Garbon footprint stemming from Piraeus Group's
operations and activities


piraeus bank

Environmental Footprint

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.
Energy Consumption 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
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 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 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.
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 rising and is strengthened by the annual recycling competitions between Bank branches and administration buildings.
Paper recycling

Paper recycling initiated in 2004.

Paper recycled (tonnes)
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.
Total Gas Emissions Calculation of gas emissions derives from the sum of gas emissions due to:

Gas emissions

* Emissions due to mortgage loans were included.
** Significant decrease in Scope 3 emissions due to 52% decrease in mortgage loan emissions, after applying the new PCAF methodology.


Gas emissions per employee

* Emissions due to mortgage loans were included.
** Significant decrease in Scope 3 emissions due to 52% decrease in mortgage loan emissions, after applying the new PCAF methodology.

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.