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 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TURKISH ECONOMY BANK INC.'s reported carbon emissions
In 2021, Turkish Economy Bank Inc. (TEB) reported total carbon emissions of approximately 25,102,000 kg CO2e. This figure reflects a continued decrease from previous years, with emissions of about 26,137,000 kg CO2e in 2020 and approximately 27,608,000 kg CO2e in 2019. The bank's emissions profile includes Scope 1 emissions, which are primarily from stationary and mobile combustion, and Scope 3 emissions related to purchased goods and services, as well as waste generated in operations. TEB has demonstrated a commitment to reducing its carbon footprint, achieving a notable reduction from about 27,608,000 kg CO2e in 2019 to 25,102,000 kg CO2e in 2021. However, the bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Overall, TEB's emissions data indicates a positive trend towards sustainability, although further transparency regarding future climate commitments and reduction strategies would enhance their environmental accountability.
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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 participating in any of the initiatives that 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.
