Turkiye Finans Katilim Bankasi AS Sustainability Profile
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 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Turkiye Finans Katilim Bankasi AS's reported carbon emissions
In 2024, Turkiye Finans Katilim Bankasi AS reported total carbon emissions of approximately 2,697,000 kg CO2e for Scope 1, 104,000 kg CO2e for Scope 2, and 1,216,000 kg CO2e for Scope 3, resulting in a combined total of about 2,801,000 kg CO2e for Scope 1 and 2 emissions. This reflects a significant increase in emissions compared to 2023, where the bank recorded approximately 2,253,000 kg CO2e for Scope 1, 2,896,000 kg CO2e for Scope 2, and 1,781,000 kg CO2e for Scope 3, leading to a total of about 5,149,000 kg CO2e for Scope 1 and 2 emissions. The bank has set ambitious reduction targets, aiming for a 10% reduction in Scope 1 emissions by 2025 and a 40% reduction by 2040, both compared to 2020 levels. These commitments are part of their broader sustainability strategy, which focuses on continuous improvement in emission reduction efforts. The emissions data is cascaded from the parent organization, reflecting the bank's current subsidiary status. The bank's climate commitments align with industry standards, demonstrating a proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 449,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 2,748,447,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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Turkiye Finans Katilim Bankasi AS's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Turkiye Finans Katilim Bankasi AS has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
