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Piraeus Bank: a constituent of the Dow Jones Sustainability Index

Submitted by: Piraeus Bank

Categories: Finance, Ratings & Awards

Posted: Oct 02, 2014 – 09:52 AM EST


ATHENS, GREECE, Oct. 02 /CSRwire/ - Piraeus Bank, following the RobecoSAM Corporate Sustainability Assessment, has been selected as an index component of the Dow Jones Sustainability Index Emerging Markets. The Dow Jones Sustainability Indices (DJSI), the most widely recognized sustainability rating, monitor the financial performance of companies that operate in terms of corporate sustainability. Since investors are interested in integrating environmental, social and governance criteria into their strategies, the DJSI provide transparent and effective solutions to the international investing community, thus identifying investment opportunities that generate long-term shareholder value.

Piraeus Bank is the only Greek company to be selected as an index component of the DJSI, an index that tracks the performance of the top 10% of the 800 largest Emerging Markets companies that lead the field in terms of sustainability.

Piraeus Bank Group, has voluntarily incorporated social and environmental aspects in its business operations. It seeks to offset the impact of its business by contributing to sustainable economic growth, protection of the environment and social cohesion.

In order to safeguard the company's interests and the interests of its shareholders, Piraeus Bank is constantly updating the governance and internal control systems, as well as systems regarding regulatory compliance, transparency and information flow to the investment community. Both ensuring high quality personnel to address demanding business needs and developing strong employee relations are crucial components of the Group’s philosophy.

With the same sensitivity and consistency with which the operational environmental impacts are managed through the certified under EMAS Environmental Management System, the Bank is also a leader in Green  Banking through the creation of Green Banking products and the support and financing of environmentally and socially responsible investments actions and. The Group’s social work is accomplished mainly through the Piraeus Bank Group Cultural Foundation (PIOP) that supports the preservation and promotion of Greece’s cultural heritage. The Foundation enhances the Corporate Responsibility of the Group through the creation and management of a network of thematic technological museums in the Greek periphery.

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