Public Profile

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.

53

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.

26

Industry Benchmark

Garanti Bbva's score of 53 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.

97%

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Garanti Bbva's reported carbon emissions

In 2023, Garanti BBVA reported total carbon emissions of approximately 18,073,000 kg CO2e, with Scope 1 emissions accounting for about 18,073,000 kg CO2e and Scope 3 emissions at approximately 11,445,000 kg CO2e. This represents a notable decrease from 2022, where total emissions were about 18,981,000 kg CO2e. The bank has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033, using 2022 as the base year. Additionally, Garanti BBVA is committed to reducing its absolute Scope 3 emissions by 32.5% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and reflect the bank's commitment to addressing climate change and reducing its carbon footprint. Overall, Garanti BBVA's emissions data and reduction targets demonstrate a proactive approach to sustainability and climate responsibility, positioning the bank as a leader in the financial sector's response to climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2014201520162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Garanti Bbva's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Garanti Bbva is in TR, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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DitchCarbon Score

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