Garanti Bbva
Garanti BBVA, officially known as Garanti Bankası A.Ş., is a leading financial institution headquartered in Istanbul, Turkey. Established in 1946, the bank has grown to become a prominent player in the Turkish banking sector, with a strong presence in retail, corporate, and investment banking. Garanti BBVA offers a diverse range of products and services, including personal banking, loans, credit cards, and digital banking solutions, distinguished by their innovative approach and customer-centric focus. The bank's commitment to digital transformation has positioned it as a pioneer in the industry, earning accolades for its advanced online and mobile banking platforms. With a robust market position, Garanti BBVA is recognised for its financial strength and stability, consistently ranking among the top banks in Turkey. Its strategic partnership with BBVA, a global financial group, further enhances its capabilities and reach in the competitive banking landscape.
DitchCarbon Score
How does Garanti Bbva'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
Garanti Bbva's score of 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Garanti Bbva's reported carbon emissions
In 2024, Garanti BBVA reported total carbon emissions of approximately 16,820,000 kg CO2e from Scope 1, with no emissions recorded for Scope 2. Scope 3 emissions were reported at about 13,904,600 kg CO2e, which includes investments contributing approximately 113,940 kg CO2e. This data reflects a commitment to transparency in emissions reporting, inherited from its parent company, Turkiye Garanti Bankasi A.S. Comparatively, in 2023, Garanti BBVA's emissions were approximately 18,073,000 kg CO2e for Scope 1 and 11,445,000 kg CO2e for Scope 3, indicating a slight reduction in Scope 1 emissions year-on-year. The bank has set ambitious targets to reduce its absolute Scope 1 and 2 GHG emissions by 54.6% and Scope 3 emissions by 32.5% by 2033, using 2022 as the base year. These targets align with the Science Based Targets initiative (SBTi) and demonstrate a commitment to addressing climate change effectively. Garanti BBVA's emissions data and reduction targets are part of a broader strategy to enhance sustainability within the financial sector, reflecting its role as a responsible corporate citizen in Turkey and globally.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 57,378,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | 3,709,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 | 00,000,000 |
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.
Garanti Bbva 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.
