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 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Al Baraka Bank's reported carbon emissions
In 2023, Al Baraka Bank, headquartered in Turkey (TR), reported total carbon emissions of approximately 6,453,260 kg CO2e. This figure includes 4,146,560 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Notably, mobile combustion contributed about 342,270 kg CO2e, while fugitive emissions accounted for approximately 839,820 kg CO2e, and stationary combustion emissions were around 1,436,780 kg CO2e. Scope 2 emissions, which relate to indirect emissions from the generation of purchased electricity, were reported as 0 kg CO2e, indicating no emissions from this category. However, Scope 3 emissions totalled approximately 2,306,700 kg CO2e, with significant contributions from employee commuting (about 765,280 kg CO2e) and business travel (approximately 157,910 kg CO2e). In the context of global operations, Al Baraka Bank's total emissions were reported at approximately 2,643,000 kg CO2e for the same year, with Scope 1 emissions at 417,000 kg CO2e, Scope 2 emissions at about 1,039,000 kg CO2e, and Scope 3 emissions at approximately 1,187,000 kg CO2e. Al Baraka Bank's emissions data is cascaded from its parent company, Al Baraka Group B.S.C., reflecting a corporate family relationship. However, there are currently no specific reduction targets or climate pledges documented for Al Baraka Bank, indicating a potential area for future commitment to sustainability initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,844,990 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 7,964,880 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | - | - | 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 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.
