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Turkiye Vakiflar Bankasi TAO

Common Name
Turkiye Vakiflar Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
18,564
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 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)2024202320222021 - 2017
Total Scope 1
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a
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c
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d
0000000
Total Scope 2
Market-Based
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b
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c
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d
0000000
Location-Based
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c
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d
0000000
Total Scope 3
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b
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c
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d
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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c
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d
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Verified Sources Behind Turkiye Vakiflar 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 Vakiflar Bankasi’s data sources below and access millions more through our Disclosure Search.

a. Turkiye Vakiflar Bankasi's ESG Investor Presentation 2025
a. Turkiye Vakiflar Bankasi's ESG Investor Presentation 2025
b. Turkiye Vakiflar Bankasi's Integrated Report 2024
b. Turkiye Vakiflar Bankasi's Integrated Report 2024
c. Turkiye Vakiflar Bankasi's CDP Report sourced from company’s website 2024
c. Turkiye Vakiflar Bankasi's CDP Report sourced from company’s website 2024
d. Turkiye Vakiflar Bankasi's CDP Climate sourced from company’s website 2023
d. Turkiye Vakiflar Bankasi's CDP Climate sourced from company’s website 2023
e. Turkiye Vakiflar Bankasi's Integrated Report 2023
e. Turkiye Vakiflar Bankasi's Integrated Report 2023

Insights into Turkiye Vakiflar Bankasi's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofTurkiye Vakiflar Bankasi amounted to13,608metric 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 Bankasidecreased by 69.27%, showing that the company has made progress in taking action to reduce the climate impact of its operations.abc

Turkiye Vakiflar Bankasi's Scope 1 Emissions Over Time

202120222023202403.5 k7 k10.5 k14 ktCO2e0%-7%+9%
  • Total Scope 1
  • Year-over-Year Change

What are Turkiye Vakiflar Bankasi's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Turkiye Vakiflar Bankasi were 12,977 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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

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

What are Turkiye Vakiflar Bankasi's Scope 2 emissions?

In 2024, Turkiye Vakiflar Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 631 tCOâ‚‚e using the market-based method.b

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 88.33%, reflecting a declining long-term trend in Scope 2 emissions over time.be

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

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

Turkiye Vakiflar Bankasi's Scope 2 Emissions Over Time

202120222023202408.5 k17 k25.5 k34 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Turkiye Vakiflar Bankasi's Value Chain Emissions

In 2024, Turkiye Vakiflar Bankasi reported 29,617,219 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 2of 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

Turkiye Vakiflar Bankasi's Scope 3 Emissions Over Time

20212022202320240150 M300 M450 M600 MtCO2e+11997201%-88%-40%
  • Total Scope 3
  • Year-over-Year Change

What are Turkiye Vakiflar Bankasi's Scope 3 emissions?

In 2024, Turkiye Vakiflar Bankasi reported total Scope 3 emissions of 29,617,219 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

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

Since 2021, Turkiye Vakiflar Bankasi's Scope 3 emissionshave 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

What categories of Scope 3 emissions does Turkiye Vakiflar Bankasi disclose?

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.

What are the main sources of Turkiye Vakiflar Bankasi's Scope 3 emissions?

In 2024, the largest contributors to Turkiye Vakiflar Bankasi's Scope 3 emissions were:b

  • Investments (Cat. 15): 29,607,393 tCOâ‚‚e(99.98%)
  • Other/Unspecified Sources: 5,324 tCOâ‚‚e(0.02%)

Turkiye Vakiflar Bankasi's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

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

In 2024, Turkiye Vakiflar Bankasi reported Scope 1 greenhouse gas (GHG) emissions of 12,977 tCOâ‚‚e and total revenues of USD 4,501 millions. This translates into an emissions intensity of 2.88 tCOâ‚‚e per millions USD.a

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

1050020,0001,000,00050,000,000Scope 1 Emissions (tCO2e)1005002,00010,00020,000Revenues (Millions of USD)FMIHCredito EmilianoYear: 2024Scope 1: 2,976 tCO2eRevenue: $M 2,288Scope 1 Intensity: 1.30 tCO2e/$MBanco MacroYear: 2024Scope 1: 1,081 tCO2eRevenue: $M 4,385Scope 1 Intensity: 0.25 tCO2e/$MAkbank TASYear: 2024Scope 1: 11,210 tCO2eRevenue: $M 4,531Scope 1 Intensity: 2.47 tCO2e/$MTurkiye Halk BankasiYear: 2024Scope 1: 19,878 tCO2eRevenue: $M 2,191Scope 1 Intensity: 9.07 tCO2e/$MBank of SuzhouYear: 2024Scope 1: 630 tCO2eRevenue: $M 1,665Scope 1 Intensity: 0.38 tCO2e/$MBank of AyudhyaYear: 2024Scope 1: 9,007 tCO2eRevenue: $M 4,408Scope 1 Intensity: 2.04 tCO2e/$MFFFukuoka Financial GroupYear: 2024Scope 1: 2,961 tCO2eRevenue: $M 1,788Scope 1 Intensity: 1.66 tCO2e/$MMMMebuki Financial GroupYear: 2024Scope 1: 2,508 tCO2eRevenue: $M 1,661Scope 1 Intensity: 1.51 tCO2e/$MTurkiye Is BankasiYear: 2024Scope 1: 20,040 tCO2eRevenue: $M 7,936Scope 1 Intensity: 2.53 tCO2e/$MAbsa GroupYear: 2024Scope 1: 12,049 tCO2eRevenue: $M 5,865Scope 1 Intensity: 2.05 tCO2e/$MHaci Omer Sabanci HoldingYear: 2024Scope 1: 8,845,242 tCO2eRevenue: $M 11,720Scope 1 Intensity: 754.69 tCO2e/$MTSKBYear: 2024Scope 1: 628 tCO2eRevenue: $M 459Scope 1 Intensity: 1.37 tCO2e/$MTurkiye Garanti BankasiYear: 2024Scope 1: 16,820 tCO2eRevenue: $M 8,120Scope 1 Intensity: 2.07 tCO2e/$MWoori Financial GroupYear: 2024Scope 1: 12,690 tCO2eRevenue: $M 8,602Scope 1 Intensity: 1.48 tCO2e/$MIIIndustrial Bank of KoreaYear: 2023Scope 1: 6,242 tCO2eRevenue: $M 7,767Scope 1 Intensity: 0.80 tCO2e/$MCentral Bank of IndiaYear: 2025Scope 1: 7,084 tCO2eRevenue: $M 2,325Scope 1 Intensity: 3.05 tCO2e/$MSwedbankYear: 2024Scope 1: 853 tCO2eRevenue: $M 6,654Scope 1 Intensity: 0.13 tCO2e/$MYapi ve Kredi BankasiYear: 2024Scope 1: 16,421 tCO2eRevenue: $M 4,242Scope 1 Intensity: 3.87 tCO2e/$MAlbaraka Turk Katilim BankasiYear: 2023Scope 1: 4,147 tCO2eRevenue: $M 576Scope 1 Intensity: 7.20 tCO2e/$MBank of ChangshaYear: 2024Scope 1: 876 tCO2eRevenue: $M 3,553Scope 1 Intensity: 0.25 tCO2e/$MFlagstar BankYear: 2024Scope 1: 3,767 tCO2eRevenue: $M 2,584Scope 1 Intensity: 1.46 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MQnb BankYear: 2024Scope 1: 15,753 tCO2eRevenue: $M 2,865Scope 1 Intensity: 5.50 tCO2e/$MSaudi National BankYear: 2024Scope 1: 13 tCO2eRevenue: $M 10,238Scope 1 Intensity: 0.00 tCO2e/$MKasikornbankYear: 2024Scope 1: 15,062 tCO2eRevenue: $M 6,092Scope 1 Intensity: 2.47 tCO2e/$MTurkiye Vakiflar BankasiYear: 2024Scope 1: 12,977 tCO2eRevenue: $M 4,501Scope 1 Intensity: 2.88 tCO2e/$M

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

In 2024, Turkiye Vakiflar Bankasi reported a Scope 1 emissions intensity of 2.88 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

In 2024, Turkiye Vakiflar Bankasi ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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

Insights into Turkiye Vakiflar Bankasi's Total Carbon Footprint

In 2024, Turkiye Vakiflar Bankasi reported a total carbon footprint of 29,630,827 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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