Vakifbank
VakifBank, officially known as Türkiye Vakıflar Bankası T.A.O., is a prominent financial institution headquartered in Turkey. Established in 1954, the bank has grown to become a key player in the Turkish banking sector, with a strong presence in both retail and corporate banking across major operational regions, including Europe and the Middle East. Specialising in a diverse range of services, VakifBank offers innovative solutions in personal banking, commercial loans, and investment services. Its commitment to customer satisfaction and technological advancement sets it apart in a competitive market. With a robust market position, VakifBank has achieved significant milestones, including numerous awards for excellence in banking services, solidifying its reputation as a trusted financial partner in Turkey and beyond.
DitchCarbon Score
How does Vakifbank'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
Vakifbank's score of 40 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Vakifbank's reported carbon emissions
In 2023, Vakifbank reported total carbon emissions of approximately 11,883,000 kg CO2e for Scope 1, 460,000 kg CO2e for Scope 2, and 3,590,000 kg CO2e for Scope 3, resulting in a combined total of about 12,342,000 kg CO2e for Scope 1 and 2. This reflects a slight decrease in Scope 1 emissions from 12,825,000 kg CO2e in 2022, while Scope 2 emissions increased from 112,000 kg CO2e in the same year. The bank's Scope 3 emissions also rose from 2,532,000 kg CO2e in 2022. Vakifbank has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2027. These targets cover 7% of its total investment and lending activities, with required activities constituting 10% of total assets as of 2021. The bank's commitment to reducing greenhouse gas emissions from its operations (Scopes 1 and 2) is consistent with the necessary reductions to limit global warming to 1.5°C. The emissions data and targets are sourced from Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, with no cascaded data from parent organizations. As a financial institution, Vakifbank is actively working towards enhancing its sustainability practices and reducing its carbon footprint in line with industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 12,985 | 00,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 3,803 | 0,000 | 00,000 | 00,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 6,672 | 0,000 | 0,000 | 0,000 | 0,000,000 | 0,000,000 | 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.
Vakifbank 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.
