Sekerbank Sustainability Profile
Sekerbank T.A.S., commonly known as Sekerbank, is a prominent financial institution headquartered in Turkey. Established in 1953, the bank has played a significant role in the agricultural and rural development sectors, primarily serving the needs of farmers and small to medium-sized enterprises (SMEs). With a strong presence across various regions in Turkey, Sekerbank focuses on providing tailored financial solutions that include retail banking, corporate banking, and agricultural financing. Sekerbank distinguishes itself through its commitment to sustainable banking practices and innovative products designed to support local economies. The bank has achieved notable milestones, including recognition for its contributions to the agricultural sector and its efforts in promoting financial inclusion. As a key player in the Turkish banking industry, Sekerbank continues to enhance its market position by prioritising customer-centric services and community development initiatives.
DitchCarbon Score
How does Sekerbank'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
Sekerbank's score of 70 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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Sekerbank's reported carbon emissions
In 2024, Şekerbank T.A.Ş. reported total carbon emissions of approximately 5,985,700 kg CO2e. This figure includes 3,101,900 kg CO2e from Scope 1 emissions, 2,041,400 kg CO2e from Scope 2 emissions, and 842,400 kg CO2e from Scope 3 emissions, which encompasses business travel (171,330 kg CO2e), employee commuting (619,820 kg CO2e), purchased goods and services (42,730 kg CO2e), and waste generated in operations (8,530 kg CO2e). Comparatively, in 2023, the bank's total emissions were about 7,429,600 kg CO2e, with Scope 1 emissions at 3,147,100 kg CO2e, Scope 2 at 3,424,200 kg CO2e, and Scope 3 at 858,200 kg CO2e. This indicates a significant reduction in total emissions of approximately 1,443,900 kg CO2e from 2023 to 2024. Şekerbank has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for reductions consistent with limiting global warming to 1.5°C. Their portfolio targets cover 16% of total investments and lending by total assets as of 2021, with required activities making up 14% of this total. The bank has not yet committed to a net-zero target. Overall, Şekerbank's emissions data reflects a proactive approach to climate commitments, with a focus on reducing operational emissions and aligning with global climate goals.
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| 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,246,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,329,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,212,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Sekerbank's Industry?
How Carbon Intensive is Sekerbank's Location?
Sekerbank's Scope 3 Categories Breakdown
Sekerbank's Scope 3 emissions, which decreased by 2% last year and decreased by approximately 30% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 14% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 74% of Scope 3 emissions.
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Sekerbank'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.
Sekerbank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Sekerbank's sustainability data and climate commitments
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