Piraeus Financial Holdings SA
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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  b | 0000000 |
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bVerified Sources Behind Piraeus Financial Holdings’s Greenhouse Gas (GHG) Emissions Data
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Insights into Piraeus Financial Holdings's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Piraeus Financial Holdings amounted to 95,217 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 2023, the total operational greenhouse gas (GHG) emissions of Piraeus Financial Holdings increased 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
- 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 CO₂ equivalent (tCO₂e).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 tCO₂e using the market-based method and 84,768 tCO₂e 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
- 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 CO₂ equivalent (tCO₂e) 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 7 of 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
- 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 CO₂ equivalent (tCO₂e).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 emissions have 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 tCO₂e (99.74%)
- Purchased Goods and Services (Cat. 1): 35,615 tCO₂e (0.16%)
- Fuel- and Energy-Related Services (Cat. 3): 10,165 tCO₂e (0.05%)
Piraeus Financial Holdings's Scope 3 Emissions by Categories
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 tCO₂e and total revenues of USD 2,868 millions. This translates into an emissions intensity of 3.64 tCO₂e per millions USD.a
Piraeus Financial Holdings's Scope 1 Emissions Intensity Compared to Peers
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 tCO₂e per millions USD. Compared to the peer group median of 1.11, 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 tCO₂e 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 CO₂ equivalent (tCO₂e) 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