Tekfen Holding

Tekfen Holding: Carbon Emissions & Climate Commitments (TR)

Tekfen Holding, a Turkish "Offices of Other Holding Companies" firm, reported total carbon emissions of approximately 5.48 billion kg CO2e in 2024. This figure comprises 885,326,840 kg CO2e from Scope 1, 30,674,990 kg CO2e from Scope 2 (market-based and location-based), and approximately 4.56 billion kg CO2e from Scope 3. Notably, the largest contributor to Scope 3 emissions in 2024 was "use of sold products" at 3,079,891,130 kg CO2e.

In 2023, Tekfen Holding's total carbon emissions were approximately 5.76 billion kg CO2e, with Scope 1 at 824,583,360 kg CO2e, Scope 2 (market-based and location-based) at 31,547,370 kg CO2e, and Scope 3 at approximately 4.90 billion kg CO2e.

Climate Commitments: Tekfen Holding has set an absolute long-term reduction target for its gross-global Scope 1 and Scope 2 GHG emissions. They aim for a 15% reduction over a 6-year period, starting from 2019, which translates to an average 2.50% reduction per year. This target is aligned with the IEA WB2C using the absolute contraction approach. Furthermore, they target a 40.2% reduction from their gross-global Scope 1 and Scope 2 GHG emissions over an 18-year period (2019-2037). This includes the initial 15% reduction until 2025 (2.50% per year) and an additional 25.2% absolute reduction from 2019 levels after 2025 (2.1% per year).