The KPMG Sustainable Reporting Survey was published for 11 consecutive years. This report was based on analysis and evaluations of 5200 Sustainability Reports from 52 different countries and aims to reveal responsibilities and practices of companies on international level while serving as an important resource for investors, portfolio analysts and rating agencies. The report was limited to Top 100 companies in 52 different countries to reveal Sustainability approach and reporting practices in general. North American companies leads the World with 90 percent of adaptation, whereas the ratio sits around 56 percent in Turkey and 80 percent as the World average. KPMG Reports predicts an increase in reporting and sustainable strategy […]
Quality disclosure requirements critical to Europe’s €1 trillion sustainable investment plan The European Green Deal becomes a global game changer that other economies should follow. With ambitious legislative changes backed by €1 trillion investment over the next decade, the EU is signalling leadership in efforts to advance sustainable development and tackle climate change. In a statement on 28 January, European Commission Executive Vice-President Valdis Dombrovskis provided details on the implementation of the Green Deal Investment Plan – including strengthening sustainability reporting by companies. He set out that: The EU’s Non-Financial Reporting Directive is to be reviewed, with new requirements for companies to increase disclosures on sustainability risks and opportunities. The […]
S&P Global (NYSE: SPGI) and RobecoSAM proclaimed that S&P Global will obtain the ESG Ratings Business from RobecoSAM. This also incorporate the globally followed SAM Corporate Sustainability Assessment (CSA) which comprises from companies’ annual sustainability practice assessment. The CSA benefits from 20 years of experience in analyzing the impact of sustainability in the creation of long-term value of a company therefore is accepted as one of the most advanced ESG scoring methodologies. It is expected that S&P Global to ensure more transparent, robust and comprehensive ESG solutions to its clients thanks to unique datasets based on information analyzing over 4,700 companies. As sustainability becomes more and more serious, it is […]
On Monday, three undergraduate students from the University of Vechta in Germany, visited the Turkish Sustainability Code Office on the Heinrich Böll Foundation’s recommendation to get detailed information about CSR efforts in Turkey. The group of students studying Economics and Ethics, who came for an excursion accompanied by Dr. Moritz Botts, reached out to the Sustainability Code for its expertise on the topic and met with the director of theSustainability Code Dr. Hüdai Kara. As a recognized sustainability expert, Dr. Kara shared his experiences gained also from his work in his consulting firm Metsims on of life cycle assessment (LCA) in Turkey, CPD, and on the pioneering work it has […]
Founded in 1951, since its establishment Bossa has been one of Turkey’s leading companies regarding the protection and preservation of the environment, human health issues and fulfill social responsibility. As of now, Bossa will further advance its role a pioneer in the Turkish textile sector as an implementation partner of the Turkish Sustainability Code. As an implementation partner, the Denim producer from Adana will take part in shaping the Sustainability Code with comments and recommendations during the process of adaptation to Turkey. Further Bossa, along with the other Code Implementation partners will be among the first companies to published a Turkish Sustainability Code declaration. The Sustainability Code is the new […]
The Turkish Sustainability Code office, which is committed to develop the first local non-financial reporting standard for Turkey, calls all stakeholders to participate in the dialogue. The Sustainability Code, created by the German Council for Sustainable Development, was very demanded and successful with over 900 reports from over 500 companies. (Interested? You can have a look at all reporting companies in the German database here.) The Code is explicitly open for national adaptations, and Turkey is soon to be the third country with a domestic Sustainability Code. An ongoing stakeholder dialogue Rather than a mere translation of the criteria, the Code is striving to ask all the material questions related […]
Open SDGclub.Berlinis an international conference at which participants can share their initial experience with the 2030 Agenda for Sustainable Development and its global Sustainable Development Goals. It is initiated in 2016 by The German Council for Sustainable Development(RNE) as a non-exclusive international exchange platform of sustainable development practitioners. Open SDGclub.Berlinis an invitation only event for experts known for their contributions to sustainability and Dr Hudai Kara is the only sustainability expert from Turkey having this invitation. Known for his contributions to life cycle management and databases, Dr Kara is currently leading the implementation of Turkish Sustainability Codein Turkey. Open Open SDGclub.Berlinwill take place from 7 to 9 May 2019 in Berlin, Germany. Commenting on the […]
Turkey is about to become the third country with a national Sustainability Code. The Turkish Sustainability Code, developed in collaboration with the German Sustainability Code (DNK), was announced at the Sustainability Outlook 2019 conference in Athens on 5th April 2019. Dr. Hüdai Kara and Julia Graner, Director and Manager of the Turkish Sustainability Code project, respectively, attended the conference to represent the Turkey. The Sustainability Code, a reporting standard introduced by the German Council for Sustainable Development (RNE) in 2010, is open to independent, country-specific adaptations. According to the RNE, further EU and global parties are interested in the experiences with the Sustainability Code and its options for national adoption along with Turkey who is at an advanced stage of adaption and implementation. Adaption of the Turkish Sustainability Code was agreed at the […]