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 51 is higher than 69% 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's emissions were 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, culminating in a total of about 5,149,000 kg CO2e for Scope 1 and 2. In 2022, the bank's emissions were approximately 1,838,000 kg CO2e for Scope 1, 2,485,000 kg CO2e for Scope 2, and 1,413,000 kg CO2e for Scope 3, leading to a total of about 4,322,000 kg CO2e for Scope 1 and 2. The data from 2021 indicates a total of approximately 2,748,895,000 kg CO2e, primarily driven by Scope 3 emissions at about 2,748,447,000 kg CO2e, with negligible Scope 1 emissions of 449,000 kg CO2e. Despite the detailed emissions reporting, Turkiye Finans Katilim Bankasi AS has not established specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from a parent organisation. The bank's emissions data is inherited from its corporate family relationship, indicating a current subsidiary status. Overall, while Turkiye Finans Katilim Bankasi AS has made strides in emissions reporting, the absence of defined reduction initiatives highlights an area for potential improvement in their climate commitments.
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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.
