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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 10,449a | 1,238.41b | 2,083.36b | |
Total Scope 2 | ||||
Market-Based | 121,721a | 0b | 0b | |
Location-Based | 84,768a | 13,629.87b | 15,026.83b | |
Total Scope 3 | 21,876,756a | 18,551,942.49b | 9,872,058.11b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.6434a | 0.433b | 0.8493b |
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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
In 2024, the total Scope 1 emissions of Piraeus Financial Holdings were 10,449 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2024, Piraeus Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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
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.
In 2024, the largest contributors to Piraeus Financial Holdings's Scope 3 emissions were:a
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
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 0.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Piraeus Financial Holdings ranked 24 out of 24 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
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