Türkiye’sPublic Oversight, Accounting and Auditing Standards Authority has amended the thresholds for mandatory reporting under the ISSB-aligned Turkish Sustainability Reporting Standards (TSRS).
Turkish companies are now required to apply the TSRS if they meet two of the following criteria in two consecutive accounting periods:
- Over 1bn Turkish Lira (TRY) in total assets
- Over 2bn TRY in annual net sales revenue
- Over 500 employees
Previously, the thresholds for reporting under the standards were set at: 500m TRY in total assets; 1bn TRY in annual net sales revenue; and 250 employees.
The amendments apply to accounting periods beginning on or after 1 January 2025.