Carbon Tracker by HDB: The new free tool of HDB for calculating CO₂ emissions in SMEs

The Hellenic Development Bank (HDB) introduces Carbon Tracker by HDB—a free, innovative digital tool specifically designed to support Greek small and medium-sized enterprises (SMEs) in measuring and reducing their carbon footprint, while also educating, guiding, and empowering them in their transition toward a greener and more environmentally responsible business model.

The tool focuses on Scope 1 and Scope 2 CO₂ emissions, in accordance with the GHG Protocol and ISO 14064-1:2018, and is fully aligned with Greece’s National Climate Law (Law 4936/2022).

Through a structured 13-question questionnaire, businesses can:

• Record key energy data,
• Automatically calculate their emissions, and
• Identify emission sources and design targeted reduction actions.

Carbon Tracker by HDB provides clear and well-documented guidance, preparing SMEs for ESG compliance, access to green finance, and enhanced competitiveness. The tool was developed in collaboration with ESGenius! and is expected to be further enriched with additional features, including Scope 3 emissions, to serve larger or export-oriented enterprises.

At the same time, HDB presents the Pan-Hellenic Interactive Map of the ESG Tracker by HDB—the first and only interactive ESG sustainability map for SMEs in Greece. The map is based on real data by sector of activity, region, and company size, and constitutes a high value-added strategic forecasting tool. This unique resource, available exclusively through the Hellenic Development Bank at this scale, can be leveraged for the design of targeted sustainable development policies.

Through Carbon Tracker by HDB and the ESG Map, HDB develops practical tools, strengthens digital transformation, and makes sustainable development understandable, applicable, and accessible for every Greek SME.

The Chief Executive Officer of the Hellenic Development Bank (HDB), Ms. Ismini Papakyriellou, stated:

“The Hellenic Development Bank provides small and medium-sized enterprises with modern tools that support both digital and green transformation. Carbon Tracker by HDB represents another step toward facilitating SMEs’ adaptation to sustainability requirements and compliance with the ESG framework. In addition, through the Pan-Hellenic ESG Map, HDB enhances transparency while offering a highly valuable strategic tool. HDB remains firmly committed to creating added value for Greek entrepreneurship, with a strong focus on sustainable development and innovation.”