Tksb Sustainability Profile
TKSb, officially known as Türkiye Sınai Kalkınma Bankası, is a prominent development and investment bank headquartered in Turkey (TR). Established in 1975, TKSb has played a pivotal role in financing projects that drive economic growth across various sectors, including infrastructure, energy, and manufacturing. With a strong presence in both domestic and international markets, TKSb is recognised for its commitment to sustainable development and innovation. The bank offers a range of financial services, including project finance, corporate banking, and advisory services, distinguished by its tailored solutions that meet the unique needs of its clients. Over the years, TKSb has achieved significant milestones, solidifying its position as a leader in the Turkish banking sector, and continues to contribute to the nation’s economic landscape through strategic investments and partnerships.
DitchCarbon Score
How does Tksb'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
Tksb's score of 75 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tksb's reported carbon emissions
In 2024, TSKB reported total carbon emissions of approximately 1,267,930,000 kg CO2e, with Scope 1 emissions accounting for about 422,000 kg CO2e. Notably, the majority of emissions stemmed from Scope 3, particularly from the use of sold products, which contributed approximately 1,266,435,000 kg CO2e. In 2023, TSKB's emissions were approximately 2,090,481,000 kg CO2e, with Scope 1 emissions at about 343,000 kg CO2e and Scope 3 emissions reaching approximately 2,090,138,000 kg CO2e. TSKB has set ambitious climate commitments, aiming to reduce its direct emissions (Scope 1) by 63% by 2035, with a near-term target of a 42% reduction by 2030, using 2020 as the baseline year. Additionally, TSKB aims to reduce average GHG emissions from 2012-2016 by 10% by the end of 2021. The bank's portfolio targets cover 53% of its total investment and lending, aligning with the Science Based Targets initiative (SBTi) to ensure reductions consistent with limiting global warming to 1.5°C. TSKB's emissions data is sourced directly from Türkiye Sinai Kalkinma Bankasi A.S., with no cascaded data from parent organizations. The bank's commitment to sustainability is reflected in its ongoing initiatives to minimise emissions and promote renewable energy projects.
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| 2011 | 2012 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 735,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Tksb's Industry?
How Carbon Intensive is Tksb's Location?
Tksb's Scope 3 Categories Breakdown
Tksb's Scope 3 emissions, which decreased by 18% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Tksb'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.
Tksb 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.
Frequently Asked Questions
Common questions about Tksb's sustainability data and climate commitments