Yapi Kredi

Yapi Kredi, a financial intermediation services provider (excluding insurance and pension funding) based in Turkey, has reported a total of approximately 1.75 billion kg CO2e for Scope 1, 2, and 3 emissions in 2024. This figure is a sum of Scope 1 emissions totalling approximately 16.42 million kg CO2e and Scope 2 emissions of approximately 34.90 million kg CO2e. Scope 3 emissions, which include significant contributions from investments (approximately 17.49 billion kg CO2e), capital goods, business travel, employee commute, purchased goods and services, waste generated in operations, and fuel and energy-related activities, also form a substantial part of their overall footprint.

In 2023, Yapi Kredi's total emissions were approximately 2.10 billion kg CO2e, comprising approximately 18.42 million kg CO2e for Scope 1 and approximately 35.60 million kg CO2e for Scope 2. Their Scope 3 emissions for that year included around 15.58 billion kg CO2e from investments.

The bank has made significant commitments towards climate action. Yapi Kredi is committed to the Science Based Targets initiative (SBTi) and has set near-term targets aligned with a 1.5°C pathway. Their stated target covers 29% of their total investment and lending portfolio by total assets as of 2021, with required activities making up 29% of this portfolio. While they have committed to SBTi and have set targets, their net-zero commitment status is listed as "No". The company's emission reporting spans Scopes 1, 2, and 3, indicating a comprehensive approach to measuring and managing its climate impact.