Halyk Bank Sustainability Profile
Halyk Bank, officially known as Halyk Savings Bank of Kazakhstan, is a leading financial institution headquartered in Almaty, Kazakhstan. Established in 1923, it has grown to become a cornerstone of the banking sector in Central Asia, with a strong presence across the region, including major operational areas in Kazakhstan and beyond. As a full-service bank, Halyk Bank offers a diverse range of products and services, including retail and corporate banking, investment services, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Notably, Halyk Bank has achieved significant milestones, including being one of the largest banks in Kazakhstan by assets and customer base, reinforcing its position as a trusted financial partner in the region.
DitchCarbon Score
How does Halyk Bank'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
Halyk Bank's score of 30 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Halyk Bank's reported carbon emissions
In 2023, Halyk Bank reported total carbon emissions of approximately 91,200,000 kg CO2e, with emissions distributed across various scopes: 4,100,000 kg CO2e (Scope 1), 64,200,000 kg CO2e (Scope 2), and 22,900,000 kg CO2e (Scope 3). Notably, the Scope 3 emissions included significant contributions from employee commuting (10,500,000 kg CO2e) and fuel and energy-related activities (8,500,000 kg CO2e). In Kazakhstan, the bank's emissions for the same year were approximately 66,325,300 kg CO2e, primarily from Scope 2 emissions, which accounted for 64,281,000 kg CO2e, including purchased heat and electricity. Halyk Bank has made strides in reducing its emissions, achieving a 5.9% reduction in Scope 1 emissions from 4,757,000 kg CO2e in 2020 to 4,474,900 kg CO2e in 2021. Additionally, Scope 2 emissions decreased by 1.9% during the same period, from 64,033,000 kg CO2e in 2020 to 64,033,000 kg CO2e in 2021. Looking ahead, Halyk Bank has committed to achieving net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term goal reflects the bank's dedication to sustainability and aligns with broader industry efforts to mitigate climate change impacts. The emissions data is cascaded from Halyk Bank of Kazakhstan Joint Stock Company, which serves as the parent organization, ensuring that the reported figures are consistent with the bank's overall climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,818,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 68,540,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 |
How Carbon Intensive is Halyk Bank's Industry?
How Carbon Intensive is Halyk Bank's Location?
Halyk Bank's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 46% of Scope 3 emissions.
Top Scope 3 Categories
Halyk Bank'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.
Halyk Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
