Yapi Kredi Sustainability Profile
Yapı Kredi, officially known as Yapı ve Kredi Bankası A.Ş., is a prominent financial institution headquartered in Istanbul, Turkey. Established in 1944, it has grown to become a key player in the Turkish banking sector, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong presence across major operational regions in Turkey, Yapı Kredi is recognised for its innovative digital banking services and customer-centric approach. The bank's core products, such as personal loans, credit cards, and investment services, are designed to meet diverse customer needs, setting it apart in a competitive market. Yapı Kredi has achieved notable milestones, including being one of the first banks in Turkey to introduce internet banking, solidifying its position as a leader in financial technology. Its commitment to excellence has earned it numerous awards, reflecting its status as a trusted financial partner in the region.
DitchCarbon Score
How does Yapi Kredi'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
Yapi Kredi's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Yapi Kredi's reported carbon emissions
In 2024, Yapi Kredi reported total carbon emissions of approximately 17.5 billion kg CO2e, comprising 16,421,000 kg CO2e from Scope 1, 34,903,000 kg CO2e from Scope 2, and approximately 17.5 billion kg CO2e from Scope 3 emissions. The bank's emissions data reflects a commitment to transparency and accountability in its climate impact. Yapi Kredi has set near-term targets aligned with the Science Based Targets initiative (SBTi), specifically targeting a 1.5°C pathway. These targets cover 29% of its total investment and lending portfolio as of 2021, with required activities making up 29% and optional activities 13%. The bank is a member of the BA1.5 initiative, demonstrating its commitment to reducing greenhouse gas emissions in line with global climate goals. The bank's emissions data is not cascaded from a parent organization, ensuring that its reported figures are independently verified. Yapi Kredi continues to focus on enhancing its sustainability practices and reducing its carbon footprint as part of its broader environmental strategy.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,665,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 46,218,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | 13,666,000 | 00,000,000 | 0,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Yapi Kredi's Industry?
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Yapi Kredi's Scope 3 Categories Breakdown
Yapi Kredi's Scope 3 emissions, which increased by 12% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Yapi Kredi'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.
Yapi Kredi has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Yapi Kredi's sustainability data and climate commitments