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 30 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Piraeus Bank's reported carbon emissions
In 2023, Piraeus Bank reported total carbon emissions of approximately 40,829,940 kg CO2e. This figure includes 1,238,400 kg CO2e from Scope 1 emissions, 13,629,870 kg CO2e from Scope 2 emissions, and 25,961,660 kg CO2e from Scope 3 emissions. The Scope 3 emissions encompass various categories, including business travel (131,640 kg CO2e), employee commute (4,546,350 kg CO2e), and purchased goods and services (10,629,980 kg CO2e). Over the years, Piraeus Bank has made significant strides in reducing its carbon footprint. From 2019 to 2023, the bank's total emissions decreased from approximately 40,000,000 kg CO2e to about 40,829,940 kg CO2e, indicating a commitment to sustainability despite fluctuations in operational activities. Piraeus Bank has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030. These targets cover 9% of its total investment and lending activities as of 2019, focusing on emissions from company operations (Scopes 1 and 2). However, the bank has not committed to a net-zero target as of now. Overall, Piraeus Bank's climate commitments reflect a proactive approach to managing its carbon emissions while contributing to broader sustainability goals within the financial sector.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 41,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 35,000,000 | - | - | 00,000,000 | 00,000,000 |
| Scope 3 | 400,000,000 | 000,000,000 | 000,000,000 | 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 committed to some reduction initiatives 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.
