Insights
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.
Transition risk is the financial risk an organisation faces from the shift to a low-carbon economy — arising from policy, technology, market and reputational change, rather than from the physical effects of climate change itself.
The Türkiye Emissions Trading System (Türkiye ETS) is the national carbon market established under Climate Law No. 7552; it imposes allowance, monitoring-reporting-verification, and surrender obligations on covered industrial and energy installations, beginning with a 2026–2027 pilot phase.
The Türkiye Green Taxonomy is Türkiye's national classification of environmentally sustainable economic activities. Still in draft, it is set to become the reference standard for the green asset ratio, replacing the EU Taxonomy currently used.
TSRS are the Türkiye Sustainability Reporting Standards — mandatory sustainability disclosure standards issued by the Public Oversight Accounting and Auditing Standards Authority (KAP) that require listed companies and financial institutions in Türkiye to disclose material sustainability-related risks and opportunities and climate-related information, substantially aligned with the ISSB's IFRS S1 and S2 standards.
The UN Global Compact is the world's largest voluntary corporate sustainability initiative, asking companies to align with Ten Principles on human rights, labour, environment and anti-corruption and to report progress each year.
A unique identifier that links a physical product to its Digital Product Passport. Under the EU Ecodesign for Sustainable Products Regulation (ESPR), each product model, batch or individual item is assigned an identifier that is encoded in a data carrier (such as a QR code) and resolves to the product's passport record.
If you're working through a regulatory framework or sustainability challenge and need clarity on a specific term or concept — our team is here to help directly.
