Bank Of Cyprus
Bank of Cyprus Public Company Ltd, commonly known as Bank of Cyprus, is a leading financial institution headquartered in Nicosia, Cyprus (CY). Established in 1899, it has played a pivotal role in the Cypriot banking sector, expanding its operations across Europe and the UK. The bank primarily operates in the banking and financial services industry, offering a comprehensive range of products including personal and business banking, wealth management, and investment services. With a strong focus on innovation, Bank of Cyprus is recognised for its digital banking solutions, enhancing customer experience and accessibility. The bank has achieved significant milestones, including its successful recovery following the financial crisis of 2013, positioning itself as a key player in the region. Its commitment to customer service and financial stability continues to solidify its market position as a trusted banking partner in Cyprus and beyond.
DitchCarbon Score
How does Bank Of Cyprus's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of Cyprus's score of 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of Cyprus's reported carbon emissions
In 2022, Bank of Cyprus reported total greenhouse gas (GHG) emissions of approximately 33,215,000 kg CO2e, with Scope 1 emissions accounting for about 983,960 kg CO2e and Scope 3 emissions reaching approximately 21,815,690 kg CO2e. The breakdown of Scope 1 emissions includes mobile combustion (197,080 kg CO2e), fugitive emissions (618,520 kg CO2e), and stationary combustion (168,360 kg CO2e). For 2021, the bank's total emissions were approximately 35,301,000 kg CO2e, with Scope 1 emissions at about 1,028,710 kg CO2e and Scope 3 emissions at approximately 22,848,950 kg CO2e. As of 2025, specific emissions data was not disclosed, but the bank has reported metrics related to emissions avoided per square metre financed, indicating a proactive approach to sustainable finance. For commercial properties, emissions avoided are approximately 69,000 kg CO2e per square metre financed, while for residential properties, the annual absolute GHG emissions are about 19,000 kg CO2e per square metre financed. Currently, Bank of Cyprus has not set specific reduction targets or climate pledges, and there are no emissions data cascaded from a parent organization. The bank's climate commitments and initiatives are still developing, reflecting a growing awareness of the importance of sustainability in the financial sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of Cyprus is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
