Yapi ve Kredi Bankasi A.S, Asset Management Arm

Yapi ve Kredi Bankasi A.S, Asset Management Arm has demonstrated a commitment to reducing its carbon footprint, with significant Scope 1, 2, and 3 emissions reported. For the most recent reporting year, 2024, total emissions across all scopes were approximately 16.5 billion kg CO2e, comprising Scope 1 emissions of about 16.4 million kg CO2e and Scope 2 emissions (location-based) of approximately 34.9 million kg CO2e. Scope 3 emissions in 2024 were substantial, with investments contributing the largest portion at roughly 14.99 billion kg CO2e, followed by fuel and energy-related activities at approximately 539.2 million kg CO2e, employee commute at about 429.9 million kg CO2e, and purchased goods and services at approximately 418.3 million kg CO2e.

In 2023, total emissions were approximately 1.58 trillion kg CO2e, heavily influenced by investments, which accounted for around 1.56 trillion kg CO2e. Scope 1 emissions in 2023 were about 18.4 million kg CO2e, and Scope 2 emissions (location-based) were approximately 35.6 million kg CO2e.

The organisation is working towards ambitious emission reduction targets. By 2030, it aims to reduce its Scope 1 and Scope 2 absolute carbon emissions by 42% compared to a 2021 base year. Additionally, it has a target to reduce Scope 2 absolute carbon emissions by 50.4% by 2032, also relative to the 2021 baseline. These targets are cascaded from the ultimate parent, Yapi ve Kredi Bankasi A.S.