Al Baraka Bank
Al Baraka Bank, officially known as Al Baraka Banking Group, is a prominent financial institution headquartered in Turkey (TR). Established in 1984, the bank has grown to become a key player in the Islamic banking sector, with a strong presence in various regions, including the Middle East, North Africa, and Southeast Asia. Specialising in Sharia-compliant financial services, Al Baraka Bank offers a diverse range of products, including retail banking, corporate financing, and investment services. Its unique approach to ethical banking sets it apart in the industry, catering to clients seeking financial solutions aligned with Islamic principles. With a commitment to innovation and customer satisfaction, Al Baraka Bank has achieved significant milestones, solidifying its market position as a trusted provider of Islamic banking services.
DitchCarbon Score
How does Al Baraka 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
Al Baraka Bank's score of 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Al Baraka Bank's reported carbon emissions
In 2023, Al Baraka Bank reported total carbon emissions of approximately 2,643,000 kg CO2e. This figure includes emissions from Scope 1, Scope 2, and Scope 3. Specifically, Scope 1 emissions accounted for about 417,000 kg CO2e, while Scope 2 emissions were approximately 1,039,000 kg CO2e. Scope 3 emissions totalled around 1,187,000 kg CO2e, with significant contributions from business travel (about 923,190 kg CO2e) and employee commuting (approximately 888,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 1,675,000 kg CO2e, indicating a rise in emissions in 2023. In 2018, the total emissions were significantly higher at approximately 12,000,000 kg CO2e, with Scope 1 and Scope 2 emissions contributing about 3,546,690 kg CO2e and 7,618,110 kg CO2e, respectively. Despite the increase in emissions in 2023, Al Baraka Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects its ongoing efforts to monitor and report on its carbon footprint, aligning with industry standards for transparency in climate commitments.
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| 2018 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,546,690 | 0,000,000 | 000,000 |
| Scope 2 | 7,618,110 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,166,020 | 000,000 | 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.
Al Baraka Bank is not committed to any reduction initiatives 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.
