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Halkbank Turkiye Halk Bankasi
Financial IntermediationTürkiyeOTC: THBIF
Last verified 43 minutes 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
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 Turkiye Halk Bankasi, a financial intermediation services provider based in Turkey, reported its 2024 emissions. Their Scope 1 emissions were about 19.88 million kg CO2e, Scope 2 market-based emissions were approximately 20.65 million kg CO2e, and Scope 3 emissions totalled roughly 1.8 billion kg CO2e. Key Scope 3 categories included investments at approximately 1.78 billion kg CO2e, fuel and energy related activities at about 12.34 million kg CO2e, employee commute at around 3.42 million kg CO2e, and business travel at approximately 2.51 million kg CO2e.
Looking back, in 2023, the bank's Scope 1 emissions were about 16.69 million kg CO2e, and Scope 2 market-based emissions were around 30.26 million kg CO2e. For 2022, Scope 1 emissions were approximately 17.02 million kg CO2e, and Scope 2 market-based emissions stood at about 30.06 million kg CO2e.
Halkbank has set near-term Science Based Targets initiative (SBTi) commitments to reduce its greenhouse gas emissions. These targets are cascaded from Türkiye Halk Bankasi A.Ş. and include a 50.4% absolute reduction in Scope 1 and 2 GHG emissions by 2032 from a 2021 base year. Additionally, they aim to reduce Scope 3 emissions intensities: 52.6% per MWh for their electricity generation project finance portfolio by 2032 from a 2021 base year, 60% per square metre for their real estate loan portfolio by 2032 from a 2021 base year, and 73.8% per MWh for the electricity generation sector within their corporate loan portfolio by 2032 from a 2021 base year. Türkiye Halk Bankası A.Ş. has also committed to achieving Net-Zero, with a target classification consistent with limiting warming to 1.5°C.
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Halkbank Turkiye Halk Bankasi’s Climate Goals (2030 & 2050)
3 goals2032
50.4% reduction in Scope 1
Halkbank commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year
Behind target50.4%
2032
52.6% reduction in scope 3 total
SDA: Halkbank commits to reduce its electricity generation project finance portfolio GHG emissions 52.6% per MWh by 2032 from a 2021 base ye…
Insufficient data52.6%
2032
50.4% reduction in Scope 2
Halkbank commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year
Insufficient data50.4%
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 disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2028 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Halkbank Turkiye Halk Bankasi43 minutes ago
45
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Frequently asked questions
Common questions about Halkbank Turkiye Halk Bankasi’s sustainability data and climate commitments
In 2024, Halkbank Turkiye Halk Bankasi reported total carbon emissions of approximately 40.5 million kg CO2e. This figure encompasses Scope 1 emissions, which were around 19.9 million kg CO2e, and Scope 2 market-based emissions, totaling about 20.6 million kg CO2e. These emissions are reported at the parent company level, reflecting the consolidated environmental performance of Türkiye Halk Bankasi A.Ş. The bank's commitment to transparency is demonstrated by its disclosure of emissions across all three scopes.
Data year: 2024
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