Greece is ranked among the countries with the best performance in terms of ESG criteria, according to a new report by Piraeus Bank for the period 2020-2025.
Greece comes second after Italy, while the United Kingdom and Ireland follow in the top four with the best annual positive change in the performance of ESG criteria in the period 2020-2025 and positive momentum. However, as the researchers of the study explained to “N”, this is not reflected in absolute numbers, where Greece is ranked below the average of the 37 countries examined.
Study model
As the study’s researchers explained to “N”, given that there are no significant changes from year to year in the absolute rankings of countries, the study focuses on dynamics to identify the best performing countries.
The study includes 37 publicly available variables for countries that are assessed based on environmental and social criteria, also taking into account governance issues, using a sample of 37 OECD countries (up from 27 in the previous edition).
“Top” countries are those that have an ESG score above 50 and positive dynamics over the past five years. Countries with low ESG scores and negative dynamics are characterized as “underperformers.”
Overall, during the period 2020-2025, 27 countries improved their ESG scores, two remained unchanged, while eight experienced a decline.
