Yapi Kredi

Yapi Kredi Bankasi A.Ş. (TR), a financial intermediation services provider, reported total Scope 1, 2, and 3 emissions of approximately 83.4 billion kg CO2e for the year 2024. This figure includes approximately 16.4 million kg CO2e for Scope 1 emissions and approximately 34.9 million kg CO2e for Scope 2 emissions (location-based). Scope 3 emissions for 2024 were substantial, driven largely by investments, amounting to approximately 17.5 billion kg CO2e.

In 2023, Yapi Kredi's total emissions were approximately 70.6 billion kg CO2e, with Scope 1 emissions at around 18.4 million kg CO2e and Scope 2 emissions at approximately 35.6 million kg CO2e (location-based). Scope 3 emissions in 2023, primarily from investments, totalled approximately 15.6 billion kg CO2e.

Previously, in 2022, total emissions were approximately 50.4 billion kg CO2e. Scope 1 emissions were about 14.6 million kg CO2e, and Scope 2 emissions were approximately 35.9 million kg CO2e (location-based). Scope 3 emissions for 2022, heavily influenced by investments, were around 10.5 billion kg CO2e. For 2021, total emissions were approximately 54.8 billion kg CO2e, with Scope 1 at roughly 16 million kg CO2e and Scope 2 (market-based) at approximately 23.6 million kg CO2e. Scope 3 emissions in 2021 reached about 18.5 billion kg CO2e.

Yapi Kredi Bankasi A.Ş. is committed to climate action, evidenced by its participation in the Science Based Targets initiative (SBTi). The bank has committed to near-term targets with a 1.5°C classification. Their portfolio targets cover 29% of total investment and lending by total assets as of 2021. Additionally, their operational emissions (Scopes 1 and 2) are stated to be consistent with the reductions required to keep warming to 1.5°C. While near-term targets are set, information regarding specific reduction percentages or target years for long-term goals, and net-zero commitments, is not detailed in the provided data.