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Piraeus Bank: a Constituent of the Dow Jones Sustainability Index for the Second Consecutive Year

Published 10-07-15

Submitted by Piraeus Bank

Piraeus Bank, following the recent RobecoSAM Corporate Sustainability Assessment, became for the second consecutive year a constituent of the Dow Jones Sustainability Index Emerging Markets. Piraeus Bank remains the only company based in Greece 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 and were invited to participate in the RobecoSAM Corporate Sustainability Assessment. 

Compared to 2014, Piraeus Bank achieved a higher Total Sustainability Score, with a significantly improvement in the Social Dimension. The support of local communities in the Greek provinces through the Museum Network of the Piraeus Bank Group Cultural Foundation played a substantial role for this improvement. In addition, the Bank's contribution to the upgrading of the agricultural sector through the Contract Farming Programme had also a positive impact on the assessment, as did the smooth integration through specialised HR programmes of the new employees that resulted from the 2012-2014 mergers.

Piraeus Bank’s initiatives for the protection of the environment attained an excellent scoring, as in 2014, thus confirming both the successful implementation of the certified under EMAS Environmental Management System and the leadership in the Green Banking products and services for environmentally and socially responsible investments.

The Dow Jones Sustainability Indices monitor the financial performance of companies that lead the field in terms of corporate sustainability and inform international investors that seek viable investment opportunities that generate long-term shareholder value. For the assessment procedure global sustainability trends are taken into account, while specific corporate strategies and practices are also analysed in terms of corporate governance, climate change, energy consumption, human resources management and stakeholder relations. 

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Piraeus Bank

Piraeus Bank

Piraeus Bank Group is one of the most dynamic and active financial organisations in Greece today. Founded in 1916, Piraeus Bank went through a period of state-ownership and management (1975-1991) before it was privatised in December 1991. Today, Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market (universal bank). Piraeus Bank possesses particular know-how in the areas of retail banking, small and medium-sized enterprises (SMEs), capital markets and investment banking, leasing and financing of the shipping sector. Piraeus Bank Group has a growing international presence, focused in Southeastern Europe and Eastern Mediterranean, but also in the financial centres of London and New York. Main strategic targets of Piraeus Bank Group are: further enhancing market shares in Greece and abroad wherever it operates, improving service quality and customer satisfaction, creating innovative products, further enhancing the Group's position in retail banking and small and medium-sized enterprises financing, strengthening the Group in the areas of asset management and bancassurance and, finally, strengthening profitability with a view of constantly increasing shareholder value.

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