Tekfen Holding Sustainability Profile
Tekfen Holding A.Ş., headquartered in Turkey, is a prominent player in the construction, agriculture, and engineering sectors. Founded in 1956, the company has established a strong presence in various regions, including the Middle East, North Africa, and Europe. With a diverse portfolio, Tekfen excels in construction and project management, agricultural production, and industrial investments. Their commitment to innovation and sustainability sets them apart, particularly in large-scale infrastructure projects and modern agricultural practices. Recognised for its robust market position, Tekfen Holding has achieved numerous milestones, including significant contributions to Turkey's development and international projects. The company continues to uphold its reputation for quality and reliability, making it a leader in its industry.
DitchCarbon Score
How does Tekfen Holding'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
Tekfen Holding's score of 37 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tekfen Holding's reported carbon emissions
In 2023, Tekfen Holding reported total carbon emissions of approximately 1,607,000,000 kg CO2e, comprising 800,229,260 kg CO2e from Scope 1, 25,509,650 kg CO2e from Scope 2, and 825,738,910 kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from purchased goods and services, amounting to about 1,243,749,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 4,058,000,000 kg CO2e, with Scope 1 emissions at 800,229,000 kg CO2e, Scope 2 at 25,483,000 kg CO2e, and Scope 3 emissions reaching approximately 4,057,451,000 kg CO2e. This indicates a notable reduction in total emissions from 2022 to 2023. Despite these figures, Tekfen Holding has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in the Science Based Targets initiative (SBTi). The company’s emissions data is self-reported and does not cascade from any parent organisation. Overall, Tekfen Holding's emissions profile reflects a significant reliance on Scope 3 emissions, particularly from purchased goods and services, highlighting an area for potential improvement in their sustainability strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 796,410,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 39,888,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 148,685,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
How Carbon Intensive is Tekfen Holding's Industry?
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Tekfen Holding's Scope 3 Categories Breakdown
Tekfen Holding's Scope 3 emissions, which decreased by 80% last year and increased by approximately 455% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Tekfen Holding'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.
Tekfen Holding 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.
