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 49 is higher than 68% 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 800,229,260 kg CO2e for Scope 1, 25,509,650 kg CO2e for Scope 2, and 825,738,910 kg CO2e for Scope 3 emissions. This represents a significant increase in Scope 3 emissions compared to 2022, where they were reported at approximately 4,057,451,000 kg CO2e. The company has consistently disclosed emissions across all three scopes, demonstrating transparency in its climate impact. Despite the lack of specific reduction targets or initiatives outlined in their recent reports, Tekfen Holding remains committed to addressing climate change. The absence of documented reduction targets suggests that the company may be in the early stages of developing a comprehensive climate strategy. Overall, Tekfen Holding's emissions data reflects the challenges faced by companies in the construction and engineering sectors, where emissions can be substantial due to the nature of operations and supply chains. The company’s headquarters in Turkey (TR) positions it within a region that is increasingly focusing on sustainability and carbon reduction efforts.
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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?
How Carbon Intensive is Tekfen Holding's Location?
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.
Top Scope 3 Categories
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.
