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Piraeus Bank Publishes 2013 Corporate Responsibility Report

Submitted by: Piraeus Bank

Categories: Corporate Social Responsibility, Research, Reports & Publications

Posted: Nov 21, 2014 – 12:02 PM EST


ATHENS, Greece, Nov. 21 /CSRwire/ - Piraeus Bank Group has published its 2013 Corporate Responsibility Report. Corporate Responsibility remains a strategic investment for Piraeus Bank through which the Bank contributes to the development of the economy and society in every possible way. The Bank’s contribution to actions, programmes and initiatives regarding social, cultural and environmental work in 2013 accounted for 1.9% of the Group’s annual pre tax and provision profit and for 0.6% of the Group’s operational costs.

In this report, you will have the opportunity to read how Piraeus Bank has incorporated social and environmental aspects into its business activities and its contact with other stakeholders. Moreover, the Bank has made a remarkable contribution to preserving and promoting the cultural heritage of Greece through the Piraeus Bank Group Cultural Foundation (PIOP). The year 2013 marked 10 successful years of contribution to culture through an extremely successful paradigm of cooperation between the public and private sector in constructing and operating these museums.

It is worth noting that over the last 5 years the Bank:

  •   recycled more than 2,100 tonnes of paper and  saved 66,500 trees

  •   reduced by 50% ink and tonner consumption per employee

  •   avoided 13,000,000km transportation through e-learning programmes

  •   reduced by 17% total energy consumption per employee

  •   reduced by 18% CO2 emissions per capita

In 2013, total power from RES projects, which have received Piraeus Bank loans, reached 798 MW with the prevention of 1 mill. tonnes of CO2 emissions.  In the same year the Bank embarked on a new project (LIFE-Stymfalia), co-funded by the EU (LIFE Nature), targeting the sustainable management of a wetland in Greece.

Focusing on Human Resources, as an integral part of corporate responsibility, you will have the opportunity to read how Piraeus Bank delivered its commitment towards its employees and ensured job positions, full-employment contracts, support and strengthening of human resources with pioneering training programmes, support and empowerment of its people and recruitment procedures free of discriminations adopting specific candidate selection systems.

You may, also, find interesting some selected figures associated with Corporate Responsibility with regards to Human Resources as following:

Piraeus Bank Group Human Resources (2013)                                       22,509 employees  

Training man-hours at group level                                                        846,457

Volunteerism                                                                                      90 actions / 3,821 volunteers

Our approach to Human Resources aims to the Adoption of Best Workplace Practices focusing mainly on the development of a humane and responsible organization, where competent, committed and inspired employees work collectively to lead through diversity the market, innovate by adding value and ensure the prosperity and sustainable development of the Group.

Finally, in depth information about key issues could be found in this report, such as: Commitment to Safeguarding Human Rights, Open Communication, Equal Opportunities for Career Development, Investment in People’s Development, Talent Management and retention, Volunteerism, Support of young Generation and Enhancement of Youth Entrepreneurship and Employee Assistance Programmes.

To view the report in its entirety, click here.

For more information please visit Piraeus Bank Group website, http://www.piraeusbankgroup.com/en/.

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