Akbank T.A.Ş., headquartered in Turkey, is a leading player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1948, Akbank has grown to become one of the largest banks in Turkey, with a strong presence in major operational regions across the country.
The bank offers a diverse range of core products and services, including retail banking, corporate banking, and investment services, distinguished by their innovative digital solutions and customer-centric approach. Akbank's commitment to technological advancement has positioned it as a pioneer in the Turkish banking landscape, earning numerous accolades for its service excellence and operational efficiency. With a robust market position, Akbank continues to play a vital role in the financial ecosystem, driving growth and fostering economic development in Turkey.
+7 vs industry average
Akbank’s score of 44 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Akbank's reported carbon emissions
Akbank's carbon emissions and climate commitments for financial year 2024 show Scope 1 emissions of approximately 11.21 million kg CO2e and Scope 3 emissions of approximately 11.10 million kg CO2e. Scope 2 emissions were reported as 0 kg CO2e for 2024. The total disclosed emissions for 2024 are approximately 22.31 million kg CO2e.
In 2022, Akbank reported Scope 1 emissions of approximately 15.25 million kg CO2e, Scope 2 emissions of approximately 15.42 million kg CO2e, and Scope 3 emissions of approximately 31.20 million kg CO2e. The total disclosed emissions for 2022 were approximately 61.87 million kg CO2e.
For 2021, Scope 1 emissions were approximately 18.19 million kg CO2e, Scope 2 emissions were approximately 24.30 million kg CO2e, and Scope 3 emissions were approximately 10.17 million kg CO2e. The total disclosed emissions for 2021 were approximately 52.66 million kg CO2e.
Akbank has a commitment to reduce its operational emissions to zero by 2025, aiming to become a Carbon Neutral Bank. This is a near-term target covering all scopes.
In 2020, the bank reported Scope 1 emissions of approximately 10.30 million kg CO2e and Scope 2 emissions of approximately 47.77 million kg CO2e. Scope 3 emissions were not disclosed for this year.
For 2019, Akbank reported Scope 1 emissions of approximately 13.45 million kg CO2e and Scope 2 emissions of approximately 53.51 million kg CO2e. Scope 3 emissions were not disclosed.
Emission intensity data is available, with an intensity of 4.23e-06 kg CO2e per unit of revenue for 2024, reported in its Integrated Annual Report. In 2021, emission intensity was reported as 0.0027 tonnes CO2e per million Turkish Lira. For 2019, emissions intensity was reported as approximately 171,380 kg CO2e per USD of total revenue. In 2016, Akbank reported an emission intensity of 2,090 kg CO2e per USD of total revenue for combined Scope 1 and 2 emissions.
Akbank, headquartered in TR and operating in financial intermediation services, except insurance and pension funding services (65), is committed to environmental sustainability and climate action.
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Akbank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Akbank
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