Piraeus Bank, a prominent player in the financial intermediation services sector, is headquartered in Greece (GR) and has established a significant presence across various regions. Founded in 1916, the bank has evolved through key milestones, positioning itself as a leader in providing comprehensive financial solutions.
Specialising in retail banking, corporate banking, and investment services, Piraeus Bank offers a diverse range of products, including loans, deposits, and wealth management services. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market.
With a strong market position, Piraeus Bank has garnered recognition for its robust financial performance and dedication to sustainable growth, making it a trusted partner for individuals and businesses alike in the ever-evolving financial landscape.
+35 vs industry average
Piraeus Bank’s score of 72 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Piraeus Bank's reported carbon emissions
Piraeus Bank, headquartered in GR and operating in financial intermediation services, has reported significant emissions across its operations and investments. For the reporting year 2025, the bank's total emissions were approximately 24.5 billion kg CO2e. This figure comprises about 8.6 million kg CO2e from Scope 1 emissions and approximately 75.4 million kg CO2e from Scope 2 emissions (market-based). The majority of its emissions stem from Scope 3, totalling about 24.4 billion kg CO2e, with a substantial portion of 24.36 billion kg CO2e attributed to investments.
In 2024, Piraeus Bank's total emissions were approximately 22.0 billion kg CO2e, with Scope 1 emissions at about 10.4 million kg CO2e and Scope 2 emissions at around 121.7 million kg CO2e (market-based). Scope 3 emissions for 2024 amounted to approximately 21.9 billion kg CO2e, with investments accounting for about 21.8 billion kg CO2e.
Piraeus Bank has established ambitious climate commitments. The bank aims for net-zero CO2 emissions for its portfolio by 2050. Furthermore, under the Science Based Targets initiative (SBTi), Piraeus Bank has committed to a 73% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2019 base year. In line with this, the bank achieved zero Scope 2 market-based emissions from 2020 onwards by sourcing 100% of its electricity from renewables. Additional operational targets include halving Scope 1 emissions by 2030 and achieving reductions in electricity, heating oil, and paper consumption by 2025.
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Piraeus Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Piraeus Bank
Frequently asked questions
Common questions about Piraeus Bank’s sustainability data and climate commitments
Data year: 2025
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