Climate Change Data

TSKB Sürdürülebilirlik Danışmanlığı A.Ş (Escarus)

Climate Impact & Sustainability Data (2018)

Reporting Period: 2018

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:24% (2016), projected 30% by 2022
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Green Bonds
  • Social Bonds
  • Sustainable Finance
  • Climate Change
  • Renewable Energy
  • Energy Efficiency
  • Resource Efficiency
  • Social Inclusion
  • Sustainable Development Goals (SDGs)

Environmental Achievements

  • Increased renewable energy consumption by 16.6% annually (2006-2016), reaching 486.8 million tonnes of oil equivalent (MTOE) by the end of 2017.
  • Renewable energy share in power generation reached 24% in 2016, projected to reach 30% by 2022.
  • Significant reduction in greenhouse gas emissions through CTF-funded projects in Turkey (902,000 tons of CO2e).

Social Achievements

  • Increased women's participation in the workforce faster than men's.
  • Social bonds financing projects focusing on social impact, including infrastructure investments, SME financing, microfinance, employment creation, and access to basic services.

Governance Achievements

  • Turkey's first Green Bond and Subordinated Sustainable Tier 2 Bond issuances.
  • 7 Turkish banks signed the Sustainable Finance Declaration to integrate environmental and social risks into credit processes.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve 30% renewable energy by 2022.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Regional inequalities in Turkey.
  • High and volatile inflation rates in Turkey.
  • Insufficient savings in Turkey.
  • Lack of standardization in definitions and taxonomies for sustainable and green finance.
  • Limited adaptation finance compared to mitigation finance.
  • Data gap in ESG parameters.
  • Limited capacity for assessing adaptation projects.
Mitigation Strategies
  • Encouraging policies to support women's participation in the workforce.
  • Developing green growth policies to reduce the current account deficit and increase GDP.
  • Developing new standards and methodologies for measuring sustainable finance.
  • Increasing investment in climate change adaptation.
  • Strengthening local assessment capacity and closing the data gap on ESG parameters.
  • Developing a national road map for financing sustainability and green economy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Disasters
Transition Risks
  • Transition to low-carbon economy
Opportunities
  • Development of low-carbon technologies
  • Green finance

Reporting Standards

Frameworks Used: Green Bond Principles (GBP), Sustainable Development Goals (SDGs), Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed