Albaraka Taone Fourthrk Participation Bank
Albaraka Taone Fourthrk Participation Bank, headquartered in Turkey, is a prominent player in the financial intermediation services sector, specifically focusing on Sharia-compliant banking solutions. Established in 1984, the bank has made significant strides in providing innovative financial products that cater to both individual and corporate clients across various regions in Turkey and beyond.
Specialising in participation banking, Albaraka offers a range of services including profit-sharing accounts, financing solutions, and investment products that align with Islamic principles. Its commitment to ethical banking practices and customer-centric services has positioned it as a trusted institution in the market. With a strong emphasis on community development and financial inclusion, Albaraka Taone Fourthrk Participation Bank continues to achieve notable milestones, reinforcing its reputation as a leader in the Islamic finance industry.
-4 vs industry average
Albaraka Taone Fourthrk Participation Bank’s score of 31 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Albaraka Taone Fourthrk Participation Bank?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Albaraka Taone Fourthrk Participation Bank's reported carbon emissions
Albaraka Taone Fourthrk Participation Bank, headquartered in TR and operating within financial intermediation services, has disclosed carbon emissions data for recent years.
For 2023, the bank reported a total of approximately 10.31 million kg CO2e. This figure comprises Scope 1 emissions of around 4.15 million kg CO2e, Scope 2 emissions of approximately 5.90 million kg CO2e, and Scope 3 emissions totalling about 2.31 million kg CO2e.
In 2022, Albaraka Taone Fourthrk Participation Bank's emissions were approximately 4.04 million kg CO2e for Scope 1 and around 5.94 million kg CO2e for Scope 2, with Scope 3 emissions at approximately 0.09 million kg CO2e.
The bank's emissions in 2021 included approximately 403.67 million kg CO2e for Scope 1 and about 577.18 million kg CO2e for Scope 2. In 2020, Scope 1 emissions were approximately 311.46 million kg CO2e, and Scope 2 emissions stood at around 687.97 million kg CO2e. For 2019, Scope 1 emissions were approximately 384.50 million kg CO2e, with Scope 2 emissions at about 796.49 million kg CO2e.
Albaraka Taone Fourthrk Participation Bank is committed to emissions reduction targets. According to the Science Based Targets initiative (SBTi), the bank made a commitment in August 2020 to emissions reduction, with targets to be submitted by July 31, 2023, under a "Commitment Compliance Policy transitory grace period." Further extensions have been granted under the "FINZ extension policy." The bank is not currently committed to net-zero emissions.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Albaraka Taone Fourthrk Participation Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Albaraka Taone Fourthrk Participation Bank yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisationsFrequently asked questions
Common questions about Albaraka Taone Fourthrk Participation Bank’s sustainability data and climate commitments
Data year: 2024
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project