In line with global taxonomy initiatives aimed at defining and promoting sustainable economic activities, the draft “Türkiye Green Taxonomy Regulation,” aligned with the European Union (“EU”) taxonomy and tailored to Türkiye’s specific needs, has been published by the Ministry of
On November 4, 2024, the European Financial Reporting Advisory Group (EFRAG) published the Draft Implementation Guidance on Transition Plans for Mitigating Climate Change. This guidance aims to assist companies in reporting their climate transition plans transparently and consistently under the
On May 24, 2024, the European Council announced the approval of the Corporate Sustainability Due Diligence Directive (“CS3D”) by the Member States. This marked the final step in the adoption of the law, which imposes mandatory obligations on large companies
The Critical Raw Materials Act (“CRMA”), proposed by the European Commission on March 16, 2023, aims to ensure a diverse, secure, and sustainable supply of critical raw materials for European Union (“EU”) industries and came into force on May 23,
On May 27, 2024, the Council of Europe announced that member states have approved new regulations for an “Ecodesign” framework that sets sustainability requirements for almost all products across the European Union, and introduced a new ban on the destruction
The European Securities and Markets Authority (ESMA), the European Union’s markets regulator, announced on May 14, 2024, the publication of its final guidelines (the “Guidelines”) on the use of ESG and sustainability-related terms in investment fund names.
The Guidelines include required