Türkiye Green Taxonomy Regulation (“Regulation”) has been published in the Official Gazette dated 24 September 2026 and numbered 33380.
The Regulation introduces the Türkiye Green Taxonomy prepared under the Green Deal Action Plan with the aim of facilitating the transition to a low-carbon economy and ensuring alignment with the European Union’s climate change standards and policies, mobilizing climate finance, promoting sustainable investments and establishing a common classification system for identifying environmentally sustainable economic activities.
Under the Regulation, for an economic activity listed in Annex-1 (an “Eligible Economic Activity”) to be considered environmentally sustainable and aligned with the Türkiye Green Taxonomy (an “Aligned Economic Activity”), it must:
- make a substantial contribution to at least one of the environmental objectives set out under Article 7 of the Regulation;
- do no significant harm to any of the other environmental objectives;
- comply with the minimum social safeguards; and
- meet the technical screening criteria to be determined by the Climate Change Presidency (the “Presidency”) applicable to the relevant environmental objective.
In this context, the Regulation sets out six environmental objectives: climate change mitigation; climate change adaptation; sustainable use and protection of water and marine resources; transition to a circular economy; pollution prevention and control; and protection and restoration of biodiversity and ecosystems.
Scope and Reporting
Under the Regulation, institutions, organizations and enterprises carrying out at least one of the economic activities listed in Annex-1 may, on a discretionary basis, report on the taxonomy eligibility and taxonomy alignment of their activities.
However, taxonomy reporting is mandatory for the following financial institutions:
- intermediary institutions;
- investment companies;
- portfolio management companies;
- banks; and
- insurance, reinsurance and pension companies.
Financial institutions subject to mandatory reporting may require institutions, organizations and enterprises carrying out economic activities falling within the scope of Annex-1 to prepare taxonomy reports for the purposes of fulfilling their own reporting obligations.
The reports will also include key performance indicators calculated on the basis of turnover derived from taxonomy-eligible or taxonomy-aligned products or services, capital expenditure and operating expenditure. The reporting procedures and principles applicable to the real sector will be determined by the Presidency, while the reporting procedures, principles and reporting templates applicable to the financial sector will be determined by the Capital Markets Board, the Banking Regulation and Supervision Agency and the Insurance and Private Pension Regulation and Supervision Agency.
The Regulation entered into force on the date of its publication, with financial institutions subject to mandatory reporting being exempt from the taxonomy reporting obligation until 1 January 2029.
