REPORTING & COMPLIANCE

TSRS 2, IFRS S2, CSRD, and CDP — Full Compliance, One Team

Climate risk reporting obligations are becoming increasingly binding under the TSRS 2, IFRS S2, CSRD, and CDP frameworks. Through scenario-based technical reporting, CIRRUS provides a single point of service across all international climate risk frameworks.

TSRS 2 IFRS S2 CSRD CDP EU Taxonomy TCFD GRI / SASB DJSI BIST Sustainability

CORE FRAMEWORKS

Climate Risk Reporting Standards: TSRS 2, IFRS S2, CSRD, CDP

TSRS 2
Turkish Sustainability Reporting Standards
Climate Risk Integrated into Financial Statements

TSRS 2, published by the KGK, ushered in a new era for climate risk reporting in Turkey. CIRRUS reports climate risk data, scenario analyses, and disclosure metrics in a format that can be linked to financial statements. Fully comprehensive TSRS 2-compliant technical content is produced across the governance, strategy, risk management, and metrics dimensions.

Deliverables from CIRRUS
  • Scenario-based climate risk report
  • Linkage to financial statements
  • KGK and IFRS S2 integration
  • Governance, strategy, and risk management metrics
IFRS S2
International Sustainability Standards Board
International Climate Risk Disclosures

As part of climate risk reporting, CIRRUS prepares IFRS S2-compliant technical reports covering spatial assessment of physical risks, vulnerability scoring, and metrics that can be linked to financial statements. 1.5°C, 2°C, and 4°C scenario analyses are presented in a structure aligned with the four TCFD pillars.

Deliverables from CIRRUS
  • Spatial assessment of physical risk
  • Vulnerability scoring
  • Scenario analysis (1.5°C, 2°C, 4°C)
  • Structure aligned with the four TCFD pillars
CSRD
Corporate Sustainability Reporting Directive
Compliance for EU-Linked Turkish Companies

For Turkish companies subject to indirect CSRD obligations due to their EU subsidiaries or customers, CIRRUS builds climate risk reporting data sets, EU Taxonomy-compliant metrics, and content integrated into group reporting. A transition roadmap from TSRS 2 to CSRD is also included.

Deliverables from CIRRUS
  • Climate data set preparation
  • EU Taxonomy metrics
  • Content integrated into group reporting
  • TSRS 2-to-CSRD transition roadmap
CDP
Carbon Disclosure Project
Score-Focused Strategic Support

As part of climate risk reporting, CIRRUS produces technically supported content for the risks and opportunities, adaptation plans, and scenario analysis sections of the CDP climate change questionnaire. Strategic support focused on raising the CDP score is delivered together with a sector-benchmarked gap analysis.

Deliverables from CIRRUS
  • Risks and opportunities section
  • Technical content for adaptation plans
  • Scenario analysis sections
  • Score-improvement-focused strategy

OTHER FRAMEWORKS

Additional Frameworks and Services in Climate Risk Reporting

ESG Advisory

GRI, SASB, TCFD, BIST, DJSI, MSCI, Sustainalytics. ESG performance report and investor presentation package.

Green Bonds & Sustainable Finance

EU Taxonomy compliance report, technical green bond analysis. DJSI, GREBS, and international index requirements.

BIST Sustainability Index

Preparation of climate risk data, scenario analyses, and disclosure metrics for the BIST compliance process.

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Science-Based Data

High-resolution climate projections produced using IPCC AR5/AR6, MPI-ESM-MR + RegCM4 models.

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A Turkish First

The first team in Turkey to conduct a climate scenario-based credit portfolio analysis. Contribution to Garanti BBVA's DJSI score.

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One-Stop Service

From TSRS 2 to CSRD, from CDP to EU Taxonomy — one team, one consistent methodology across all frameworks.

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Regulatory Monitoring

An expert team that closely tracks current standards in a constantly evolving regulatory environment.

Let's Assess Your Reporting Obligations Together

Get technical support to meet your climate risk reporting obligations under TSRS 2, IFRS S2, CSRD, or CDP. You can access the IPCC’s latest reports on the scientific basis of international reporting standards here.