Albaraka Taone Fourthrk Participation Bank

Albaraka Taone Fourthrk Participation Bank, headquartered in TR and operating in financial intermediation services, demonstrates a commitment to understanding and managing its environmental impact.

For the 2023 reporting year, the bank reported a total of approximately 32.50 million kg CO2e across Scopes 1, 2, and 3. This figure is comprised of Scope 1 emissions totalling approximately 4.15 million kg CO2e, Scope 2 emissions at approximately 5.90 million kg CO2e, and Scope 3 emissions amounting to approximately 2.31 million kg CO2e.

In 2024, Scope 1 emissions were reported at approximately 13.22 million kg CO2e. Data for Scope 2 and 3 emissions for 2024 is not yet available.

The bank has made commitments to emissions reduction targets. As of August 2020, it was listed as "Committed" for near-term targets, with an extension noted for target submission by July 31, 2023, and subsequently an extension under the "FINZ extension policy." While a net-zero commitment has not been explicitly declared, the bank is actively engaged in setting emission reduction goals within the financial sector context. Further details regarding specific reduction percentages and long-term targets are yet to be fully disclosed.