Piraeus Bank
Piraeus Bank, officially known as Piraeus Bank S.A., is a prominent financial institution headquartered in Athens, Greece (GR). 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 3 is lower than 89% 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
As of 2019, Piraeus Bank reported total carbon emissions of approximately 36,000,000 kg CO2e, with emissions from Scope 1 and Scope 2 combined amounting to about 37,000,000 kg CO2e. The breakdown of emissions for that year includes approximately 6,600,000 kg CO2e from Scope 1 and about 30,700,000 kg CO2e from Scope 2. Notably, the bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. In previous years, Piraeus Bank's emissions have varied significantly. For instance, in 2012, the bank's total emissions reached approximately 1,700,000,000 kg CO2e, with Scope 3 emissions alone accounting for about 1,656,537,000 kg CO2e. This indicates a substantial reliance on indirect emissions, particularly from purchased goods and services. Overall, while Piraeus Bank has made strides in tracking its carbon footprint, the absence of defined reduction targets suggests a need for enhanced climate commitments to align with industry standards and global climate goals.
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Add to project| 2012 | 2016 | 2017 | 2019 | |
|---|---|---|---|---|
| Scope 1 | 28,676,640 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 28,789,730 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,656,537,000 | 0,000,000 | 0,000,000 | - |
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 not committed to any 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.
