Opportunities and risks for CO2 intense sectors in Turkey
||The system is temporarily closed to updates for reporting purpose.
Sabuncu, Tanyeli Behiç (2012) Opportunities and risks for CO2 intense sectors in Turkey. [Working Paper / Technical Report] Sabanci University ID:10.5900/SU_SOM_WP.2012.18904
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Over 3,000 organizations in some 60 countries now disclose their greenhouse gas emissions, water management and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of institutional investors, purchasing organizations and government bodies, then, made available to CDP signatories for integration into business and policy decision-making.
Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place. Since the beginning of the year 2010, Turkey is included in Carbon Disclosure Project with the support of Akbank and Ernst & Young-Turkey. The project is managed and controlled by Sabanci University Corporate Governance Forum, which has become a centre of expertise
on corporate disclosure over the years. 50 companies, which constitute the Istanbul Stock Exchange’s ISE-50 index, have been invited by CDP Turkey in the year of 2010 to disclose climate change related information,10 of those companies responded to CDP’s invitation and presented their carbon emission
levels and risk management strategies to international investors through the CDP platform. Additionally one company joined the CDP voluntarily.
In the year 2011, the invitation is extended to 100 companies constituting Istanbul Stock Exchange’s ISE-100 index. A total of 17 ISE 100 companies responded to CDP, including two ISE 100 firms whose international parent companies answered the questionnaire on their behalf. In addition, there are three voluntary responses outside the ISE 100 sample, which increased the number of direct CDP responses from Turkish companies to 20. In 2012, CDP Turkey aims to enlarge its scope to cover both listed and non-listed firms in
carbon intense industries through voluntary disclosure in collaboration with sector organizations. This report discusses the conditions in CO2 intense sectors of Turkey, in terms of market conditions, current & potential regulatory risks and opportunities. The first sections of the report elaborate on comparative GHG emission trends in Turkey. The second section lays down leading firms in the largest industries and the most CO2 intensive sectors in Turkey. The third section draws attention to the market dynamics in carbon intense industries. And the last section, points out risks and potential opportunities for those industries, including EC legislation and initiatives to transform consumption and production patterns.
|Item Type:||Working Paper / Technical Report|
|Deposited By:||Tanyeli Behiç Sabuncu|
|Deposited On:||01 Mar 2012 11:08|
|Last Modified:||29 Jul 2019 10:50|
Repository Staff Only: item control page