Tekfen Holding

Tekfen Holding, headquartered in Turkey and operating within financial intermediation services, has disclosed its carbon emissions across Scopes 1, 2, and 3 for recent years. In 2023, the company reported total emissions of approximately 5.56 billion kg CO2e, comprising about 824.58 million kg CO2e from Scope 1, approximately 25.51 million kg CO2e from Scope 2, and around 4.71 billion kg CO2e from Scope 3 emissions.

Looking at prior years, Tekfen Holding's total emissions were approximately 4.88 billion kg CO2e in 2022, with Scope 1 emissions around 800.23 million kg CO2e and Scope 3 at about 4.06 billion kg CO2e. In 2021, total emissions stood at approximately 5.80 billion kg CO2e, with Scope 1 at about 1.11 billion kg CO2e and Scope 3 at around 4.66 billion kg CO2e. Emissions in 2020 were approximately 6.27 billion kg CO2e, with Scope 1 at about 1.05 billion kg CO2e and Scope 3 at around 5.18 billion kg CO2e. For 2019, total emissions were approximately 4.90 billion kg CO2e, with Scope 1 at about 1.02 billion kg CO2e and Scope 3 at around 3.85 billion kg CO2e.

Tekfen Holding has established climate reduction targets. The company aims for a 15% reduction in its gross global Scope 1 and Scope 2 GHG emissions by 2025, based on 2019 levels. This equates to an average annual reduction of 2.50%. Furthermore, Tekfen Holding targets a substantial 40.2% reduction in its gross global Scope 1 and Scope 2 GHG emissions by 2037, also relative to 2019. This long-term goal is supported by an ongoing strategy of reducing emissions by 2.1% per year after 2025, contributing an additional 25.2% absolute reduction from 2019 levels on top of the initial 15% target. These targets are aligned with the IEA WB2C and employ an absolute contraction approach.