Piraeus Bank
Embedding nature dependencies, impacts and risks into decision-making
CHALLENGE
Piraeus Financial Holdings needed to conduct a robust, scalable LEAP analysis to understand portfolio impacts, risks, and opportunities in line with TNFD, and communicate the business value of nature to internal and external stakeholders. They also required support to produce a TNFD-aligned report capturing all nature-related work to inform their strategic integration of nature.
SOLUTION
Piraeus Financial Holdings partnered with Natcap’s science and advisory teams to move their nature strategy and assessment approach forward.
Our approach included:
- Granular LEAP assessment: Conducted location-specific assessments across key crops and livestock to give Piraeus a clear, data-driven view of nature impacts, dependencies and risks in its agriculture portfolio.
- Scenario analysis: Evaluated 13 physical and transition risks across short-, medium- and long-term horizons, co-developing two tailored scenarios with the working group.
- Upskilling: Delivered workshops introducing nature concepts across the organisation and deep-diving into scenario design and target-setting.
“Working with Natcap helped us better understand the ramifications of nature risks in our business portfolios. Building upon this collaboration we feel more confident as we continue our nature positive journey”.
Dimitrios DimopoulosHead of ESG, Piraeus Financial Holdings
Impact
As a result of of this work, Piraeus has:
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Compiled their first TNFD-aligned nature report.
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Built internal skills and confidence in conducting LEAP-aligned nature assessments.
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Identified key areas for deeper analysis, engagement and transition finance opportunities.
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Strengthened disclosures for CSRD (ESRS E4).
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Gained a clear view of nature impacts and high-risk counterparties across their Agriculture portfolio.
Get in Touch
Contact us today to learn how we can help accelerate your environmental strategy.
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