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 35 is higher than 57% 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, headquartered in Cyprus (CY), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The bank is a current subsidiary of Bank of Cyprus Holdings Public Limited Company, which may influence its climate-related initiatives and reporting. Despite the absence of direct emissions data, Bank of Cyprus is part of a corporate family that is engaged in climate commitments. The emissions data and performance metrics are cascaded from its parent organization, Bank of Cyprus Holdings Public Limited Company. However, specific reduction targets or climate pledges have not been disclosed. As a financial institution, Bank of Cyprus is likely to align with industry standards and best practices regarding climate commitments, although specific initiatives or targets have not been detailed in the available information. The bank's approach to sustainability and climate action may be informed by broader corporate strategies within its parent company, but further specifics are not provided.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,028,710 | 000,000 | 000,000 |
| Scope 2 | 11,423,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 21,750,750 | 00,000,000 | 00,000,000 |
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Bank of Cyprus Public Company Limited's Scope 3 Categories Breakdown
Bank of Cyprus Public Company Limited's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 4% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 65% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 79% of Scope 3 emissions.
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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.
