Hellenic Bank
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 32 is higher than 55% 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, headquartered in Cyprus (CY), reported total carbon emissions of approximately 14,843 kg CO2e. This includes Scope 1 emissions of about 1,102 kg CO2e, primarily from mobile combustion (176,000 kg CO2e), fugitive emissions (777,000 kg CO2e), and stationary combustion (148,000 kg CO2e). Scope 2 emissions, derived from purchased electricity, accounted for approximately 6,188 kg CO2e, while Scope 3 emissions totalled about 7,553 kg CO2e, with significant contributions from employee commuting (1,723 kg CO2e) and purchased goods and services (3,104 kg CO2e). Hellenic Bank has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by more than 30% by 2030 through energy optimisation and innovative GHG reduction technologies. Additionally, the bank is working towards becoming carbon-neutral by 2050, aligning with long-term sustainability goals. The emissions data for Hellenic Bank is cascaded from its parent company, Hellenic Bank Public Company Limited, which provides a comprehensive view of the bank's carbon footprint and climate initiatives.
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| 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 67,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
| Scope 2 | 13,143,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hellenic Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
