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 40 is higher than 91% 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 2023, Piraeus Bank reported total carbon emissions of approximately 2,025,302,000 kg CO2e. This figure includes Scope 1 emissions of about 665,552,000 kg CO2e, Scope 2 emissions of approximately 80,199,000 kg CO2e, and significant Scope 3 emissions totalling around 1,281,937,000 kg CO2e. The Scope 3 emissions breakdown reveals contributions from business travel (about 131,640 kg CO2e), employee commuting (approximately 4,546,350 kg CO2e), and purchased goods and services (around 10,629,980 kg CO2e). Piraeus Bank has set near-term targets aligned with a 1.5°C pathway, aiming to cover 9% of its total investment and lending activities as of 2019. These targets are designed to address greenhouse gas emissions from the bank's operations (Scopes 1 and 2) and are consistent with the reductions necessary to limit global warming. 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 footprint while contributing to broader sustainability goals within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 41,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
| Scope 2 | 35,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 400,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
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.
