Official Licensed Partner in IFRS Sustainability Training
IFE Istanbul Finance Institute has become a member of the IFRS Sustainability Alliance and an official licensed training partner under ISSB Sustainability Standards (IFRS S1, IFRS S2) through agreements signed with the IFRS Foundation. TSRS compliance is now mandatory for over 300 companies in Turkey.
IFE Istanbul Finance Institute is the official Licensed Training Partner appointed by the IFRS Foundation in Turkey as of April 2026. This status authorizes IFE to conduct training, certification, and publication activities for ISSB S1 (general sustainability disclosures) and ISSB S2 (climate-related disclosures) standards using IFRS Foundation-sourced content.
Two Official Agreements: A New Standard in Sustainability Education
IFE has gained different statuses under two separate agreements signed with the IFRS Foundation. The IFRS Foundation is an independent, public-interest organization that develops accounting and sustainability standards applicable in 169 countries.
IFRS Sustainability Alliance Membership
IFE has joined the IFRS Sustainability Alliance, which includes over 400 global member organizations. This membership provides access to the global training and knowledge-sharing network in the field of sustainability reporting.
Licensed Training Partner: ISSB S1 and S2
Under the IFRS Sustainability Disclosure Standards (ISSB S1: general disclosures; ISSB S2: climate-related disclosures), IFE is authorized to conduct training, certification, and publication activities using official IFRS Foundation content.
IFRS Sustainability Training Portfolio: Six Formats
IFE delivers IFRS Foundation-licensed content in six different formats. Every program is aligned with Turkey's Sustainability Reporting Standards (TSRS), the Turkish adaptation of ISSB standards.
In-Person Training
Interactive programs with expert instructors in corporate training venues across Istanbul and other cities. Focused on TSRS compliance.
Virtual Classroom (Zoom)
Live instructor-led remote training programs. Open to participants from Turkey and neighboring countries.
Online Certificate Courses
Self-paced, IFRS Foundation-accredited online certification programs. Completion certificates are based on IFRS-licensed content.
Corporate Training Solutions
TSRS compliance training tailored for banks, insurance companies, and publicly listed companies, aligned with each institution's reporting schedule.
Public Sector Collaboration
Sustainable finance and reporting projects carried out with public institutions and municipalities under our IFRS partnership, combining corporate transparency with strategic development.
Publications and Technical Guides
IFRS Foundation-licensed training materials, implementation guides, and technical publications. All content is available in Turkish.
This partnership with the IFRS Foundation is a natural outcome of IFE's 15-year vision. Sustainability reporting in Turkey is no longer a choice — it is a requirement. We are proud to help finance professionals prepare for this transformation.
Half a Century of Global Standard Authority: The IFRS Foundation
The IFRS Foundation is an independent, not-for-profit public interest organization. Restructured in 2001 as the successor to the IASC founded in 1973, it develops global reporting standards used in 169 countries and jurisdictions. Headquartered in Canary Wharf, London, the Foundation houses the IASB (International Accounting Standards Board) for accounting standards and the ISSB (International Sustainability Standards Board) for sustainability standards.
The legal framework for sustainability reporting in Turkey is governed by the Public Oversight, Accounting and Auditing Standards Authority (KGK). KGK has adapted IFRS standards into Turkish law under the name TSRS and made them mandatory for over 300 companies. Source: KGK Official Website.
IASC Founded
The International Accounting Standards Committee (IASC) was founded by professional accounting bodies from 9 countries, laying the foundation for global accounting harmonization.
ISSB Established at COP26
The ISSB was announced at the Glasgow Climate Summit (COP26), marking a new era in sustainability standards. The ISSB established joint headquarters in Montreal and Frankfurt.
IFRS S1 and S2 Published
The first sustainability standards were published on June 26, 2023. S1 covers general disclosures and S2 covers climate-related disclosures. Over 37 countries are in the process of adoption.
A New Era in Climate Disclosures: TCFD Transferred Its Role to ISSB
The Task Force on Climate-related Financial Disclosures (TCFD) was established in 2015 within the Financial Stability Board (FSB) at the request of the G20. The TCFD framework consists of four core pillars: governance, strategy, risk management, and metrics and targets. With the publication of ISSB standards, the TCFD concluded its mandate in October 2023 and transferred its monitoring responsibilities to the ISSB. FSB-TCFD official source.
IFRS S2 fully incorporates the TCFD framework. This means that organizations that have already invested in TCFD compliance can transition to ISSB as a direct continuation. IFE has been among Turkey's TCFD supporters and has carried this expertise into its IFRS Foundation partnership. For more information, see the IFRS Foundation sustainability standards page .
IFE's International Partnership Ecosystem
IFE, at the forefront of finance education for 15 years, has built Turkey's most comprehensive finance and sustainability training portfolio through its IFRS Foundation partnership. Other international partners include ACAMS (anti-money laundering), ICA (compliance professionals association), GCI, CFI, and EBTN.
Questions About IFRS Sustainability Training
What does IFRS Sustainability Alliance membership mean?
The IFRS Sustainability Alliance is a knowledge-sharing and training network managed by the IFRS Foundation with over 400 member organizations. Member institutions gain access to the latest research, technical guides, and global implementation examples related to sustainability reporting. IFE is one of the few educational institution representatives from Turkey in this network.
What is the difference between ISSB S1 and ISSB S2 standards?
ISSB S1 (IFRS S1) governs how a company discloses all of its sustainability-related risks and opportunities to the public. ISSB S2 (IFRS S2) covers only climate-related financial risks and opportunities, fully incorporating the former TCFD framework. The two standards are applied together and were published by the IFRS Foundation on June 26, 2023.
Which companies are covered by TSRS in Turkey?
Turkey's Sustainability Reporting Standards (TSRS) are set by the KGK (Public Oversight, Accounting and Auditing Standards Authority). As of 2024, over 300 institutions including publicly listed companies under the Capital Markets Board (CMB), banks, and insurance companies are required to comply with TSRS. The scope is expanding every year.
Why is IFE's relationship with the IFRS Foundation important?
As a Licensed Training Partner, IFE is one of the few Turkish finance education institutions authorized to use official IFRS Foundation content. This status enhances the international validity of IFE's certificates and guarantees that training materials are sourced directly from the IFRS Foundation.
Is the TCFD framework still valid?
The Task Force on Climate-related Financial Disclosures (TCFD) concluded its mandate in October 2023 and transferred its monitoring responsibilities to the ISSB. Because IFRS S2 fully incorporates TCFD's four-pillar framework (governance, strategy, risk management, and metrics and targets), organizations that are already TCFD-compliant can complete the transition to ISSB more easily.
How are IFE's corporate training programs customized?
IFE conducts a preliminary analysis meeting with corporate clients to assess their current TSRS compliance level. Based on this analysis, the training format (in-person, virtual classroom, or online), duration, depth of scope, and schedule are customized to align with the institution's reporting calendar. Sector-specific module content is offered for banking, insurance, and capital markets.
Which professional groups is the IFRS sustainability certificate suitable for?
Certification programs under IFRS S1 and S2 are designed for corporate sustainability managers, independent auditors, Chief Financial Officers (CFOs), risk managers, investment analysts, and CMB-licensed professionals. The certificate directly contributes to mandatory compliance reporting under KGK requirements.
What is the IFRS Foundation's official position in Turkey?
The IFRS Foundation does not maintain a direct representation in Turkey. The implementation and compliance process in Turkey is managed through the KGK. IFE serves as the bridge, holding the Licensed Training Partner designation assigned by the IFRS Foundation in Turkey.
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