Piraeus Group has in place a Sustainability Strategy to support responsible and sustainable banking by applying criteria in its actions regarding the climate and environment, that balance growth and economic performance with environmental sustainability.
The Strategy is aligned with the Paris Agreement, the UN Sustainable Development Goals (SDGs), and the UN Principles for Responsible Banking (PRB).
Piraeus Group focuses on four strategic elements:
- Reaching net zero in its operations by monitoring and managing environmental impact closely, investing in operational efficiency solutions, and sourcing 100% renewable energy for the Piraeus Bank buildings.
- Steering portfolio towards net zero by 2050 or sooner by focusing on the carbon-intensive sectors and measuring alignment of lending with Piraeus climate and nature solutions.
- Supporting and advising clients in line with a carbon-neutral and naturepositive economy by accelerating the green economy, financing transition, and pioneering financing for new technologies and business models.
- Managing climate and nature risks by fully integrating climate and environmental risks in the Risk Management Framework and by helping clients protect their business from climate-, society-, and governance-related risks by providing advice and financing their transition.