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 55 is higher than 76% 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, with Scope 1 emissions at about 10,449,000 kg CO2e, Scope 2 emissions at approximately 121,721,000 kg CO2e (market-based), and a significant Scope 3 total of around 21,876,756,000 kg CO2e. In 2023, the bank's total emissions were about 2,025,302,000 kg CO2e, with Scope 1 emissions of approximately 665,552,000 kg CO2e, Scope 2 emissions at about 80,199,000 kg CO2e, and Scope 3 emissions totalling around 1,281,937,000 kg CO2e. Piraeus Bank has set ambitious climate commitments, aiming to steer its lending portfolio towards net zero by 2050 or sooner, particularly focusing on carbon-intensive sectors. This commitment was initiated in 2023. Additionally, the bank has established near-term targets aligned with a 1.5°C pathway, covering 9% of its total investment and lending activities as of 2019. These targets are designed to ensure that emissions from the bank's operations (Scopes 1 and 2) are consistent with the reductions necessary to limit global warming. The emissions data and targets are sourced from Piraeus Financial Holdings S.A., the parent company, and reflect the bank's ongoing efforts to address climate change and reduce its carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 2,819,760 | 0,000,000 | 0,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 368,636,000 | 00,000,000 | 00,000,000 | 0,000,000,000 | 00,000,000,000 |
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.
