A necessary precondition for sound environmental management at Piraeus Group is the measurement and continuous monitoring of its environmental impacts. Environmental impacts are also defined as the Group’s “footprint” on the environment, which is affected through the consumption of natural resources, the emission of greenhouse gasses, waste disposal etc.
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The assessment of the operational environmental aspects indicates that the most important environmental impact of the Bank is due to electricity consumption. For this reason, Piraeus Bank designs and implements various environmental projects, aimed at reducing the total electricity consumption. These projects, combined with other pilot programs, proved particularly effective.
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Electricity Consumption per surface
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The constant decrease that has been observed in the past years in the consumption of paper, ink cartridges and toners, reflects to a large extent, the improvement in the environmental behavior of the Bank’s employees. |
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Piraeus Bank has integrated green criteria in its procurement policy, since almost all requirements in A3 and A4 paper are covered by recycled and chlorine free paper; the fleet of corporate vehicles is being replaced with low fuel- consumption vehicles; eco-friendly cleaning products with eco-label certification and biodegradable bags are used in selected administration buildings, while electrical and electronic equipment is gradually being replaced with low energy- consumption devices.
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Piraeus Bank`s Photovoltaic Systems.
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Piraeus Bank is the first Bank in Greece and one of the first in Europe to make significant investments in e-learning as a training tool for its employees.
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Travel avoided by opting for e-learning
Business travel by plane (km)
Business travel by plane (km/ employee)
Business travel by car (km)**
Business travel by car (km/ employee)**
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Recycling programmes in the Bank constitute a basic component for constant and systematic improvement of its environmental performance. Employee participation is rising and is strengthened by the annual recycling competitions between Bank branches and administration buildings.
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Paper recycling
Paper recycling initiated in 2004.
Paper recycled (kilos per employee)
Percentage of paper recycled (paper recycled/ paper consumed) (%)
Ink cartridges recycling
Since 2016, over 87,790 ink cartridges items have been recycled/ refilled
Battery recycling
Battery recycling is an environmental programme implemented in all of the Bank’s premises since 2006.
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Calculation of gas emissions derives from the sum of gas emissions due to:
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Gas emissions per employee
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Photovoltaic Power Plant at the Bank`s branch in the Sindos industrial area
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Photovoltaic Power Plant at the Bank`s administration building at 87, Syggrou Ave.
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Photovoltaic Power Plant at the Bank`s administration building on Αmerikis street: «Citylink» building
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Photovoltaic Power Plant at the Bank`s Warehouse facilities in Oreokastro.
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