Turkey's Success in the Financial Management of Climate Risks

Climate change has transcended being merely an environmental issue to become a critical financial parameter that directly shapes companies' balance sheets and future plans. One of the most concrete proofs of this transformation was recently revealed through data shared by the WWF European Policy Office.

According to the published figures, Turkey has passed a highly significant milestone in the management of climate risks. In our country, 64% of publicly listed companies and 70% of the top 100 companies have largely achieved the transition to the ISSB (International Sustainability Standards Board) compliant reporting discipline.

These figures point to two fundamental realities for the business world:

• The financialization of climate risks is no longer a theoretical concept for institutions; it has evolved into a fully applicable and concrete methodology.

• The Turkish business world does not lag in the process of adapting to global standards; instead, it holds a proactive position, adapting rapidly and setting an example in the international arena.

Achieving compliance with ISSB standards requires intensive corporate transformation efforts, including comprehensive data collection, detailed scenario analyses, and financial impact modeling. Reaching this point proves that the hard work and strategic vision demonstrated by our companies have truly paid off.

You can access the original English post and the detailed report by the WWF European Policy Office—the source of this significant development in sustainability and risk management—via this link.

As Greenlife Consulting, we continue to guide companies through the reporting of climate and nature-related risks and their corporate sustainability processes.