Environmental Footprint | Piraeus Financial Holdings

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A necessary precondition for sound environmental management at Piraeus Bank is the measurement and continuous monitoring of its environmental impacts. Environmental impacts are also defined as the Bank’s “footprint” on the environment, which is affected through the consumption of natural resources, the emission of greenhouse gasses, waste disposal etc.

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.

Electricity Consumption

* systematic and operational integration of all 6 banks

Electricity Consumption per surface

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

* systematic and operational integration of all 6 banks

Ink Consumption

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, while electrical and electronic equipment is gradually being replaced with low energy- consumption devices.

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.

Travel avoided by opting for e-learning

* systematic and operational integration of all 6 banks

Business travel by plane (km)

Business travel by plane (km/ employee)

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)**

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.

Paper recycling

Paper recycling initiated in 2004. To date, over 5,500 tonnes of paper have been recycled.

Paper recycled (tonnes)

* systematic and operational integration of all 6 banks

Paper recycled (kilos per employee)

Percentage of paper recycled (paper recycled/ paper consumed) (%)

Ink cartridges recycling

Since 2014, over 126,000 ink cartridges items have been recycled/ refilled.

Battery recycling

Battery recycling is an environmental programme implemented in all of the Bank’s premises since 2008.

In the context of the green procurement programme, Piraeus Bank has gradually replaced its fleet of conventional cars with low CO₂ emissions vehicles.