B
Bank of Cyprus
Sustainability Report and Carbon Intensity Rankings
Is Bank of Cyprus doing their part?
Their DitchCarbon score is 56
The Bank of Cyprus has a DitchCarbon Score of 56 out of 100, indicating a moderate level of sustainability in its operations. This score reflects the bank’s carbon intensity, which is a measure of how much carbon emissions are produced relative to its activities. A higher score would suggest a lower carbon intensity and a stronger commitment to reducing its environmental impact.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Bank of Cyprus operates in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Medium
High
Very high
The Bank of Cyprus operates in a region with a high carbon intensity rating, indicating significant greenhouse gas emissions per unit of energy produced. This suggests that the bank’s sustainability efforts may face challenges due to the environmental impact of the local energy infrastructure in Cyprus.
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– Historical Scope 1, 2 and 3 emissions
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Unlock 30+ emissions data points on Bank of Cyprus
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
5.17%
...this company is doing 5.17% better in emissions than the industry average.
Founded in 1899, the Bank of Cyprus Group is a prominent figure in the finance sector, headquartered in Strovolos, Cyprus. As the leading banking and financial services group on the island, it offers a comprehensive suite of services including retail and commercial banking, investment banking, and insurance. With a strong international presence, the group operates through numerous branches across Cyprus, the United Kingdom, Romania, and has representative offices in Russia, Ukraine, and China.
emission intelligence's platform recommendations for Bank of Cyprus
Bank of Cyprus should initiate supplier engagement programs to foster emissions reductions across their value chain, potentially decreasing their Scope 3 emissions by 35%.
Bad news, Bank of Cyprus hasn't committed to SBTi goals.
Bank of Cyprus has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank has not defined or announced clear goals for reducing its greenhouse gas emissions in line with climate science.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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