Bank of Cyprus Public Company Limited Sustainability Profile
Bank of Cyprus Public Company Limited, commonly referred to as Bank of Cyprus, is a leading financial institution headquartered in Nicosia, Cyprus. Established in 1899, it has played a pivotal role in the Cypriot banking sector, offering a wide range of services across retail, corporate, and investment banking. The bank operates primarily in Cyprus, with a growing presence in international markets. With a focus on customer-centric solutions, Bank of Cyprus provides unique products such as personal loans, mortgages, and business financing, tailored to meet diverse client needs. The bank has achieved significant milestones, including its successful restructuring and return to profitability in recent years, solidifying its position as a key player in the region. Recognised for its commitment to innovation and service excellence, Bank of Cyprus continues to enhance its offerings, ensuring it remains a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Bank of Cyprus Public Company Limited'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 Public Company Limited's score of 16 is lower than 90% 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 Public Company Limited's reported carbon emissions
In 2022, Bank of Cyprus Public Company Limited reported greenhouse gas (GHG) emissions of approximately 53,500 kg CO2e per square metre, with data cascaded from its parent company, Bank of Cyprus Holdings Public Limited Company. For 2024, the reported emissions decreased to about 47,190 kg CO2e per square metre, indicating a positive trend in reducing their carbon footprint. Currently, the bank has not disclosed specific data for Scope 1, Scope 2, or Scope 3 emissions, nor have they set formal reduction targets through initiatives such as the Science Based Targets initiative (SBTi). Despite this, the bank is actively engaged in climate commitments, although specific pledges or initiatives have not been detailed. As a current subsidiary of Bank of Cyprus Holdings Public Limited Company, the emissions data reflects the bank's ongoing efforts to align with industry standards for climate action. The focus on reducing emissions per square metre demonstrates a commitment to sustainability and environmental responsibility within the financial sector.
How Carbon Intensive is Bank of Cyprus Public Company Limited's Industry?
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Bank of Cyprus Public Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of Cyprus Public Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
