Hellenic Bank Sustainability Profile
Hellenic Bank, a prominent financial institution headquartered in Cyprus (CY), has been a cornerstone of the banking industry since its establishment in 1976. With a strong presence across the island and a commitment to serving both retail and corporate clients, Hellenic Bank has carved out a significant market position in the Cypriot banking sector. The bank offers a diverse range of core products and services, including personal banking, business loans, and investment solutions, distinguished by their customer-centric approach and innovative digital banking platforms. Over the years, Hellenic Bank has achieved notable milestones, including its successful transition to a publicly listed company, enhancing its reputation for stability and reliability. With a focus on sustainable growth and community support, Hellenic Bank continues to play a vital role in the economic landscape of Cyprus.
DitchCarbon Score
How does Hellenic Bank'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
Hellenic Bank's score of 30 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hellenic Bank's reported carbon emissions
In 2023, Hellenic Bank reported total carbon emissions of approximately 14,843 kg CO2e, with emissions distributed across Scope 1, 2, and 3. Specifically, Scope 1 emissions accounted for about 1,102 kg CO2e, while Scope 2 emissions were approximately 6,188 kg CO2e. Scope 3 emissions were significantly higher, totalling around 7,553 kg CO2e, which included employee commuting (1,723 kg CO2e) and purchased goods and services (3,104 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 15,947 kg CO2e, indicating a slight reduction in emissions year-on-year. The breakdown for 2022 showed Scope 1 emissions at approximately 1,255 kg CO2e, Scope 2 at 6,818 kg CO2e, and Scope 3 at 7,873 kg CO2e. Hellenic Bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor has it made any formal climate pledges. The emissions data is cascaded from its parent company, Hellenic Bank Public Company Limited, with additional performance data sourced from Eurobank Ergasias Services and Holdings S.A. at a cascade level of 2. Overall, Hellenic Bank is actively monitoring its carbon footprint and is positioned within the broader context of corporate responsibility and climate action, although it currently lacks defined reduction initiatives or targets.
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| 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 67,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000 |
| Scope 2 | 13,143,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000 |
| Scope 3 | - | - | - | - | 0,000 |
How Carbon Intensive is Hellenic Bank's Industry?
How Carbon Intensive is Hellenic Bank's Location?
Hellenic Bank'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.
Hellenic Bank 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.
