Hellenic Bank
Hellenic Bank, a prominent financial institution headquartered in Cyprus (CY), has been a cornerstone of the banking industry since its establishment in 1976. With a strong presence across the island and a commitment to serving both retail and corporate clients, Hellenic Bank has carved out a significant market position in the Cypriot banking sector. The bank offers a diverse range of core products and services, including personal banking, business loans, and investment solutions, distinguished by their customer-centric approach and innovative digital banking platforms. Over the years, Hellenic Bank has achieved notable milestones, including its successful transition to a publicly listed company, enhancing its reputation for stability and reliability. With a focus on sustainable growth and community support, Hellenic Bank continues to play a vital role in the economic landscape of Cyprus.
DitchCarbon Score
How does Hellenic 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 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
Hellenic Bank's score of 33 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hellenic Bank's reported carbon emissions
In 2023, Hellenic Bank reported total carbon emissions of approximately 11,300,000 kg CO2e, comprising 3,104,000 kg CO2e from Scope 1, 1,137,000 kg CO2e from Scope 2, and 7,553,000 kg CO2e from Scope 3 emissions. This data highlights the bank's ongoing commitment to understanding and managing its carbon footprint. In 2022, the bank's emissions were approximately 15,500,000 kg CO2e, with Scope 1 emissions at 6,818,000 kg CO2e, Scope 2 at 1,255,000 kg CO2e, and Scope 3 at 15,947,000 kg CO2e. The significant reduction in total emissions from 2022 to 2023 indicates a positive trend in their climate strategy. Hellenic Bank has not specified any formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's focus on reducing its carbon emissions aligns with industry standards for sustainability and climate responsibility. The bank continues to monitor its emissions, particularly in relation to electricity consumption, which is a critical factor in its overall carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 67,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,143,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 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.
Hellenic 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.
