In 2025, Piraeus Bank 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).
Piraeus Bank has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 8,564a | 10,449a | N/A | |
Total Scope 2 | ||||
Market-Based | 75,413a | 121,721a | N/A | |
Location-Based | 72,458a | 84,768a | N/A | |
Total Scope 3 | 24,411,544a | 21,876,756a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.6989a | 3.6421a | N/A |
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In 2025, the total operational greenhouse gas (GHG) emissions of Piraeus Bank amounted to 81,022 metric 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 2024, the total operational greenhouse gas (GHG) emissions of Piraeus Bank decreased by 14.91%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Piraeus Bank were 8,564 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Piraeus Bank's Scope 1 emissions have increased by 190.65%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), Piraeus Bank's Scope 1 emissions decreased by 18.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Piraeus Bank reported Scope 2 greenhouse gas (GHG) emissions of 75,413 tCO₂e using the market-based method and 72,458 tCO₂e using the location-based method.a
Compared to the previous year (2024), Piraeus Bank's Scope 2 emissions (Location-Based) fell by 14.52% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, Piraeus Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Piraeus Bank reported 24,411,544 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of Piraeus Bank includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Piraeus Bank reported total Scope 3 emissions of 24,411,544 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.21% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.79% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2024), Piraeus Bank's Scope 3 emissions increased by 11.59%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, Piraeus Bank reported emissions for 7 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 2025, the largest contributors to Piraeus Bank's Scope 3 emissions were:a
In 2025, Piraeus Bank reported Scope 1 greenhouse gas (GHG) emissions of 8,564 tCO₂e and total revenues of USD 3,173 millions. This translates into an emissions intensity of 2.7 tCO₂e per millions USD.a
In 2025, Piraeus Bank reported a Scope 1 emissions intensity of 2.7 tCO₂e per millions USD. Compared to the peer group median of 0.94, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2025, Piraeus Bank ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Piraeus Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2025, Piraeus Bank reported a total carbon footprint of 24,492,566 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.47% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Piraeus Bank's total carbon footprint was Scope 3 emissions, accounting for 99.67% of the company's total carbon footprint, followed by Scope 2 emissions at 0.3%.a