In 2024, 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).
Turkiye Vakiflar Bankasi has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 12,977a | 11,883.08c | 12,825.26d | |
Total Scope 2 | ||||
Market-Based | 631b | 594.08c | 111.94d | |
Location-Based | N/A | 32,405.79c | 28,528.94d | |
Total Scope 3 | 29,617,219b | 49,104,717.249c | 415,226,576.15d | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.8831a | 2.9685c | 2.5236d |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2024, the total operational greenhouse gas (GHG) emissions of Turkiye Vakiflar Bankasi amounted to 13,608 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).ab
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Turkiye Vakiflar Bankasi decreased by 69.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.abc
In 2024, the total Scope 1 emissions of Turkiye Vakiflar Bankasi were 12,977 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Turkiye Vakiflar Bankasi's Scope 1 emissions have increased by 1.41%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Turkiye Vakiflar Bankasi's Scope 1 emissions increased by 9.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ac
In 2024, Turkiye Vakiflar Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 631 tCO₂e using the market-based method.b
Since 2021, Turkiye Vakiflar Bankasi's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 88.33%, reflecting a declining long-term trend in Scope 2 emissions over time.be
In 2024, Turkiye Vakiflar Bankasi reported its Scope 2 emissions using the market-based method.b
In 2024, Turkiye Vakiflar Bankasi reported 29,617,219 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of Turkiye Vakiflar Bankasi includes a breakdown across 2 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.b
In 2024, Turkiye Vakiflar Bankasi reported total Scope 3 emissions of 29,617,219 metric tons of CO₂ equivalent (tCO₂e).b
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.b
Since 2021, Turkiye Vakiflar Bankasi's Scope 3 emissions have increased by 855,641.66%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Turkiye Vakiflar Bankasi's Scope 3 emissions decreased by 39.69%, highlighting the company's efforts to lower indirect emissions from its value chain.bc
In 2024, Turkiye Vakiflar Bankasi reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.b
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Turkiye Vakiflar Bankasi's Scope 3 emissions were:b
In 2024, Turkiye Vakiflar Bankasi reported Scope 1 greenhouse gas (GHG) emissions of 12,977 tCO₂e and total revenues of USD 4,501 millions. This translates into an emissions intensity of 2.88 tCO₂e per millions USD.a
In 2024, Turkiye Vakiflar Bankasi reported a Scope 1 emissions intensity of 2.88 tCO₂e per millions USD. Compared to the peer group median of 2.06, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Turkiye Vakiflar Bankasi ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Turkiye Vakiflar 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 Vakiflar Bankasi reported a total carbon footprint of 29,630,827 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.71% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.abc
The largest contributor to Turkiye Vakiflar Bankasi's total carbon footprint was Scope 3 emissions, accounting for 99.95% of the company's total carbon footprint, followed by Scope 1 emissions at 0.04%.ab