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<p><strong>Berlin, 31.10.2019</strong> – The German Sustainability Code (DNK) has been awarded the ISAR Honours 2019 by the United Nations Conference on Trade and Development (UNCTAD). The award ceremony took place on 30th October 2019 in Geneva at the annual session of ISAR (Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting).</p>
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<p>This international award recognises initiatives that deliver an outstanding contribution to transparency regarding sustainability in businesses, particularly through enhancing the comparability and quality of companies’ reporting on sustainability issues. A Review Committee of distinguished international experts selects the award winners based on their effective encouragement and assistance for companies’ reporting on sustainability performance. The experts were impressed by the Sustainability Code’s user friendliness for both the reporting companies and the reports’ target audience.  Readers can access and compare the reports by means of the Code’s free online database and external users can also conduct meta-analyses. A technical interface allows immediate usage of the published information in other evaluation systems. As an open source solution for ecological, social and governance (ESG) data, the Code therefore also contributes to Sustainable Finance.</p>
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<p>For Yvonne Zwick, Deputy Secretary General and Head of the Sustainability Code Office, the Code’s users are a pillar of its success. “We are very grateful to accept the ISAR Honours 2019 Award on behalf of all the companies that comply with the Sustainability Code and thus promote standardised and focused sustainability reporting”, she commented. “We would like to thank the Review Committee for its positive evaluation of the Code. This award supports our ambition to establish the Code internationally – as a standard that is open to all and easy to use”, she added.</p>
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      string(3360) "<strong>Athens, 9th April 2019</strong> – Turkey is about to become the third country with a national Sustainability Code. The Turkish Sustainability Code, the result of a cooperation between the Sustainability Code and the Turkish Center for Sustainable Production Research and Design (SÜRATAM), was announced at the Sustainability Outlook 2019 conference in Athens on 5th April 2019. Dr. Hüdai Kara and Julia Graner, Director and Manager of the Turkish Sustainability Code project, respectively, attended the conference to represent SÜRATAM.

The Sustainability Code, a reporting standard introduced by the German Council for Sustainable Development (RNE) in 2010, is open to independent, country-specific adaptations. According to the RNE, further EU and global parties are interested in the experiences with the Sustainability Code and its options for national adoption along with Turkey who is at an advanced stage of adaption and implementation.

The Sustainability Code and SÜRATAM agreed to cooperate on an adaption of the Sustainability Code at the end of 2018. Currently the Turkish Sustainability Code is at a stage of consultation with stakeholders and work on an adaption of some of the criteria to the local conditions. Relevant stakeholders and actors identified are academia, local and multinational companies, business associations, chambers of commerce, as well as civil society and consultants. The most important activities include networking to interlink relevant aforementioned actors in the development of the Code and researching further cooperation opportunities. Some important milestones including the Turkish translation of the Code and a bilingual web presence have been achieved. The Turkish Sustainability Code team is based in the offices of SÜRATAM and makes use of SÜRATAM’s members and extensive industrial network to further raise awareness of sustainability topics in all sectors and industries.

“The cooperation is a milestone for sustainability reporting in Turkey, where sustainability reporting is voluntary and at a comparatively low level. The Turkish Sustainability Code will serve local companies from small to large as a tool for transparency and assessment on sustainability. The introduction may even lay the foundation for a Code-inspired sustainability index of listed companies based on accepted KPIs and metrics.” says Dr. Kara, a member of the board at SÜRATAM and Director of the Turkish Sustainability Code.

The partnership between the Code and SÜRATAM shows that the contents of the Code are cross-border relevant and applicable. A look at the widely varying standards of sustainability reporting and the growing interest in standardization underlines that an instrument such as the Code, which focuses on materiality, commitment and transparency, can offer a good and feasible option to internationally promote sustainable business practices.

Commenting on the announcement, Yvonne Zwick, Head of the Sustainability Code Office and Deputy Secretary General at the German Council for Sustainable Development noted: “The team in Turkey is laying the foundation to kick start the disclosure of sustainability efforts from companies of all sizes in Turkey. We are delighted to witness the announcement of the Turkish Sustainability Code and welcome them to the Code family.”"
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<p>This international award recognises initiatives that deliver an outstanding contribution to transparency regarding sustainability in businesses, particularly through enhancing the comparability and quality of companies’ reporting on sustainability issues. A Review Committee of distinguished international experts selects the award winners based on their effective encouragement and assistance for companies’ reporting on sustainability performance. The experts were impressed by the Sustainability Code’s user friendliness for both the reporting companies and the reports’ target audience.  Readers can access and compare the reports by means of the Code’s free online database and external users can also conduct meta-analyses. A technical interface allows immediate usage of the published information in other evaluation systems. As an open source solution for ecological, social and governance (ESG) data, the Code therefore also contributes to Sustainable Finance.</p>
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<p>For Yvonne Zwick, Deputy Secretary General and Head of the Sustainability Code Office, the Code’s users are a pillar of its success. “We are very grateful to accept the ISAR Honours 2019 Award on behalf of all the companies that comply with the Sustainability Code and thus promote standardised and focused sustainability reporting”, she commented. “We would like to thank the Review Committee for its positive evaluation of the Code. This award supports our ambition to establish the Code internationally – as a standard that is open to all and easy to use”, she added.</p>
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