Energy consumption

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.

Electricity consumption

The energy consumed in the Group’s operations primarily comes from electricity, natural gas, district heating, heating fuel and employee business travel. Specifically, Piraeus Bank Group uses electricity across its buildings for lighting, powering electrical and electronic devices, and air conditioning, and in many cases, it is also used for heating. 
The assessment of operational environmental aspects indicates that electricity is the main stream of Piraeus’ environmental impacts. For this reason, Piraeus designs and implements various environmental projects, aimed at reducing electricity consumption and improving its carbon footprint from its operational activities. 

Piraeus Group - Electricity consumption

For the year 2025
Energy consumption concerns Piraeus Group.

296.116

Electricity consumption (GWh)

Guarantees of Origin

Purchase of Guarantees of Origin (GOs) from its electricity providers, resulting in a reduction of Scope 2 market-based emissions by 38%.

Piraeus Bank - Electricity consumption

For the year 2025
Energy consumption concerns Piraeus Bank.
1/3

32.67

Electricity Consumption 100% sourced from RES (GWh)

98.03

Electricity Consumption per surface (KWh/m²)

Piraeus Bank - Electricity consumption

For the year 2025
Energy consumption concerns Piraeus Bank.
1/4

LEED Gold certification

for Hub 26 building in Thessaloniki. This distinction marks the launch of a broader certification program that will cover the administration buildings in Attica and Thessaloniki over the coming years

Low carbon branches

Energy efficiency interventions in 9 branches to achieve a 97% low-carbon network (=energy consumption up to 150kWh/m2 per annum) by 2030

Environmental performance

For Piraeus Group

  • Piraeus Group purchased Guarantees of Origin (GOs) from its electricity providers leading to reduced Scope 2 emissions as per market-based methodology by 38%. Specifically, a recall was made for 51.717 GWh, confirming that for the specific amount of electricity consumed, the same amount of energy was generated from RES.

For Piraeus Bank

  • 36% reduction of total electricity consumption versus 2019

Learn about the other categories

Total gas emissons

Resources consumption

Renewable energy generation

Recycling

Transportation

Green Procurement