![Piraeus Bank ESG Analysis – Where Greece Ranks](https://www.ot.gr/wp-content/uploads/2024/08/ESG.png)
According to a Piraeus Bank analysis entitled “State Evaluation Based on ESG Characteristics”, Greek ESG scores along with Belgium, Italy, and Cyprus stood out as “top performers” between the 4 years 2020-2024.
The ESG score ranks companies’ practices and performance associated with environmental, social, and governance factors to assess their showing on various aspects such as sustainability and ethics.
The Piraeus Bank report was based on a model using 37 publicly available variables for countries evaluated according to environmental and social criteria, while also considering governance issues, using a sample of 27 OECD countries.
While Greek ESG scores improved between 2020-2024 was noteworthy, the country remained consistently below the Southern European average. Despite this, Greece’s dynamics exceeded the Southern European average, converging to the rest of the region in recent years.
The Piraeus analysis zeroes in on the dynamics (i.e., changes of Δ variable compared to the previous year) to identify the best-performing countries. Top-tier countries are considered those with a score above 50 points and positive dynamics over the past four years, while low-ESG countries exhibit negative dynamics falling under the “low performers.”
The countries of central Europe rank consistently high in the state evaluation model based on ESG characteristics, maintaining their advantage in absolute scores, while emerging markets lag.
According to Piraeus Bank’s model, the five countries with the highest scores—Denmark, Luxembourg, Austria, Germany, and Singapore—maintained their leadership positions in the overall rankings, with only minor changes among them.
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Air Traffic in Greece Set All-Time Record on August 10](https://www.ot.gr/wp-content/uploads/2024/08/airplane-1-scaled-1-2048x1365-1-600x400.jpg)
Air Traffic in Greece Set All-Time Record on August 10
HCAA Director George Saounatsos lauded the HCCA staff calling them the “main driving force behind the rising aviation metrics” in the rise in Air traffic in Greece
![Greek Farmers Battered by Climate Change Face Uncertain Future](https://www.ot.gr/wp-content/uploads/2023/08/olive-oil-600x391.jpg)
Greek Farmers Battered by Climate Change Face Uncertain Future
Greece's most iconic agricultural products are already impacted by climate change and the future of Greek farmers is getting increasingly uncertain
![Many Greek Islands’ Occupancy Rates Near 100% in August, Car-Accessible Destinations Struggle](https://www.ot.gr/wp-content/uploads/2024/05/LIPSI-BEACH-1-600x375.jpg)
Many Greek Islands’ Occupancy Rates Near 100% in August, Car-Accessible Destinations Struggle
Beyond the traditional 'stars' of Greek tourism, other Greek islands' occupancy rates near 100% - Surprisingly, destinations accessible by car underperformed
![Tourism: 2.5mln Tourists Visit Meteora Every Year](https://www.ot.gr/wp-content/uploads/2023/04/meteora-600x400.jpeg)
Tourism: 2.5mln Tourists Visit Meteora Every Year
It it the second most popular travel destination in mainland Greece for visitors from around the world
![Greece Records 9.8% Drop in Airbnb Rates in July](https://www.ot.gr/wp-content/uploads/2023/11/airbn-600x400.jpg)
Greece Records 9.8% Drop in Airbnb Rates in July
An Airbnb report highlights that in countries such as Norway, Sweden, and Greece, the annual decline in ADR coincides with a consistent drop in occupancy rates
![Eurostat: How Many Firefighters does Greece Have?](https://www.ot.gr/wp-content/uploads/2024/08/2024-08-12T093037Z_560845230_RC27E9AJQVH9_RTRMADP_5_EUROPE-WEATHER-GREECE-WILDFIRE-1024x682-1-1-600x400.jpg)
Eurostat: How Many Firefighters does Greece Have?
Greece is among the EU member-states that spent the most on fire protection services in 2023
![ELSTAT: Retail Trade Surges 4.3% in Q2 2024](https://www.ot.gr/wp-content/uploads/2024/07/polyteli-600x400.jpg)
ELSTAT: Retail Trade Surges 4.3% in Q2 2024
This is an increase of 4.3% compared with the second quarter of 2023 when the respective turnover was 17.37 billion euros
![Greek Tax Authority to Combat Tax Evasion with New Tools in Sept](https://www.ot.gr/wp-content/uploads/2024/01/aade-g-600x473.jpg)
Greek Tax Authority to Combat Tax Evasion with New Tools in Sept
Greece's tax authority AADE will be focusing on private vehicles, professionals, and businesses as it steps-up its attempts to combat tax evasion
![Greek Tourism – Over Half a Million Stayed in Greece in June](https://www.ot.gr/wp-content/uploads/2024/07/greece-tourism-600x400.jpg)
Greek Tourism – Over Half a Million Stayed in Greece in June
ELSTAT released provisional monthly statistics that revealed the upward trend in various sectors linked to Greek tourism
![Greece’s Attica Region 7th Largest Shipping Center in World](https://www.ot.gr/wp-content/uploads/2024/07/olp1-600x384.jpg)
Greece’s Attica Region 7th Largest Shipping Center in World
The annual report, known as the Xinhua-Baltic International Shipping Centre Development Index (ISCDI), ranks shipping centers throughout the world, based on size, and shows the Attica region nudging up by one place in 2024