Environmental Management System

Piraeus Bank, in the context of its commitment for constant reduction of the environmental impacts from its operation, has developed and implements an Environmental Management System (EMS) in all its branches and administration buildings.

The EMS is a tool that provides organizations with a method to systematically manage and improve the environmental aspects of their production processes.

Through the EMS, the Bank sets goals for continuous improvement and implements relevant environmental programs to achieve these goals.

The economic benefit from the implementation of the aforementioned programs exceeds €5.5 mn annually.


Environmental certification according to EMAS and ISO 14001:2015

Piraeus Bank registered with the EU Eco-Management and Audit Scheme (EMAS) in 2011 (the strictest environmental management certification). Its EMS is also certified in accordance with Standard ISO 14001:2015.

Piraeus Bank Environmental Statement is compiled annually and certifies its compliance with the EMAS regulation. The Statement is verified by an external audit.

With more than 450 building facilities and more than 400 directly involved employees in the EMS, Piraeus Bank is one of the largest organization in terms of employees and facilities that has acquired such a strict environmental certification.



Carbon footprint calculation data base (Ecotracker)

Piraeus Bank, via an innovative new application, the Carbon Footprint Calculation Data Base (Ecotracker) monitors the environmental impacts that derive from its operation, i.e. energy and water, expendable’s consumption and staff commuting. The above system works in combination with two other applications: the “Energy Office”, which measures through sensors the energy and water consumption in the facilities of the Bank in real time and the “Bill Management” that feeds Ecotracker directly with energy data.

Through the Carbon footprint Calculation Data Base (Ecotracker):

  • The collection of data for calculating the Bank’s carbon footprint is automated
  • The bulk of the environmental data is processed and cross checked faster
  • A more complete environmental reporting is achieved.

The greatest benefit from the use of the Ecotracker is that Piraeus Bank achieves a coherent implementation of the EMS and other environmental programs that ultimately have as a result the reduction of the Bank’s operational costs. This application also allows for the monitoring and the comparison of the Bank’s environmental performance with other organizations.

The Carbon Footprint Calculation Data Base (Ecotracker) also calculates the total carbon emission Scope 1, 2, 3. The application follows the data collection and process methodology that is developed according to the directions of the Greenhouse Gas Protocol (GHG).



Environmental goals

Piraeus Bank sets annually environmental goals through a specific process within the Environmental Management System. Α continuous improvement of the organization’s environmental performance is achieved, through the systematic evaluation, monitoring and reduction of the Bank’s main environmental impacts.


Environmental programs

Environmental goals are achieved through the implementation of environmental programs, with the involvement of employees. The majority of the environmental programs concern energy efficiency, water consumption, waste management and commuting reduction initiatives.