Turkiye Garanti Bankasi AS

Common Name
Turkiye Garanti Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
20,453
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 GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Turkiye Garanti Bankasi’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. Explore Turkiye Garanti Bankasi’s data sources below and access millions more through our Disclosure Search.

a. Turkiye Garanti Bankasi's Financial & Extra-Financial Disclosure 2024
a. Turkiye Garanti Bankasi's Financial & Extra-Financial Disclosure 2024

Insights into Turkiye Garanti Bankasi's Operational Emissions

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

Turkiye Garanti Bankasi's Scope 1 Emissions Over Time

201820192020202120222023202405 k10 k15 k20 ktCO2e+15%-30%+77%+2%-5%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Turkiye Garanti Bankasi's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Turkiye Garanti Bankasi were 16,820 metric tons of CO₂ equivalent (tCO₂e). a

Has Turkiye Garanti Bankasi reduced its Scope 1 emissions over time?

Since 2018, Turkiye Garanti Bankasi's Scope 1 emissions have increased by 30.05%, 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

What are Turkiye Garanti Bankasi's Scope 2 emissions?

In 2024, Turkiye Garanti Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method. a

Has Turkiye Garanti Bankasi reduced its Scope 2 emissions over time?

Since 2018, 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

What methodology does Turkiye Garanti Bankasi use for Scope 2 reporting?

In 2024, Turkiye Garanti Bankasi reported its Scope 2 emissions using the market-based method. a

Turkiye Garanti Bankasi's Scope 2 Emissions Over Time

2018201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Market-Based

Insights into Turkiye Garanti Bankasi's Value Chain Emissions

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

Turkiye Garanti Bankasi's Scope 3 Emissions Over Time

201820192020202120222023202403.5 k7 k10.5 k14 ktCO2e-29%-84%-82%+574%+2685%+21%
  • Total Scope 3
  • Year-over-Year Change

What are Turkiye Garanti Bankasi's Scope 3 emissions?

In 2024, Turkiye Garanti Bankasi reported total Scope 3 emissions of 13,901 metric tons of CO₂ equivalent (tCO₂e). a

Has Turkiye Garanti Bankasi reduced its Scope 3 emissions over time?

Since 2018, Turkiye Garanti Bankasi's Scope 3 emissions have increased by 346.83%, 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

Insights into Turkiye Garanti Bankasi’s GHG Emissions Intensity Compared to Industry Peers

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

Turkiye Garanti Bankasi's Scope 1 Emissions Intensity Compared to Peers

201,00050,0001,000,00050,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)Akbank TASYear: 2024Scope 1: 11,210 tCO2eRevenue: $M 4,531Scope 1 Intensity: 2.47 tCO2e/$MTurkiye Halk BankasiYear: 2024Scope 1: 19,878 tCO2eRevenue: $M 2,191Scope 1 Intensity: 9.07 tCO2e/$MIndian BankYear: 2023Scope 1: 3,198 tCO2eRevenue: $M 3,419Scope 1 Intensity: 0.94 tCO2e/$MNedbank GroupYear: 2024Scope 1: 2,083 tCO2eRevenue: $M 3,579Scope 1 Intensity: 0.58 tCO2e/$MTurkiye Is BankasiYear: 2023Scope 1: 18,333 tCO2eRevenue: $M 7,935Scope 1 Intensity: 2.31 tCO2e/$MTurkiye Vakiflar BankasiYear: 2023Scope 1: 11,883 tCO2eRevenue: $M 4,003Scope 1 Intensity: 2.97 tCO2e/$MBNIYear: 2023Scope 1: 18,600 tCO2eRevenue: $M 3,992Scope 1 Intensity: 4.66 tCO2e/$MAbsa GroupYear: 2024Scope 1: 12,049 tCO2eRevenue: $M 5,865Scope 1 Intensity: 2.05 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MHaci Omer Sabanci HoldingYear: 2024Scope 1: 8,845,242 tCO2eRevenue: $M 11,720Scope 1 Intensity: 754.69 tCO2e/$MKrung Thai BankYear: 2024Scope 1: 25,701 tCO2eRevenue: $M 4,610Scope 1 Intensity: 5.58 tCO2e/$MTSKBYear: 2023Scope 1: 343 tCO2eRevenue: $M 475Scope 1 Intensity: 0.72 tCO2e/$MBanco BradescoYear: 2024Scope 1: 19,631 tCO2eRevenue: $M 17,050Scope 1 Intensity: 1.15 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MZions BancorporationYear: 2023Scope 1: 1,689 tCO2eRevenue: $M 3,115Scope 1 Intensity: 0.54 tCO2e/$MStandard Bank GroupYear: 2024Scope 1: 13,877 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.38 tCO2e/$MKB Financial GroupYear: 2023Scope 1: 23,325 tCO2eRevenue: $M 15,261Scope 1 Intensity: 1.53 tCO2e/$MSwedbankYear: 2024Scope 1: 853 tCO2eRevenue: $M 6,654Scope 1 Intensity: 0.13 tCO2e/$MYapi ve Kredi BankasiYear: 2024Scope 1: 16,421 tCO2eRevenue: $M 4,242Scope 1 Intensity: 3.87 tCO2e/$MPing An BankYear: 2023Scope 1: 19,221 tCO2eRevenue: $M 23,155Scope 1 Intensity: 0.83 tCO2e/$MAlbaraka Turk Katilim BankasiYear: 2023Scope 1: 4,147 tCO2eRevenue: $M 576Scope 1 Intensity: 7.20 tCO2e/$MDNB BankYear: 2024Scope 1: 67 tCO2eRevenue: $M 7,456Scope 1 Intensity: 0.01 tCO2e/$MShinhan Financial GroupYear: 2024Scope 1: 13,575 tCO2eRevenue: $M 11,972Scope 1 Intensity: 1.13 tCO2e/$MQnb BankYear: 2023Scope 1: 15,265 tCO2eRevenue: $M 2,531Scope 1 Intensity: 6.03 tCO2e/$MTurkiye Garanti BankasiYear: 2024Scope 1: 16,820 tCO2eRevenue: $M 8,120Scope 1 Intensity: 2.07 tCO2e/$M

How does Turkiye Garanti Bankasi's GHG emissions intensity compare to its peers?

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 1.53 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Turkiye Garanti Bankasi rank on GHG emissions intensity within its industry?

In 2024, Turkiye Garanti Bankasi ranked 16 out of 25 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

Insights into Turkiye Garanti Bankasi's Total Carbon Footprint

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

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