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 42 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 10,000,740 kg CO2e. This figure includes 4,146,560 kg CO2e from Scope 1 emissions, 5,898,480 kg CO2e from Scope 2 emissions, and 2,306,700 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the bank's emissions were about 4,036,680 kg CO2e for Scope 1, 5,942,190 kg CO2e for Scope 2, and 92,100 kg CO2e for Scope 3, indicating a significant increase in emissions across all scopes in 2023. Albaraka Türk Participation Bank has committed to near-term climate targets, although specific reduction targets have not yet been established. The bank is currently in a transitory grace period for compliance with its Commitment Compliance Policy, with targets expected to be submitted by July 31, 2023. As a financial institution based in Turkey, Albaraka is part of the banking sector's broader efforts to address climate change, although it has not yet committed to a net-zero target. The bank's emissions data and climate commitments reflect its ongoing engagement with sustainability and environmental responsibility.
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| 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 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.
