THE TSRS FRAMEWORK
The four core areas of TSRS
WHAT WE DO
Our services
Scope and roadmap
Determining the TSRS obligation, current-state and needs analysis; preparing a TSRS 1 and TSRS 2 compliance roadmap.
Risks, opportunities and materiality
Identifying sustainability- and climate-related risks and opportunities; materiality assessment; structuring governance, strategy, risk management, metrics and targets.
Data and processes
Identifying data sources and responsible units; setting up data collection, control and reporting processes, including greenhouse gas data.
Readiness for reporting and assurance
Consistency checks against the financial statements, technical support in preparing the report, hands-on training for management and teams, and documentation in preparation for assurance.
We do not provide sustainability assurance services.
WHO MUST REPORT
Which companies fall under TSRS?
Capital markets institutions and listed companies, banks and other financial institutions, insurance and pension companies, and entities operating in precious metals are in scope. Entities in these groups report under TSRS when they exceed at least two of the three criteria below for two consecutive reporting periods. No threshold applies to banks.
| TOTAL ASSETS | NET SALES REVENUE | NUMBER OF EMPLOYEES |
|---|---|---|
| TRY 1 billion | TRY 2 billion | 500 |
For 2026 reports: The transition relief allowing the sustainability report to be published after the financial statements has been extended to 2026 reports for all entities.
Source: KGK Board Decision 01/21634, as amended by the Decision of 13 January 2026 (Official Gazette 16 January 2026, No. 33139), for periods beginning on or after 1 January 2025. KGK Board Decision of 19 October 2026 (Official Gazette 22 October 2026, No. 33408). For general information only.
FAQ
Frequently asked questions
What is the difference between TSRS 1 and TSRS 2?
TSRS 1 sets out the general disclosure requirements for all sustainability-related risks and opportunities. TSRS 2 covers disclosures specific to climate-related risks and opportunities.
When is the sustainability report published?
As a rule, it is published at the same time as, and for the same period as, the related financial statements. By the KGK decision dated 19 October 2026, 2026 reports may be published after the financial statements.
Is it mandatory to report Scope 3 emissions?
Under the transition provisions of TSRS 2, disclosure of Scope 3 greenhouse gas emissions is not required in the first reporting period. Additional reliefs apply to certain financial institutions.
Can we prepare a report if we are outside the scope?
Yes, voluntary reporting is possible. For a report to state compliance with TSRS, the requirements of the standards must be met.
Do you provide sustainability assurance?
No. We provide advisory and assurance-readiness services; we do not provide assurance engagements.
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