Garanti BBVA, a prominent player in the financial intermediation services sector, is headquartered in Turkey (TR) and operates extensively across the region. Founded in 1946, the bank has established itself as a leader in providing a diverse range of financial products and services, including retail banking, corporate banking, and investment services.
Garanti BBVA is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. The bank's commitment to sustainability and social responsibility further distinguishes it in the competitive landscape. With a strong market position, Garanti BBVA has received numerous accolades, reflecting its dedication to excellence and customer satisfaction in the financial services industry.
+17 vs industry average
Garanti Bbva’s score of 52 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Garanti Bbva's reported carbon emissions
Garanti BBVA's climate commitments include ambitious targets aligned with the Science Based Targets initiative (SBTi). The bank has committed to reducing its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 54.6% by 2033, using 2022 as a base year. Furthermore, Garanti BBVA aims to achieve a 32.5% reduction in its absolute Scope 3 GHG emissions within the same timeframe. For the most recent reporting year for which full emissions data is available, 2023, Garanti BBVA reported total emissions of approximately 63.58 million kg CO2e. This figure comprises Scope 1 emissions of 18.07 million kg CO2e and Scope 3 emissions of 11.45 million kg CO2e. Scope 2 emissions for 2023 were reported as 0 kg CO2e based on market-based reporting, while location-based reporting indicated 43.00 million kg CO2e. In 2022, the bank's total emissions were approximately 19.39 million kg CO2e, with Scope 1 emissions at 18.98 million kg CO2e and Scope 3 emissions at 0.41 million kg CO2e. Scope 2 emissions for 2022 were reported as 0 kg CO2e. Earlier historical data shows: * In 2021, total emissions were approximately 18.70 million kg CO2e, consisting of 18.64 million kg CO2e for Scope 1 and 0.06 million kg CO2e for Scope 3. * In 2020, total emissions were approximately 22.79 million kg CO2e, with Scope 1 at 10.51 million kg CO2e and Scope 2 at 11.93 million kg CO2e. Scope 3 emissions were approximately 0.35 million kg CO2e. * In 2019, total emissions were approximately 72.32 million kg CO2e, comprising Scope 1 at 14.92 million kg CO2e and Scope 2 at 55.20 million kg CO2e. Scope 3 emissions were approximately 2.20 million kg CO2e. * In 2018, total emissions were approximately 67.23 million kg CO2e, with Scope 1 at 12.93 million kg CO2e, Scope 2 at 54.30 million kg CO2e, and Scope 3 at 3.11 million kg CO2e. * In 2017, total emissions were approximately 70.46 million kg CO2e, including Scope 1 at 11.84 million kg CO2e, Scope 2 at 58.63 million kg CO2e, and Scope 3 at 2.49 million kg CO2e. * In 2016, total emissions were approximately 68.18 million kg CO2e, with Scope 1 at 10.92 million kg CO2e, Scope 2 at 57.26 million kg CO2e, and Scope 3 at 3.18 million kg CO2e. * In 2015, total emissions were approximately 75.64 million kg CO2e, comprising Scope 1 at 11.76 million kg CO2e, Scope 2 at 63.87 million kg CO2e, and Scope 3 at 3.57 million kg CO2e. * In 2014, total emissions were approximately 66.08 million kg CO2e, with Scope 1 at 8.70 million kg CO2e, Scope 2 at 57.38 million kg CO2e, and Scope 3 at 3.71 million kg CO2e. The provided data also indicates that Garanti BBVA's climate targets are cascaded from its ultimate parent organisation, Turkiye Garanti Bankasi A.S., with a cascade level of 1.
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Garanti Bbva’s Climate Goals (2030 & 2050)
1 goal2020
50% reduction in all scopes
The target is 50% reduction in our total Scope 1 and 2 emissions per our total assets from 2012 to 2020.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
RE 100
Inherited from Banco Bilbao Vizcaya Argentaria, S.A.
Climate Action 100
Emissions comparison with industry peers
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Garanti Bbva
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