- Managing climate risks and opportunities in a high-emitting economy.
- Ensuring the transition to a low-carbon economy.
- Balancing economic development with environmental and social sustainability.
Industrial Development Bank of Türkiye (TSKB)
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Industrial Development Bank of Türkiye (TSKB) disclosed greenhouse gas emissions of 13.1 million tons (emissions reduction contribution via renewable energy projects). By scope: Scope 3: 15% (share of the loan portfolio included in Scope 3 calculation and verification processes). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
13.1 million tons (emissions reduction contribution via renewable energy projects)
2024
Renewable Energy
33% (share of renewable energy projects in the loan portfolio)
of total energy
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 15% (share of the loan portfolio included in Scope 3 calculation and verification processes) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved carbon neutrality in operations in 2008.
- Improved CDP Climate Change Score to Leadership (A-) level in 2023.
- Science-based targets approved by SBTi in July 2023.
- 100% use of green electric energy.
- ~9 million tonnes CO2e annual GHG emissions reduced/avoided with renewable energy projects.
- ~1.6 billion kWh energy saving with energy efficiency projects.
- 33% share of renewable energy projects in the loan portfolio.
- 421 renewable energy projects financed to date.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Provide SDG-linked financing of a minimum USD 10 billion by 2030.
- Maintain the ratio of SDG-linked loans in the total portfolio at 90% and above.
- Keep the share of loans contributing to climate and environment-focused SDGs in the total loan portfolio at 60%.
📅 Medium-term
- Reduce absolute scope 1 GHG emissions 63% by 2035 from a 2021 base year.
- Continue active annual sourcing of 100% renewable electricity through 2030.
- Reduce electricity generation project finance portfolio GHG emissions from 85.6% per kWh by 2035 from a 2021 base year.
- Reduce GHG emissions from the commercial real estate sector within its corporate loan portfolio 71% per square meter by 2035 from a 2021 base year.
- Reduce GHG emissions from the electricity generation sector within its corporate loan portfolio 85.7% per kWh by 2035 from a 2021 base year.
🔭 Long-term
- Align its loan and investment portfolio with zero-emission targets by 2050.
🌱 ESG Focus Areas
Climate Change Mitigation and AdaptationSustainable DevelopmentInclusive GrowthSocial InfrastructureRenewable EnergyEnergy EfficiencyCircular EconomyEthicsComplianceCyber SecurityData PrivacyHuman Capital