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Piraeus Bank Issues Its Annual Corporate Responsibility Report

Piraeus Bank Issues Its Annual Corporate Responsibility Report

Published 11-05-13

Submitted by Piraeus Bank

Piraeus Bank Group has issued its 7th corporate responsibility report. The Group has implemented the Global Reporting Initiative Guidelines for a 6th 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 section entitled Environmental Actions and the B+ Application Level of the GRI G3 guidelines have also been reviewed and assured independently.

2012 Key Environmental Achievements

  • Completion of the European climabiz programme for estimation of climate change impact on Greek businesses.
  • 14% reduction in paper consumption versus 2011.
  • 10% reduction in ink cartridge/toner consumption versus 2011.
  • 9% reduction in business trips by plane versus 2011.
  • 40% increase in plastic recycled.
  • 18% increase in small battery recycling per employee.
  • Completion of pilot application for monitoring electricity and water consumption at 10 Bank branches in Attica.
  • Approx. 1,250 employees participated in environmental training programmes.

It is worth noting hat that over the last 5 years energy consumption has dropped by 7.5%.

Piraeus Bank Group’s Annual Report and Corporate Responsibility Report for 2012 are available on the Group’s corporate site.

www.piraeusbankgroup.com/~/media/Com/Piraeus-Bank-Documents/Enimerosi-Ependiton/Etisies-Ekthesis/2012/PiraeusBank_CRR_ENG_Web.ashx

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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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