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OrganisationsHalkbank Turkiye Halk Bankasi
Halkbank Turkiye Halk Bankasi logo

Halkbank Turkiye Halk Bankasi

Financial IntermediationTürkiyeOTC: THBIF
Last verified 4 days agohalkbank.com.tr

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 country's economic development, focusing on financial intermediation services, excluding insurance and pension funding. With a strong presence across major operational regions in Turkey, Halkbank offers a diverse range of products and services, including retail banking, corporate financing, and small business loans.

Recognised for its commitment to customer service and innovative financial solutions, Halkbank has achieved significant milestones, including expanding its digital banking capabilities. The bank's market position is bolstered by its extensive branch network and a reputation for supporting local businesses, making it a key player in Turkey's financial landscape.

45
DitchCarbon score

+8 vs industry average

Halkbank Turkiye Halk Bankasi’s score of 45 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.096
20182025

The Financial Intermediation industry has reduced its overall emissions by 33% since 2018

Emissions trajectory 2020 – 2027

0.0B0.0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Halkbank Turkiye Halk Bankasi's reported carbon emissions

Halkbank, based in Turkey, is actively engaged in addressing its climate impact through emissions reporting and commitments.

In 2024, Halkbank reported a total of approximately 93.1 billion kg CO2e across Scope 1, 2, and 3 emissions. This figure includes Scope 1 emissions of about 19.88 million kg CO2e and Scope 2 emissions totalling approximately 20.65 million kg CO2e (market-based). Scope 3 emissions were significantly higher, with investments alone contributing around 1.78 billion kg CO2e.

In 2023, Halkbank's Scope 1 emissions were approximately 16.69 million kg CO2e, and Scope 2 emissions (market-based) were around 30.26 million kg CO2e. Scope 3 data for this year was not fully disclosed.

In 2022, Scope 1 emissions were about 17.02 million kg CO2e and Scope 2 emissions were approximately 30.06 million kg CO2e.

For 2020, the bank reported total emissions of around 68.91 million kg CO2e, comprising 14.21 million kg CO2e for Scope 1, 30.54 million kg CO2e for Scope 2, and 24.16 million kg CO2e for Scope 3. In 2015, total emissions were reported as approximately 71.07 million kg CO2e, with Scope 1 at 29.03 million kg CO2e, Scope 2 at 23.16 million kg CO2e, and Scope 3 at 18.88 million kg CO2e.

Halkbank has made commitments to achieve net-zero emissions by 2050. This commitment applies to all scopes of emissions. While specific reduction percentages for the long-term target are not detailed, the bank has established near-term targets, with one near-term target set for 2028 aligning with 1.5°C warming scenarios. Halkbank is also a signatory to the Banks Alliance for Net Zero by 2050.

It is important to note that Halkbank's emissions data and climate targets are currently inherited from its parent organisation, Türkiye Halk Bankasi A.S.

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Halkbank Turkiye Halk Bankasi’s Climate Goals (2030 & 2050)

2025

Near-zero scope 1 & 2

Target to achieve near-zero emissions for direct operations and purchased energy

On track94%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

6 of 15 categories disclosed
Investments99%
Fuel & Energy Activities1%
Employee Commuting0%
Business Travel0%
Purchased Goods & Services0%
Waste Generated in Operations0%
Investments99%
Fuel & Energy Activities1%
Employee Commuting0%
Business Travel0%
Purchased Goods & Services0%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2028 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Halkbank Turkiye Halk Bankasi logoHalkbank Turkiye Halk Bankasi
TRFinancial Intermediation
4 days ago
45
Societe Generale logoSociete Generale
FRCommercial Banking
13 hours ago
84
View
Bank Of America logoBank Of America
USFinancial Intermediation
7 days ago
71
View
Denizbank Anonim Sirketi logoDenizbank Anonim Sirketi
TRFinancial Intermediation
2 days ago
66
View
HSBC Bank plc logoHSBC Bank plc
GBFinancial Intermediation
7 days ago
55
View
ING Bank N.V. logoING Bank N.V.
NLFinancial Intermediation
7 days ago
48
View
JPMorgan Chase & Co logoJPMorgan Chase & Co
USFinancial Intermediation
3 days ago
47
View

Frequently asked questions

Common questions about Halkbank Turkiye Halk Bankasi’s sustainability data and climate commitments

In 2024, Halkbank reported an approximate total of 93.1 billion kg CO₂e across all emission scopes. This includes roughly 19.9 million kg CO₂e from Scope 1, about 20.7 million kg from Scope 2 (market-based), and a significant portion, around 1.78 billion kg, from Scope 3 investments. These figures indicate the bank's substantial climate impact, with Scope 3 emissions from investments being the largest share. The data, inherited from Türkiye Halk Bankasi A.S., highlights the bank's ongoing efforts to monitor and disclose its carbon footprint comprehensively.

Data year: 2024

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