Hellenic Bank

Hellenic Bank's reported carbon emissions

Hellenic Bank, headquartered in Cyprus and operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions across various scopes. For the year 2023, Hellenic Bank disclosed emissions data for Scope 1, Scope 2, and Scope 3, totalling approximately 14,843 kg CO2e. This breakdown includes about 1,102 kg CO2e for Scope 1, approximately 6,188 kg CO2e for Scope 2, and roughly 7,553 kg CO2e for Scope 3. The reporting for 2023 also noted that carbon emissions per employee were approximately 2,130 kg CO2e. In 2022, Hellenic Bank reported Scope 1 emissions of about 1,101,000 kg CO2e and Scope 2 emissions of approximately 6,291,000 kg CO2e. Scope 3 data was not disclosed for this year. The previous year, 2021, saw Hellenic Bank report Scope 1 emissions at approximately 1,304,000 kg CO2e and Scope 2 emissions at around 7,070,000 kg CO2e. Again, Scope 3 emissions were not disclosed for 2021. For 2019, Hellenic Bank reported Scope 1 emissions of approximately 11,000 kg CO2e and Scope 2 emissions of about 13,735,000 kg CO2e. In 2018, Scope 1 emissions were approximately 67,000 kg CO2e, with Scope 2 emissions at about 13,143,000 kg CO2e. Hellenic Bank's emissions data is cascaded from Hellenic Bank Public Company Limited. Furthermore, their CDP reporting is inherited from Eurobank Ergasias Services and Holdings S.A., at cascade level 2. While specific reduction targets and climate pledges are not detailed in the provided information, the disclosure of emissions data across multiple scopes suggests an increasing focus on understanding and managing its environmental impact. The financial sector, in general, is increasingly addressing its role in climate change mitigation through various initiatives and commitments.