Garanti Bbva Sustainability Profile
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 58 is higher than 75% 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 30,000,600 kg CO2e, comprising 16,820,000 kg CO2e from Scope 1 and 13,904,600 kg CO2e from Scope 3 emissions, with no reported Scope 2 emissions. This reflects a slight decrease from 2023, where total emissions were about 29,918,000 kg CO2e, with Scope 1 emissions at 18,073,000 kg CO2e and Scope 3 emissions at 11,445,000 kg CO2e. Garanti BBVA has set ambitious reduction targets, committing to a 54.6% reduction in absolute Scope 1 and 2 GHG emissions by 2033 from a 2022 baseline. Additionally, the bank aims for a 32.5% reduction in absolute Scope 3 emissions within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the organisation's commitment to addressing climate change. The emissions data for Garanti BBVA is cascaded from its parent company, Turkiye Garanti Bankasi A.S., which provides a comprehensive view of the bank's environmental impact. The bank's ongoing efforts to reduce its carbon footprint demonstrate a proactive approach to sustainability within the financial sector in Turkey.
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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 |
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Garanti Bbva'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.
Garanti Bbva 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.
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Frequently Asked Questions
Common questions about Garanti Bbva's sustainability data and climate commitments