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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 54 is higher than 73% 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, totalling around 5,149,000 kg CO2e for Scope 1 and 2. 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. It is important to note that the emissions data is cascaded from the parent organization, with the bank being a current subsidiary. The emissions data reflects the bank's operational footprint and its commitment to addressing climate change through targeted reduction initiatives.
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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 |
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 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.
