Turkiye Vakiflar Bankasi TAO

Common Name
Turkiye Vakiflar Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
18,730
Ticker
VAKBN.E
Exchange
BORSA ISTANBUL
Description
Türkiye Vakıflar Bankası T.A.O., commonly known as VakıfBank, is a leading financial institution in Turkey. Established in 1954, it plays a crucial role in Turkey's banking sector by offering a compre...

Turkiye Vakiflar Bankasi's Climate Target Data Preview

As of 2023, Turkiye Vakiflar Bankasi has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 3 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 Vakiflar 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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2032
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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2032
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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2032
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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2032
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Turkiye Vakiflar Bankasi's Greenhouse Gas Emissions Pathways

As of 2023, Turkiye Vakiflar 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.

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

As of 2023, Turkiye Vakiflar Bankasi has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Turkiye Vakiflar Bankasi's most ambitious operational target is to reduce these emissions by 51% by 2032, compared to a baseline of 18,202 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.

As of 2023, Turkiye Vakiflar Bankasi is ahead of schedule on its operational emissions reduction target, having achieved 61.67% of the planned reduction.

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

20212023203205 k10 k15 k20 kBaselineCurrent (-31%)Target 2032 (-51%)

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

As of 2023, Turkiye Vakiflar 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.

Turkiye Vakiflar Bankasi's most ambitious value chain target is to reduce these emissions by 52.7% by 2032, compared to a baseline of 0.001 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2021.

Instead of reducing value chain emissions, Turkiye Vakiflar Bankasi has increased them, with 2022 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.

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

20212022203200000Current (+-0%)Target 2032 (-53%)
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