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 51,123,000 kg CO2e, comprising 16,421,000 kg CO2e from Scope 1 and 34,903,000 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, amounting to about 17,490,398,000 kg CO2e, primarily driven by investments. In 2023, Yapi Kredi's emissions were slightly lower, with total emissions of around 51,000,000 kg CO2e, including 18,415,000 kg CO2e from Scope 1 and 35,598,000 kg CO2e from Scope 2. The Scope 3 emissions for that year were approximately 15,576,461,180 kg CO2e. Yapi Kredi has committed to near-term targets aligned with the 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 necessary to limit global warming to 1.5°C. The bank is a member of the Science Based Targets initiative (SBTi) and has set specific targets for 2030, although it has not committed to a net-zero target as of now. The emissions data is sourced directly from Yapi Kredi Bankası A.Ş. and is not cascaded from any parent organization. The bank continues to enhance its sustainability efforts, reflecting its commitment to addressing climate change within the financial sector.
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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.
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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