Sustainability Agenda
22 July – 11 August 2026
7 updates
Important Amendments to Greenhouse Gas Emissions Disclosures under TSRS 2 Published
The Public Oversight, Accounting and Auditing Standards Authority of Türkiye (KGK) has published a Board Decision introducing important amendments to greenhouse gas emissions reporting requirements under TSRS 2 “Climate-related Disclosures.”
The amendments aim to incorporate into the Turkish Sustainability Reporting Standards the changes issued by the International Sustainability Standards Board (ISSB) under “Amendments to IFRS S2: Amendments to Greenhouse Gas Emissions Disclosures.”
With these updates, certain requirements relating to the measurement and disclosure of greenhouse gas emissions have been revised. The amendments introduce significant updates particularly regarding:
- Measurement methodologies that may be used for greenhouse gas emissions,
- The use of global warming potential (GWP) values,
- Disclosures relating to financed emissions, and
- Application requirements for financial institutions.
The amendments will apply to annual reporting periods beginning on or after 1 January 2027, with earlier application permitted.
Companies preparing sustainability reports under the TSRS framework should review their existing reporting practices in light of the new requirements, particularly with regard to greenhouse gas emissions measurement, data collection processes and related disclosure requirements.
Regulation on Local Climate Change Action Plans and Provincial Climate Change Coordination Boards Published
The “Regulation on Local Climate Change Action Plans and Provincial Climate Change Coordination Boards,” prepared by the Ministry of Environment, Urbanisation and Climate Change of Türkiye, has been published in the Official Gazette and entered into force.
The Regulation sets out the administrative and technical principles governing the preparation of Local Climate Change Action Plans (LCCAPs), with the aim of strengthening climate change adaptation at the provincial level and reducing greenhouse gas emissions in line with Türkiye’s net-zero emissions target, Nationally Determined Contribution (NDC) and relevant national policy and planning instruments.
Within this framework, the Regulation covers the preparation, implementation, monitoring, evaluation and reporting of LCCAPs, as well as coordination mechanisms for climate action at the provincial level and the duties and working procedures of Provincial Climate Change Coordination Boards.
According to the Regulation, LCCAPs are required to include information on each province’s geographical, ecological, demographic, social, cultural and economic characteristics, together with its climatic conditions and climate change-related loss and damage.
In addition, the plans are expected to include:
- Provincial-level climate risk assessments,
- Climate adaptation targets and related actions,
- Greenhouse gas emissions inventories,
- Emissions reduction targets, and
- Mitigation measures designed to achieve these targets.
The Regulation aims to establish a more systematic, measurable and coordinated framework for climate action at the local and provincial levels.
Corrections to the CBAM Implementing Regulation on Default Values Published
The European Commission has introduced a number of corrections to the Implementing Regulation governing the determination and application of default values under the Carbon Border Adjustment Mechanism (CBAM).
Under the newly published amendments, Annexes I and IV of the Regulation have been revised. The corrections include updates to:
- Production route indicators for certain products,
- CN/TARIC codes,
- Country names, and
- Default emission values.
Missing data have also been completed, while certain provisions relating to the calculation methodology have been clarified.
In addition, specific rounding and calculation methods have been revised with the aim of ensuring more accurate and consistent application of default emission values and the corresponding calculation of CBAM certificates.
These amendments are particularly relevant for importers and companies relying on default values in their CBAM calculations and reporting processes. Companies should therefore review the product codes, country-specific values and emission factors used in their CBAM calculation systems in line with the updated requirements.
Guidance Document on the Implementation of the UK Carbon Border Adjustment Mechanism Published
The Ministry of Trade of the Republic of Türkiye has published a comprehensive guidance document on the United Kingdom Carbon Border Adjustment Mechanism (UK CBAM).
The document provides detailed information on the scope and implementation principles of the UK CBAM, as well as the key obligations businesses will be required to meet under the mechanism.
The guidance particularly addresses:
- Liability and registration procedures,
- Calculation and verification of embedded emissions,
- Determination of the applicable CBAM rate,
- Application of carbon price relief,
- Declaration and payment obligations,
- Record-keeping requirements, and
- Compliance, audit and enforcement procedures.
The document also sets out the administrative and technical processes relating to the implementation of the mechanism and explains the principles governing the use of emissions data for calculation and reporting purposes.
In addition, a comparative table highlighting the key differences between the UK CBAM and the EU CBAM is provided, outlining differences between the two mechanisms in terms of their scope, calculation methodologies and implementation approaches.
Companies exporting to the United Kingdom and operating in sectors covered by the UK CBAM should therefore review their emissions calculation, data management, verification and reporting processes in preparation for the new requirements.
New Details Shared on CBAM Verifier Accreditation and Verification Processes
Important updates regarding the accreditation and verification processes for CBAM verifiers were shared during a webinar organized by the European Commission.
The webinar covered technical aspects including accreditation procedures, verification of embedded emissions, materiality assessment, risk analysis, treatment of data gaps, and site visits.
The information shared also provided further clarity on the administrative and technical expectations related to the verification process. In this context, key principles such as data quality, methodological consistency and verification approach were highlighted.
One of the most important announcements from the webinar was that CBAM verifiers will be able to start joining and registering in the CBAM Registry as of 1 September 2026.
This development marks an important preparation milestone for both organizations planning to act as verifiers and companies preparing to meet their obligations under CBAM.
Certain Provisions of the PPWR Will Start Applying as of 12 August 2026
Certain provisions of the Packaging and Packaging Waste Regulation (PPWR), adopted by the European Union to reduce the environmental impacts of packaging and prevent packaging waste, will start applying as of 12 August 2026.
The PPWR covers sales, grouped and transport packaging used for products placed on the EU market, regardless of the material type.
The Regulation introduces a range of obligations relating to:
- Packaging design,
- Conformity assessment,
- Preparation of technical documentation, and
- Ensuring traceability.
The “Information Note on the Packaging and Packaging Waste Regulation,” published by the Turkish Ministry of Trade, has been prepared in response to questions received from companies exporting to the EU. The document includes explanations particularly on:
- Heavy metal limits,
- PFAS restrictions for food-contact packaging,
- Technical documentation,
- The EU Declaration of Conformity, and
- The responsibilities of economic operators.
It also emphasizes that the obligations of Turkish exporters will be determined not only by their status as exporters, but also by the role they assume in the supply chain, such as manufacturer, importer or supplier.
The information note addresses only those provisions that will start applying on 12 August 2026 and aims to guide businesses in their preparation for the new requirements.
UNFCCC Publishes the New Global Climate Action Agenda Work Programme
The United Nations Framework Convention on Climate Change (UNFCCC) has published the first annual work programme under its new five-year Global Climate Action Agenda vision.
Rather than creating new commitments, the programme focuses on the implementation, acceleration and scaling-up of existing climate commitments.
In this context, the programme aims to strengthen collaboration and implementation coordination among:
- Governments,
- Companies,
- Investors,
- Cities, and
- Civil society organizations.
The work programme highlights that reaching climate goals depends not only on announcing commitments, but also on translating those commitments into concrete action and implementing them in a coordinated manner across different stakeholders.
This new approach provides an important framework for accelerating climate action on the ground, increasing the impact of existing initiatives and strengthening multi-stakeholder implementation processes.