The Turkish textile industry is a major player in the European market, and the impact of the Green Deal on this sector could be significant. The ready-to-wear and apparel industry realized exports of 21 billion 205 million dollars in January-December 2022, with an increase of 4.8 percent compared to the previous year. Looking at the […]
The EU’s Corporate Sustainability Reporting Directive (CSRD) is a new EU directive that requires certain large companies to disclose information on their environmental, social and governance (ESG) performance. Companies with more than 250 employees and an annual turnover of more than €40 million or a balance sheet total of more than €20 million will be required to comply with its reporting requirements.
Turkey is going through a transformation. The economic and political changes require businesses to closely monitor and quickly respond to the policy and regulatory changes. The companies that ignore how the public institutions view their business and intend to regulate their sector are at a risk.
Turkey aims to focus on improving Public Finance by simplifying tax regulations, employing investor-friendly and predictable strategies, strengthening public debt management and expenditure discipline, and drafting public-private cooperation legislation along with a public economic enterprise reform.
By conducting an agile transformation in the horticulture sector, Royal FloraHolland creates new opportunities for its growers and customers. It provides valuable lessons for the organizations that seek to reinvent themselves in the digital age while keeping their business stable.
* This is a part of our ESG article series prepared in partnership with Corpera Consulting and ACE Consultancy. Over the past few years, environmental, social and governance (ESG) issues have been even more important than expected. ESG factors became a key area of focus for a range of stakeholders and companies. The rise of […]
We have to understand where this discussion, which was sparked by the announcement of Business Roundtable, represented by the CEO of 181 international companies, in August, and how it might have consequences. You ask why? Because a new understanding is coming that defends that companies should take advantage of other stakeholders, especially employees and society, as well as […]
In order to develop good corporate strategies, business leaders should understand the fundamental choices of Turkey rather than being blindfolded by the political noise. Turkish people will vote on April 16 to decide whether President Erdogan should have greater executive powers. The Yes vote has a narrow lead in the polls, but the only thing that can be […]
However, neither governments nor businesses can do so independently of each other. There is a need for a coherent approach to make sure that both sides work together to generate opportunities and minimize the downside risks.
Government’s decision to increase the minimum wage by 30% has fundamentally affected the business environment in Turkey. The stakes are too high for each player. Employees are looking for better financial and working conditions. Managers are struggling to decrease the costs to meet shareholder expectations. Investors want better returns. Labor unions are trying to find a compromise […]
A common mistake businesses make in their public affairs strategy: assuming that it’s only by directly communicating with a legislator will help them solve their problems. But as lobbying is an attempt, there is no guarantee of success. For this attempt to be successful, companies must present a compelling argument supporting their lobbying goal. This is where advocacy […]
As the research demonstrates, issues such as over-regulation, policy uncertainty, trade conflicts, geopolitical uncertainty, protectionism and populism significantly affect a company’s business objectives. Therefore, a great deal of senior management’s attention and resources should be dedicated to these matters.
The reason why a business existed was to make money in the past decades. For those who wanted their investment to pay off and grow, both the good and bad things that happened to the community surrounding their business were not at the forefront. However, time has changed not only for investors but also how […]
However, having such a function does not justify PA and PR’s interchangeable use, which often results in embarrassment and confusion in professional settings. Thus, it is of grave necessity to distinguish these fields from one another and draw some thick lines for the folk in the business world to avoid mix-ups and misconceptions.
Brussels has now become a center that sets the rules for the international business world. The EU not only determines which rules private companies will adhere to provide products and services to their citizens, but also becomes a key actor in the global economy by exporting policies and regulations to the countries outside the union, […]
The roots of ESG goes back to 2006 when former Secretary-General of the United Nations, Kofi Annan, encouraged large financial institutions to join the ESG Capital Markets Integration Initiative under the United Nations Global Compact.
The sharp divide between against and for groups and their determined position left almost no room for reconciliation. Are all these projects dangerous or the backlash is unjustified? Or is this divide simply caused by poor social management?
In our previous article about environmental investment, we talked about why it’s getting important to invest in an environmentally responsible future. It is an area that currently receives a great deal of attention, as concerns about climate change are becoming an ever-growing emergency. Even though there’s a lot more to be done on the environmental part, questions regarding […]
Lobbyists attempt to influence proposed or existing legislation and policy through various means. Sometimes by directly communicating with a government official who can influence the legislation and other times by mass mobilizing the public around a specific legislative issue, the latter is called grassroots lobbying.
As the global community emerges from months of strict measures, we all look forward to getting back to normal. Working from a distance has changed our mindset about the future of work at every level of community. Countries, public institutions, and companies will face multiple challenges in preparing for the future of work. A McKinsey […]
The crises we have faced over the past few years have resulted in tremendous shifts in the economic, social, and political environment, yet they have become the main drivers of change on a global scale. To tackle the crises, creating new policies urgently and a more holistic approach becomes a necessity.
Following his remarks, the Turkish parliament has ratified the agreement on Wednesday, October 6. Along with its much-anticipated outcomes for the environment, the ratification of the Paris Agreement is expected to create a significant impact on Turkey’s private sector in terms of investment, production, and employment policies and accelerate ESG activities for businesses across the country.
In today’s highly regulated business environment, the implementation of appropriate government relations strategies has proven to help businesses gain an important competitive advantage in the market. For this reason, most companies allocate time and resources to managing their government relations.
Mihriban Demir & Mehmet Cakmak • Social Management
Almanya’da, ticarette sosyal ve çevresel boyutu gözetecek yasa 1 Ocak’ta yürürlüğe girecek. Türk tedarikçileri de ilgilendiren yasadaki kriterlere uymayanlara yıllık satışlarının yüzde 2’sine varan ceza kesilecek.
Today, many companies feel the pressure to respond to the growing public interest in environmental, social and governance (ESG) issues. Those who already invested in this area are quite unsure about how to improve their ESG performance. So, how can you confidently start the sustainability path or improve your ESG score? We have 6 recommendations on how to boost your ESG performance.
The world’s largest attended climate change conference, COP27, started on 6 November 2022. The agenda of COP27, held in Sharm el-Sheikh, Egypt, is clear: Climate justice and loss-harm mechanisms. World leaders are coming together to discuss actions to combat the climate crisis at the 27th United Nations (UN) Climate Summit (COP27).
The European Council and Parliament agreed to amend the Corporate Sustainability Reporting Directive (CSRD) on 10.11.2022. Along with this recent development, new environmental, social and governance (ESG) reporting requirements in the European Union are set to fundamentally change the nonfinancial reporting landscape.