Garanti Bbva

Garanti BBVA, a Turkish financial intermediation services provider, reported total emissions for 2025 as 53,900,000,000 kg CO2e. This includes Scope 1 emissions of approximately 18,392 kg CO2e, Scope 2 emissions of about 38,724 kg CO2e, and Scope 3 investments of 30,600,000,000 kg CO2e. The company also reported Scope 1 and 2 emissions of 3,200,000,000 kg CO2e (7,900,000,000 kg CO2e market-based) for 2025.

In 2024, Garanti BBVA's total emissions were approximately 39,340,000,000 kg CO2e, with Scope 1 and 2 emissions reaching about 14,400,000,000 kg CO2e. For 2023, Scope 1 and 2 emissions were 18,100,000 kg CO2e, which followed 19,000,000 kg CO2e in 2022, 18,600,000 kg CO2e in 2021, and 22,400,000 kg CO2e in 2020. In 2019, Scope 1 and 2 emissions were 70,100,000 kg CO2e.

Looking further back, in 2018, the company recorded Scope 1 emissions of 12,933,000 kg CO2e, Scope 2 emissions of 54,300,000 kg CO2e, and Scope 3 emissions of 3,111,000 kg CO2e. The combined Scope 1 and 2 emissions for 2018 were 67,233,000 kg CO2e. In 2017, these figures were 11,835,000 kg CO2e for Scope 1, 58,628,000 kg CO2e for Scope 2, and 2,494,000 kg CO2e for Scope 3, with total Scope 1 and 2 emissions at 70,463,000 kg CO2e. For 2016, Scope 1 emissions were 10,924,000 kg CO2e, Scope 2 were 57,259,000 kg CO2e, and Scope 3 were 3,181,000 kg CO2e, resulting in Scope 1 and 2 emissions of 68,183,000 kg CO2e. In 2015, Scope 1 and 2 emissions were 75,600,000 kg CO2e.

In 2014, Garanti BBVA reported Scope 1 emissions of 8,698,000 kg CO2e, Scope 2 emissions of 57,378,000 kg CO2e, and Scope 3 emissions of 3,709,000 kg CO2e, with combined Scope 1 and 2 emissions of 66,077,000 kg CO2e. For 2013, Scope 1 emissions were 9,307,000 kg CO2e, Scope 2 were 68,459,000 kg CO2e, and Scope 3 were 3,701,000 kg CO2e, with total Scope 1 and 2 emissions reaching 77,765,000 kg CO2e.

Garanti BBVA has a publicly available reduction target to achieve a 50% reduction in its total Scope 1 and 2 emissions per total assets by 2020, using 2012 as a baseline year. This target was extracted from its CDP Climate Change 2018 report.

The company's Science Based Targets initiative (SBTi) commitments are cascaded from its ultimate parent, Garan Inc. Garan Inc. has committed to an absolute reduction of Scope 1 and 2 GHG emissions by 54.6% by 2033 from a 2022 base year. Additionally, Garan Inc. aims to reduce its absolute Scope 3 GHG emissions by 32.5% within the same timeframe. These targets are classified as consistent with a 1.5°C warming scenario for Scope 1 and 2 emissions.