2024 Turkey results and leading companies of CDP, the world’s largest environmental disclosure platform, have been announced.
The 2024 Turkey Results of CDP, the world’s biggest environmental reporting platform, of which Sabancı University Corporate Governance Forum has been the partner in Turkey, were announced on Friday, May 16, 2025, at the “CDP Turkey 15th Climate Change and Nature Conference: 2024 Results and Award Ceremony.” The “CDP Turkey 2024 Climate Change and Nature Report”, which includes the 2024 analyses and findings of CDP Turkey, which carries out its activities in Turkey under the main sponsorship of Garanti BBVA, and the CDP Global Leaders determined according to CDP’s Global Rating Methodology, were announced during the event.
New era and increased reporting at CDP
In 2024, CDP radically transformed its reporting structure by combining the Climate Change, Deforestation, and Water Security question sets into a single, integrated Corporate Question Set. Plastics and biodiversity were addressed as independent theme areas for the first time, while a new special SME Question Set for small-scale enterprises was also included in the reporting process. While approximately 25,000 companies worldwide disclosed their environmental data through CDP, 138 companies from Turkey reported. Compared to the previous year, the number of companies reporting in Turkey increased by 21% in the climate change theme area, 65% in the water security area, and a remarkable 220% in the deforestation area.
According to the CDP Turkey 2024 Climate Change and Nature Report, the vast majority of companies reporting to CDP from Turkey integrate environmental risks and opportunities into their senior governance and strategic decision-making processes. However, this progress is largely focused on climate change issues, disproportionately with other reporting themes. While there is a moderate level of institutional maturity in the area of water security, this level remains quite low for other environmental themes such as deforestation, plastics, and biodiversity. Companies need to integrate nature-based issues more strongly into their governance, strategy, and performance measurement systems to achieve balance in reporting.
Almost all companies are taking responsibility for climate change
According to the report, 98% of companies have taken responsibility for climate change at the board level, while 93% stated that their boards have climate competence. In addition, 78% of companies reported that they linked the compensation of senior executives to the success of climate targets. However, nature-based issues do not have enough weight in corporate governance structures and incentive systems.
82% of companies set specific targets related to water
Awareness and management capacity for water risks among companies in Turkey increased significantly in 2024. The number of companies reporting to the CDP within the scope of the theme of water security increased by 65% in one year. When the reports are examined, it can be seen that systemic risks caused by water stress are quite common. While 66% of companies stated that they draw water from stressed basins, 72% of the facilities are directly located in these high-risk areas.
Recycling, reuse, and circular product design are limited
As of 2024, companies reporting from Turkey began to map plastic use throughout their supply chains and set goals in this area. However, practices such as recycling, reuse, and circular product design are quite limited. 40% of companies have goals to reduce plastic raw material use and increase recyclability. 47% have mapped plastic use throughout their operations and supply chains. According to the report, only 30% of companies have a goal to prevent deforestation. While 70% have established a traceability system in their supply chains, only 10% reported that they actively monitor whether the products they supply actually meet these criteria.
Companies are taking steps to prepare for future regulations
92% of companies reporting from Turkey have either completely mapped their value chains or have started this process. Almost all of the companies (98%) report that they have implemented systematic processes to identify and manage environmental dependencies, impacts, risks, and opportunities. 80% of companies use scenario analysis for climate change and 55% for water security, compared to just 2% for deforestation. 59% of companies expect to be covered by carbon pricing systems within the next three years. 44% have already transformed their investment, spending, and revenue planning in line with their climate transition strategies.
CDP Turkey 15th Climate Change and Nature Conference
The opening speeches of the conference were made by Garanti BBVA Execuive Vice President Cemal Onaran and Sabancı Business School Dean Ayşegül Toker.
Cemal Onaran said, “Transparent reporting is no longer a choice, it is a necessity. We feel the impact of the climate crisis more and more each passing day, and none of us can solve this crisis alone. CDP, which guides the business world in the field of sustainability and enables us to create a common language, is therefore highly valuable. At Garanti BBVA, we are on the Global A List in both climate and water this year. This honorable result has also been a great source of motivation for the future. We are very proud to be the main supporter of CDP Turkey.”
Ayşegül Toker said: “At Sabancı Business School, we see contributing to the achievement of sustainable development in Turkey and the world, both through our own goals and through collaborations, as one of the most important elements of our strategy. The vital partnership we have established with CDP stands as strong proof of this important effort, and our Corporate Governance Forum serves as the pioneer of this critical initiative.”
Veronika Pountcheva, Board Member of the International Sustainability Standards Board (ISSB), who attended the conference online, stated that Turkey has made significant progress in sustainability and reporting, that many companies have published sustainability reports, and that this number is increasing. Pountcheva said, “There is also a strong interaction between ministries, regulatory bodies, standard setters, the financial sector, academia, and the business world in Turkey. The publication of reports in line with global sustainability standards is a very important step. Companies should integrate these reports into the core of their business processes, financial systems, decision-making mechanisms, and strategic planning.”
Tony Goldner, CEO of the Task Force on Nature-Related Financial Disclosures (TNFD), who sent a video message for the conference, said, “CDP’s integrated approach to climate and nature plays a key role in advancing the holistic environmental action that the world needs. We look forward to continuing to work together towards this common goal.”
In his speech, in which he conveyed the results of the “CDP Turkey 2024 Climate Change and Nature Report” based on the data of companies reporting from Turkey in 2024, CDP Turkey Country Programs Manager Mirhan Köroğlu Göğüş, made the following statements: “2024 was an important threshold year in terms of sustainability reporting. In the transforming reporting ecosystem, CDP played a critical role in achieving global data standardization. By encouraging consistent and comparable reporting on different themes including nature, such as climate, water, deforestation, plastics, and biodiversity, it contributed to the spread of interoperability in sustainability reporting.”
“Strengthening Interoperability in the Transforming Reporting Ecosystem” Panel
Moderated by Sabancı University Corporate Governance Forum Director Ata Can Bertay, the panel was attended by EBRD Climate Adaptation and Nature Finance Director Rachael Barza, GRI Strategic Communications Director Cristina Gil White, and CDP Europe Engagement Manager Benan Ürgün.
The panel discussed the changing role of institutions in the rapidly transforming sustainability reporting ecosystem in recent years and how they can work together more effectively in this new order. In her speech, Rachael Barza talked about the work they have carried out with companies and investors who are trying to understand their impacts and dependencies on nature. Barza emphasized that this process is not only about meeting reporting obligations, but also directly contributes to the emergence and shaping of nature-based investments. In her speech, Cristina Gil White said that sustainability reporting has become an established practice in the global business world and that Turkey is gaining momentum in this area. White emphasized that the CDP and GRI collaboration offers companies a more compatible and easier reporting process, and that they also aim for strong interoperability with reporting frameworks such as ESRS and ISSB. Benan Ürgün focused on the role of CDP in the changing reporting ecosystem, and talked about how CDP promotes interoperability between different climate and nature reporting frameworks and its compliance with mandatory reporting standards.
CDP Awards Ceremony - 28 Global Leaders from Turkey
CDP rated over 22,700 companies worldwide this year, only 2% of which earned the highest grade of “A”. 28 companies from Turkey were included in this group of leaders by making it onto CDP’s Global A List.
was made by Halil Hasar, Head of Climate Change, Ministry of Environment, Urbanization, and Climate Change, and Hasan Özçelik, Head of Public Oversight and Audit Standards Authority (KGK). Halil Hasar said, “Environmental reporting is becoming more critical every day in terms of access to sustainable financing mechanisms. In this context, CDP plays a key role in ensuring companies comply with regulations and providing transparent data. CDP’s contributions are valuable to us within the scope of Turkey’s 2053 Net Zero Target. At the Ministry of Climate Change, a transparent, consistent, and reliable sustainability reporting framework is indispensable for us.”
Hasan Özçelik said, “Transparency is the foundation of sustainability. At the Public Oversight Authority, we aim to increase the accountability of our business world against climate change and nature-based risks, strengthen the trust of investors, and ensure stronger compliance with the global sustainability agenda with the Turkish Sustainability Reporting Standards that we publish.”
The awards were presented by Halil Hasar and Hasan Özçelik to the 28 companies from Turkey that managed to enter the CDP Global Leaders. Then, messages from the CEOs of the leading companies were shared.
CDP GLOBAL A LEADERS
CDP 2024 Global A Climate and Water Leaders (Double A):
AKBANK T.A.Ş.
ANADOLU ISUZU OTOMOTİV SANAYİ VE TİCARET A.Ş.
ARÇELİK A.Ş.
AYDEM YENİLENEBİLİR ENERJİ A.Ş.
BRİSA BRIDGESTONE SABANCI LASTİK SAN. VE TİC. A.Ş
CARREFOURSA CARREFOUR SABANCI TİCARET MERKEZİ A.Ş.
ÇİMSA ÇİMENTO SANAYİ VE TİCARET A.Ş.
ENERJİSA ENERJİ A.Ş.
KORDSA TEKNİK TEKSTİL A.Ş.
MAVİ GİYİM SANAYİ VE TİCARET A.Ş.
MİGROS TİCARET A.Ş.
QNB BANK A.Ş.
SABANCI HOLDİNG A.Ş.
TÜRKİYE GARANTİ BANKASI A.Ş.
TÜRKİYE VAKIFLAR BANKASI T.A.O.
CDP 2024 Global A Climate Leaders:
ABDİ İBRAHİM İLAÇ SANAYİ VE TİCARET A.Ş.
ELSAN ELEKTRİK GEREÇLERİ SANAYİ VE TİCARET A.Ş.
FİBA YENİLENEBİLİR ENERJİ HOLDİNG A.Ş.
KOROZO GROUP
TEKNOSA İÇ VE DIŞ TİCARET A.Ş.
TÜRK TELEKOMÜNİKASYON A.Ş.
TÜRKİYE HALK BANKASI A.Ş.
YAPI VE KREDİ BANKASI A.Ş.
CDP 2024 Global A Water Reports:
BORÇELİK ÇELİK SANAYİİ TİCARET A.Ş.
COCA-COLA İÇECEK A.Ş.
ŞEKERBANK T.A.Ş.
T.C. ZİRAAT BANKASI A.Ş.
TÜRKİYE SINAİ KALKINMA BANKASI A.Ş.
To access the full report:
https://cdpturkey.sabanciuniv.edu/tr/content/cdp-turkiye-iklim-ve-doga-…