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Public Profile
Financial Intermediation
TR
updated 14 days ago

Albaraka Taone Fourthrk Participation Bank

Company website

Albaraka Taone Fourthrk Participation Bank, headquartered in Turkey (TR), is a prominent player in the Islamic banking sector, focusing on ethical finance solutions. Established in 1984, the bank has made significant strides in promoting participation banking principles across its major operational regions, including the Middle East and North Africa. Specialising in a range of financial services, Albaraka offers unique products such as profit-sharing accounts, Islamic financing, and investment services that adhere to Sharia-compliant guidelines. The bank's commitment to ethical banking practices has positioned it as a leader in the industry, earning recognition for its innovative approach and customer-centric solutions. With a strong market presence, Albaraka Taone Fourthrk Participation Bank continues to set benchmarks in the Islamic finance landscape.

DitchCarbon Score

How does Albaraka Taone Fourthrk Participation 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.

42

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.

28

Industry Benchmark

Albaraka Taone Fourthrk Participation Bank's score of 42 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Albaraka Taone Fourthrk Participation Bank's reported carbon emissions

In 2023, Albaraka Taone Fourthrk Participation Bank reported total carbon emissions of approximately 9,000,740 kg CO2e, comprising 4,146,560 kg CO2e from Scope 1, 5,898,480 kg CO2e from Scope 2, and 2,306,700 kg CO2e from Scope 3 emissions. This reflects a slight increase in Scope 1 emissions compared to 2022, where total emissions were about 4,036,680 kg CO2e for Scope 1, 5,942,190 kg CO2e for Scope 2, and only 92,100 kg CO2e for Scope 3, indicating a significant reduction in upstream emissions. The bank has committed to near-term climate targets, with a commitment status of "Committed" as of August 2020. However, it has not yet established a net-zero target. The bank's emissions data is sourced directly from Albaraka Türk Katilim Bankasi A.S., with no cascaded data from a parent or related organization. Albaraka Taone Fourthrk Participation Bank is actively working towards improving its sustainability practices within the financial sector, which includes a focus on reducing its carbon footprint and enhancing transparency in emissions reporting.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
Scope 1
3,844,990
0,000,000
0,000,000
0,000,000
Scope 2
7,964,880
0,000,000
0,000,000
0,000,000
Scope 3
2,901,060
000,000
00,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Albaraka Taone Fourthrk Participation Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Albaraka Taone Fourthrk Participation Bank is in TR, which has a low grid carbon intensity relative to other regions.

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.

Albaraka Taone Fourthrk Participation Bank is participating in some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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