Turkiye Vakiflar Bankasi TAO

Common Name
Turkiye Vakiflar Bankasi
Country
Turkey
Sector
Financial Services
Industry
Banks - Regional
Employees
18,653
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 Waste Data Preview

In 2023, Turkiye Vakiflar Bankasi conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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a
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0000000
Total Hazardous Waste Generated
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind Turkiye Vakiflar Bankasi’s Waste Management Data

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a. Turkiye Vakiflar Bankasi's Integrated Report 2023
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Insights into Turkiye Vakiflar Bankasi's Waste Treatment Practices

In 2023, Turkiye Vakiflar Bankasi generated a total of 755 metric tonnes of waste. a

Of this amount, 97.26% of Turkiye Vakiflar Bankasi's total waste generated was recovered through methods such as recycling, reuse, or composting, while 2.74% was disposed of through landfilling, incineration, or combustion. a

Turkiye Vakiflar Bankasi's Waste Recovery Rate

97%

How much of Turkiye Vakiflar Bankasi's waste is recycled or recovered?

In 2023, Turkiye Vakiflar Bankasi reported a total waste generation of 755 metric tonnes, of which 97.26% was recovered through recycling, reuse, or composting. This high recovery rate suggests that Turkiye Vakiflar Bankasi has implemented strong circular economy practices and actively prioritizes sustainable waste management. a

Has Turkiye Vakiflar Bankasi reduced its environmental waste footprint over time?

Since 2021, Turkiye Vakiflar Bankasi's total waste generation increased by 60.56%, including a 22.3% increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices. a

Over the same period, Turkiye Vakiflar Bankasi's waste recovery rate remained stable both in the long term and in 2023, suggesting limited progress, or consistent recovery performance, without major shifts in strategy. a

Overall, Turkiye Vakiflar Bankasi's waste generation is rising, yet its recovery rates have remained stagnant. This suggests that the company’s operational growth is not being matched by parallel improvements in its waste treatment practices, potentially increasing its environmental footprint.

Turkiye Vakiflar Bankasi’s Waste Recovery vs. Disposal Over Time

2021202220230200400600800tonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Turkiye Vakiflar Bankasi’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Turkiye Vakiflar Bankasi generated a total of 755 metric tonnes of waste. a

Of this amount, 50.63% of Turkiye Vakiflar Bankasi's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 49.37% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

Turkiye Vakiflar Bankasi’s Hazardous vs Non-Hazardous Waste Over Time

2021202220230200400600800tonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Turkiye Vakiflar Bankasi reduced the environmental impact of its waste?

Since 2021, Turkiye Vakiflar Bankasi's total waste generation increased by 60.56%, including a 22.3% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a

Over the same period, Turkiye Vakiflar Bankasi reduced the hazardousness of its waste by 49.08%, with a further 48.91% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact. a

Overall, Turkiye Vakiflar Bankasi is generating more waste but has significantly reduced the share of hazardous materials, suggesting a partial decoupling of volume and toxicity that could reflect more responsible inputs or enhanced treatment. a

How does Turkiye Vakiflar Bankasi treat its hazardous waste?

In 2023, Turkiye Vakiflar Bankasi reported that 382 metric tonnes of its total waste output were classified as hazardous. This represents 50.63% of its overall waste generation. a

The company treated this hazardous waste using a combination of methods. A majority ( 96.05%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that Turkiye Vakiflar Bankasi has established processes to reduce the environmental burden of its most harmful waste streams. a

Breakdown of Turkiye Vakiflar Bankasi's Hazardous and Non-Hazardous Waste by Treatment Method

Hazardous WasteRecovered(48.6%)Non-Hazardous WasteRecovered(48.6%)
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