The CDP Türkiye team extends its best wishes for a healthy and prosperous New Year to all its stakeholders!
The year 2024 has proven to be a period of remarkable innovations in sustainability reporting worldwide. As a cornerstone of the reporting ecosystem, CDP has undergone a significant transformation, which it had been preparing for over many years. To briefly recap the initiatives undertaken by CDP last year, let’s delve into the highlights.

The Transformation of CDP
In 2024, CDP implemented sweeping changes aimed at streamlining companies’ sustainability reporting processes. These revisions have not only facilitated the provision of more impactful environmental data by companies but have also sought to enhance access to comparable data required by global capital markets and policymakers. The CDP questionnaire has now been aligned with the ISSB S2 Climate Standards, enabling organisations to be better equipped for mandatory reporting processes while exceeding the requirements likely to be demanded by national regulations.
The integration of the ISSB IFRS S2 standard into CDP’s questions as of 2024 ensures that the thousands of companies reporting to CDP will be well-prepared for mandatory reporting obligations. The TSRS standards draw upon IFRS S1 "General Requirements for Disclosure of Sustainability-related Financial Information" and IFRS S2 "Climate-related Disclosures." Consequently, companies reporting to CDP will already comply with the Türkiye Sustainability Reporting Standards (TSRS) published by the Public Oversight Accounting and Auditing Standards Authority (KGK).

Transition to Nature Reporting
Nature reporting, while overlapping with other frameworks, operates with independent references to frameworks, standards, and laws. CDP continues its alignment efforts to collect the most comprehensive data on nature reporting and aims to expand its scope to encompass all planetary boundaries. It is planned to align fully with all environmental standards and frameworks by 2025.
Through the ongoing collaboration between TNFD and CDP, the 2024 questionnaire is already partially aligned with TNFD recommendations. CDP is determined to integrate all of these guidelines into its reporting platform. TNFD provides an integrated approach across all realms of nature – the atmosphere, land, oceans, and freshwater – addressing all impacts, risks, and opportunities related to nature.
The alignment between TNFD and CDP enables companies to manage environmental and nature-related risks more effectively. While CDP’s existing data collection infrastructure supports TNFD’s framework, TNFD’s nature-focused approach enhances the comprehensiveness of CDP’s reports. This partnership has the potential to accelerate the transition to a sustainable, nature-positive future.
CDP is also a founding partner of SBTN (Science-Based Targets for Nature). SBTN, emerging from the collaboration of non-profit organisations, aims to guide companies and cities in setting science-based targets specific to nature. These activities will help companies and cities create a clear roadmap to address their impacts on nature across their value chains. SBTN’s efforts are rooted in the Science-Based Targets Initiative (SBTi), which CDP also co-founded.

The Renewed CDP Platform
In 2024, CDP introduced a new interface through a cutting-edge technology platform designed to significantly enhance reporting and accelerate climate action. This innovative platform will improve the user experience, making it much easier for companies to conduct their reporting processes.
CDP Questionnaire Sets Consolidated
In 2024, the Water Security, Deforestation, and Climate Change questionnaires were consolidated into a single integrated corporate questionnaire. The reporting process has been streamlined so that the right questions are asked to the right companies, without repetition, and in the correct manner. Supply chain questions have now been embedded into the integrated corporate questionnaire.
Value Chain Mapping: Reporting companies have been encouraged to provide information about organisations within their value chains.
Taking Risk Assessment a Step Further: Risk assessments are shifting from focusing solely on business-related risks and opportunities to evaluating environmental impacts and dependencies.
All Companies Will Report on Biodiversity and Plastics: Access to market-needed data on these two crucial issues is aimed to be increased through the consolidated questionnaire. Sectors most affected by plastics will be presented with a broader set of questions.
CDP Launches a New Corporate Questionnaire for SMEs: In 2024, CDP introduced a simplified, SME-specific questionnaire that is aligned with the corporate set. This set is designed to help SMEs identify priorities, build capacity, and take action.
Financial Services Questionnaire: The Financial Services questionnaire includes bespoke questions that integrate significant environmental issues such as climate change, deforestation, and water security. It also offers integrated modules featuring questions specific to the financial services sector.

CDP Türkiye 14th Climate & Nature Conference Held
The 2023 results of CDP’s Climate Change and Water Program in Türkiye, as well as the leading companies, were revealed at the "CDP Türkiye 14th Climate Change and Nature Conference and Award Ceremony" held on May 21. This event has been coordinated by the Sabancı University Corporate Governance Forum since 2010, which has been responsible for CDP’s Türkiye operations.
To access the press release for the CDP Türkiye 14th Climate and Nature Conference, click here.
To access the event recording for the CDP Türkiye 14th Climate and Nature Conference, click here.

Panel on the Transition from Climate to Nature Reporting
In the panel, the importance of adopting a nature-based approach encompassing planetary boundaries in corporate reporting was emphasised, particularly in light of recent developments. Additionally, the necessity of nature-compatible business models, grounded in scientific assessments, was discussed. The panel was moderated by Ata Can Bertay, Director of the Sabancı University Corporate Governance Forum. Speakers included Nicole Hardiman, CDP Nature Standards Lead; Verena Kraus, Senior Manager of the United Nations Environment Programme Finance Initiative (UNEP FI) Nature Team; and Sevil Acar, faculty member at Boğaziçi University and Lead Author of the IPBES Transformative Change Assessment Report.
Nicole Hardiman highlighted the role CDP is playing in shaping the forthcoming period and what this transition means for companies. Verena Kraus discussed how financial institutions are integrating nature into their business strategies and decision-making processes. Drawing on IPBES assessments, Sevil Acar focused on the relationship between companies and nature, as well as the impacts of this relationship on the environment.

2023 CDP Ratings and A List
According to the CDP Global Scoring Methodology, CDP Global and CDP Türkiye leaders were announced. A record-breaking 23 companies from Türkiye made it to the Global A List. Additionally, 32 companies were included in the CDP Türkiye Leaders list with an A- rating, while 11 companies received an A grade in the CDP Supplier Engagement Rating (SER) category, positioning them as SER leaders.
The “Climate Change & Water Programme 2023 Türkiye Results Report,” which contains CDP Türkiye's 2023 analyses and findings, has been published. According to Türkiye’s results, the proportion of companies disclosing environmental data across CDP’s three main programmes – climate change, water security, and deforestation – saw a 36% increase in 2023, reaching 116 reporting companies.
To access the main findings of the report, please click here.

CDP COP29 Bulletin
Key topics such as the phasing out of fossil fuels, the Loss and Damage Fund, and the New Collective Quantified Climate Finance Goal (NCQG), along with results and insights from COP29 that will shape the upcoming period, can be found in our comprehensive COP29 Bulletin.

CDP 2024 Webinar Series
In 2024, CDP Türkiye organised four significant webinars aimed at raising awareness in sustainability and reporting. Each webinar tackled a distinct topic, designed to assist companies in adapting to the new era.
CDP Türkiye 2024 Webinar Series | 1
Titled "Why Should Companies Set Science-Based Targets? Practices for Setting a Good Example," this webinar focused on best practices, technical applications, and necessary actions related to science-based targets.
Access the webinar presentation materials here.
CDP Türkiye 2024 Webinar Series | 2
The second webinar in the CDP Türkiye series, "What Role Does CDP Play in the Transition to Mandatory Reporting? What Awaits Companies?" was conducted. It explored the transformation in the global reporting ecosystem, the shift from corporate climate change reporting to mandatory reporting, and CDP’s alignment with mandatory reporting frameworks.
Access the webinar presentation materials here.
CDP Türkiye 2024 Webinar Series | 3
The webinar titled "What Changes Await Companies in CDP’s New Era? CDP 2024 Corporate Questionnaire and New Response System" discussed updates to the CDP 2024 Corporate Questionnaire and the new response system. The session also covered essential considerations for companies using the new system.
Access the event recording here.
Access the event presentation here.
CDP Türkiye 2024 Webinar Series | 4
The "COP29 Review Meeting" webinar, held on December 4th, brought together representatives from the public and private sectors, as well as the business community, to discuss COP29 outcomes and their implications for businesses. Panelists shared reflections based on their areas of expertise.
Access the webinar recording here.

2023 CDP Non-Disclosure Campaign Results Report Published
The CDP Non-Disclosure Campaign (NDC) targets companies that have not reported in previous years, aiming to address this gap. According to the 2023 CDP Non-Disclosure Campaign Report, 317 financial companies engaged in the campaign submitted reports, setting a record for 2023.
Click here to read the full report and news.

CDP Global Water Report 2023 Published
The CDP Global Water Report 2023 calls for proactive and comprehensive action to address water-related risks and ensure sustainable water management in global supply chains. Its key focus areas include integrating water risk assessments into supply chains, providing incentives for executives, and encouraging cross-sector collaboration.
Click here for the full news, key findings, and the report.

CDP Global Deforestation Report 2024 Published
The CDP Global Deforestation Report 2024 provides extensive data on companies’ efforts to eliminate deforestation and other ecosystem transformations from their supply chains. The report discusses the progress made by thousands of companies worldwide in preventing forest destruction and the challenges they face.
Click here for the full news, key findings, and the report.

CDP Climate Transition Plan Report 2023 Published
The report titled "The State of Play: 2023 Climate Transition Plan Disclosure", published by CDP, highlights the progress of companies in developing climate transition plans. It emphasises the growing importance of creating credible climate transition plans for accessing capital, improving business efficiency, and complying with regulatory and market demands.
Click here for the full news, key findings, and the report.

CDP Supply Chain Report 2023 Published
CDP’s report titled "Strengthening the Chain: Sector Insights to Accelerate Sustainable Supply Chain Transformation" analyses data from over 23,000 companies in 2023. The findings underscore the necessity of measuring and managing supply chain emissions (Scope 3).
Click here for the full news, key findings, and the report.

CDP and WWF Release Updated Temperature Rating Methodology
Following a public consultation held in June 2024, CDP and WWF have published version 1.5 of the Temperature Rating Methodology. This updated methodology offers a simple tool to translate companies’ greenhouse gas (GHG) reduction targets into temperature ratings, allowing an evaluation of their alignment with global climate goals.
Click here for further details.

 CDP Collaborations
CDP Türkiye and KGK Sign Cooperation Protocol
CDP Türkiye and the Public Oversight Accounting and Auditing Standards Authority (KGK) have signed a protocol to collaborate on strategies and awareness related to risks in climate, water, and deforestation. The protocol aims to foster mutual information sharing.
Click here for more information.

TNFD Integrated into CDP Reporting System
The 2024 questionnaire is partially aligned with TNFD recommendations, and CDP is determined to fully integrate these guidelines into its reporting platform. This alignment enables companies to provide high-quality, comparable, and actionable environmental data to global capital markets. The ongoing collaboration between CDP and TNFD aims to enhance efficiency in environmental reporting.
Click here for more information.

PCAF-CDP Collaboration: Reporting Emissions Linked to Financial Activities
CDP has partnered with PCAF to assist financial institutions in standardising their greenhouse gas calculations and aligning with international standards such as ISSB S2.
For further details, visit the CDP website and explore the resources prepared for financial institutions: Guidance for Companies - CDP.
Click here for more information.

 CDP and EFRAG Announce Comprehensive Partnership
At COP29, EFRAG and CDP announced alignment and interoperability between ESRS and CDP. Companies reporting to CDP will be prepared to meet ESRS E1 requirements. Before the 2025 CDP reporting cycle, a detailed mapping study will be released, highlighting the alignment between the two organisations.
Click here for more information.

CDP and GRI Sign Memorandum of Understanding
CDP and GRI have strengthened their collaboration in the field of corporate sustainability. During COP29 in Baku, they signed a Memorandum of Understanding aimed at improving and simplifying environmental reporting. This partnership will focus on enhancing technical alignment and creating a mapping of compatibility between the CDP questionnaire and GRI’s standards on climate change, water, and biodiversity.
Click here for more information.