Akbank
Akbank T.A.Ş., commonly known as Akbank, is a leading financial institution headquartered in Istanbul, Turkey. Established in 1948, the bank has grown to become a prominent player in the Turkish banking sector, with a strong presence across major operational regions in Turkey and international markets. Specialising in retail, corporate, and investment banking, Akbank offers a diverse range of products and services, including loans, credit cards, and digital banking solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive landscape. Recognised for its robust financial performance, Akbank has achieved significant milestones, including numerous awards for excellence in banking services. With a strong market position, it continues to play a vital role in Turkey's economic development and financial stability.
DitchCarbon Score
How does Akbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Akbank's score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Akbank's reported carbon emissions
In 2023, Akbank reported total carbon emissions of approximately 11,932,000 kg CO2e from Scope 1 and about 9,971,000 kg CO2e from Scope 3, with no emissions recorded for Scope 2. This represents a consistent level of Scope 1 emissions compared to 2022, where they also reported 11,932,000 kg CO2e. However, in 2022, Scope 2 emissions were significantly higher at approximately 15,415,000 kg CO2e, indicating a shift in energy consumption or reporting practices. Over the past few years, Akbank's emissions have shown variability. In 2021, the bank's Scope 1 emissions were about 12,485,000 kg CO2e, while Scope 2 emissions peaked at approximately 24,300,000 kg CO2e. Notably, in 2020, Scope 1 emissions were recorded at 10,298,000 kg CO2e, and Scope 2 emissions were at 47,770,000 kg CO2e, suggesting a trend of fluctuating emissions primarily driven by operational changes. Despite these figures, Akbank has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The bank's emissions data is not cascaded from any parent organization, and all reported figures are directly from Akbank T.A.Ş. Overall, while Akbank has maintained a stable level of Scope 1 emissions, the lack of Scope 2 emissions in 2023 and the absence of formal reduction commitments highlight an area for potential improvement in their climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 11,102,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 53,505,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Akbank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
