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 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 focus on direct emissions, while indirect emissions from energy consumption were not reported for the year. In 2022, the bank's total emissions were approximately 52,819,151 kg CO2e, with Scope 1 emissions at about 11,932,000 kg CO2e, Scope 2 at approximately 15,415,000 kg CO2e, and Scope 3 at around 11,195,000 kg CO2e. This indicates a commitment to monitoring and managing their carbon footprint across various scopes. Over the years, Akbank has shown a trend of reducing its emissions, particularly in Scope 2, which saw a decrease from approximately 53,505,000 kg CO2e in 2019 to zero in 2023. However, there are currently no specific reduction targets or climate pledges disclosed, indicating a potential area for future commitment and improvement in their climate strategy. Overall, Akbank's emissions data highlights their ongoing efforts to address carbon emissions, although further transparency regarding reduction initiatives and targets would enhance their climate commitments.
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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 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.
