Piraeus Bank
Piraeus Bank, officially known as Piraeus Bank S.A., is a prominent financial institution headquartered in Athens, Greece. Established in 1916, the bank has evolved into a key player in the Greek banking sector, with a strong presence across Southeast Europe. Piraeus Bank primarily operates in retail and corporate banking, offering a diverse range of services including loans, deposits, and investment products tailored to meet the needs of both individual and business clients. With a commitment to innovation, Piraeus Bank has introduced unique digital banking solutions that enhance customer experience. The bank has achieved significant milestones, including its successful restructuring and expansion into international markets. Recognised for its robust market position, Piraeus Bank continues to be a trusted partner for financial services, contributing to the economic development of the regions it serves.
DitchCarbon Score
How does Piraeus 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
Piraeus Bank's score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Piraeus Bank's reported carbon emissions
In 2024, Piraeus Bank reported total carbon emissions of approximately 22,008,926,000 kg CO2e. This figure includes Scope 1 emissions of about 10,449,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 121,721,000 kg CO2e. The bank's Scope 3 emissions were significantly higher, totalling around 21,876,756,000 kg CO2e, with the majority stemming from investments (approximately 21,819,814,000 kg CO2e). In 2023, Piraeus Bank's global emissions were reported at about 40,829,940 kg CO2e, with Scope 1 emissions of approximately 1,238,400 kg CO2e and Scope 2 emissions of about 13,629,870 kg CO2e. The Scope 3 emissions for that year reached around 25,961,660 kg CO2e. Piraeus Bank has set ambitious climate commitments, aiming for its lending portfolio to achieve net zero by 2050 or sooner, focusing on carbon-intensive sectors. This commitment was initiated in 2023 and is part of a broader strategy to align lending with climate and nature solutions. Additionally, the bank has established near-term targets consistent with a 1.5°C pathway, covering 9% of its total investment and lending activities as of 2019. The bank's emissions data is sourced directly from Piraeus Financial Holdings S.A., with no data cascaded from a parent or related organization.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,819,760 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 368,636,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Piraeus Bank is participating in some 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.
