Albaraka Taone Fourthrk Participation Bank
Albaraka Taone Fourthrk Participation Bank, headquartered in Turkey (TR), is a prominent player in the Islamic banking sector, focusing on ethical finance solutions. Established in 1984, the bank has made significant strides in promoting participation banking principles across its major operational regions, including the Middle East and North Africa. Specialising in a range of financial services, Albaraka offers unique products such as profit-sharing accounts, Islamic financing, and investment services that adhere to Sharia-compliant guidelines. The bank's commitment to ethical banking practices has positioned it as a leader in the industry, earning recognition for its innovative approach and customer-centric solutions. With a strong market presence, Albaraka Taone Fourthrk Participation Bank continues to set benchmarks in the Islamic finance landscape.
DitchCarbon Score
How does Albaraka Taone Fourthrk Participation Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Albaraka Taone Fourthrk Participation Bank's score of 42 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Albaraka Taone Fourthrk Participation Bank's reported carbon emissions
In 2023, Albaraka Taone Fourthrk Participation Bank reported total carbon emissions of approximately 4,146,560 kg CO2e for Scope 1, 5,898,480 kg CO2e for Scope 2, and 2,306,700 kg CO2e for Scope 3, amounting to a total of about 12,351,740 kg CO2e. This reflects a slight increase in Scope 1 emissions compared to 2022, where Scope 1 emissions were approximately 4,036,680 kg CO2e, Scope 2 emissions were about 5,942,190 kg CO2e, and Scope 3 emissions were significantly lower at 92,100 kg CO2e. The bank has committed to near-term climate targets, with a commitment status of "Committed" as of August 2020. However, it has not yet established a net-zero target. The bank's emissions data is sourced directly from Albaraka Türk Katilim Bankasi A.S., with no cascaded data from a parent or related organization. Albaraka Taone Fourthrk Participation Bank operates within the financial sector in Turkey and is actively working towards enhancing its sustainability practices. The bank's emissions intensity is reported at approximately 2.78 kg CO2e per million Turkish Lira in revenue for 2023, indicating a focus on reducing emissions relative to its financial activities.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,844,990 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,964,880 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,901,060 | 000,000 | 00,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Albaraka Taone Fourthrk Participation Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
