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 unique blend of products tailored to meet the diverse needs of its clientele. Its commitment to innovation and customer service has earned it a strong market position, making it a trusted partner for individuals and businesses alike.
With a focus on sustainable growth and digital transformation, Piraeus Bank continues to enhance its service offerings, ensuring it remains at the forefront of the financial services industry in Greece and beyond.
+15 vs industry average
Piraeus Bank’s score of 50 is higher than 66% 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 increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
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, aims for net-zero emissions by 2030. In 2024, Piraeus Bank reported total emissions of approximately 113.7 billion kg CO2e, comprising Scope 1 emissions of about 10.4 million kg CO2e, Scope 2 emissions of approximately 121.7 million kg CO2e (market-based), and Scope 3 emissions of around 56.9 million kg CO2e. Notably, its Scope 3 investment-related emissions were a significant 34.8 billion kg CO2e for the same year. Historical emissions data shows: * In 2019, total emissions were approximately 86.3 billion kg CO2e, with Scope 1 at 1.2 million kg CO2e, Scope 2 (location-based) at 30.1 million kg CO2e, and Scope 3 at 777.1 million kg CO2e, including 732.2 million kg CO2e from investments. * In 2018, Scope 1 emissions were approximately 2.4 million kg CO2e, Scope 2 (location-based) around 30.8 million kg CO2e, and Scope 3 emissions included 10.7 million kg CO2e from business travel. * In 2017, the bank reported Scope 1 emissions of about 3.0 million kg CO2e, Scope 2 at 34.7 million kg CO2e, and Scope 3 at 5.0 million kg CO2e, with a notable 1.1 million kg CO2e from purchased goods and services and 0.5 million kg CO2e from investments. * For 2016, Scope 1 emissions were approximately 4.4 million kg CO2e, Scope 2 at 37.1 million kg CO2e, and Scope 3 at 3.1 million kg CO2e. * In 2015, total emissions were around 59.8 million kg CO2e, with Scope 1 at 3.6 million kg CO2e, Scope 2 at 52.6 million kg CO2e, and Scope 3 at 3.6 million kg CO2e. * The earliest reported data from 2012 shows Scope 1 emissions of approximately 28.7 million kg CO2e, Scope 2 at 28.8 million kg CO2e, and Scope 3 at 1.7 billion kg CO2e, with purchased goods and services accounting for a substantial 7.6 billion kg CO2e. Piraeus Bank has previously set targets for emission reductions. A five-year target with a 2014 base year aimed for a 30% reduction in total greenhouse gas emissions in absolute figures by 2019, covering Scope 1 and Scope 2 emissions. The bank's emissions data is cascaded from Piraeus Bank S.A. and Piraeus Financial Holdings S.A.
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Piraeus Bank’s Climate Goals (2030 & 2050)
4 goals2019
30% reduction in Scope 2
30% reduction of total greenhouse gas emissions (in absolute figures) (five-year target with base year 2014).
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.
See all 4 climate goals
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Piraeus Financial Holdings S.A.
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from Piraeus Financial Holdings S.A.
RE 100
Climate Action 100
Emissions comparison with industry peers
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Piraeus Bank
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