Piraeus Financial Holdings SA

Common Name
Piraeus Financial Holdings
Country
Greece
Sector
Financial Services
Industry
Banks - Regional
Employees
7,772
Ticker
TPEIR
Exchange
ATHENS EXCHANGE S.A. CASH MARKET
Description
Piraeus Financial Holdings S.A. is a financial services group based in Greece, primarily involved in banking and related financial activities. It serves as a major banking institution within Greece an...

Piraeus Financial Holdings's GHG Emissions Data Preview

In 2023, Piraeus Financial 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).

Piraeus Financial 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Piraeus Financial Holdings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Piraeus Financial Holdings amounted to 14,868.28 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Piraeus Financial Holdings decreased by 13.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Piraeus Financial Holdings's Scope 1 Emissions Over Time

2022202305501.1 k1.65 k2.2 ktCO2e-41%
  • Total Scope 1
  • Year-over-Year Change

What are Piraeus Financial Holdings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Piraeus Financial Holdings were 1,238.41 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Piraeus Financial Holdings's Scope 1 emissions decreased by 40.56%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Piraeus Financial Holdings's Scope 2 emissions?

In 2023, Piraeus Financial Holdings reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method, and 13,629.87 tCOâ‚‚e using the location-based method.

Has Piraeus Financial Holdings reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Piraeus Financial Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Piraeus Financial Holdings 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Piraeus Financial Holdings use for Scope 2 reporting?

In 2023, Piraeus Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.

Piraeus Financial Holdings's Scope 2 Emissions Over Time

2022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Piraeus Financial Holdings's Value Chain Emissions

In 2023, Piraeus Financial Holdings reported 18,551,942.49 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Piraeus Financial Holdings includes a breakdown across 6 of 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.

Piraeus Financial Holdings's Scope 3 Emissions Over Time

2022202305 M10 M15 M20 MtCO2e+88%
  • Total Scope 3
  • Year-over-Year Change

What are Piraeus Financial Holdings's Scope 3 emissions?

In 2023, Piraeus Financial Holdings reported total Scope 3 emissions of 18,551,942.49 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.89% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Piraeus Financial Holdings's Scope 3 emissions increased by 87.92%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Piraeus Financial Holdings disclose?

In 2023, Piraeus Financial Holdings reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Piraeus Financial Holdings's Scope 3 emissions?

In 2023, the largest contributors to Piraeus Financial Holdings's Scope 3 emissions were:

  • Investments (Cat. 15): 18,532,127.85 tCOâ‚‚e (99.89%)
  • Purchased Goods and Services (Cat. 1): 10,629.98 tCOâ‚‚e (0.06%)
  • Business Travel (Cat. 6): 4,546.35 tCOâ‚‚e (0.02%)

Piraeus Financial Holdings's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into Piraeus Financial Holdings's Total Carbon Footprint

In 2023, Piraeus Financial Holdings reported a total carbon footprint of 18,566,810.77 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 87.75% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Piraeus Financial Holdings's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.07%.