SUSTAINABILITY BULLETIN (ISSUE 8)

MESSAGES FROM TRASTA ESG

?ZGüN ?INAR, CEO

Our country's legislation continues to take shape regarding sustainability. In this bulletin, we have analysed the "Principles and Procedures Regarding Corporate Sustainability Reporting Training" published by the Public Oversight, Accounting and Auditing Standards Authority. Although there are uncertainties regarding the content of the climate law expected to be on the agenda of the Turkish Grand National Assembly in 2024, the footsteps are becoming increasingly louder. We will continue to follow these changes and keep you informed in our bulletins. Stay sustainable...

?

ESG NEWS

• China's power generation from fossil fuels fell in May, Bloomberg reports, as hydroelectric and solar power surged, indicating that the country “may have peaked emissions” years before its goal to do so by 2030.?DETAIL
• The conflict in Gaza has created unprecedented soil, water and air pollution in the region, destroying sanitation systems and leaving tons of debris from explosive devices, a United Nations report on the environmental impact of the war said on Tuesday.?DETAIL
• Russia’s war in Ukraine has resulted in greenhouse gas emissions equivalent to about 175 million tonnes of carbon dioxide, a group of climate experts has estimated. The extra warming from these emissions will lead to an additional $32 billion of damages from extreme weather around the world. Ukraine intends to add these climate-related costs to the list of damages for which it says Russia is responsible, and for which it will demand compensation.?DETAIL

• ?The European Supervisory Authorities (ESAs) have proposed new categories for financial products under the Sustainable Finance Disclosure Regulation (SFDR) to address greenwashing and improve clarity for investors. The proposed categories, “Sustainable” and “Transition,” aim to provide clear criteria for sustainable investments and enhance consumer protection.?DETAIL
• "Deposit Management System" studies carried out by the Turkish Environment Agency (Tü?A) have been completed.? With this system, which will be implemented nationally in 2025, disposable packages with a volume of 0.1 to 3 liters will be recycled.? 25 kuru? will be paid for each bottle or box and these money can be used for shopping.? Payments will be made to the "e-wallet" account opened through the infrastructure of Türkiye Emlak Kat?l?m Bankas?.?DETAIL
• The lower house of the Swiss parliament voted to reject a ruling ordering Switzerland to do more to combat global warming in a move that could encourage others to resist the influence of international courts. In April, the European Court of Human Rights in Strasbourg issued an unprecedented judgment that said Bern had violated the human rights of a group of older Swiss women, the KlimaSeniorinnen, by failing to tackle climate change.?DETAIL

??GREEN COLUMN??

POLITICS HAS NO CHANCE TO HINDER SUSTAINABILITY

Sometimes we see and know that political concerns can delay or even hinder the steps to be taken to achieve a sustainable world. The most obvious example of this is the recent "green legislative regulations" proposed in both the European Union and the United States, where compromises and retractions were made due to public reactions.

Furthermore, before the COP29 climate talks in Azerbaijan, countries came together in Bonn with the hope of reaching an agreement on the necessary climate financing amount and its distribution principles, but no consensus was reached.

However, the opinions of societies (or individuals, we can say) are becoming clearer and they are expressing these opinions through various means. Do you want an example? Here is an example: the 2024 Community Climate Referendum survey... We can easily call this study the world's largest independent public opinion survey. The study was conducted over 8 months and questions were posed to more than 73,000 people in 77 countries. The populations of the countries involved in the study represent 87% of the total world population.

When we look at the important outcomes of the survey, the point we want to emphasize becomes clearer:

• In 80% of the countries participating in the survey, the majority of people say they are more concerned about climate change compared to the previous year.
• Climate change is already affecting the major decisions of over two-thirds of the participants (69%), such as where they live, work, and what they buy. Nearly half of the respondents (43%) believe that extreme weather events are worse this year than usual.
• There is a divided opinion among participants worldwide regarding the adequacy of the measures taken by their countries to address climate change. While almost half of the respondents (49%) say the measures taken by their countries are good, a quarter (25%) say they are bad, and about a quarter (23%) say they are neither good nor bad.
• In almost nine out of ten countries surveyed (89%), when asked to choose between the government, the UN, large companies, campaigners and activists, religious and community leaders in terms of who has the biggest impact on climate change, people believe it is their own governments. However, four out of five people (80%) believe and demand that their countries strengthen their climate action commitments.
• For example, the majority in 85% of countries wants their countries to transition quickly to clean energy, and eight out of ten people (78%) want more protection for those at risk from extreme weather conditions.
• Four out of five people worldwide (81%) believe that their countries should do more to protect and restore nature.
• 80% of the participants also believe that schools in their countries should provide more education about climate change.
• A large majority (86%) of people worldwide demand collaboration on climate change. Furthermore, 79% want wealthy countries to provide more aid to relatively poorer countries in their fight against climate change.

These statistics show that societies have already reached a consensus on issues where politicians have failed to reach an agreement. They are saying that there needs to be a transition to renewable energy, reduction of environmental impacts, more active involvement of wealthy and developed countries in financing investments for these purposes, and more comprehensive collaborations to effectively combat climate change.

The rapid adoption of this understanding in political platforms will undoubtedly make the transition to a sustainable world much easier.

?zgün ??nar, CEO

?

ABOUT US

Trasta ESG, is a consulting firm in Turkey that offers services such as gap analysis and sustainability consulting, providing businesses with the opportunity to determine their ESG score using a "Sustainability Assessment and Management Platform" designed according to international standards and tailored to different sectors.

Our motto is, "We are with you at every stage of your sustainability journey!"

You can explore our services in detail here and reach us through the links below.

Click for our corporate web site…

Telephone: +90 (216) 455 39 66

Email: [email protected]

?

?