Eurobank Ergasias Sustainability Profile
Eurobank Ergasias, commonly known as Eurobank, is a prominent financial institution headquartered in Greece (GR). Established in 1990, the bank has grown to become a key player in the Greek banking sector, with a strong presence in Southeast Europe. Eurobank offers a comprehensive range of services, including retail banking, corporate banking, and wealth management, distinguished by its customer-centric approach and innovative digital solutions. With a commitment to sustainability and community development, Eurobank has achieved significant milestones, including the successful integration of advanced technology in its operations. The bank is recognised for its robust market position, consistently ranking among the top financial institutions in Greece. Eurobank's dedication to excellence and adaptability in a dynamic market environment underscores its reputation as a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Eurobank Ergasias'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
Eurobank Ergasias's score of 60 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eurobank Ergasias's reported carbon emissions
In 2024, Eurobank Ergasias reported total carbon emissions of approximately 89,772,000 kg CO2e. This figure includes 3,421,000 kg CO2e from Scope 1 emissions, 11,050,000 kg CO2e from Scope 2 (market-based), and a significant 75,301,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (37,570,540 kg CO2e) and capital goods (23,420,000 kg CO2e). In comparison, the bank's emissions for 2023 were about 24,718,000 kg CO2e, with Scope 1 emissions at 2,262,000 kg CO2e, Scope 2 at 18,545,000 kg CO2e, and Scope 3 at 3,912,000 kg CO2e. This indicates a substantial increase in emissions year-on-year, particularly in Scope 3. Eurobank has set ambitious reduction targets, aiming for a 13.15% reduction in Scope 1 and 2 emissions by 2024, with a specific target of achieving 17,708 kg CO2e. Furthermore, the bank is committed to a Net-Zero Action Plan aligned with the Science Based Targets initiative (SBTi), targeting Net-Zero for Scope 1 and 2 emissions by 2033 and for Scope 3 emissions by 2050. The emissions data is sourced from Eurobank Ergasias Services and Holdings S.A., with no cascaded data from a parent organization. The bank's ongoing commitment to reducing its carbon footprint reflects its dedication to sustainability and climate responsibility.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 946,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 17,120,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 36,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Eurobank Ergasias's Industry?
How Carbon Intensive is Eurobank Ergasias's Location?
Eurobank Ergasias's Scope 3 Categories Breakdown
Eurobank Ergasias's Scope 3 emissions, which increased significantly last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 50% of Scope 3 emissions.
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Eurobank Ergasias'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.
Eurobank Ergasias 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.
