In 2024, Turkiye Garanti Bankasi 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).
However, Turkiye Garanti Bankasi has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 16,820a | 18,073a | 18,981a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 13,901a | 11,445a | 411a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.0715a | 2.679a | 2.6699a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Turkiye Garanti Bankasi amounted to 16,820 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 Turkiye Garanti Bankasi decreased by 6.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Turkiye Garanti Bankasi were 16,820 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Turkiye Garanti Bankasi's Scope 1 emissions have increased by 12.71%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Turkiye Garanti Bankasi's Scope 1 emissions decreased by 6.93%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Turkiye Garanti Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method.a
Since 2019, Turkiye Garanti Bankasi's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 100%, reflecting a declining long-term trend in Scope 2 emissions over time.a
In 2024, Turkiye Garanti Bankasi reported its Scope 2 emissions using the market-based method.a
In 2024, Turkiye Garanti Bankasi reported 13,901 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 Turkiye Garanti Bankasi includes a breakdown across 0 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
In 2024, Turkiye Garanti Bankasi reported total Scope 3 emissions of 13,901 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Turkiye Garanti Bankasi's Scope 3 emissions have increased by 533.01%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Turkiye Garanti Bankasi's Scope 3 emissions increased by 21.46%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Turkiye Garanti Bankasi reported Scope 1 greenhouse gas (GHG) emissions of 16,820 tCO₂e and total revenues of USD 8,120 millions. This translates into an emissions intensity of 2.07 tCO₂e per millions USD.a
In 2024, Turkiye Garanti Bankasi reported a Scope 1 emissions intensity of 2.07 tCO₂e per millions USD. Compared to the peer group median of 1.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Turkiye Garanti Bankasi ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Turkiye Garanti Bankasi is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Turkiye Garanti Bankasi reported a total carbon footprint of 30,721 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.08% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Turkiye Garanti Bankasi's total carbon footprint was Scope 1 emissions, accounting for 54.75% of the company's total carbon footprint, followed by Scope 3 emissions at 45.25%.a