TURKISH ECONOMY BANK INC.
Turkish Economy Bank Inc. (TEB), headquartered in Turkey, is a prominent player in the banking sector, offering a wide range of financial services. Established in 1927, TEB has evolved significantly, marking key milestones in its journey, including its acquisition by BNP Paribas in 2005, which enhanced its operational capabilities and international reach. Operating primarily in Turkey, TEB focuses on retail banking, corporate banking, and investment services, catering to diverse customer needs. Its core products, such as innovative loan solutions and digital banking services, set it apart in a competitive market. TEB's commitment to customer satisfaction and technological advancement has solidified its position as a trusted financial partner, earning accolades for its service quality and operational excellence.
DitchCarbon Score
How does TURKISH ECONOMY BANK INC.'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
TURKISH ECONOMY BANK INC.'s score of 23 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
TURKISH ECONOMY BANK INC.'s reported carbon emissions
In 2019, Turkish Economy Bank Inc. (TEB) reported total carbon emissions of approximately 25,687,000 kg CO2e, with Scope 1 emissions accounting for about 25,687,000 kg CO2e and Scope 3 emissions contributing approximately 1,721,000 kg CO2e. The breakdown of Scope 1 emissions includes about 357,000 kg CO2e from mobile combustion and approximately 3,215,000 kg CO2e from stationary combustion. Scope 3 emissions primarily stem from purchased goods and services (approximately 856,000 kg CO2e) and waste generated in operations (about 365,000 kg CO2e). In the preceding years, TEB's emissions showed a decreasing trend, with 2018 emissions at approximately 27,070,000 kg CO2e and 2017 emissions at about 27,356,000 kg CO2e. This indicates a commitment to reducing their carbon footprint over time. However, TEB has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction commitments suggests that while the bank is aware of its emissions, it may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 27,356,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | 1,251,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
TURKISH ECONOMY BANK INC. is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
