Carbon footprint stemming from Piraeus Group's
operations and activities


piraeus bank

Carbon Footprint

A precondition for sound environmental management is the measurement and continuous monitoring of Piraeus Group’s environmental impacts. Environmental impacts are also defined as the Group’s “carbon footprint” derived from the consumption of natural resources, waste management, employees’ transportation, financing etc. To reduce carbon footprint, GHG emissions are evaluated, assessed and reduction targets are set stemming from Piraeus operation, financing activities and investments.
Energy Consumption The assessment of operational environmental aspects indicates that electricity is the main stream of the Bank’s environmental impacts. For this reason, Piraeus Bank designs and implements various environmental projects, aimed at reducing electricity consumption and improving its carbon footprint from its operational activities.
Electricity Consumption
Electricity Consumption per surface

Resources Consumption 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.
Paper Consumption

*Due to the conditions of the Covid-19 pandemic, there was an increase of printing in branches, leading to paper, ink and toner consumption increase.

Ink Cartridges Consumption

*Due to the conditions of the Covid-19 pandemic, there was an increase of printing in branches, leading to paper, ink and toner consumption increase.

Green procurement 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 gradually replaced with zero-emissions 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.
Recycled paper Consumption 2008-2011

Replacement of Corporate Vehicles
Renewable Energy Piraeus Bank`s Photovoltaic Systems.
Σε 32 ιδιόκτητα καταστήματα της Τράπεζας, με συγκεκριμένα χαρακτηριστικά, εγκαταστάθηκαν φωτοβολταϊκά συστήματα (αυτοπαραγωγή).
Transportation 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.
Travel avoided by opting for e-learning

* Significant decrease due to the conditions of the Covid-19 pandemic

Business travel by plane (km)

* Significant decrease due to the conditions of the Covid-19 pandemic

Business travel by plane (km/ employee)

* Significant decrease due to the conditions of the Covid-19 pandemic

Business travel by car (km)**

** The calculation of business travel by car is based on monthly mean values of unleaded and diesel fuel

Business travel by car (km/ employee)**

** The calculation of business travel by car is based on monthly mean values of unleaded and diesel fuel

Recycling Recycling programmes in the Bank constitute a basic component for constant and systematic improvement of its environmental performance. Employee participation is pivotal and is strengthened and rewarded by the annual recycling and energy saving competitions among branches and administration buildings for 11 consecutive years.
Paper recycled (tonnes)
Paper recycled (kilos per employee)
Percentage of paper recycled (paper recycled/ paper consumed) (%)
Ink cartridges recycling
Since 2016, over 100,000 ink cartridges items have been recycled/ refilled.
Battery recycling
Battery recycling is an environmental programme implemented in all of the Bank’s premises
Total Gas Emissions Calculation of the Bank’s carbon footprint stemming from its operation, financing and investment activities derives from the sum of emissions due to:


Sindos Photovoltaic Power Plant at the Bank`s branch in the Sindos industrial area
Photovoltaic Power Plant at the Bank`s branch in the Sindos industrial area.
Syggrou Photovoltaic Power Plant at the Bank`s administration building at 87, Syggrou Ave.
Photovoltaic Power Plant at the Bank`s administration building at 87, Syggrou Ave.
Citylink Photovoltaic Power Plant at the Bank`s administration building on Αmerikis street: «Citylink» building
Photovoltaic Power Plant at the Bank`s administration building on Αmerikis street: «Citylink» building.
Oreokastro Photovoltaic Power Plant at the Bank`s Warehouse facilities in Oreokastro.
Photovoltaic Power Plant at the Bank`s Warehouse facilities in Oreokastro.