Albaraka Taone Fourthrk Participation Bank
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.
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
Albaraka Taone Fourthrk Participation Bank's score of 40 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Albaraka Taone Fourthrk Participation Bank's reported carbon emissions
In 2023, Albaraka Taone Fourthrk Participation Bank reported total carbon emissions of approximately 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, resulting in a total of about 12,351,740 kg CO2e. This reflects a commitment to transparency in their emissions reporting, covering all three scopes of emissions. The bank's emissions have shown fluctuations over the years. In 2020, total emissions were about 14,710,930 kg CO2e, which decreased to approximately 10,116,400 kg CO2e in 2021 and further to around 10,000,000 kg CO2e in 2022. This indicates a significant reduction in emissions over the past few years, particularly in Scope 1 and Scope 2 emissions. Albaraka Taone Fourthrk Participation Bank has committed to near-term climate targets, although specific reduction targets have not been disclosed. The bank is not currently committed to a net-zero target but is actively working on its climate commitments, with a focus on compliance with the Commitment Compliance Policy. The bank's initiatives align with industry standards for climate action, reflecting a growing awareness of the importance of sustainability in the financial sector. Overall, Albaraka Taone Fourthrk Participation Bank is making strides in managing its carbon footprint while navigating the complexities of climate commitments within the banking industry.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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
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.
Albaraka Taone Fourthrk Participation Bank is committed to some 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.
