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 higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hellenic Bank's reported carbon emissions
In 2023, Hellenic Bank reported total carbon emissions of approximately 14,843 kg CO2e, with emissions distributed across various scopes: 1,102 kg CO2e from Scope 1, 6,188 kg CO2e from Scope 2, and 7,553 kg CO2e from Scope 3. The Scope 1 emissions include mobile combustion (176,000 kg CO2e), fugitive emissions (777,000 kg CO2e), and stationary combustion (148,000 kg CO2e). Scope 2 emissions are entirely attributed to purchased electricity, while Scope 3 emissions encompass employee commute (1,723 kg CO2e), purchased goods and services (3,104 kg CO2e), waste generated in operations (15,000 kg CO2e), and fuel and energy-related activities (1,573 kg CO2e). Hellenic Bank's 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. Despite the detailed emissions reporting, there are currently no specific reduction targets or climate pledges outlined in their initiatives. The bank's commitment to addressing climate change is evident through its comprehensive emissions tracking, although it lacks formal reduction targets as per the Science Based Targets initiative (SBTi) or other climate frameworks. This positions Hellenic Bank within the broader context of financial institutions increasingly recognising the importance of sustainability and climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
