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Climate-Related Financial Disclosures: The Case of Commercial Banks in Türkiye

Cilt: 4 Sayı: 1 26 Haziran 2025
Uluslararası Güncel Sosyal Bilimler Dergisi Kapak
Uluslararası Güncel Sosyal Bilimler Dergisi
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Climate-Related Financial Disclosures: The Case of Commercial Banks in Türkiye

Abstract

This article evaluates climate-related financial disclosures of the banking sector in Türkiye in line with the recent developments in sustainability reporting standards. Our article is the first study to score banks' climate change reports in Türkiye using the Task Force on Climate-related Financial Disclosures (TCFD) criteria. Climate change poses significant risks and opportunities in the financial sector, and the scoring measures banks' awareness of this issue. The scoring is done manually using 2021 and 2023 data from 10 commercial banks. The findings are compared with the Carbon Disclosure Project (CDP) scores and banks' financial indicators. The scoring made with TCFD criteria is observed to have a strong and positive correlation with CDP scores. We also examine whether banks' capacity to manage climate change risks plays a decisive role on financial performance indicators. Although the financial sector indirectly causes carbon emissions, the preparation and evaluation of these reports are important for both the financial health and reputation of banks and the reduction of carbon emissions. A positive but weak relationship is found between the calculated TCFD scores and the banks' financial performance indicators. Sustainability scores of banks in Türkiye regarding climate change have not yet been found to have a significant impact on their financial performance, according to current data.

Keywords

Kaynakça

  1. Andrew, J., & Cortese, C. L. (2011). Carbon disclosures: Comparability, the carbon disclosure project and the greenhouse gas protocol. Australasian Accounting, Business and Finance Journal, 5(4), 5–18.
  2. Blanding, M. (2016, April 4). A refresher on return on assets and return on equity. Harvard Business Review. Retrieved August 23, 2024, from https://hbr.org/2016/04/a-refresher-on-return-on-assets-and-return-on-equity
  3. CDP (2024). About us. Carbon Disclosure Project. Retrieved August 14, 2024, from https://www.cdp.net/en/info/about-us
  4. Friedrich, T. J., Velte, P., & Wulf, I. (2022). Corporate climate reporting of European banks: Are these institutions compliant with climate issues? Business Strategy and the Environment, 32(6), 2817–2834. https://doi.org/10.1002/bse.3272
  5. Halk Yatırım Menkul Kıymetler A.Ş. (2021). Albaraka Türk Katılım Bankası A.Ş. 2021 yıllık raporu. Retrieved from https://www.halkyatirim.com.tr/pdf/SirketRaporlari/248671_ALBRK_07122021_sirketrapor.pdf
  6. Task Force on Climate-related Financial Disclosures (TCFD) (2024). About the TCFD. Retrieved August 14, 2024, from https://www.fsb-tcfd.org/about/
  7. Türkiye Bankalar Birliği (2021). Bankalarımız 2021. Retrieved from https://www.tbb.org.tr/Content/Upload/Dokuman/8850/Bankalarimiz_2021.pdf
  8. Türkiye Bankalar Birliği (2023). Bankalarımız 2023. Retrieved from https://www.tbb.org.tr/Content/Upload/Dokuman/9034/Bankalarimiz_2023.pdf

Ayrıntılar

Birincil Dil

İngilizce

Konular

Panel Veri Analizi , Ekonometri (Diğer) , Ekolojik İktisat , Yeşil Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

26 Haziran 2025

Gönderilme Tarihi

15 Mayıs 2025

Kabul Tarihi

16 Haziran 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 4 Sayı: 1

IZ

https://izlik.org/JA49HG75NC

Kaynak Göster

RIS / Bibtex
APA
Ulu, T. B., & Başçı, E. (2025). Climate-Related Financial Disclosures: The Case of Commercial Banks in Türkiye. Uluslararası Güncel Sosyal Bilimler Dergisi, 4(1), 45-53. https://izlik.org/JA49HG75NC

ISSN: 2980-1540
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