In Tekfen’s 2024 sustainability report, material issues were updated in line with double materiality, an approach gaining importance after its incorporation into corporate reporting processes under the European Union’s CSRD regulation.

Double materiality requires assessing both the impact of the Company’s activities on the external environment (inside-out) across Environmental, Social, and Governance (ESG) dimensions, and the risks and opportunities that these external factors pose to the Company’s financial performance (outside-in). Accordingly, the Company systematically addresses sustainability-related risks and opportunities as financial materiality, and its environmental, social, and economic impacts as impact materiality.

In Tekfen’s 2024 sustainability report, material issues were updated in line with double materiality, an approach gaining importance after its incorporation into corporate reporting processes under the European Union’s CSRD regulation.
Tekfen Double Materiality Matrix

Within the scope of the study, Tekfen’s environmental and social impacts across its entire value chain were analysed in depth, and multidimensional issues such as the climate crisis, natural resource use, human rights, labour practices, and the supply chain were assessed in terms of both impact and financial materiality. Considering the Company’s diverse business operations, the significance of each impact and risk was determined in light of strategic priorities, stakeholder expectations, sector dynamics, and regulatory developments, based on the criteria outlined below.

Tekfen Double Materiality Matrix
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