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 GHG Emissions Data Preview

In 2023, Turkiye Vakiflar 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 Vakiflar 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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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Turkiye Vakiflar Bankasi amounted to 12,343 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Turkiye Vakiflar Bankasi decreased by 70.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Turkiye Vakiflar Bankasi's Scope 1 Emissions Over Time

20212022202303.5 k7 k10.5 k14 ktCO2e0%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Turkiye Vakiflar Bankasi's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Turkiye Vakiflar Bankasi were 11,883 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2021, Turkiye Vakiflar Bankasi's Scope 1 emissions have decreased by 7.14%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Turkiye Vakiflar Bankasi's Scope 1 emissions decreased by 7.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Turkiye Vakiflar Bankasi's Scope 2 emissions?

In 2023, Turkiye Vakiflar Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 460 tCOâ‚‚e using the market-based method.

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

Since 2021, Turkiye Vakiflar Bankasi's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 91.49%, reflecting a declining long-term trend in Scope 2 emissions over time.

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

In 2023, Turkiye Vakiflar Bankasi reported its Scope 2 emissions using the market-based method.

Turkiye Vakiflar Bankasi's Scope 2 Emissions Over Time

20212022202307.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Turkiye Vakiflar Bankasi's Value Chain Emissions

In 2023, Turkiye Vakiflar Bankasi reported 3,590 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Turkiye Vakiflar Bankasi includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Turkiye Vakiflar Bankasi's Scope 3 Emissions Over Time

20212022202309001.8 k2.7 k3.6 ktCO2e-27%+42%
  • Total Scope 3
  • Year-over-Year Change

What are Turkiye Vakiflar Bankasi's Scope 3 emissions?

In 2023, Turkiye Vakiflar Bankasi reported total Scope 3 emissions of 3,590 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2021, Turkiye Vakiflar Bankasi's Scope 3 emissions have remained relatively stable, indicating that Turkiye Vakiflar Bankasi 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2022), Turkiye Vakiflar Bankasi's Scope 3 emissions increased by 41.79%, suggesting that the company faced challenges in reducing emissions across its value chain.

Insights into Turkiye Vakiflar Bankasi's Total Carbon Footprint

In 2023, Turkiye Vakiflar Bankasi reported a total carbon footprint of 15,933 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 63.69% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Turkiye Vakiflar Bankasi's total carbon footprint was Scope 1 emissions, accounting for 74.58% of the company's total carbon footprint, followed by Scope 3 emissions at 22.53%.

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