September 25, 2017

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Piraeus Bank “Climabiz” is One of the 15 Best LIFE Projects of the Last 25 Years in the European Union

Submitted by: Piraeus Bank

Categories: Sustainability, Finance

Posted: Jun 06, 2017 – 08:25 AM EST

 

ATHENS, Jun. 06 /CSRwire/ - The Piraeus Bank’s LIFE project “climabiz - Financial Institutions: Preparing the Market for Adapting to Climate Change” has been selected as one of the 15 most outstanding LIFE projects, out of a total of 4,300 projects implemented in the last 25 years, since the beginning of EU LIFE. As a result, the climabiz was part of the European Commission’s “Green Awards” shortlist. The ceremony took place in Brussels on the 30th of May, within the framework of the 2017 Green Week entitled “Green Jobs for a Greener Future”.

The climabiz project (2010-2012) gave birth to a climate risk model, which measures in monetary terms the impact of climate change on enterprises. It has already received the distinction of being one of the best LIFE Environment projects for 2013.

As stated by Mr. Vrassidas Zavras, Piraeus Bank’s General Manager - Green Banking, "Piraeus Bank uses LIFE - one of the European Union's financial instruments for the environment - as part of its commitment to reduce the environmental footprint of its own activity, but also to contribute to the dissemination and adoption of best practices. Piraeus Bank supports the global effort to address major environmental challenges - such as climate change - while creating new business opportunities, opening up new markets and contributing to sustainable development. "

Piraeus Bank is the only bank in Europe having completed two LIFE projects, thus making full use of this instrument of environmental support. Since 2013 Piraeus Bank –in partnership with both public and private sector entities– has been implementing the LIFE-Stymfalia project, which links the protection of biodiversity to sustainable business practices.

For more information, please contact:

Mr. Dimitrios Dimopoulos Director, Environment Unit

For more from this organization:

Piraeus Bank

 

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