Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Vakifbank, officially known as Türkiye Vakıflar Bankası T.A.O., is a prominent financial institution headquartered in Turkey. Established in 1954, the bank has grown to become a key player in the financial intermediation services sector, excluding insurance and pension funding. With a strong presence across major operational regions in Turkey and a commitment to serving both individual and corporate clients, Vakifbank offers a diverse range of products and services.
The bank's core offerings include retail banking, corporate banking, and treasury services, distinguished by their customer-centric approach and innovative solutions. Vakifbank has achieved notable milestones, including significant growth in assets and a robust market position, making it one of the leading banks in Turkey. Its dedication to financial inclusion and sustainable practices further enhances its reputation in the competitive financial landscape.
39
DitchCarbon score
+2 vs industry average
Vakifbank’s score of 39 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Vakifbank?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Vakifbank's reported carbon emissions
Vakifbank, a financial intermediation services provider headquartered in Türkiye, reported total carbon emissions of approximately 29.6 billion kg CO2e in 2024. This figure comprises Scope 1 emissions of 12.98 million kg CO2e, Scope 2 emissions of 145,000 kg CO2e, and Scope 3 emissions of approximately 29.61 billion kg CO2e. The majority of their Scope 3 emissions, about 29.61 billion kg CO2e, stemmed from the use of sold products.
Looking back, Vakifbank's total emissions were approximately 49.12 billion kg CO2e in 2023, approximately 415.24 billion kg CO2e in 2022, and approximately 18.2 million kg CO2e in 2021.
Vakifbank has set Science Based Targets initiative (SBTi) near-term targets. Their targets are classified as consistent with limiting global warming to 1.5°C and cover greenhouse gas emissions from company operations (Scope 1 and 2). They have a near-term target year of 2027 and another of 2032. Vakifbank's portfolio targets currently cover 7% of its total investment and lending activities by total assets as of 2021.
Assessing Vakifbank as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Vakifbank and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Vakifbank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Vakifbank7 days ago
39
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Frequently asked questions
Common questions about Vakifbank’s sustainability data and climate commitments
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more