Akbank
Akbank T.A.Ş., commonly known as Akbank, is a leading financial institution headquartered in Istanbul, Turkey. Established in 1948, the bank has grown to become a prominent player in the Turkish banking sector, with a strong presence across major operational regions in Turkey and international markets. Specialising in retail, corporate, and investment banking, Akbank offers a diverse range of products and services, including loans, credit cards, and digital banking solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive landscape. Recognised for its robust financial performance, Akbank has achieved significant milestones, including numerous awards for excellence in banking services. With a strong market position, it continues to play a vital role in Turkey's economic development and financial stability.
DitchCarbon Score
How does Akbank'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
Akbank's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Akbank's reported carbon emissions
In 2023, Akbank reported carbon emissions of approximately 11,932,000 kg CO2e for Scope 1 and about 9,971,000 kg CO2e for Scope 3, with no emissions recorded for Scope 2. This reflects a significant reduction in Scope 2 emissions compared to previous years, where in 2022, Scope 2 emissions were about 15,415,000 kg CO2e. Over the years, Akbank has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were approximately 52,819,151 kg CO2e, with Scope 1 and 3 emissions contributing significantly to this figure. The bank's emissions have shown fluctuations, with Scope 1 emissions in 2021 reaching about 12,485,000 kg CO2e and Scope 3 emissions at approximately 10,169,000 kg CO2e. Despite the absence of specific reduction targets or initiatives outlined in their reports, Akbank's ongoing efforts to monitor and report emissions across all scopes indicate a commitment to transparency and climate responsibility. The bank's revenue for 2023 was approximately 4,555,445,145 USD, suggesting a focus on sustainable growth alongside emissions management. Overall, Akbank's emissions data highlights its evolving approach to climate commitments, with a notable emphasis on reducing its carbon impact in recent years.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 11,102,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 53,505,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 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.
Akbank is not participating in any 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.
