Halkbank Turkiye Halk Bankasi Sustainability Profile
Halkbank, officially known as Türkiye Halk Bankası A.Ş., is a prominent financial institution headquartered in Turkey. Established in 1933, the bank has played a pivotal role in the Turkish banking sector, focusing on retail, corporate, and investment banking services. With a strong presence across major operational regions in Turkey, Halkbank has built a reputation for supporting small and medium-sized enterprises (SMEs) and fostering economic growth. The bank offers a diverse range of products, including personal loans, business financing, and various investment services, distinguished by competitive interest rates and tailored solutions. Halkbank's commitment to customer satisfaction and financial inclusion has solidified its position as a leading player in the Turkish banking industry, marked by significant milestones in digital banking and sustainable finance initiatives.
DitchCarbon Score
How does Halkbank Turkiye Halk Bankasi'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
Halkbank Turkiye Halk Bankasi's score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Halkbank Turkiye Halk Bankasi's reported carbon emissions
In 2024, Türkiye Halk Bankası A.Ş. reported significant carbon emissions, totalling approximately 6,000,000,000 kg CO2e. This figure includes 2,262,867,000 kg CO2e from Scope 1 emissions, 3,839,274,000 kg CO2e from Scope 2 emissions, and 1,870,006,000 kg CO2e from Scope 3 emissions. The bank's emissions data reflects a comprehensive approach to tracking its carbon footprint across all scopes. In previous years, the bank's global emissions were lower, with 68,604,190 kg CO2e in 2022 and 63,974,850 kg CO2e in 2023. The emissions from Scope 1, 2, and 3 for these years were 17,023,470 kg CO2e, 30,060,190 kg CO2e, and 21,520,530 kg CO2e in 2022, and 16,690,200 kg CO2e, 32,683,340 kg CO2e, and 14,601,300 kg CO2e in 2023, respectively. Halkbank has committed to long-term climate targets, aiming for net-zero emissions by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The bank's portfolio targets cover 13% of its total investment and lending, with required activities making up 16% of its total balance sheet assets as of 2021. These targets are aligned with the reductions necessary to limit global warming to 1.5°C. Overall, Türkiye Halk Bankası A.Ş. is actively working towards reducing its carbon emissions and has set ambitious targets to achieve net-zero emissions, demonstrating its commitment to sustainability and climate responsibility.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 14,206,580 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 30,542,400 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 24,156,370 | 00,000,000 | 00,000,000 | 00,000,000 |
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Halkbank Turkiye Halk Bankasi'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.
Halkbank Turkiye Halk Bankasi 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
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