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.
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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.
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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. |
Ink Cartridges Consumption
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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 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.
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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 pivotal and is strengthened and rewarded by the annual recycling and energy saving competitions among branches and administration buildings for 11 consecutive years.
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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
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Calculation of the Bank’s carbon footprint stemming from its operation, financing and investment activities derives from the sum of emissions due to:
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GHG 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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