TURKISH ECONOMY BANK INC.

TURKISH ECONOMY BANK INC. (TR), operating in Financial intermediation services, except insurance and pension funding services, reported a total of approximately 25.1 million kg CO2e emissions in 2021. In the preceding year, 2020, emissions were approximately 26.1 million kg CO2e. For 2019, the bank reported emissions of approximately 25.7 million kg CO2e, comprising Scope 1 emissions of about 3.6 million kg CO2e (including stationary combustion of 3.2 million kg CO2e and mobile combustion of 357,000 kg CO2e) and Scope 2 emissions of approximately 17.8 million kg CO2e from purchased electricity. Emissions in 2018 were around 27.1 million kg CO2e, with Scope 1 emissions totalling approximately 3.9 million kg CO2e (3.6 million kg CO2e from stationary combustion and 367,000 kg CO2e from mobile combustion) and Scope 2 emissions from purchased electricity at approximately 18.7 million kg CO2e. In 2017, total emissions were approximately 27.4 million kg CO2e, with Scope 1 emissions at roughly 4.2 million kg CO2e (3.9 million kg CO2e from stationary combustion and 379,000 kg CO2e from mobile combustion) and Scope 2 emissions from purchased electricity at approximately 18.4 million kg CO2e.

TURKISH ECONOMY BANK INC. is a current subsidiary of Türk Ekonomi Bankasi Anonim Sirketi, and its climate initiatives are influenced by its ultimate parent company, BNP Paribas SA, which has SBTi targets.

The bank's sustainability report highlights specific reduction targets, including a near-term goal to achieve a 26% reduction in Scope 1 emissions by 2026, using 2022 as the baseline. Furthermore, there is a long-term aspiration to reach net-zero emissions by 2050. Information on Scope 3 emissions, such as purchased goods and services, is identified as a missing data point. The bank also reports CO2 emissions per employee as a key performance indicator, with figures of 3,090 kg CO2e per employee in 2021 and 3,250 kg CO2e per employee in 2020.