Kuveyt Türk Katilim Bankasi A.S.
Kuveyt Türk Katılım Bankası A.Ş., commonly known as Kuveyt Türk, is a prominent participation bank headquartered in Turkey. Established in 1989, it has grown to become a key player in the Islamic banking sector, serving both individual and corporate clients across major regions in Turkey and beyond. The bank offers a diverse range of financial products and services, including profit-sharing accounts, financing solutions, and investment services, all designed in accordance with Islamic principles. Kuveyt Türk is recognised for its innovative approach to banking, leveraging technology to enhance customer experience. With a strong market position, Kuveyt Türk has achieved significant milestones, including numerous awards for excellence in service and product offerings, solidifying its reputation as a leader in the participation banking industry.
DitchCarbon Score
How does Kuveyt Türk Katilim Bankasi A.S.'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
Kuveyt Türk Katilim Bankasi A.S.'s score of 32 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kuveyt Türk Katilim Bankasi A.S.'s reported carbon emissions
In 2022, Kuveyt Türk Katılım Bankası A.S. reported total carbon emissions of approximately 37,041,970 kg CO2e from Scope 1, 10,518,900 kg CO2e from Scope 2, and 12,461,150 kg CO2e from Scope 3 emissions, alongside various other contributions from business travel, employee commuting, and purchased goods and services. The bank's total emissions reflect a significant operational footprint, with Scope 1 and 2 emissions primarily arising from direct operations and energy consumption. Notably, Scope 3 emissions, which include indirect emissions from the value chain, accounted for a substantial portion of their overall emissions profile. Despite the detailed emissions reporting, Kuveyt Türk Katılım Bankası has not set specific reduction targets or climate pledges at this time. The absence of defined reduction initiatives indicates a potential area for future commitment to enhance their sustainability efforts and align with industry standards for climate action. Overall, while the bank has made strides in transparency regarding its carbon emissions, further commitments and reduction strategies would be beneficial in addressing climate change impacts effectively.
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| 2022 | |
|---|---|
| Scope 1 | 37,041,970 |
| Scope 2 | 10,518,900 |
| Scope 3 | 22,186,270 |
Industry emissions intensity
Location emissions intensity
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.
Kuveyt Türk Katilim Bankasi A.S. is not participating in any 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.
