Turkiye Finans Katilim Bankasi AS
Turkiye Finans Katilim Bankasi AS, commonly known as Turkiye Finans, is a prominent participation bank headquartered in Turkey (TR). Established in 2005, the bank has rapidly expanded its operations across major regions in Turkey, offering a range of Sharia-compliant financial services. Specialising in retail and corporate banking, Turkiye Finans provides unique products such as profit-sharing accounts and Islamic financing solutions, catering to the needs of both individual and business clients. The bank has achieved significant milestones, including a strong market position within the Turkish banking sector, recognised for its innovative approach to ethical finance. With a commitment to customer satisfaction and sustainable growth, Turkiye Finans continues to play a vital role in the development of the participation banking industry in Turkey.
DitchCarbon Score
How does Turkiye Finans Katilim Bankasi AS'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
Turkiye Finans Katilim Bankasi AS's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Turkiye Finans Katilim Bankasi AS's reported carbon emissions
In 2023, Turkiye Finans Katilim Bankasi AS reported total carbon emissions of approximately 2,090,481,000 kg CO2e. This figure includes 343,000 kg CO2e from Scope 1 emissions, while Scope 2 emissions were recorded at 0 kg CO2e. The majority of their emissions, about 2,090,138,000 kg CO2e, fall under Scope 3, indicating significant indirect emissions primarily from their value chain. Comparatively, in 2022, the bank's total emissions were approximately 2,633,830,000 kg CO2e, with Scope 1 emissions at 411,000 kg CO2e and Scope 3 emissions at about 2,633,419,000 kg CO2e. This shows a notable reduction in total emissions from 2022 to 2023, amounting to a decrease of around 543,349,000 kg CO2e. Despite these reductions, Turkiye Finans Katilim Bankasi AS has not publicly committed to specific reduction targets or initiatives, nor have they joined any climate pledges. The absence of formal reduction targets suggests that while the bank is making progress in reducing emissions, there is potential for further commitment to climate action and sustainability practices.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 449,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - |
| Scope 3 | 2,748,447,000 | 0,000,000,000 | 0,000,000,000 |
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.
Turkiye Finans Katilim Bankasi AS is not committed to any reduction initiatives 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.
