Turkiye Vakiflar Bankasi Turk Anonim Ortakligi AS 2024 SR
The report outlines VakıfBank's transition to the Turkish Sustainability Reporting Standards (TSRS) for the 2024 fiscal year, focusing on climate-related risks and opportunities. The company achieved carbon-neutral status for its banking operations by offsetting Scope 1 and Scope 2 emissions and sourcing 100% of its electricity from renewable sources. Key highlights include the approval of science-based targets by the SBTi and the integration of environmental and social risk assessments into the lending process for projects over USD 20 million. The bank also successfully issued a USD 500 million sustainable Eurobond and secured significant sustainability-themed syndicated loans to support green transformation.
Company: Turkiye Vakiflar Bankasi Turk Anonim Ortakligi AS
Sector: Financials
Country: Turkiye
Year: 2024
Type: SR
Pages: 23
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi AS
Tsrs-Compliant Sustainability Report
The report outlines VakıfBank's transition to the Turkish Sustainability Reporting Standards (TSRS) for the 2024 fiscal year, focusing on climate-related risks and opportunities. The company achieved carbon-neutral status for its banking operations by offsetting Scope 1 and Scope 2 emissions and sourcing 100% of its electricity from renewable sources. Key highlights include the approval of science-based targets by the SBTi and the integration of environmental and social risk assessments into the lending process for projects over USD 20 million. The bank also successfully issued a USD 500 million sustainable Eurobond and secured significant sustainability-themed syndicated loans to support green transformation.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Net Zero Target
Employees