Turkiye Vakiflar Bankasi TAO

Common Name
Turkiye Vakiflar Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
18,209
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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 Integrated Report 2023
a. Turkiye Vakiflar Bankasi's Integrated Report 2023
b. Turkiye Vakiflar Bankasi's CDP Climate sourced from company’s website 2023
b. Turkiye Vakiflar Bankasi's CDP Climate sourced from company’s website 2023

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). a

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. a b

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 CO₂ equivalent (tCO₂e). a

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. a

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. a b

What are Turkiye Vakiflar Bankasi's Scope 2 emissions?

In 2023, Turkiye Vakiflar Bankasi reported Scope 2 greenhouse gas (GHG) emissions of 460 tCO₂e using the market-based method. a

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. a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a

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

In 2023, Turkiye Vakiflar Bankasi reported Scope 1 greenhouse gas (GHG) emissions of 11,883 tCO₂e and total revenues of USD 4,003 millions. This translates into an emissions intensity of 2.97 tCO₂e per millions USD. a

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

502,00050,0001,000,00050,000,000Scope 1 Emissions (tCO2e)1005002,00010,00020,000Revenues (Millions of USD)FMICredito EmilianoYear: 2023Scope 1: 2,724 tCO2eRevenue: $M 2,245Scope 1 Intensity: 1.21 tCO2e/$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: $M 2,191Scope 1 Intensity: 9.07 tCO2e/$MFFFukuoka Financial GroupYear: 2022Scope 1: 2,834 tCO2eRevenue: $M 2,003Scope 1 Intensity: 1.41 tCO2e/$MMMMebuki Financial GroupYear: 2023Scope 1: 2,742 tCO2eRevenue: $M 2,200Scope 1 Intensity: 1.25 tCO2e/$MTurkiye Is BankasiYear: 2023Scope 1: 18,333 tCO2eRevenue: $M 7,935Scope 1 Intensity: 2.31 tCO2e/$MAbsa GroupYear: 2024Scope 1: 12,049 tCO2eRevenue: $M 5,865Scope 1 Intensity: 2.05 tCO2e/$MBank of BarodaYear: 2025Scope 1: 1,807 tCO2eRevenue: $M 8,154Scope 1 Intensity: 0.22 tCO2e/$MPunjab National BankYear: 2025Scope 1: 10,621 tCO2eRevenue: $M 6,994Scope 1 Intensity: 1.52 tCO2e/$MHaci Omer Sabanci HoldingYear: 2024Scope 1: 8,845,242 tCO2eRevenue: $M 11,720Scope 1 Intensity: 754.69 tCO2e/$MTSKBYear: 2023Scope 1: 343 tCO2eRevenue: $M 475Scope 1 Intensity: 0.72 tCO2e/$MTurkiye Garanti BankasiYear: 2024Scope 1: 16,820 tCO2eRevenue: $M 8,120Scope 1 Intensity: 2.07 tCO2e/$MBank of BeijingYear: 2023Scope 1: 164 tCO2eRevenue: $M 9,321Scope 1 Intensity: 0.02 tCO2e/$MWoori Financial GroupYear: 2023Scope 1: 10,954 tCO2eRevenue: $M 9,235Scope 1 Intensity: 1.19 tCO2e/$MIIIndustrial Bank of KoreaYear: 2023Scope 1: 6,242 tCO2eRevenue: $M 7,767Scope 1 Intensity: 0.80 tCO2e/$MBOC Hong Kong HoldingsYear: 2024Scope 1: 517 tCO2eRevenue: $M 9,249Scope 1 Intensity: 0.06 tCO2e/$MMalayan BankingYear: 2024Scope 1: 11,761 tCO2eRevenue: $M 6,268Scope 1 Intensity: 1.88 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$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: $M 576Scope 1 Intensity: 7.20 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MFlagstar BankYear: 2023Scope 1: 4,136 tCO2eRevenue: $M 3,633Scope 1 Intensity: 1.14 tCO2e/$MQnb BankYear: 2023Scope 1: 15,265 tCO2eRevenue: $M 2,531Scope 1 Intensity: 6.03 tCO2e/$MTurkiye Vakiflar BankasiYear: 2023Scope 1: 11,883 tCO2eRevenue: $M 4,003Scope 1 Intensity: 2.97 tCO2e/$M

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

In 2023, Turkiye Vakiflar Bankasi reported a Scope 1 emissions intensity of 2.97 tCO₂e per millions USD. Compared to the peer group median of 1.47 , 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 2023, Turkiye Vakiflar Bankasi ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Turkiye Vakiflar Bankasi among the least efficient performers, with one of the highest emissions intensities in its sector. a

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 CO₂ equivalent (tCO₂e) 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. a b

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%. a

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