Submitted by Piraeus Bank
Piraeus Bank has qualified for inclusion in RobecoSAM’s 2016 Sustainability Yearbook, following its selection as an index component of the Dow Jones Sustainability Index Emerging Markets.
The Sustainability Yearbook has listed the world’s most sustainable companies in each industry as determined by their score in RobecoSAM’s annual Corporate Sustainability Assessment.
At the 2015 Corporate Sustainability Assessment Piraeus Bank’s score was higher than 72% of the total assessed banks. Piraeus Bank’s inclusion in the 2016 Sustainability Yearbook denotes that it is within the top 15% of the banking industry worldwide and is one of the 37 banks that were finally included in the Yearbook. In addition to the sustainability score, a qualitative evaluation of the Bank’s response to critical sustainability issues that may arise during the year was also applied. 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.
RobecoSAM and the Dow Jones Sustainability Indices monitor the financial performance of companies that lead the field in terms of corporate sustainability and guide international investors that seek viable investment opportunities that generate long-term shareholder value.
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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