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CDP Türkiye 14th Climate & Nature Conference 2023
20 May 2023The results and leading companies of CDP’s 2023 Climate Change and Water Program Turkey, which has been carried out by Sabancı University Corporate Governance Forum in Turkey since 2010, were announced on May 21 at the “CDP Turkey 14th Climate Change and Nature Conference and Award Ceremony”.
According to Turkey results, in 2023, there was a 36% increase in the rate of companies disclosing their environmental data within CDP's three core programs: climate change, water security, and deforestation, and the number of reporting companies reached 116.
The 2023 Turkey Results of CDP, the world’s largest environmental reporting platform, whose Turkey operations are managed by the Sabancı University Corporate Governance Forum, were announced on Tuesday, May 21, 2024, at the CDP Turkey 14th Climate Change and Nature Conference, 2023 Results and Award Ceremony. The “Climate Change & Water Program 2023 Turkey Results Report,” which includes CDP Turkey’s analyses and findings for 2023, and the CDP Global and CDP Turkey Leaders determined according to CDP’s Global Scoring Methodology were shared with the public during the event.
Biodiversity and Plastics on the Agenda of Companies in Turkey
According to the announced results, a positive improvement trend was observed in the emission data of companies reporting from Turkey. The rate of companies reporting an absolute increase in emissions decreased to 25% and showed a significant improvement compared to the 51% rate reported the previous year. In addition, 53% of companies reported a reduction in emissions, almost doubling the number of companies that reported reductions the previous year.
93% of companies have identified climate-related potential opportunities; however, the total amount of climate-related risks identified (811) is more than 3 times the reported opportunities (251). This reveals a significant difference between the perception of climate-related risks and opportunities in Turkey.
65% of companies addressed biodiversity at board level and/or appointed a senior executive within the company to address biodiversity-related issues. In addition, 54% of companies have clearly supported initiatives aimed at protecting biodiversity and/or publicly committed to this scope.
81% of companies source their water withdrawals from third-party resources, and generally discharge the water again into third-party areas (81%). While 62% of companies discharge their water into third-party areas without pre-treatment, 12% directly discharge their water, which has not undergone any treatment, into the natural environment. This situation highlights the urgency for companies in Turkey to prioritize responsible management of wastewater discharge.
66% of companies set targets related to plastics, and most of these targets focus on plastic packaging and waste management. Among the reported target metrics, the most common metrics are the elimination of single-use plastic products (21%) and the reduction of the total weight of plastic packaging used and/or produced (16%).
The Evolution of Environmental Reporting
This year, the CDP Turkey Conference was held with the theme “New Era in CDP: Transition from Climate Reporting to Nature Reporting”. In 2024, CDP transitioned to a new and integrated corporate questionnaire for companies by combining all reporting themes (climate change, water management, deforestation). CDP, which published a new SME questionnaire to encourage and facilitate the reporting journey of small and medium-sized companies, also continues to collaborate with the world’s leading standards and frameworks in order to reduce companies’ reporting obligations and encourage mandatory reporting. The most important of these was the integration of IFRS S2, the climate-related disclosure standard of the International Sustainability Standards Board (ISSB), into its questions. The Turkey Sustainability Reporting Standards published by the Public Oversight, Accounting and Auditing Standards Authority (KGK) in Turkey are also based on these ISSB standards.
The opening speech of the conference was made by Seray İmer, Sustainability Manager of Garanti BBVA. The keynote speaker of the conference, Patrick de Cambourg, Chair of the European Financial Reporting Advisory Group (EFRAG) Sustainability Reporting Board, explained the development and transformation of sustainability reporting from the perspective of EU regulations and stated the following in his speech: “We know that, in the long term, standard corporate reporting can only be effective when it stands on two legs. The first leg is advanced financial reporting; the second is sustainability reporting, which is currently still developing. The functioning of this two-legged system depends on ensuring effective coordination between these reporting frameworks.”
Another speaker at the conference, Ariane Coulombe, CDP Europe Reporting Lead, expressed the approach and objectives regarding the New Era in CDP. In her speech, Coulombe stated: “In Turkey, we see a clear trend of companies voluntarily reporting their environmental data through CDP. This is very important because reports provide the necessary data for taking action. As a reflection of market maturity, companies in Turkey increasingly recognize that greater transparency is a fundamental step toward taking action against climate change. This transparency enables companies to access capital, improve business efficiency and supports compliance with current or future regulations.”
Mirhan Köroğlu Göğüş, CDP Turkey Country Programs Manager, who announced the results of the CDP Climate Change & Water Program 2023 Turkey Report, expressed the following information and views in her speech: “As CDP Turkey, we have been working since 2010 to ensure that companies in Turkey take action on climate issues and align with global developments in reporting. However, we now know that climate change is only part of the problem. Science shows us that climate and nature must be addressed simultaneously. When it comes to reporting, it is vitally important that we focus on all components of nature, including ecosystems and biodiversity. This means a new era for all of us. Together with the whole world, we will now evolve from climate reporting towards nature reporting and a more holistic approach.”
“Transition from Climate Reporting to Nature Reporting” Panel
The panel titled “Transition from Climate Reporting to Nature Reporting” organized within the scope of the conference was moderated by Ata Can Bertay, Director of Sabancı University Corporate Governance Forum. The panel speakers were Nicole Hardiman, CDP Nature Standards Lead, Verena Kraus, Senior Manager of the Nature Team at the United Nations Environment Programme Finance Initiative (UNEP FI), and Sevil Acar, Faculty Member of Boğaziçi University and Lead Author of the Transformative Change Assessment Report of the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
During the panel, the importance of nature-based reporting covering all boundaries of the planet when it comes to corporate reporting was emphasized in light of recent developments. Focusing on the role CDP plays in shaping the upcoming period, Nicole Hardiman explained what this transition means for companies. Verena Kraus discussed how financial institutions integrate nature into their business strategies and decision-making processes. Sevil Acar focused on companies’ relationship with nature and the impacts of this relationship on nature, based on IPBES assessments.
Award Ceremony
All companies reporting to CDP were rated according to the CDP methodology, one of the most reliable scoring methodologies in the world. A record increase was achieved this year with 23 companies from Turkey entering the CDP Global A List, one of the most prestigious lists in the world in the field of environment. Among these companies, Aydem Renewable Energy, Brisa, Mavi, Migros and Yapı Kredi succeeded in entering the Global A List in both Climate Change and Water Security categories, ranking among 61 leading companies worldwide.
Among the 358 Global A Companies receiving an A rating within the scope of the Climate Change Program, 18 of them are from Turkey, and among the 101 Global A companies within the Water Security Program, 10 are from Turkey. In addition, 32 companies succeeded in entering the CDP Turkey Leaders list by receiving a rating of (A-) in Climate Change and Water Security categories. 11 companies also received an A rating in the CDP Supplier Engagement Rating (SER) category, ranking among the SER leaders.
After the video screening containing messages from the CEOs of the companies that were Global A Leaders, the award ceremony was opened by Hasan Özçelik, President of the Public Oversight, Accounting and Auditing Standards Authority (KGK).
The closing speeches of the event were delivered by CDP Turkey Director Melsa Ararat and Sabancı University Corporate Governance Forum Director Ata Can Bertay.
CDP Global A Leaders
The award of Aydem Renewable Energy, which was among the CDP 2023 Global A Climate and Water Leaders, was received by SEÇ and Sustainability Group Director Cem Çelebi, Brisa’s award, ., Mavi Clothing Industry and Trade Inc., Migros Trade Inc., Yapı ve Kredi Bank Inc.
CDP 2023 Global A Climate Leaders: Abdi İbrahim Pharmaceutical Industry and Trade Inc., Adm Electricity Distribution Inc., Aydem Electricity Retail Sales Inc., Elsan Electrical Equipment Industry and Trade Inc., Gdz Electricity Distribution Inc., Gediz Electricity Retail Sales Inc., QNB Finansbank Inc., Sabancı Holding Inc., Şekerbank T.A.Ş., T.İş Bank Inc., T.Vakıflar Bank T.A.O., Temsa Skoda Sabancı Transportation Vehicles Inc., Turkcell Communication Services Inc.
CDP 2023 Global A Water Leaders: Carrefoursa Carrefour Sabancı Trade Center Inc., Coca-Cola Beverage Inc., Enerjisa Energy Inc., Park Cam Industry Trade Inc., T.Halk Bank Inc.
To access the CDP Turkey Climate Change and Water Security 2023 Report click here.
To access the presentation where the results of the CDP Turkey Climate Change and Water Security 2023 Report were shared click here.
To access the Turkish main findings section of the CDP Turkey Climate Change and Water Security 2023 Report click here.
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