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New Green development plan by Piraeus Bank

Submitted by: Piraeus Bank

Categories: Socially Responsible Investing, Corporate Social Responsibility

Posted: May 07, 2010 – 09:39 AM EST


ATHENS, Greece, May 07 /CSRwire/ - The Ministry of Economy, Competitiveness & Shipping, the Ministry of Environment, Energy & Climate Change and Piraeus Bank, through its subsidiary ETVA VI.PE SA (a company owned 35% publicly and 65% by Piraeus Bank that manages 26 Industrial Areas in Greece), announced investments for environmental upgrading in the existing Industrial Areas and the creation of a new model of 'Green Business Parks'.

This green development plan is set to reach €1,5 bn in the upcoming four-year period with the participation of ETVA VI.PE SA and private sector enterprises supported by the National Strategic Reference Framework.

These green business initiatives will constitute a model for future development plans; will speed up investments in green technologies, placing Greece among the top countries in terms of percentage of GDP invested in the green economy.

The plan includes five action thrusts:

Α. Environmental upgrading of existing Industrial Areas (€ 70 mn.)

Β. Energy investments in existing Industrial Areas (€ 350 mn.)

C. Recycling sorting plants and composting units in existing Industrial Areas (€ 80 mn.)
D. Creation of 3 new green Industrial Areas (Eco-Industrial Parks) (€ 440 mn.)

Ε. 10 Integrated "Environmental Business Parks" on islands (€ 560mn)

4, Amerikis street, GR-10564 Athens, GREECE

For more information, please contact:

Dimitrios Dimopoulos PIRAEUS BANK, Head of Environmental Unit
Phone: +30 2103288293
Fax: +30 2103335429

For more from this organization:

Piraeus Bank


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