Turkiye Garanti Bankasi AS

Common Name
Turkiye Garanti Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
20,102
Ticker
GARAN.E
Exchange
BORSA ISTANBUL
Description
Türkiye Garanti Bankası A.Ş. is a leading financial institution in Turkey, primarily recognized for its comprehensive range of banking services. It offers a wide array of financial products catering t...

Turkiye Garanti Bankasi's Climate Target Data Preview

As of 2024, Turkiye Garanti Bankasi has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 4 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Turkiye Garanti Bankasi ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2035
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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a, b
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilometer (km)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Cement from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Other Material (Unlisted) from Unspecified Activities
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Turkiye Garanti Bankasi’s Climate Targets 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. Explore Turkiye Garanti Bankasi’s data sources below and access millions more through our Disclosure Search.

a. Turkiye Garanti Bankasi's Integrated Report 2024
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b. Turkiye Garanti Bankasi's CDP Report sourced from company’s website 2024
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Insights into Turkiye Garanti Bankasi's Greenhouse Gas Emissions Pathways

As of 2024, Turkiye Garanti Bankasi has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b

Does Turkiye Garanti Bankasi have a target to reduce the emissions from its operations?

As of 2024, Turkiye Garanti Bankasi has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b

Turkiye Garanti Bankasi's most ambitious operational target is to reduce these emissions by 71.4% by 2035, compared to a baseline of 67,233 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a b

Turkiye Garanti Bankasi has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2035 value, achieving its climate goal ahead of schedule. a b

Turkiye Garanti Bankasi's Operational (Scope 1+2) Emissions Pathway

2018202420252035020 k40 k60 k80 kBaselineCurrent (-75%)Target 2025 (-29%)

Does Turkiye Garanti Bankasi have a target to reduce the emissions from its value chain?

As of 2024, Turkiye Garanti Bankasi has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a b

Turkiye Garanti Bankasi's most ambitious value chain target is to reduce these emissions by 71% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2022. a b

Instead of reducing value chain emissions, Turkiye Garanti Bankasi has increased them, with 2024 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target. a b

Turkiye Garanti Bankasi's Value Chain (Scope 3) Emissions Pathway

20222024203000000Current (+-0%)Target 2030 (-71%)
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