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Piraeus Bank Issues Its Annual Corporate Responsibility Report

Submitted by: Piraeus Bank

Categories: Research, Reports & Publications, Corporate Social Responsibility

Posted: Jul 10, 2012 – 08:40 AM EST


ATHENS, Jul. 10 /CSRwire/ - 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


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