CDP Türkiye 2024 Climate Change and Nature Results Announced

The 2024 Türkiye results and leading companies of CDP, the world’s largest environmental disclosure platform, whose Türkiye operations are carried out by Sabancı University Corporate Governance Forum, were announced on Friday, May 16, 2025, at the "CDP Türkiye 15th Climate Change & Nature Conference and Awards Ceremony."

The “CDP Türkiye 2024 Climate Change and Nature Report,” which contains the analysis and findings of CDP Türkiye for 2024, along with the CDP Global A List Leaders determined according to CDP’s Global Scoring Methodology, were shared with the public during the event.

According to the CDP Türkiye 2024 Climate Change and Nature Report, the vast majority of companies reporting to CDP from Türkiye integrate environmental risks and opportunities into their top-level governance and strategic decision-making processes. However, this progress is disproportionately concentrated on climate change topics. While a moderate level of corporate maturity is observed in the area of water security, significantly lower levels are recorded in other environmental themes such as deforestation, plastics, and biodiversity. Companies need to integrate nature-related topics more strongly into governance, strategy, and performance measurement systems.

Companies Are Taking Steps to Prepare for Future Regulations

92% of companies reporting from Türkiye have either fully mapped their value chains or initiated the process. Nearly all companies (98%) report implementing systematic processes to identify and manage environmental dependencies, impacts, risks, and opportunities.

80% of companies use scenario analyses for climate change, and 55% for water security. Moreover, 59% of companies expect to be subject to carbon pricing mechanisms within the next three years. In line with their climate transition strategies, 44% have already transformed their investment, expenditure, and revenue planning.

A New Era of Integrated and Standard-Aligned Environmental Disclosure

The year 2024 marked a critical turning point for environmental disclosure globally, including in Türkiye. CDP merged its Climate Change, Deforestation, and Water Security questionnaires into a single, integrated Corporate Questionnaire, fundamentally transforming its disclosure framework. This allowed companies to report using a unified set of questions that minimized repetition, promoted thematic coherence, and provided more meaningful data to stakeholders. This year, Plastics and Biodiversity were also included for the first time as stand-alone thematic areas, and a new SME Questionnaire was introduced for smaller enterprises.

This new structure not only improved reporting efficiency but also enabled stronger alignment with the International Financial Reporting Standards (IFRS S2 – Climate-Related Disclosures), the European Sustainability Reporting Standards (ESRS E1 – Climate), and the Taskforce on Nature-related Financial Disclosures (TNFD).

Rising Reporting from Türkiye: Growing Awareness Drives Global Leadership

In 2024, Türkiye stood out for its strong momentum in environmental transparency and leadership. Globally, around 25,000 companies disclosed environmental data via the CDP platform, with 138 companies reporting from Türkiye. Compared to the previous year, the number of reporting companies in Türkiye increased by 21% in the Climate Change theme, 65% in Water Security, and a remarkable 220% in Deforestation. This surge was largely driven by new regulatory requirements on sustainability reporting and growing investor expectations.

Türkiye’s rising performance was also reflected in CDP’s 2024 global scoring results. CDP rated more than 22,700 companies worldwide; only 2% of these received the highest “A” score. A total of 28 companies from Türkiye were included in CDP’s Global A List. Among them, 15 companies earned the Double A title by achieving outstanding performance in both Climate Change and Water Security. Additionally, 18 companies received “A–” scores in various themes, standing out for their environmental governance maturity and strong performance levels.

Türkiye’s Alignment with Global Reporting Standards

CDP’s 2024 questionnaire was fully aligned with the IFRS S2 Climate-Related Disclosures issued by the International Sustainability Standards Board (ISSB), and showed a high degree of overlap with the ESRS E1 Climate standard. This development has helped CDP-reporting companies in Türkiye become more prepared for rising global regulatory demands.

These harmonization efforts by CDP also support Türkiye’s transition to both the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the recently mandated Türkiye Sustainability Reporting Standards (TSRS).

As of 2024, the alignment of Türkiye-based CDP responses with global reporting frameworks can be summarized as follows:

• IFRS S2 Alignment: CDP responses from companies in Türkiye show 80% alignment with IFRS S2. This indicates significant progress in areas such as climate governance, emissions accounting, and financial risk management.

• ESRS Alignment: Excluding sector-specific questions, the responses show 68% alignment with ESRS requirements. While this marks notable progress, it also highlights the need for deeper integration in critical areas such as double materiality, value chain transparency, and biodiversity.

Overall, companies in Türkiye have established a solid foundation for climate reporting under IFRS S2 through CDP’s updated and standards-aligned framework. However, to meet the more comprehensive requirements of the ESRS, companies need to collect more detailed data across their value chains, manage Scope 3 emissions more effectively, and integrate nature-related topics more deeply into corporate governance structures and strategic planning.

CDP Türkiye 15th Climate Change & Nature Conference

The opening speeches of the conference were delivered by Cemal Onaran, Deputy General Manager of Garanti BBVA, and Ayşegül Toker, Dean of the Sabancı University Faculty of Management.

The conference continued with two distinguished guest speakers. Veronika Pountcheva, Board Member of the International Sustainability Standards Board (ISSB), joined live to speak about ISSB’s collaborations with other institutions. Following her, Tony Goldner, CEO of the Taskforce on Nature-related Financial Disclosures (TNFD), shared his insights via video message.

CDP Country Programmes Director Mirhan Köroğlu Göğüş focused on CDP’s new era and presented the findings of the CDP Climate Change & Water Programme 2024 Türkiye Report.

Panel: Strengthening Interoperability in a Transforming Reporting Ecosystem

The panel titled “Strengthening Interoperability in a Transforming Reporting Ecosystem” was moderated by Ata Can Bertay, Director of the Sabancı University Corporate Governance Forum. Panelists included Rachael Barza (EBRD, Head of Climate Adaptation and Nature Finance), Cristina Gil White (GRI, Head of Strategic Communications), and Benan Ürgün (CDP, Europe Engagement Manager).

Cristina Gil White contributed via a video message sharing her views on interoperability. The panel discussed the evolving roles of institutions in the rapidly transforming sustainability reporting landscape and explored how to collaborate more effectively within this new structure. Rachael Barza spoke about working with companies and investors to understand their nature-related dependencies and impacts, emphasizing that this is not only about compliance but also about shaping and enabling nature-based investments. Cristina Gil White noted that sustainability reporting has become a mainstream practice in global business and highlighted Türkiye’s accelerating momentum. She underlined that the collaboration between CDP and GRI offers companies a more streamlined and aligned reporting process, also aiming for strong interoperability with frameworks like ESRS and ISSB. Benan Ürgün focused on CDP’s role in this evolving landscape, explaining how CDP fosters interoperability among different climate and nature-related disclosure frameworks and aligns with mandatory reporting standards.

CDP Awards Ceremony

All companies reporting to CDP were scored according to CDP’s globally trusted methodology. This year, CDP rated nearly 23,000 companies worldwide; only 2% achieved the highest “A” score. A total of 28 companies from Türkiye were included in CDP’s Global A List. Of these, 15 received the Double A distinction for their outstanding performance in both Climate Change and Water Security. Additionally, 18 companies received an “A–” in various themes, highlighting their environmental management maturity and strong performance levels.

The opening remarks of the Awards Ceremony were delivered by Halil Hasar, Head of Climate Change at the Turkish Ministry of Environment, Urbanization, and Climate Change, and Hasan Özçelik, President of the Public Oversight, Accounting and Auditing Standards Authority (KGK).

Awards were presented to the 28 companies from Türkiye that made it to CDP’s Global Leaders by Halil Hasar and Hasan Özçelik. The ceremony concluded with a video presentation featuring messages from the CEOs of CDP Global A Leader companies.

CDP Global A Leaders

CDP 2024 Global A Climate and Water Leaders:
Akbank T.A.Ş., Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.Ş., Arçelik A.Ş., Aydem Yenilenebilir Enerji A.Ş., Brisa Bridgestone Sabancı Lastik San. ve Tic. A.Ş., Carrefoursa Carrefour Sabancı Ticaret Merkezi A.Ş., Çimsa Çimento Sanayi ve Ticaret A.Ş., Enerjisa Enerji A.Ş., Kordsa Teknik Tekstil A.Ş., Mavi Giyim Sanayi ve Ticaret A.Ş., Migros Ticaret A.Ş., QNB Bank A.Ş., Sabancı Holding A.Ş., Türkiye Garanti Bankası A.Ş., Türkiye Vakıflar Bankası T.A.O.

CDP 2024 Global A Climate Leaders:
Abdi İbrahim İlaç Sanayi ve Ticaret A.Ş., Elsan Elektrik Gereçleri Sanayi ve Ticaret A.Ş., Fiba Yenilenebilir Enerji Holding A.Ş., Korozo Group, Teknosa İç ve Dış Ticaret A.Ş., Türk Telekomünikasyon A.Ş., Türkiye Halk Bankası A.Ş., Yapı ve Kredi Bankası A.Ş.

CDP 2024 Global A Water Leaders:
Borçelik Çelik Sanayii Ticaret A.Ş., Coca-Cola İçecek A.Ş., Şekerbank T.A.Ş., T.C. Ziraat Bankası A.Ş., Türkiye Sınai Kalkınma Bankası A.Ş.

You can click here to access the CDP Türkiye 2024 Climate Change and Nature Report.
Click here to access the presentation sharing the outputs of the CDP Türkiye 2024 Climate Change and Nature Report.
Click here for the Turkish summary of the CDP Türkiye 2024 Climate Change and Nature Report.
Click here for the CDP Türkiye 15th Climate and Nature Conference press release.

Click here to watch CDP Türkiye 15th Climate & Nature Conference and Award Ceremony on YouTube.