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Piraeus Financial Holdings SA

Common Name
Piraeus Financial Holdings
Country
Greece
Sector
Financial Services
Industry
Banks - Regional
Employees
7,778
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 2024, 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 7 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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0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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b
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b
0000000
Total Scope 3
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Piraeus Financial Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Piraeus Financial Holdings’s data sources below and access millions more through our Disclosure Search.

a. Piraeus Financial Holdings's Financial Report 2024
a. Piraeus Financial Holdings's Financial Report 2024
b. Piraeus Financial Holdings's Integrated Report 2023
b. Piraeus Financial Holdings's Integrated Report 2023

Insights into Piraeus Financial Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofPiraeus Financial Holdings amounted to95,217metric 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 2023, the total operational greenhouse gas (GHG) emissions of Piraeus Financial Holdingsincreased by 540.4%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Piraeus Financial Holdings's Scope 1 Emissions Over Time

20222023202403 k6 k9 k12 ktCO2e-41%+744%
  • Total Scope 1
  • Year-over-Year Change

What are Piraeus Financial Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Piraeus Financial Holdings were 10,449 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Piraeus Financial Holdings reduced its Scope 1 emissions over time?

Since 2022, Piraeus Financial Holdings's Scope 1 emissions have increased by 401.55%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Piraeus Financial Holdings's Scope 1 emissions increased by 743.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Piraeus Financial Holdings's Scope 2 emissions?

In 2024, Piraeus Financial Holdings reported Scope 2 greenhouse gas (GHG) emissions of 121,721 tCOâ‚‚e using the market-based method and 84,768 tCOâ‚‚e using the location-based method.a

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

Since 2022, Piraeus Financial Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 464.11%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Piraeus Financial Holdings's Scope 2 emissions(Location-Based) rose by 521.93% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

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

In 2024, Piraeus Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a

Piraeus Financial Holdings's Scope 2 Emissions Over Time

202220232024035 k70 k105 k140 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Piraeus Financial Holdings's Value Chain Emissions

In 2024, Piraeus Financial Holdings reported 21,876,756 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 2024 disclosure of Piraeus Financial Holdings includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Piraeus Financial Holdings's Scope 3 Emissions Over Time

20222023202405.5 M11 M16.5 M22 MtCO2e+88%+18%
  • Total Scope 3
  • Year-over-Year Change

What are Piraeus Financial Holdings's Scope 3 emissions?

In 2024, Piraeus Financial Holdings reported total Scope 3 emissions of 21,876,756 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.26%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.74%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Piraeus Financial Holdings reduced its Scope 3 emissions over time?

Since 2022, Piraeus Financial Holdings's Scope 3 emissionshave increased by 121.6%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Piraeus Financial Holdings's Scope 3 emissions increased by 17.92%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

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

In 2024, Piraeus Financial Holdings 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.

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

In 2024, the largest contributors to Piraeus Financial Holdings's Scope 3 emissions were:a

  • Investments (Cat. 15): 21,819,814 tCOâ‚‚e(99.74%)
  • Purchased Goods and Services (Cat. 1): 35,615 tCOâ‚‚e(0.16%)
  • Fuel- and Energy-Related Services (Cat. 3): 10,165 tCOâ‚‚e(0.05%)

Piraeus Financial Holdings's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.7%)

Insights into Piraeus Financial Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Piraeus Financial Holdings reported Scope 1 greenhouse gas (GHG) emissions of 10,449 tCOâ‚‚e and total revenues of USD 2,868 millions. This translates into an emissions intensity of 3.64 tCOâ‚‚e per millions USD.a

Piraeus Financial Holdings's Scope 1 Emissions Intensity Compared to Peers

502001,00010,00050,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)O7BEurobankYear: 2024Scope 1: 1,435 tCO2eRevenue: $M 3,352Scope 1 Intensity: 0.43 tCO2e/$MNational Bank of GreeceYear: 2024Scope 1: 1,911 tCO2eRevenue: $M 2,993Scope 1 Intensity: 0.64 tCO2e/$MOOOptima BankYear: 2024Scope 1: 128 tCO2eRevenue: $M 265Scope 1 Intensity: 0.48 tCO2e/$MSCSBYear: 2024Scope 1: 2,332 tCO2eRevenue: $M 1,561Scope 1 Intensity: 1.49 tCO2e/$MCentral Bank of IndiaYear: 2025Scope 1: 7,084 tCO2eRevenue: $M 2,325Scope 1 Intensity: 3.05 tCO2e/$MMalayan BankingYear: 2024Scope 1: 11,761 tCO2eRevenue: $M 6,268Scope 1 Intensity: 1.88 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$MAU Small Finance BankYear: 2025Scope 1: 317 tCO2eRevenue: $M 1,234Scope 1 Intensity: 0.26 tCO2e/$MQatar Islamic BankYear: 2024Scope 1: 87 tCO2eRevenue: $M 1,815Scope 1 Intensity: 0.05 tCO2e/$MHachijuni Nagano BankYear: 2024Scope 1: 3,380 tCO2eRevenue: $M 1,109Scope 1 Intensity: 3.05 tCO2e/$MAIB GroupYear: 2024Scope 1: 2,875 tCO2eRevenue: $M 5,115Scope 1 Intensity: 0.56 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$M7777 BankYear: 2024Scope 1: 1,150 tCO2eRevenue: $M 942Scope 1 Intensity: 1.22 tCO2e/$MPublic BankYear: 2024Scope 1: 3,964 tCO2eRevenue: $M 3,135Scope 1 Intensity: 1.26 tCO2e/$MBank of ChangshaYear: 2024Scope 1: 876 tCO2eRevenue: $M 3,553Scope 1 Intensity: 0.25 tCO2e/$MHokuhoku Financial GroupYear: 2023Scope 1: 3,689 tCO2eRevenue: $M 1,229Scope 1 Intensity: 3.00 tCO2e/$MFlagstar BankYear: 2024Scope 1: 3,767 tCO2eRevenue: $M 2,584Scope 1 Intensity: 1.46 tCO2e/$MBank of Ireland GroupYear: 2024Scope 1: 3,537 tCO2eRevenue: $M 4,643Scope 1 Intensity: 0.76 tCO2e/$MHancock WhitneyYear: 2023Scope 1: 1,338 tCO2eRevenue: $M 1,367Scope 1 Intensity: 0.98 tCO2e/$MUCO BankYear: 2025Scope 1: 890 tCO2eRevenue: $M 1,643Scope 1 Intensity: 0.54 tCO2e/$MBanco BPMYear: 2024Scope 1: 16,813 tCO2eRevenue: $M 5,771Scope 1 Intensity: 2.91 tCO2e/$MTaiwan Business BankYear: 2023Scope 1: 1,155 tCO2eRevenue: $M 1,039Scope 1 Intensity: 1.11 tCO2e/$MBBBank of QingdaoYear: 2024Scope 1: 158 tCO2eRevenue: $M 1,680Scope 1 Intensity: 0.09 tCO2e/$MKasikornbankYear: 2024Scope 1: 15,062 tCO2eRevenue: $M 6,092Scope 1 Intensity: 2.47 tCO2e/$MGunma BankYear: 2024Scope 1: 1,402 tCO2eRevenue: $M 1,000Scope 1 Intensity: 1.40 tCO2e/$MPiraeus Financial HoldingsYear: 2024Scope 1: 10,449 tCO2eRevenue: $M 2,868Scope 1 Intensity: 3.64 tCO2e/$M

How does Piraeus Financial Holdings's GHG emissions intensity compare to its peers?

In 2024, Piraeus Financial Holdings reported a Scope 1 emissions intensity of 3.64 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.22, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Piraeus Financial Holdings rank on GHG emissions intensity within its industry?

In 2024, Piraeus Financial Holdings ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Piraeus Financial Holdings among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Piraeus Financial Holdings's Total Carbon Footprint

In 2024, Piraeus Financial Holdings reported a total carbon footprint of 21,971,973 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.34% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Piraeus Financial Holdings's total carbon footprint was Scope 3 emissions, accounting for 99.57% of the company's total carbon footprint, followed by Scope 2 emissions at 0.39%.a

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