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 54% 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 represents a slight decrease from 2020, when emissions were about 26,137,000 kg CO2e. The bank's emissions data for 2019 indicates a total of approximately 25,687,000 kg CO2e, with emissions from Scope 1 and Scope 2 being disclosed. Specifically, in 2019, Scope 1 emissions were about 3,215,000 kg CO2e, while Scope 2 emissions from purchased electricity accounted for approximately 17,829,000 kg CO2e. TEB has not publicly disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or science-based targets suggests that the bank may still be in the early stages of formalising its climate commitments. Overall, while TEB has shown a minor reduction in emissions over the past few years, further transparency regarding its climate strategy and specific reduction goals would enhance its sustainability profile.
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| 2017 | 2018 | 2019 | |
|---|---|---|---|
| Scope 1 | 4,248,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,439,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
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.
