VakifBank | Sustainability Performance
Offers banking and financial services including loans, deposits, investment products, and digital banking operations.
1954
Turkey
10,001+ employees
Banking
$1B - 10B in revenue
$1B - 10B in profitability
Sustainability Ranking & Industry Benchmark
#7613
Overall#30
in Turkey#304
in BankingSustainability Maturity
Sustainability Intent
Overview
Environmental
Carbon emissionsEnergy consumptionWaste managementWater managementSocial
Diversity and inclusionGovernance
TargetsESG scores and exclusionsFinancial Data
Business performanceCapital & innovation
CO2 scope 1 + 2
Laggard
Renewable energy
Aligned
Waste generated
Aligned
Female engagement
Aligned
Market cap
Revenue
Carbon emissions
Reveal data for 1 credit
Industry rank: 138 out of 498
Total CO2 emissions
(CO2e tonnes)
Industry rank: 138 out of 498
Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
(adj. for revenues)
Renewable energy
Reveal data for 1 credit
59%2024
Industry rank: 42 out of 498
Total energy consumption
and % renewables
(MWh, % of consumption)
Industry rank: 42 out of 498
Total energy
Share of renewable energy
Industry benchmark
Renewable electricity
Reveal data for 1 credit
Industry rank: Beyond Top 100
Total electricity consumption
and % renewables
(MWh, % of consumption)
Industry rank: Beyond Top 100
Total electricity
Share of renewable electricity
Industry benchmark
Intensity
Greenhouse gas intensity Scope 1, 2 (tCO₂e /$M)
Energy consumption (direct) intensity (MWh /$M)
Water consumption intensity (m³ /$M)
Industry Benchmark
7.5
B/M 4.6
20.3
B/M 10.2
41.6
B/M 31.0
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Female engagement
Reveal data for 1 credit
Share of female employees (%)
Share of female board members
25
50
75
100
Company
Benchmark
Waste
Reveal data for 1 credit
555.52024
Total waste generated (tonnes)
Total waste
Recovered & recycled
Not-recovered & not-recycled
Industry Benchmark
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Controversy level
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Carbon emissions breakdown
Reveal data for 2 credits
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Waste management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | Benchmark | ||
| ******* | ******* | - | - | - | - | ******* | ******* |
| ******* | ******* | - | - | - | - | ******* | ******* |
Water management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | Benchmark | ||
| ******* | ******* | - | - | - | - | ******* | ******* |
Market cap
Revenue
EBITDA
Operating margin
Margin trends
Margin as % of revenue
Gross margin
Operating margin
Net margin
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Free cashflow
Capex
Debt/equity ratio
Return on invested capital
6.0%FY2026
Return on invested capital (ROIC)
Industry benchmark
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Environmental policy coverage
Carbon reduction policy
Available
Human rights policy
Available
Recycling policy
Available
Workplace health & safety policy
Available
19%
Independent Directors
4 out of 21 incl. management
SBTi targets and commitments
| Target | Status | Temperature alignment | Year |
|---|---|---|---|
| Near-term target | Targets set | 1.5°C | 2027 |
| Long-term target | Not disclosed | - | - |
| Net-zero | Not disclosed | - | - |
| Business Ambition 1.5°C | Not disclosed | - | - |
Target details
Headline target: Vakıfbank’s portfolio targets cover 7% of its total investment and lending activities by total assets as of 2021. As of 2021, required activities made up 10% (1) of Vakifbank’s total investment and lending by total assets while optional activities made up 40% and out of scope activities made up 50% (1) The targets cover required activities for which the minimum coverage requirement is less than 100%. https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Vakiflar.pdf
Powered by illuminem and Science Based Targets initiative. Last updated: 06 Jul 2023Overall score
81
Environment
99
Social
99
Governance
46
Exclusion screening
Adult content
Not available
Alcoholic
Not available
Animal testing
Not available
Firearms
Not available
Tobacco
Not available
Gambling
Not available
Nuclear
Not available
