Albaraka Taone Fourthrk Participation Bank Sustainability Profile
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 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Albaraka Taone Fourthrk Participation Bank's reported carbon emissions
In 2024, Albaraka Taone Fourthrk Participation Bank reported significant carbon emissions, with Scope 1 emissions totalling approximately 13,223,630 kg CO2e globally. In Turkey, the bank's emissions were notably higher, with Scope 1 emissions reaching about 403,466,000 kg CO2e and Scope 2 emissions at approximately 610,926,000 kg CO2e, resulting in a combined total of around 1,014,391,000 kg CO2e for Scope 1 and 2. For the previous year, 2023, the bank's global emissions included approximately 4,146,560 kg CO2e for Scope 1, 5,898,480 kg CO2e for Scope 2, and 2,306,700 kg CO2e for Scope 3, indicating a comprehensive approach to emissions reporting across all scopes. Albaraka Taone Fourthrk Participation Bank has committed to near-term climate targets, although specific reduction targets have not yet been established. The bank is currently in compliance with the Commitment Compliance Policy, with an extension for target submission until July 31, 2023. The bank has not yet committed to a net-zero target. The emissions data is sourced from Albaraka Türk Katilim Bankasi A.S., reflecting the bank's commitment to transparency in its climate impact and initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 3,844,990 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| 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 | - |
How Carbon Intensive is Albaraka Taone Fourthrk Participation Bank's Industry?
How Carbon Intensive is Albaraka Taone Fourthrk Participation Bank's Location?
Albaraka Taone Fourthrk Participation Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Albaraka Taone Fourthrk Participation Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
