Preparing sustainability reports under TSRS 1 and TSRS 2: A practical guide

Sustainability is a comprehensive concept that aims to achieve a balance between economic development, environmental protection, and social well-being. Today, sustainability is not only considered an ethical responsibility for businesses but also a strategic element that provides a competitive advantage. Businesses turn to sustainability reporting to transparently present their sustainability practices to their stakeholders and demonstrate their performance in this area. Sustainability reporting enables businesses to measure, manage, and share their economic, environmental, and social impacts with relevant stakeholders. This reporting is a critical tool for monitoring the development of a company's sustainability performance and is becoming increasingly widespread. Various standards and guidelines have been developed for sustainability reporting, which is becoming widespread globally, and the Turkey Sustainability Reporting Standards (TSRS) provide important guidance in this area in Turkey. The Turkish Sustainability Reporting Standards (TSRS 1 and TSRS 2) are a comprehensive reporting framework that enables companies to disclose their sustainability and climate-related risks and opportunities in an integrated manner alongside non-financial information. These standards aim to enable companies to present their long-term value creation processes in a transparent and accountable manner. The questionnaire developed within the scope of this thesis aims to collect comprehensive and systematic information from businesses required to prepare sustainability reports across the four key areas (governance, strategy, risk management, and metrics and targets) as outlined by TSRS 1 and TSRS 2 standards. In the final stage of the thesis, 18 national and international reports were reviewed in order to analyze the existing reports.