Total gas emissions
Piraeus Group monitors and manages the impacts it has on the environment and calculates its annual “carbon footprint”. It sets targets to reduce emissions from its operations, lending, and investments.
Total gas emissions
For the calculation of the Bank’s operational footprint and of Piraeus’s financing and investment activities the following emissions have been taken into account:
- Consumption of heating oil, fuel consumption by company cars and total of refrigerants added to air-conditioning, cooling units, and heat pumps. (Scope 1)
- Consumption of electricity in all buildings and branches. (Scope 2)
- Purchased goods and services, fuel consumption, upstream transportation and distribution waste generated in operations, business travel, employee commuting. (Scope 3, items 1-14)
- Equity investments (listed equity and unlisted equity), mortgages, commercial real estate (loans and investments), corporate loans, sovereign debt (sovereign bonds and sovereign loans), motor vehicle loans and corporate bonds (Scope 3, item 15)
Total GHG emissions
GHG emissions per employee
Environmental performance
- Annual reduction of Scope 1 & Scope 2 (location-based) emissions by 41% and 9% respectively
- 100% of the Banks's electricity consumption derived from RES through purchases of Guarantees of Origin, leading to Net-zero Scope 2 emissions (market-based)