TURKISH ECONOMY BANK INC.

In 2023, Turkish Economy Bank Inc. reported total carbon emissions of approximately 24,414,920,870 kg CO2e. This figure includes 336,640 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 60,120 kg CO2e from Scope 2 emissions, associated with purchased electricity. The bank's Scope 3 emissions totalled about 1,180,020 kg CO2e, with significant contributions from employee commuting (approximately 984,800 kg CO2e) and purchased goods and services (about 264,500 kg CO2e). Over the years, the bank has shown a trend of fluctuating emissions. For instance, in 2022, total emissions were around 15,093,285,860 kg CO2e, with Scope 1 emissions at 302,620 kg CO2e and Scope 2 at 209,120 kg CO2e. The bank's emissions in 2021 were significantly lower, at approximately 3,548,597,930 kg CO2e, indicating a substantial increase in emissions in subsequent years. Despite these figures, Turkish Economy Bank Inc. has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry trends where financial institutions are increasingly scrutinised for their environmental impact and sustainability practices. Overall, while the bank's emissions data highlights its carbon footprint, the absence of clear reduction strategies suggests an opportunity for enhanced climate action and commitment to sustainability in the future.