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In 2023, Bank of Cyprus Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bank of Cyprus Holdings has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, the total operational greenhouse gas (GHG) emissions ofBank of Cyprus Holdings amounted to11,563metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bank of Cyprus Holdingsdecreased by 11.19%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Bank of Cyprus Holdings were 1,034 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2022), Bank of Cyprus Holdings's Scope 1 emissions decreased by 7.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Bank of Cyprus Holdings reported Scope 2 greenhouse gas (GHG) emissions of 10,529 tCOâ‚‚e without specifying the calculation method.a
Compared to the previous year(2022), Bank of Cyprus Holdings's Scope 2 emissions(Unspecified Calculation Method) fell by 11.57% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Bank of Cyprus Holdings reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Bank of Cyprus Holdings reported 3,233,117 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Bank of Cyprus Holdings includes a breakdown across 6of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Bank of Cyprus Holdings reported total Scope 3 emissions of 3,233,117 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.74%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.26%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Bank of Cyprus Holdings's Scope 3 emissions increased by 12.16%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Bank of Cyprus Holdings reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to Bank of Cyprus Holdings's Scope 3 emissions were:a
In 2023, Bank of Cyprus Holdings reported a total carbon footprint of 3,244,680 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.05% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Bank of Cyprus Holdings's total carbon footprint was Scope 3 emissions, accounting for 99.64% of the company's total carbon footprint, followed by Scope 2 emissions at 0.32%.a