Garanti Bbva
Garanti BBVA, officially known as Garanti Bankası A.Ş., is a leading financial institution headquartered in Istanbul, Turkey. Established in 1946, the bank has grown to become a prominent player in the Turkish banking sector, with a strong presence in retail, corporate, and investment banking. Garanti BBVA offers a diverse range of products and services, including personal banking, loans, credit cards, and digital banking solutions, distinguished by their innovative approach and customer-centric focus. The bank's commitment to digital transformation has positioned it as a pioneer in the industry, earning accolades for its advanced online and mobile banking platforms. With a robust market position, Garanti BBVA is recognised for its financial strength and stability, consistently ranking among the top banks in Turkey. Its strategic partnership with BBVA, a global financial group, further enhances its capabilities and reach in the competitive banking landscape.
DitchCarbon Score
How does Garanti Bbva'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
Garanti Bbva's score of 58 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Garanti Bbva's reported carbon emissions
In 2023, Garanti BBVA reported total carbon emissions of approximately 18,073,000 kg CO2e, with Scope 1 emissions accounting for the entirety of this figure, while Scope 2 emissions were reported as zero. The organization also disclosed Scope 3 emissions of about 11,445,000 kg CO2e. This represents a slight decrease from 2022, where total emissions were approximately 18,981,000 kg CO2e, with Scope 1 emissions again being the sole contributor, and Scope 3 emissions significantly lower at about 411,000 kg CO2e. Garanti BBVA has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033, using 2022 as the baseline year. Additionally, the bank targets a 32.5% reduction in absolute Scope 3 emissions within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the organisation's commitment to addressing climate change. The emissions data for Garanti BBVA is cascaded from its parent company, Turkiye Garanti Bankasi A.S., which provides a comprehensive overview of the bank's environmental impact. The bank's ongoing efforts to reduce its carbon footprint are crucial in the context of the financial sector's increasing focus on sustainability and climate resilience.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 57,378,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | 3,709,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 00,000,000 |
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.
Garanti Bbva 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.
