Yapi Kredi
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 40 is higher than 65% 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 2023, Yapi Kredi reported total carbon emissions of approximately 18,415,000 kg CO2e for Scope 1, 35,598,000 kg CO2e for Scope 2, and 12,560,000 kg CO2e for Scope 3 emissions, which include business travel, employee commuting, purchased goods and services, and waste generated in operations. This reflects a significant commitment to transparency in their emissions reporting. Comparatively, in 2022, the bank's emissions were approximately 14,555,000 kg CO2e for Scope 1, 35,862,000 kg CO2e for Scope 2, and 4,770,000 kg CO2e for Scope 3. This indicates a notable increase in Scope 3 emissions, particularly in business travel and employee commuting. Yapi Kredi has set near-term targets aligned with a 1.5°C pathway, covering 29% of its total investment and lending by total assets as of 2021. These targets are designed to ensure that emissions from company operations (Scopes 1 and 2) are consistent with the reductions required to limit global warming. However, the bank has not committed to a net-zero target as of now. The bank's emissions data is independently reported and does not cascade from a parent organization, ensuring that their commitments and performance are reflective of their own operations. Yapi Kredi continues to engage in initiatives aimed at reducing its carbon footprint while maintaining transparency in its emissions reporting.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 14,665,000 | 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 | 00,000,000 | 00,000,000 |
| Scope 3 | 13,666,000 | 00,000,000 | 0,000,000 | 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.
Yapi Kredi is participating in some 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.
