Climate Transition Roadmap 2026

Climate Transition Roadmap 2026

Access the report here

Access the report here

“More than a bank”

in climate transition…

“More than a bank”

in climate transition…

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Our CEO’s Remarks

Backed by our deeply rooted heritage of over 162 years, we have always been at the forefront of every aspect of the Turkish economy, driven by our strong balance sheet, and a broad footprint extending from agriculture to industry, energy, and trade. Today, with the same determination, we stand behind the low-carbon future of our economy.

Alpaslan Çakar
CEO
Read More

Our CEO’s Remarks

Backed by our deeply rooted heritage of over 162 years, we have always been at the forefront of every aspect of the Turkish economy, driven by our strong balance sheet, and a broad footprint extending from agriculture to industry, energy, and trade. Today, with the same determination, we stand behind the low-carbon future of our economy.

Alpaslan Çakar
CEO
Read More

Our Core Decarbonization Principles

Ziraat Bank’s portfolio decarbonization approach

1. Supporting customers’ transition

Active support to transition through the financing of modernization and renewable energy investments in high-emission sectors

2. Green transformation of the portfolio

Growing financing volume for low-emission customers, with priority given to low-carbon technologies in new lending

3. A prudent approach to high-emission segments

Prudent financing policy for segments with high climate risk, with climate risk assessment applied to long-term loans

as a last resort

4. Last resort: Carbon offsetting

Limited, last-resort use of carbon credits in areas where emission reduction is not feasible, in line with international standards

Emissions Scope and Measurement Approach

Financed Emissions 

(Scope 3 - Category 15) 

At the core of Ziraat Bank’s decarbonization strategy lies its financed emissions, which fall under Scope 3 - Category 15 and originate from its loan portfolio, rather than its own operational emissions. Utilizing the PCAF methodology, the total indirect emissions induced by the Bank’s portfolio in the 2024 base year were measured and verified as 16,320,523.68 tCO₂e.

Climate Profile of the Existing Portfolio and Base Emissions

Metrics Tailored to the Operational Structure of Each Sector 

In carbon intensity calculations, metrics tailored to the operational structure of each sector are utilized. These benchmark metrics include tCO₂e/MWh for electricity generation, tCO₂e/ton of steel for iron and steel, tCO₂e/ton of cement for the cement sector, and tCO₂e/ton of product for the agricultural sector, in alignment with FLAG standards.

Emissions Scope and Measurement Approach

Climate Profile of the Existing Portfolio and Base Emissions

Financed Emissions 

(Scope 3 - Category 15) 

At the core of Ziraat Bank’s decarbonization strategy lies its financed emissions, which fall under Scope 3 - Category 15 and originate from its loan portfolio, rather than its own operational emissions. Utilizing the PCAF methodology, the total indirect emissions induced by the Bank’s portfolio in the 2024 base year were measured and verified as 16,320,523.68 tCO₂e.

Metrics Tailored to the Operational Structure of Each Sector 

In carbon intensity calculations, metrics tailored to the operational structure of each sector are utilized. These benchmark metrics include tCO₂e/MWh for electricity generation, tCO₂e/ton of steel for iron and steel, tCO₂e/ton of cement for the cement sector, and tCO₂e/ton of product for the agricultural sector, in alignment with FLAG standards.

Emissions Scope and Measurement Approach

Financed Emissions 

(Scope 3 - Category 15) 

At the core of Ziraat Bank’s decarbonization strategy lies its financed emissions, which fall under Scope 3 - Category 15 and originate from its loan portfolio, rather than its own operational emissions. Utilizing the PCAF methodology, the total indirect emissions induced by the Bank’s portfolio in the 2024 base year were measured and verified as 16,320,523.68 tCO₂e.

Climate Profile of the Existing Portfolio and Base Emissions

Metrics Tailored to the Operational Structure of Each Sector 

In carbon intensity calculations, metrics tailored to the operational structure of each sector are utilized. These benchmark metrics include tCO₂e/MWh for electricity generation, tCO₂e/ton of steel for iron and steel, tCO₂e/ton of cement for the cement sector, and tCO₂e/ton of product for the agricultural sector, in alignment with FLAG standards.

Climate Transition Roadmap

Climate Transition Roadmap

Compliance with International Standards and Scientific Scenarios 

Compliance with International Standards and Scientific Scenarios 

Sectoral decarbonization targets are entirely science-based, referencing the IEA 2050 Net Zero scenarios for the electricity generation, iron-steel, and cement sectors. For the agriculture (crop production) sector, pathways aligned with the SBTi FLAG 1.5°C are followed, while target-setting processes are backed by premier global reporting frameworks such as IFRS, ITPN, and PCAF.

Sectoral decarbonization targets are entirely science-based, referencing the IEA 2050 Net Zero scenarios for the electricity generation, iron-steel, and cement sectors. For the agriculture (crop production) sector, pathways aligned with the SBTi FLAG 1.5°C are followed, while target-setting processes are backed by premier global reporting frameworks such as IFRS, ITPN, and PCAF.

Sectoral Decarbonization Targets and Methodology

Sectoral Decarbonization Targets and Methodology

Electricity Generation Emission Reduction Target

69%

Electricity generation sector emissions intensity (tCO₂e/MWh)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: International Energy Agency (2050 Net Zero)
PCAF score: 3.34
0.58
2024
0.18
2030

Iron and Steel Production Emission Reduction Target

19.8%

Iron and steel sector emissions intensity (tCO₂e/ton steel)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: International Energy Agency (2050 Net Zero)
PCAF score: 2.89
0.79
2024
0.64
2030

Cement Production Emission
Reduction Target

19.8%

Cement sector emissions intensity (tCO₂e/ton cement)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: International Energy Agency (2050 Net Zero)
PCAF score: 2.83
0.84
2024
0.67
2030

Wheat Production Emission
Reduction Target

11.6%

Wheat (agriculture) sector emissions intensity (tCO₂e/ton product)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: Science-Based Targets initiative Forest, Land, and Agriculture (SBTi FLAG) 1.5°C
0.42
2024
0.37
2030

Maize Production Emission
Reduction Target

14%

Maize (agriculture) sector emissions intensity (tCO₂e/ton product)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: Science-Based Targets initiative Forest, Land, and Agriculture (SBTi FLAG) 1.5°C
0.41
2024
0.35
2030

Rice Production Emission
Reduction Target

11.1%

Rice (agriculture) sector emissions intensity (tCO₂e/ton product)

Scope:
Scope 1 and 2 emissions
Reference Roadmap: Science-Based Targets initiative Forest, Land, and Agriculture (SBTi FLAG) 1.5°C
0.94
2024
0.84
2030

Portfolio Performance Progressing in Alignment with Climate Targets

Portfolio Performance Progressing in Alignment with Climate Targets

To ensure that climate targets advance in alignment with portfolio performance, Ziraat Bank annually updates its financed emissions, emission intensity indicators, customer transformation levels, and the implementation status of selected actions.

To ensure that climate targets advance in alignment with portfolio performance, Ziraat Bank annually updates its financed emissions, emission intensity indicators, customer transformation levels, and the implementation status of selected actions.

Financing the Transition 

Financing the Transition 

Ziraat Bank plays an active role in sectoral transition by financing technology modernization and renewable energy investments across all sectors. The Bank intends to pivot its portfolio composition toward a more sustainable, resource-efficient, and green configuration by steering its risk appetite toward low-carbon technologies.

Ziraat Bank plays an active role in sectoral transition by financing technology modernization and renewable energy investments across all sectors. The Bank intends to pivot its portfolio composition toward a more sustainable, resource-efficient, and green configuration by steering its risk appetite toward low-carbon technologies.

Improvement Areas for the Climate Transition Strategy

Improvement Areas for the Climate Transition Strategy

Ziraat Bank’s focal areas for the upcoming period include enhancing data quality, deepening sector-specific strategies, ensuring a more systematic integration of climate risks into decision-making processes, and developing sustainable finance products.

Ziraat Bank’s focal areas for the upcoming period include enhancing data quality, deepening sector-specific strategies, ensuring a more systematic integration of climate risks into decision-making processes, and developing sustainable finance products.

Ziraat Bank’s Carbon Markets Vision

Ziraat Bank’s Carbon Markets Vision

In the upcoming period, as the National ETS comes into effect, Ziraat Bank will continue to closely monitor the emerging national carbon market structure, credit offsetting rules, sector-based methodologies, and regulations regarding the integration of voluntary and compliance markets.

In the upcoming period, as the National ETS comes into effect, Ziraat Bank will continue to closely monitor the emerging national carbon market structure, credit offsetting rules, sector-based methodologies, and regulations regarding the integration of voluntary and compliance markets.

Integrating Climate Risk into Financial Decision-Making 

Integrating Climate Risk into Financial Decision-Making 

Climate-related risks are systematically embedded into Ziraat Bank’s corporate risk management framework and risk heat maps. The financial implications of these risks on Expected Credit Losses (ECL) under TFRS 9 models are quantified through comprehensive stress tests conducted under Orderly, Disorderly, and Hot House World scenarios. 

Climate-related risks are systematically embedded into Ziraat Bank’s corporate risk management framework and risk heat maps. The financial implications of these risks on Expected Credit Losses (ECL) under TFRS 9 models are quantified through comprehensive stress tests conducted under Orderly, Disorderly, and Hot House World scenarios. 

© 2026

Proudly produced by FİNAR.

© 2026

Proudly produced by FİNAR.

© 2026

Proudly produced by FİNAR.