Kuveyt Türk Katilim Bankasi A.S. Sustainability Profile
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 35 is higher than 55% 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 Katilim Bankasi A.S. reported total carbon emissions of approximately 37,041,970 kg CO2e for Scope 1 and about 10,518,900 kg CO2e for Scope 2. The bank's Scope 3 emissions included approximately 386,330 kg CO2e from business travel, 1,370,550 kg CO2e from employee commuting, and 6,069,400 kg CO2e from purchased goods and services, among other categories. The total emissions from downstream transportation and distribution were about 12,461,150 kg CO2e. Despite these figures, Kuveyt Türk Katilim Bankasi A.S. has not set specific reduction targets or climate pledges as part of their sustainability initiatives. The emissions data is cascaded from the parent company, reflecting the bank's current subsidiary status within its corporate family. The bank's commitment to transparency is evident through its participation in the Carbon Disclosure Project (CDP), where it has disclosed its emissions data. Overall, while Kuveyt Türk Katilim Bankasi A.S. has made strides in reporting its carbon footprint, further commitments and reduction strategies would enhance its climate action profile.
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| 2022 | |
|---|---|
| Scope 1 | 37,041,970 |
| Scope 2 | 10,518,900 |
| Scope 3 | 22,186,270 |
How Carbon Intensive is Kuveyt Türk Katilim Bankasi A.S.'s Industry?
How Carbon Intensive is Kuveyt Türk Katilim Bankasi A.S.'s Location?
Kuveyt Türk Katilim Bankasi A.S.'s Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" being the largest emissions source at 56% of Scope 3 emissions.
Top Scope 3 Categories
Kuveyt Türk Katilim Bankasi A.S.'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.
Kuveyt Türk Katilim Bankasi A.S. 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.
