CSR Press Release

Piraeus Bank has embarked on a new innovative European project, titled 'climabiz' which aims at preparing the Greek market to timely adapt to the new conditions arising from climate change.

Climabiz is carried out by Piraeus Bank in collaboration with the environmental organization WWF Greece and face³ts, a consulting company with expertise in climate change issues. The project is co-financed by the European Commission through the financial instrument "LIFE+ Environment Policy & Governance". The duration of the project is 3 years and its actions will take place in Greece, Bulgaria, Romania and Cyprus.

Through climabiz, Piraeus Bank will contribute to tackling climate change by:

• Identifying the impacts and business opportunities arising from climate change in Greece and in SE Europe in general.


• Developing dedicated applications and e-tools to estimate both the impacts of climate change and the adaptation opportunities for companies.


• Informing and supporting companies for a smoother adaptation to climate change.


• Informing and raising awareness among Piraeus Bank's employees, clients, as well as the general public in regards to climate change and adaptation.

According to Mr. Vrasidas Zavras, General Manager of Piraeus Bank, "this project addresses the big questions of our times; that is, how and to what extent is a company affected by climate change, and how it can cope with it. This evaluation is happening for the first time in Greece and it is also an innovative task within the European Union." He further states, "the project's acronym climabiz derives from the words 'Climate' and 'Business' signifying that tackling climate change creates development opportunities, and this is exactly what this new project of Piraeus Bank is aiming to demonstrate."

For further information, visit www.climabiz.gr.

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