Akbank Sustainability Profile
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 38 is higher than 58% 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 2024, Akbank reported total carbon emissions of approximately 47,000,000 kg CO2e, with significant contributions from Scope 1 and Scope 3 emissions. Specifically, Scope 1 emissions were about 11,210,000 kg CO2e, while Scope 3 emissions totalled approximately 11,100,000 kg CO2e, including investments contributing 216,200 kg CO2e. Notably, there were no reported Scope 2 emissions for this year. For 2023, Akbank's emissions in Turkey were approximately 43,556,000 kg CO2e, with Scope 1 emissions at 11,210,000 kg CO2e and Scope 2 emissions at about 43,556,000 kg CO2e (location-based). Scope 3 emissions included business travel (1,325,000 kg CO2e), employee commute (1,164,000 kg CO2e), and fuel and energy-related activities (7,403,000 kg CO2e). In 2022, the bank's total emissions in Turkey were around 45,474,000 kg CO2e, with Scope 1 emissions at 12,485,000 kg CO2e and Scope 2 emissions at approximately 45,474,000 kg CO2e (location-based). Scope 3 emissions included capital goods (2,498,930 kg CO2e) and business travel (748,100 kg CO2e). Despite these figures, Akbank has not set specific reduction targets or initiatives as part of its climate commitments. The emissions data is sourced directly from Akbank T.A.S. and is not cascaded from any parent organisation. The bank continues to monitor its carbon footprint and engage in sustainability reporting, reflecting its commitment to transparency in environmental impact.
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| 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 10,298,000 | 00,000,000 | 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 | 00,000,000 |
How Carbon Intensive is Akbank's Industry?
How Carbon Intensive is Akbank's Location?
Akbank's Scope 3 Categories Breakdown
Akbank's Scope 3 emissions, which decreased by 64% last year and increased by approximately 9% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Investments" being the primary emissions source at 2% of Scope 3 emissions.
Top Scope 3 Categories
Akbank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Akbank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
