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 marks a continuation of their emissions profile, as in 2022, the bank's emissions were approximately 11,932,000 kg CO2e for Scope 1, 15,415,000 kg CO2e for Scope 2, and 11,195,000 kg CO2e for Scope 3. Over the years, Akbank has maintained a consistent level of Scope 1 emissions, while Scope 2 emissions have seen a significant reduction from 24,300,000 kg CO2e in 2021 to zero in 2023. This indicates a strategic shift towards reducing indirect emissions associated with energy consumption. Despite these figures, Akbank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction targets suggests a need for further commitment to climate action within the banking sector. Overall, Akbank's emissions data reflects a complex landscape of carbon management, with notable achievements in reducing Scope 2 emissions, while still facing challenges in addressing Scope 3 emissions.
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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.
