Bank Of Cyprus

Bank Of Cyprus, a Commercial Banking firm headquartered in Cyprus, reported estimated total emissions of approximately 3.22 billion kg CO2e in 2025. This includes about 1.09 million kg CO2e from Scope 1, approximately 8.42 million kg CO2e from Scope 2, and around 3.19 billion kg CO2e from Scope 3 emissions.

In 2024, the company's estimated total emissions were approximately 2.89 billion kg CO2e, comprising about 934,000 kg CO2e from Scope 1, approximately 8.16 million kg CO2e from Scope 2, and around 2.88 billion kg CO2e from Scope 3 emissions.

For 2023, Bank Of Cyprus's Scope 1 and 2 emissions totalled approximately 8.85 million kg CO2e. In 2022, their Scope 1 emissions were approximately 1.11 million kg CO2e, and Scope 2 emissions were around 11.91 million kg CO2e. Scope 3 emissions in 2022 included approximately 16.14 million kg CO2e from purchased goods and services, about 2.24 million kg CO2e from upstream transportation and distribution, approximately 2.3 million kg CO2e from employee commute, around 2.88 million kg CO2e from waste generated in operations, and about 196,000 kg CO2e from business travel.

Bank Of Cyprus has committed to becoming carbon neutral in its own operations by 2030, with a long-term ambition to achieve Net Zero emissions by 2050. This includes an interim target to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, using 2021 as a baseline. The company also aims to reduce its Scope 1 and Scope 2 GHG emissions by 1% by 2025, compared to 2021. Furthermore, Bank Of Cyprus intends to reduce Scope 3 emissions through its supply chain and financing activities to Net Zero by 2050.