GRADUATE SCHOOL
PhD in Private Law
HUK 614 | Course Introduction and Application Information
| Course Name |
Effects of Paris Climate Agreement of Company Law
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Code
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Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
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ECTS
|
|
HUK 614
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Fall/Spring
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
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| Course Language |
Turkish
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| Course Type |
Elective
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| Course Level |
Third Cycle
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| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | DiscussionQ&ALecture / Presentation | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | - | |||||
| Course Objectives | Sustainability and green transformation process requires reconsideration of policies and legislations on the axis of “climate” and this process undoubtedly affects the companies and necessiates changes in corporate structure. Within the framework of this course, it is aimed to discuss the effects of climate change and Paris Agreement (which became a part of our domestic law after its ratification) on companies in the context of sustainability. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | Türkiye has ratified the Paris Agreement and has set a zero emission target by 2053. In order to fulfill this goal, the sustainability and green transformation process at the center requires the reconsideration of the policies and regulations on the axis of “climate”. Additionally, this process also necessitates changes in the corporate structures of companies. Within this frame of this course, international climate regime rules and principles, besides, the European Union and Turkish Commercial Law regulations on corporate sustainability policies will be discussed. Concepts such as climate change, sustainability, ESG (environment, social, governance), Sustainable Reporting, Green Finance will be discussed and after Paris Agreement ratification, how Turkish companies should prepare themshelves for the new period will be examined based on the relevant regulations of Capital Market and Turkish Commercial Law. |
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Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction | Revision of syllabus |
| 2 | Climate Sustainabillity and Sustainability Concepts | Murat Türkeş, “Küresel iklim değişikliği nedir? Temel kavramlar, nedenleri, gözlenen ve öngörülen değişiklikler”, İklim Değişikliği ve Çevre, 2008, 1, p. 26-37. Borsa İstanbul, Şirketler İçin Sürdürülebilirlik Rehberi, https://www.borsaistanbul.com/data/kilavuzlar/surdurulebilirlik-rehberi.pdf. |
| 3 | Discussing the effects of Climate Change on Corporations: Risks | Shell Case: http://climatecasechart.com/non-us-case/clientearth-v-shells-board-of-directors/#:~:text=Shell's%20Board%20of%20Directors,-Filing%20Date%3A%202023&text=Summary%3A,and%20breach%20of%20company%20law. |
| 4 | International Climate Regime: United Nations Framework Convention on Climate Change, Kyoto Protocol. | United Nations Framework Convention on Climate Change Text (Turkish version), (https://webdosya.csb.gov.tr/db/iklim/webmenu/webmenu12421_1.pdf). Kyoto Protocol Text (Turkish version) (https://webdosya.csb.gov.tr/db/iklim/editordosya/kyoto_protokol.pdf). |
| 5 | Paris Agreement and Turkey’s Climate Commitments: The process leading to the ratification of Paris Agreement. | Paris Agreement Text (Turkish version) (https://www.mfa.gov.tr/paris-anlasmasi.tr.mfa). Republic of Türkiye, Updated First Nationally Determined Contribution (Turkish version). (https://www.ito.org.tr/documents/ulusal-katki-beyani_1.pdf). |
| 6 | European Union’s Sustainability Regulations Affecting Company Policies: Climate Law, Green Deal, Emission Trading System, Cross-Border Adjustment, Corporate Due Diligence andCorporate Accountability Directive, ESG Reporting Directive. | Tüsiad, Yatırımcı ve Finansman Odaklı Risk Yönetimi ve Raporlama, (2022), ISSN: 1300-3879. |
| 7 | European Union’s Sustainability Regulations Affecting Company Policies: Climate Law, Green Deal, Emission Trading System, Cross-Border Adjustment, Corporate Due Diligence andCorporate Accountability Directive, ESG Reporting Directive. | Tüsiad, Yatırımcı ve Finansman Odaklı Risk Yönetimi ve Raporlama, (2022), ISSN: 1300-3879. |
| 8 | Repercussions of EU climate and sustainability policies to Turkish companies on a policy basis. | Republic of Türkiye Ministry of Commerce, Green Deal Action Plan, 2021,( https://ticaret.gov.tr/data/60f1200013b876eb28421b23/MUTABAKAT%20YE%C5%9E%C4%B0L.pdf). |
| 9 | General Discussion of the effects of Corporate Social Responsibility and Environmental Social Responsibility on Corporate Law in Türkiye. | Hatice Kübra, Kandemir, ‘Sürdürülebilir şirketler ve hukuki çerçevesi’, İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 2021, 20(41), p. 853-876. doi: 10.46928/iticusbe.949544. |
| 10 | Turkish Commercial Code and Sustainability. | Melsa Ararat, Hukuk ve Piyasalar Açısından Sürdürülebilirlik, Sabancı Üniversitesi Kurumsal Yönetim Forumu Politika Notu, 2020, No:1/2020. (https://cgft.sabanciuniv.edu/sites/cgft.sabanciuniv.edu/files/CGFTPolicyPaper-No1-2020.pdf) |
| 11 | Establishing and Managing of Corporate Sustainability: Corporate Sustainability Management | Engert / Enriques / Ringe / Varottil / Wetzer (Ed.), Business Law and the Transition to a Net Zero, Beck C. H., 2021, ISBN: 3406782744, 9783406782749, p.45-63. Jaap Winter, 'Towards a Duty of Societal Responsibility of the Board', 2020 17, European Company Law, Issue 5, p. 192-200. |
| 12 | Establishing and Managing of Corporate Sustainability: Corporate Sustainability Management | Ekrem Solak,‘Birleşik Krallık Ve Avrupa Birliği Hukukları Kapsamında Pay Sahibi Aktivizmi Düzenlemeleri’, YÜHFD, 2019, C.XVI, 2019/2, p.127-162. |
| 13 | Capital Market Legislations and Sustainability | Corporate Governance Communique. Capital Market Board Sustainability Principles. U.Tekin, 'Report from Turkey: Capital Markets Board Introduces Sustainability Principles Compliance Framework', 2021,18, European Company Law, 4, p. 143-146. |
| 14 | Corporate Sustainability Reporting | Turkish Commercial Code Art. 88. Climate Disclosure Standards Board (CDSB),’Are climate-related matters relevant to financial reporting? In Accounting for climate: Integrating climate-related matters into financial reporting’, 2020, p. 7–12. A.ElAlfy, & O. Weber, ‘Corporate Responsibility and Sustainability Reporting’ İn Corporate Sustainability Reporting: The Case of the Banking Industry, 2019, p. 3-5. |
| 15 | Semester Review | |
| 16 | Final Exam |
| Course Notes/Textbooks | Books Engert / Enriques / Ringe / Varottil / Wetzer (Ed.), Business Law and the Transition to a Net Zero, Beck C. H., 2021, ISBN: 3406782744, 9783406782749, p.45-63.
Articles A.ElAlfy, & O. Weber, ‘Corporate Responsibility and Sustainability Reporting’ İn Corporate Sustainability Reporting: The Case of the Banking Industry, 2019, p. 3–5. A. Özsözgün Çalışkan, ‘Sürdürülebilirlik Raporlaması’. Journal of Accounting and Taxation Studies , 2012, 5 (1) ,s. 41-68 . Retrieved from https://dergipark.org.tr/tr/pub/muvu/issue/59984/86626. Ekrem Solak,‘Birleşik Krallık Ve Avrupa Birliği Hukukları Kapsamında Pay Sahibi Aktivizmi Düzenlemeleri’, YÜHFD, 2019, C.XVI, 2019/2, p.127-162. Hatice Kübra, Kandemir, ‘Sürdürülebilir şirketler ve hukuki çerçevesi’, İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 2021, 20(41), p. 853-876. doi: 10.46928/iticusbe.949544. Murat Türkeş, “Küresel iklim değişikliği nedir? Temel kavramlar, nedenleri, gözlenen ve öngörülen değişiklikler”, İklim Değişikliği ve Çevre, 2008, 1, p. 26-37. U.Tekin, 'Report from Turkey: Capital Markets Board Introduces Sustainability Principles Compliance Framework', 2021,18, European Company Law, 4, p. 143-146.
Legislations United Nations Framework Convention on Climate Change Kyoto Protocol Paris Climate Agreement European Green Deal (https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1588580774040&uri=CELEX:52019DC0640) Republic of Türkiye, Updated First Nationally Determined Contribution (https://www.ito.org.tr/documents/ulusal-katki-beyani_1.pdf). Turkish Commercial Code Corporate Governance Communique. Capital Market Board Sustainability Principles
Others Borsa İstanbul, Şirketler İçin Sürdürülebilirlik Rehberi, https://www.borsaistanbul.com/data/kilavuzlar/surdurulebilirlik-rehberi.pdf. Climate Disclosure Standards Board (CDSB),’Are climate-related matters relevant to financial reporting? In Accounting for climate: Integrating climate-related matters into financial reporting’, 2020, s. 7–12. Melsa Ararat, Hukuk ve Piyasalar Açısından Sürdürülebilirlik, Sabancı Üniversitesi Kurumsal Yönetim Forumu Politika Notu, 2020, No:1/2020. (https://cgft.sabanciuniv.edu/sites/cgft.sabanciuniv.edu/files/CGFTPolicyPaper-No1-2020.pdf) Republic of Türkiye Ministry of Commerce, Green Deal Action Plan, 2021( https://ticaret.gov.tr/data/60f1200013b876eb28421b23/MUTABAKAT%20YE%C5%9E%C4%B0L.pdf). Tüsiad,(2022) Yatırımcı ve Finansman Odaklı Risk Yönetimi ve Raporlama, ISSN: 1300-3879. |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
30
|
| Presentation / Jury |
1
|
30
|
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm | ||
| Final Exam |
1
|
40
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
60
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
13
|
3
|
39
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
1
|
39
|
39
|
| Presentation / Jury |
1
|
39
|
39
|
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
0
|
||
| Final Exam |
1
|
60
|
60
|
| Total |
225
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
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#
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Program Competencies/Outcomes |
* Contribution Level
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||||
|
1
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2
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3
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4
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5
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest