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Industrial Development Bank of Turkey

Common Name
TSKB
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
689
Ticker
TSKB.E
Exchange
Borsa İstanbul
Description
Turkiye Sınai Kalkınma Bankası A.Ş. is Turkey's first privately-owned development and investment bank, specializing in kalkınma and investment banking services. It provides long-term financing, projec...

TSKB's GHG Emissions Data Preview

In 2024, TSKB completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

TSKB has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
628a
343a
411a
Total Scope 2
Market-Based
16a
0a
0a
Location-Based
696a
531a
624a
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
1,267,508a
2,090,138b
2,633,419b
Total Scope 1 Revenue Intensity (tCO2e/$M)
1.3035a
0.7117a
0.8911a
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Verified Sources Behind TSKB’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. TSKB's Integrated Report 2024
b. TSKB's Integrated Report 2023
c. TSKB's Integrated Report 2022

Insights into TSKB's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of TSKB amounted to 1,324 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of TSKB increased by 51.49%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

TSKB's Scope 1 Emissions Over Time

202020212022202320240200400600800tCO2e+7%-8%-17%+83%
  • Total Scope 1
  • Year-over-Year Change

What are TSKB's Scope 1 emissions?

In 2024, the total Scope 1 emissions of TSKB were 628 metric tons of CO₂ equivalent (tCO₂e).a

Has TSKB reduced its Scope 1 emissions over time?

Since 2020, TSKB's Scope 1 emissions have increased by 49.52%, reflecting a rising long-term trend in Scope 1 emissions over time.ac

Compared to the previous year (2023), TSKB's Scope 1 emissions increased by 83.09%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are TSKB's Scope 2 emissions?

In 2024, TSKB reported Scope 2 greenhouse gas (GHG) emissions of 16 tCO₂e using the market-based method and 696 tCO₂e using the location-based method.a

Has TSKB reduced its Scope 2 emissions over time?

Compared to the previous year (2023), TSKB's Scope 2 emissions (Location-Based) rose by 31.07% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does TSKB use for Scope 2 reporting?

In 2024, TSKB reported its Scope 2 emissions using the market-based method and using the location-based method.a

TSKB's Scope 2 Emissions Over Time

202020212022202320240200400600800tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into TSKB's Value Chain Emissions

In 2024, TSKB reported 1,267,508 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of TSKB includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

TSKB's Scope 3 Emissions Over Time

202020212022202320240700 k1.4 M2.1 M2.8 MtCO2e+1728483%-4%-21%-39%
  • Total Scope 3
  • Year-over-Year Change

What are TSKB's Scope 3 emissions?

In 2024, TSKB reported total Scope 3 emissions of 1,267,508 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 0.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.92% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has TSKB reduced its Scope 3 emissions over time?

Since 2020, TSKB's Scope 3 emissions have increased by 797,074.84%, reflecting a rising long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), TSKB's Scope 3 emissions decreased by 39.36%, highlighting the company's efforts to lower indirect emissions from its value chain.ab

What categories of Scope 3 emissions does TSKB disclose?

In 2024, TSKB reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of TSKB's Scope 3 emissions?

In 2024, the largest contributors to TSKB's Scope 3 emissions were:a

  • Investments (Cat. 15): 1,266,435 tCO₂e (99.92%)
  • Purchased Goods and Services (Cat. 1): 550 tCO₂e (0.04%)
  • Business Travel (Cat. 6): 260 tCO₂e (0.02%)

TSKB's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into TSKB’s GHG Emissions Intensity Compared to Industry Peers

In 2024, TSKB reported Scope 1 greenhouse gas (GHG) emissions of 628 tCO₂e and total revenues of USD 482 millions. This translates into an emissions intensity of 1.3 tCO₂e per millions USD.a

TSKB's Scope 1 Emissions Intensity Compared to Peers

220010,000500,00050,000,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)Ringkjoebing LandbobankYear: 2024Scope 1: 70 tCO2eRevenue: $M 576Scope 1 Intensity: 0.12 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,075Scope 1 Intensity: 6.32 tCO2e/$MBank PermataYear: 2024Scope 1: 532 tCO2eRevenue: $M 752Scope 1 Intensity: 0.71 tCO2e/$MBank BJBYear: 2024Scope 1: 5,980 tCO2eRevenue: $M 535Scope 1 Intensity: 11.18 tCO2e/$MBank JatimYear: 2023Scope 1: 276 tCO2eRevenue: $M 361Scope 1 Intensity: 0.76 tCO2e/$MSparebanken MoreYear: 2024Scope 1: 4 tCO2eRevenue: $M 212Scope 1 Intensity: 0.02 tCO2e/$MDCB BankYear: 2023Scope 1: 454 tCO2eRevenue: $M 259Scope 1 Intensity: 1.75 tCO2e/$MCaisse Regionale De Credit Agricole Mutuel Toulouse 31Year: 2024Scope 1: 30 tCO2eRevenue: $M 276Scope 1 Intensity: 0.11 tCO2e/$MLaan & Spar BankYear: 2023Scope 1: 48 tCO2eRevenue: $M 229Scope 1 Intensity: 0.21 tCO2e/$MThurgauer KantonalbankYear: 2024Scope 1: 210 tCO2eRevenue: $M 477Scope 1 Intensity: 0.44 tCO2e/$MAlandsbanken AbpYear: 2024Scope 1: 6 tCO2eRevenue: $M 225Scope 1 Intensity: 0.03 tCO2e/$MO-BankYear: 2023Scope 1: 287 tCO2eRevenue: $M 306Scope 1 Intensity: 0.94 tCO2e/$MKarnataka BankYear: 2024Scope 1: 17 tCO2eRevenue: $M 556Scope 1 Intensity: 0.03 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 980Scope 1 Intensity: 0.21 tCO2e/$MHaci Omer Sabanci HoldingYear: 2024Scope 1: 8,845,242 tCO2eRevenue: $M 11,720Scope 1 Intensity: 754.69 tCO2e/$MTurkiye Halk BankasiYear: 2024Scope 1: 19,878 tCO2eRevenue: $M 2,191Scope 1 Intensity: 9.07 tCO2e/$MYapi ve Kredi BankasiYear: 2024Scope 1: 16,421 tCO2eRevenue: $M 4,242Scope 1 Intensity: 3.87 tCO2e/$MTurkiye Vakiflar BankasiYear: 2024Scope 1: 12,977 tCO2eRevenue: $M 4,501Scope 1 Intensity: 2.88 tCO2e/$MTurkiye Is BankasiYear: 2024Scope 1: 20,040 tCO2eRevenue: $M 7,936Scope 1 Intensity: 2.53 tCO2e/$MAkbank TASYear: 2024Scope 1: 11,210 tCO2eRevenue: $M 4,531Scope 1 Intensity: 2.47 tCO2e/$MTurkiye Garanti BankasiYear: 2024Scope 1: 16,820 tCO2eRevenue: $M 8,120Scope 1 Intensity: 2.07 tCO2e/$MQnb BankYear: 2024Scope 1: 15,753 tCO2eRevenue: $M 2,865Scope 1 Intensity: 5.50 tCO2e/$MAlbaraka Turk Katilim BankasiYear: 2023Scope 1: 4,147 tCO2eRevenue: $M 624Scope 1 Intensity: 6.65 tCO2e/$MTSKBYear: 2024Scope 1: 628 tCO2eRevenue: $M 482Scope 1 Intensity: 1.30 tCO2e/$M

How does TSKB's GHG emissions intensity compare to its peers?

In 2024, TSKB reported a Scope 1 emissions intensity of 1.3 tCO₂e per millions USD. Compared to the peer group median of 1.75, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does TSKB rank on GHG emissions intensity within its industry?

In 2024, TSKB ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

TSKB is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into TSKB's Total Carbon Footprint

In 2024, TSKB reported a total carbon footprint of 1,268,832 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.32% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to TSKB's total carbon footprint was Scope 3 emissions, accounting for 99.9% of the company's total carbon footprint, followed by Scope 2 emissions at 0.05%.a

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