Albaraka Taone Fourthrk Participation Bank
Albaraka Taone Fourthrk Participation Bank, headquartered in Turkey (TR), is a prominent player in the Islamic banking sector, focusing on ethical finance solutions. Established in 1984, the bank has made significant strides in promoting participation banking principles across its major operational regions, including the Middle East and North Africa. Specialising in a range of financial services, Albaraka offers unique products such as profit-sharing accounts, Islamic financing, and investment services that adhere to Sharia-compliant guidelines. The bank's commitment to ethical banking practices has positioned it as a leader in the industry, earning recognition for its innovative approach and customer-centric solutions. With a strong market presence, Albaraka Taone Fourthrk Participation Bank continues to set benchmarks in the Islamic finance landscape.
DitchCarbon Score
How does Albaraka Taone Fourthrk Participation Bank'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
Albaraka Taone Fourthrk Participation Bank's score of 42 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Albaraka Taone Fourthrk Participation Bank's reported carbon emissions
In 2023, Albaraka Taone Fourthrk Participation Bank reported total carbon emissions of approximately 4,146,560 kg CO2e for Scope 1, 5,898,480 kg CO2e for Scope 2, and 2,306,700 kg CO2e for Scope 3, amounting to a total of about 12,351,740 kg CO2e. This reflects a slight increase in Scope 1 emissions compared to 2022, where emissions were approximately 4,036,680 kg CO2e for Scope 1, 5,942,190 kg CO2e for Scope 2, and only 92,100 kg CO2e for Scope 3, leading to a total of about 10,068,970 kg CO2e. The bank has committed to near-term targets as part of its climate strategy, although it has not yet established a net-zero commitment. The targets are expected to be submitted by July 31, 2023, as part of its compliance with the Science Based Targets initiative (SBTi). The emissions data is sourced directly from Albaraka Türk Katilim Bankasi A.S., with no cascaded data from a parent organization. Albaraka Taone Fourthrk Participation Bank operates within the financial sector in Turkey and is actively working towards enhancing its sustainability practices, although specific reduction targets have not been disclosed as of the latest reporting.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,844,990 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,964,880 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,901,060 | 000,000 | 00,000 | 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.
Albaraka Taone Fourthrk Participation Bank is participating in some 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.
