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
(www.piraeusbank.gr/ecPage.asp?id=240059&lang=2&nt=102&sid=&fid=240188)
