Value to Our Future
I
Sustainable Carbon Management
Ziraat Bank aims to reduce both direct and indirect greenhouse gas emissions across all its operations as part of its endeavors to combat human-induced climate change, which poses a threat to the long-term viability of the ecosystem. To this end, endeavors are underway to reduce carbon emissions at the Head Office and branches.
The Bank supports investments reducing the negative impacts of producer sectors in combating the climate crisis and transition to a zero-carbon economy, and closely monitors and evaluates new technologies in the fields of energy efficiency, renewable energy, efficient mobility, and circular economy. Ziraat Bank contributes to sustainability goals through carbon footprint monitoring, waste management, and environmental-social impact management.
Ziraat Bank Carbon Zero Journey
Increasing energy efficiency
Promoting the use of renewable energy
Designing sustainable financing products
Investing in technologies reducing carbon footprint
Training employees on eco-friendly practices
Greenhouse Gas Emissions
While Ziraat Bank’s total location-based emission value was calculated as 189,899.45 tCO2e in 2023, this value decreased to 140,815.28 tCO2e in 2024 and a reduction of 49,084.17 tCO2e was achieved. In order to improve the accuracy and scope of emission calculations, TSE-approved up-to-date methodologies were applied, and the latest emission factors were used.
With the YEK-G Certificate, Scope 2 emissions, which constitute 43.38% of total emissions, were offset, and market-based Scope 2 emissions were reduced to zero.
As part of the endeavors to expand the scope, services purchased for the first time this year were included in the emission calculations, making the monitoring process more holistic. However, with the inclusion of waste transportation under the Upstream Transport category, transport-related emission calculations have been addressed within a broader scope. By employing the Pedigree Matrix in uncertainty calculations, quantitative uncertainty analyses were conducted in place of qualitative methods, thereby yielding numerical and comprehensive results.
With the capabilities provided by digitalization, the calculations for each emission source and facility can be analyzed in detail, resulting in more effective data management and sustainability performance monitoring. As in every year, Ziraat Bank’s Scope 1, Scope 2, and limited Scope 3 greenhouse gas emission measurements for 2024 were verified by an independent third-party assurance provider.
The GHG Protocol Standard has been followed for the scope of greenhouse gas emissions. In 2023, IPCC and Defra references were used for greenhouse gas calculations within the set limits. The Global Warming Potentials (GWPs) used in the calculations were taken from the IPCC 6th assessment report.
2024 Emission Distribution by Scope (%)
|
Scope 2 |
43 |
|
Scope 3 |
28 |
|
Scope 1 |
29 |
Comparison of Scope 1 and Scope 2 Emissions by Years
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| Emission Source |
2021 Emissions (ton CO2eq)
|
2022 Emissions (ton CO2eq)
|
2023 Emissions (ton CO2eq)
|
2024 Emissions (ton CO2eq)
|
|
Constant Combustion |
12,314 |
36,551.80 |
23,671.49 |
16,772.585 |
|
Mobile Combustion |
14,163 |
16,720.07 |
16,852.68 |
16,207.219 |
|
Leak Emissions |
7,771 |
929.56 |
4,209.67 |
7,862.5009 |
|
Purchased Electricity (Market-based) |
38,564 |
27,729.52 |
60,908.87 |
0 |
Ziraat Bank took a step towards renewable energy consumption by purchasing 50,000 MWh of I-REC in 2022 and 75,000 MWh in 2023. Furthermore, Ziraat Bank achieved net-zero Scope 2 emissions for 2024 by purchasing a Renewable Energy Resources Support Mechanism (RES-G) certificate.
Change of Energy Indirect Greenhouse Gas Emissions
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| Indirect Greenhouse Gas Emissions (Scope 2) | 2022 | 2023 | 2024 | Scope 2 change (%) | |||||
|
Indirect Energy Consumption |
Indirect Energy Consumption |
Indirect Energy Consumption |
Indirect Greenhouse Gas Emissions (tCO2e) |
Indirect Energy Consumption |
Indirect Greenhouse Gas Emissions (tCO2e) |
2022/2023 |
2023/2024 |
||
|
Purchased Electricity (kWh) |
113,021,645.69 |
27,729.52 |
197,948,859.74 |
60,908.87 |
129,851,667.81 |
0 |
120 |
-100 |
In a comparison with previous years, the table below shows changes in Scope 1 and Scope 2 emissions. The table shows the changes in Ziraat Bank Scope 1-2 emissions over the years. Market-based emissions are considered for Scope 2.
Changes in Ziraat Bank Scope 1-2 Emissions by Years
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|
Greenhouse Gas Emissions (tCO2e)
|
Scope 1 (tCO2e)
|
Scope 2 (tCO2e)
|
Total tCO2e (Scope 1&2)
|
Change for Total tCO2e %
|
Greenhouse Gas Intensity (tCO2e/ TL Million Turnover)
|
|
2021 |
34,335.90 |
38,564.10 |
72,900.00 |
2.05 |
0.053 |
|
2020 |
32,728.70 |
39,110.40 |
71,437.20 |
-12,38 |
0.076 |
|
2019 |
33,779.80 |
47,754.30 |
81,534.10 |
7.48 |
0.125 |
|
2018 |
29,015.40 |
46,841.50 |
75,856.90 |
-13.47 |
0.141 |
|
2017 |
33,428.60 |
54,234.30 |
87,662.90 |
3.29 |
0.202 |
|
2016 |
36,478.00 |
48,394.70 |
84,872.70 |
-5.27 |
0.237 |
|
2015 |
40,441.00 |
49,151.60 |
89,592.60 |
17.31 |
0.296 |
|
2014 |
36,060.50 |
40,311.20 |
76,371.60 |
- |
0.308 |
Ziraat Bank had previously calculated carbon footprint intensity considering its assets. However, in 2022 and 2023, it calculated this value based on net interest income. For 2024, the emission density table prepared for different parameters is given below.
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| Metrics | Year 2023 | Year 2024 |
Total CO2e t by Market 2023
|
Total CO2e t by Market 2024
|
Carbon Intensity 2023 | Carbon Intensity 2024 | Difference | Change % |
|
Number of Employees |
27,565.00 |
26,011 |
156,809.44 |
79,730.68 |
5.68871540 |
3.06526777 |
-2.62344763 |
-46.117 |
|
Net Interest Income TL |
129,597,000,000 |
165,628,518,000 |
156,809.44 |
79,730.68 |
0.00000121 |
0.00000048 |
-0.00000073 |
-60.216 |
|
Assets (TL million) |
3,800,385 |
5,384,860 |
156,809.44 |
79,730.68 |
0.041266146 |
0.01480645 |
-0.02645501 |
-64.116 |
|
Total m2 |
816,506.82 |
817,031.82 |
156,809.44 |
79,730.68 |
0.19204915 |
0.09758577 |
-0.09446338 |
-49.187 |
The table in Page X shows the Scope 1, 2, and 3 emissions and net interest income intensities for the years 2022, 2023 and 2024. In 2024, the intensity of greenhouse gas emissions at Ziraat Bank, based on net interest income, was 0.00000048.
The Bank’s greenhouse gas inventory for 2024 was 79,730.68 tCO2e. Although the limit for Scope 3 emissions was expanded in 2024, the greenhouse gas inventory for 2024 decreased by 49.2% year-on-year as a result of improvements in our emission calculation methodologies and achieving net-zero Scope 2 emissions with RES-G.
Scope 1-2-3 Emissions and Intensity (tCO2/Net Interest Income) Changes in 2023 and 2024
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|
Greenhouse Gas Emissions (tCO2e)
|
Scope 1 (tCO2e)
|
Scope 2 (tCO2e)
|
Scope 3 (tCO2e)
|
Total tCO2e (Scope 1-2-3)
|
Greenhouse Gas Intensity (tCO2e/Net Interest Income)
|
|
2024 |
40,842.30 |
0 |
38,888.38 |
79,730.68 |
0.00000048 |
|
2023 |
44,733.85 |
60,908.87 |
51,166.73 |
156,809.44 |
0.00000121 |
In 2024, Ziraat Bank employed the Pedigree Method for its greenhouse gas inventory uncertainty calculations. The total uncertainty value for direct and indirect greenhouse gas emissions is calculated as +/- 7.73%.
The integrated report addresses the economic, environmental, and social performance of Ziraat Bank for the period between 1 January 2024 and 31 December 2024 under a holistic approach. The report includes information regarding the Bank’s banking activities and its domestic and international subsidiaries.
Your views on how we can further improve our report in the future will guide us. Please share your opinions and suggestions via e-mail.
