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 29 is lower than 50% 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 total carbon emissions of approximately 21,903,000 kg CO2e. This figure includes 11,932,000 kg CO2e from Scope 1 emissions and 9,971,000 kg CO2e from Scope 3 emissions, while Scope 2 emissions were reported as zero. This represents a significant reduction from 2022, where total emissions were about 52,819,151 kg CO2e, with Scope 1 at 15,249,000 kg CO2e, Scope 2 at 15,415,880 kg CO2e, and Scope 3 at 31,195,000 kg CO2e. Akbank's emissions data is not cascaded from any parent organization, and the bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks. The absence of documented reduction initiatives suggests a need for further commitment to climate action. Overall, Akbank's emissions profile indicates a focus on managing its carbon footprint, particularly in Scope 1 and 3 emissions, while the lack of Scope 2 emissions in 2023 is noteworthy. The bank's ongoing efforts to monitor and report its emissions will be crucial in aligning with global climate commitments.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 10,298,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 47,770,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 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.
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.
