reports—required to be published by September 2025—possess the technical depth and transparency necessary to successfully pass audits.

Expectations from Companies Under TSRS

TSRS 1 and TSRS 2 standards move sustainability from being a "communication" topic to a subject focused directly on "business strategy" and "financial performance." As GreeniX, we integrate the following six fundamental building blocks into your business during your legal compliance process:

Time-Oriented Analysis of Risks and Opportunities: We include risks such as the climate crisis and resource scarcity, as well as opportunities like renewable energy and the circular economy, into your financial projections over short, medium, and long-term periods (1-10+ years).

Business Model and Value Chain Mapping: We filter your entire value chain through a sustainability lens, from the geographical location of your operations (water stress, regulatory risks) to supply chain impacts.

Strategic Decision and Adaptation: We transparently structure how identified risks are prioritized at the management level and how your business model is adapted to environmental changes.

Financial Impact and Cash Flow Management: We explain the probable effects of factors such as carbon pricing or energy costs on your cash flows and financial statements using qualitative and quantitative data.

Climate Resilience and Scenario Analyses: We test your company's financial and operational resilience under different warming scenarios (e.g., 1.5°C or 2°C) and report the results by specifying amounts or ranges.

Measurable Targets and Resource Allocation: While determining your emission reduction and resource efficiency targets, we embed the investment plans and timelines required to achieve these goals into your strategy.

Transparency and Reliability in Sustainability with TSRS

TSRS 1 and TSRS 2 demand not only reporting from companies but also a strategic approach. These standards ensure that companies analyze their climate risks, opportunities, and financial impacts in detail and integrate these elements into their business models. This comprehensive approach reveals not only the current impacts of companies but also their capacity to achieve sustainability goals in the long term.

Reports prepared with this information infrastructure provide a transparent and reliable source of information for stakeholders, while also enabling the company to increase its competitive advantage.

What Did They Say

TÜMOSAN

While structuring our TSRS (Turkey Sustainability Reporting Standards) compliance process in full integration with our production dynamics, we received end-to-end support from Greenix, including infrastructure setup, strategy, training, and reporting. This professional process, which transforms extensive data inventories into an auditable reporting discipline, continues to strengthen in its second year. Greenix has become not just a service provider, but a reliable strategic partner in our sustainability journey.

Sabah Bedding

The EcoVadis process we conducted with Greenix enabled our sustainability performance to transform into a systematic and measurable structure. While our current practices were analyzed clearly, our strengths and areas for improvement were addressed with concrete actions. Thanks to the guiding approach of the Greenix team, we completed the EcoVadis assessment process in a transparent, controlled, and efficient manner.

Platform Turizm

We have successfully structured our TSRS compliance process from end-to-end with Greenix’s professional methodology. This comprehensive support, ranging from strategy formulation, infrastructure setup, and training to emission calculations, enabled us to integrate our sustainability data into our operational decisions. Thanks to their confidence-inspiring expertise, we continue our collaboration into the second reporting year.

Eva Gayrimenkul Değerleme

The corporate carbon footprint study we conducted with Greenix was not just a reporting process; it provided a transformation into a digital infrastructure where we can actively manage our data. While our carbon software made our emissions regular, comparable, and traceable, the reports prepared provided a clear framework for our decision-making processes. Addressing our specific needs in the real estate sector correctly was one of the strongest aspects of the study.

Katmerciler

During our TSRS compliance process, Greenix established a reporting discipline fully aligned with our product diversity and project processes. This expert support, which brought our data into a transparent, consistent, and audit-ready structure, enabled us to manage our sustainability performance with strategic data. We are pleased to sustain this trust-based partnership into our second reporting period.

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