- Data limitations and IT infrastructure challenges related to environmental risk data collection.
- Challenges in mobilising transition finance, including concerns about greenwashing, lack of market standardisation, and risk of carbon lock-in.
- Challenges in influencing farmers to adopt new ways of farming that produce lower emissions.
- Data availability and accuracy for ESG reporting.
Piraeus Financial Holdings Société Anonyme
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 2.1K tCO2e; Scope 2: 0 tCO2e (market-based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
100%
of total energy
Waste
830 tons
2023
Energy Use
36.6 GWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.1K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0 tCO2e (market-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 7.9M tCO2e/year (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 100% of electricity consumed in Piraeus Bank buildings sourced from Renewable Energy Sources (RES), leading to zero Scope 2 emissions (market-based) from 2020 onwards.
- 73% reduction of Scope 1 and Scope 2 emissions by 2030 (2019 reference year) target set under SBTi.
- First impact assessment of Piraeus’ business portfolio on biodiversity completed.
- 830 tonnes of solid waste recycled.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase data accuracy for the calculation of indirect GHG emissions (Scope 3 – Category 15) from Piraeus’ portfolio.
- Cooperation with selected customers to formulate their emission reduction plans.
- Improvements to the Carbon Footprint Calculation Application (EcoTracker).
📅 Medium-term
- Net-zero CO2 emissions for the Bank’s portfolio by 2050 and achievement of SBTi targets by 2030.
- 50% reduction in total electricity consumption by 2030.
- 50% reduction in total paper consumption by 2030.
- Increase sustainable financing from €2.7 billion to over €10 billion by 2030.
- Boost green funding from €0.5 billion to more than €5 billion by 2030.
🔭 Long-term
- Net-zero CO2 emissions for the Bank’s portfolio by 2050.
🌱 ESG Focus Areas
Climate ChangeBiodiversityEnergy TransitionSocial InclusionGender EqualityResponsible BankingCorporate Governance