Insights

Glossary

Clear definitions of the sustainability, climate, and ESG terms that matter most — from CBAM and CSRD to SBTi and PCAF. Written by Semtrio's advisory team.

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1.5°C Pathway

A 1.5°C pathway is an emissions trajectory consistent with limiting global average warming to 1.5°C above pre-industrial levels, used as the benchmark against which corporate climate targets are judged.

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360 Watch (EcoVadis)

360 Watch is the part of an EcoVadis score that EcoVadis fills in itself — external findings about a company gathered from press, NGOs, unions and regulators. It carries real weight (about 21% of a theme score), can only lower a score, and cannot be edited by the company.

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Accredited Consultant

An accredited consultant is a firm authorised by the Ministry of Trade to carry out Phase 1 of the Responsible Programme. Phase 1 must be run by the accredited firm's own team — no subcontractors — which makes the choice of consultant the decisive factor in the whole programme's outcome.

Activity Level Report

An Activity Level Report is the annual report in which a Türkiye ETS installation declares its production or activity levels for the previous year. These figures are used to adjust free allocation up or down where activity changes significantly.

Additional Capital Requirement

An additional capital requirement is a supervisory measure the BDDK Board may impose on banks that fail to meet a floor set for the green asset ratio or related indicators — tying a weak, low ratio directly to the bank's capital planning.

Additionality

Additionality is the requirement that the emissions reduction or removal a carbon credit represents would not have happened without the carbon project and the finance those credits provide.

Admission to Scope

Admission to scope is the Ministry of Trade's decision to accept an eligible company into the Responsible Programme's support. Beyond the export and manufacturer thresholds, it is a qualitative test of the company's sustainability vision, senior-management ownership and delivery capacity.

Allocation Report

An allocation report is the post-issuance disclosure in which an issuer states how much of a labelled bond's proceeds has been allocated, to which eligible projects, and how much remains unallocated.

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