Regulatory Alerts2022-01-10
Added · Updated
Sustainability Principles Compliance Outline
The Capital Markets Board of Turkey issued the Sustainability Principles Compliance Outline to mandate ESG reporting for publicly-held corporations under a 'Comply or Explain' framework. The regulation requires companies to disclose their sustainability strategies, environmental impacts, social responsibilities, and governance practices, with implementation beginning with annual reports for the year 2021. Corporations must establish internal policies, define measurable goals, and ensure transparency through independent verification and alignment with international standards.
Topics
Share