It is based on double materiality. Its scope and timetable were changed by the EU's 2025 simplification (Omnibus) measures; Turkish companies operating in the EU or belonging to EU groups may face value-chain data requests.
Source: Direktif (AB) 2022/2464, ESRS
Related terms
Double materialityAssessing sustainability matters both in terms of their effect on the company's financial position (financial materiality) and the company's impact on the environment and society (impact materiality).Turkish Sustainability Reporting Standards (TSRS)The standards issued by the POA on the basis of the ISSB standards for companies' reporting of sustainability-related financial information.Sustainability assuranceAn independent practitioner providing assurance on whether the information in a sustainability report has been prepared in accordance with the relevant reporting standards.Carbon Border Adjustment Mechanism (CBAM)An EU regulation that puts a price on the embedded carbon emissions in the production of certain goods imported into the European Union.Carbon footprintThe total greenhouse gas emissions caused by an organisation, product or activity, expressed in carbon dioxide equivalent (tCO₂e).Climate-related risksThe potential effects on a company's financial position of physical risks arising from climate change and transition risks arising from the shift to a low-carbon economy.
Last updated: October 31, 2026 · This definition is for general information only.