Sustainability reporting is a critical process for companies to define their sustainability strategies, measure their environmental and social impacts, and improve their corporate governance standards. In today's business world, financial success alone is not enough; companies are expected to adopt an ethical and sustainable approach. Sustainability reporting provides companies with a concrete roadmap for meeting these expectations and helps them manage both current and future operational risks.
The Importance of Sustainability Reporting
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Investor confidence and financial resilience
Sustainability reporting enables investors to assess the long-term sustainability of companies. Responsible investors favour companies with strong sustainability performance and provide long-term financial support.
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Legal and regulatory compliance
Environmental and social regulations are becoming increasingly stringent. ESG reporting helps companies to comply with current and future legislation and to minimise legal risks.
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Corporate reputation and brand equity
Consumers and business partners prefer to do business with companies that demonstrate a sustainable and ethical approach to business. Transparent disclosure of ESG performance by companies provides a competitive advantage by enhancing brand value.
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Risk management and operational efficiency
ESG-focused processes enable companies to reduce costs in areas such as energy consumption, carbon emissions and waste management by optimising the way they do business. It also helps minimise risk in a wide range of areas, from supply chain management to employee policies.
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Stakeholder relations and social responsibility
By developing policies in line with ESG criteria, companies can increase employee satisfaction, participate more effectively in social projects and build stronger relationships with their stakeholders in general.
We develop strategies in line with evolving global standards and local regulations, guiding you to achieve your sustainability goals. ESG-focused reporting not only fulfils your environmental and social responsibilities, but also provides a strategic advantage that will strengthen your long-term growth.
National and international reporting standards
International and national standards such as GRI (Global Reporting Initiative), TSRS (Turkish Sustainability Reporting Standard) and CSRD (Corporate Sustainability Reporting Directive) provide a framework for companies to measure, monitor and report on their sustainability performance. These standards provide an important basis for companies to demonstrate their plans to reduce their environmental impacts, demonstrate their ability to create social benefits and strengthen the transparency of their governance practices. For more detailed information, you can access the reporting standards via the relevant links below.
GRI (Global Reporting Initiative)
The Global Reporting Initiative (GRI) provides the world's most widely used sustainability reporting standards, enabling companies to define and transparently report their sustainability performance in an international framework. The GRI Standards provide companies with a globally recognised, consistent, comparable and applicable framework for analysing and communicating their environmental, social and governance (ESG) impacts to stakeholders. These standards offer flexibility to any sector through their cross-industry structure, allowing organisations in different sectors to report on a wide range of issues, from environmental indicators such as carbon footprint, energy use and waste management, to social issues such as human rights and employee satisfaction.
By providing building blocks for sustainability reporting, the GRI helps organisations monitor and manage their performance and strengthen their strategic decision-making processes. Trusted by thousands of organisations around the world, these standards are an ideal tool for both compliance and competitive advantage in international markets.
TSRS (Turkish Sustainability Reporting Standard)
The Turkish Sustainability Reporting Standards (TSRS), developed by the Public Oversight, Accounting and Auditing Standards Authority (POA), is a regulation that requires companies to report on sustainability and climate-related risks and opportunities. These standards aim to ensure that companies report on environmental, social and governance (ESG) issues in line with the principles of transparency and accountability.
The POA has based its TSRS on the standards issued by the International Sustainability Standards Board (ISSB) of the International Financial Reporting Standards Foundation (IFRS). By ensuring international harmonisation through this approach, the TSRS aims to integrate Turkish companies into global reporting standards and gain a competitive advantage.
The TSRS consists of two core standards:
TSRS 1- General Provisions for Disclosure of Sustainability-Related Financial Information: Regulates the systematic disclosure of sustainability-related financial information by companies under the headings of governance, strategy, risk management and performance measures.
TSRS 2- Climate-Related Disclosures: Requires companies to detail climate-related risks and opportunities and report on the impact of these on financial performance.
From 2025, companies within the scope defined by the POA will be required to produce sustainability reports with data from the previous year. The TSRS helps companies meet national and international reporting requirements and supports long-term value creation processes.
CSRD (Corporate Sustainability Reporting Directive)
The Corporate Sustainability Reporting Directive (CSRD) is a regulation developed by the European Union that requires companies to report on their sustainability performance in a more comprehensive and standardised manner. The main objectives of the CSRD are to make companies more transparent on sustainability issues, to encourage them to align with the objectives of the European Green Deal and to contribute to sustainable financing.
The CSRD requires companies to analyse their environmental, social and governance (ESG) performance in detail and present it to their stakeholders by requiring the reporting of non-financial information. The CSRD requires companies to consider the impact of their own operations as well as their impact on value chains. It requires companies to collect and report data in a standardised format on issues ranging from carbon emissions to energy consumption, from human rights to employee development.
CSRD helps companies set ESG goals more effectively, strengthen their implementation and build stronger relationships with investors.
IR (Integrated Reporting)
Integrated reporting is a reporting approach that addresses a company's financial and non-financial performance within a single framework and transparently shows its long-term value creation processes. This approach, which goes beyond traditional financial reporting, enables companies to communicate their strategies, business models, risks and opportunities to stakeholders in a more comprehensive way by including environmental, social and governance (ESG) factors.
The framework, developed by the International Integrated Reporting Council (IIRC), proposes to assess a company's value creation process through six main capitals: financial capital, physical capital, natural capital, human capital, social and relational capital, and intellectual capital. This framework allows companies to communicate not only their past performance, but also their future goals and the strategies they plan to achieve them.
Integrated reporting brings together financial and non-financial elements, enabling the company to address the value chain from a holistic perspective and share this transparently with all stakeholders, thus providing a multi-faceted assessment for all stakeholders, supporting strategic decision-making processes and contributing to more effective management of risks and opportunities.
As Greenlife Consulting, we offer comprehensive analysis and reporting services according to ESG (Environmental, Social and Governance) criteria in sustainability reporting processes. Our team of experts will help you to fully comply with national and international standards and to prepare reports that best reflect your sustainability performance, taking into account your company's activities and sector dynamics.
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