Yapi Kredi

Yapi Kredi, a financial intermediation services company headquartered in TR, reported its carbon emissions for various scopes. In 2024, the bank's total emissions were approximately 93.1 billion kg CO2e, encompassing Scope 1, Scope 2, and Scope 3. This figure includes approximately 16.4 million kg CO2e for Scope 1 and approximately 34.9 million kg CO2e for Scope 2 (location-based). A significant portion of their emissions falls under Scope 3, with investments accounting for approximately 17.5 billion kg CO2e, purchased goods and services for about 4.2 million kg CO2e, and employee commute for approximately 4.3 million kg CO2e.

In 2023, Yapi Kredi's total emissions were approximately 73.1 billion kg CO2e. Scope 1 emissions were about 18.4 million kg CO2e, and Scope 2 emissions were around 35.6 million kg CO2e (location-based). Scope 3 emissions from investments were approximately 15.6 billion kg CO2e.

For 2022, total emissions amounted to approximately 66.4 billion kg CO2e, with Scope 1 at around 14.6 million kg CO2e and Scope 2 at approximately 35.9 million kg CO2e (location-based). Investments within Scope 3 were approximately 10.5 billion kg CO2e.

Yapi Kredi has demonstrated a commitment to climate action through Science Based Targets initiative (SBTi) commitments. They are a member of the Business Ambition for 1.5°C and have set near-term targets classified as 1.5°C consistent with reductions to limit warming to 1.5°C, with a target year of 2030. While the specific portfolio coverage for these targets is noted as 29% of total investment and lending by total assets as of 2021, they have committed to working towards these goals. The bank's targets and coverage percentages do not encompass third-party asset management activities.