Yapi Kredi

Yapi Kredi: Carbon Emissions and Climate Commitments

Yapi Kredi, a financial intermediation services provider headquartered in TR, reported a total of approximately 93.1 billion kg CO2e in emissions for the 2024 reporting year. This figure encompasses Scope 1, 2, and 3 emissions.

For the 2024 reporting year, Scope 1 emissions were approximately 16.4 million kg CO2e. Scope 2 emissions, on a location-based basis, amounted to approximately 34.9 million kg CO2e, with zero market-based emissions reported. The majority of Yapi Kredi's emissions in 2024 were attributed to Scope 3 categories, notably investments, which accounted for approximately 17.5 billion kg CO2e. Other significant Scope 3 contributors included fuel and energy-related activities (about 5.4 million kg CO2e), employee commute (about 4.3 million kg CO2e), and purchased goods and services (about 4.2 million kg CO2e).

In the preceding year, 2023, Yapi Kredi's total emissions were approximately 74.8 billion kg CO2e. Scope 1 emissions stood at about 18.4 million kg CO2e, while Scope 2 location-based emissions were approximately 35.6 million kg CO2e. Scope 3 emissions, particularly from investments, were reported at roughly 15.6 billion kg CO2e for 2023.

Yapi Kredi has demonstrated a commitment to climate action, aligning with the Science Based Targets initiative (SBTi). The organisation has committed to SBTi and has set near-term targets classified as 1.5°C compatible. While specific target years for long-term commitments are not detailed, the bank is a member of the Business Ambition for 1.5°C. Their portfolio targets, as of 2021, covered 29% of their total investment and lending by total assets, with required activities making up 29% and optional activities 13%. It is important to note that these targets do not include third-party asset management activities. Yapi Kredi's disclosed scopes include 1, 2, and 3 emissions, with disclosed upstream and downstream categories.