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Piraeus Bank Issues Its Annual Corporate Responsibility Report

Piraeus Bank Issues Its Annual Corporate Responsibility Report

Published 07-10-12

Submitted by Piraeus Bank

Piraeus Bank Group has issued its 6th corporate responsibility report. The Group has implemented the Global Reporting Initiative Guidelines for a 5th consecutive year, considering that this model is a comprehensible framework of principles that facilitates the disclosure and communication of Corporate Responsibility issues.

This year, the “Environmental Actions” section and the B+ Application Level of the GRI G3 guidelines have also been reviewed and assured independently.

2011 Key Environmental Achievements

  • 28% increase in green loan balance versus 2010 at €0.7 bn.
  • More than €1 bn in green loan credit limit.
  • RES projects totaling 364 MW were completed with the support of Piraeus Bank thus preventing the emission of 598,000 tonnes of CO2.
  • ISO 14001 and EMAS certification for all Bank branches and administration buildings in Greece.
  • 4.6 % reduction in electricity consumption (per employee).
  • 7.1% reduction in total CO2 emissions.
  • Creation of Climabiz Computational Model assessing the financial consequences of climate change on businesses and the cost of their adaptation.
  • Participation of over 73% of Bank employees in more than one “green” training program.

Piraeus Bank Group’s Annual Report and Corporate Responsibility Report for 2011 are available on the Group’s corporate site

(www.piraeusbank.gr/ecPage.asp?id=240059&lang=2&nt=102&sid=&fid=240188)

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Piraeus Bank

Piraeus Bank

Piraeus Bank Group is one of the most dynamic and active financial organisations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatised in December 1991. Today, Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market (universal bank). Piraeus Bank possesses particular know-how in the areas of retail banking, small and medium-sized enterprises (SMEs), capital markets and investment banking, leasing and financing of the shipping sector. Piraeus Bank Group has a growing international presence, focused in Southeastern Europe and Eastern Mediterranean, but also in the financial centres of London and New York. Main strategic targets of Piraeus Bank Group are: further enhancing market shares in Greece and abroad wherever it operates, improving service quality and customer satisfaction, creating innovative products, further enhancing the Group's position in retail banking and small and medium-sized enterprises financing, strengthening the Group in the areas of asset management and bancassurance and, finally, strengthening profitability with a view of constantly increasing shareholder value.

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