TURKISH ECONOMY BANK INC.

TURKISH ECONOMY BANK INC., a financial intermediation services provider headquartered in TR, reported total carbon emissions of approximately 25,102,000 kg CO2e in 2021. This figure is based on data inherited from its parent company, Türk Ekonomi Bankasi Anonim Sirketi. In 2020, their total emissions were about 26,137,000 kg CO2e. For 2019, the bank disclosed Scope 1 emissions of approximately 3,572,000 kg CO2e (from mobile and stationary combustion) and Scope 2 emissions of about 17,829,000 kg CO2e (from purchased electricity). In 2018, Scope 1 emissions were approximately 3,919,000 kg CO2e and Scope 2 emissions were about 18,715,000 kg CO2e. Looking back to 2017, Scope 1 emissions were approximately 4,248,000 kg CO2e and Scope 2 emissions were about 18,439,000 kg CO2e.

While specific reduction targets for TURKISH ECONOMY BANK INC. are not available, its SBTi targets are cascaded from its ultimate parent, BNP Paribas SA, through a corporate family relationship. Further details regarding reduction initiatives are not publicly available.