Piraeus Bank is a pioneer in supporting and funding investments aimed at environmentally and socially responsible actions, just as it has been a leader in managing its environmental impacts.
In Piraeus Bank we focus on incorporating the Principles for Responsible Banking in the whole range of our activities, both in the financial products and solutions offered. Since 2010, Piraeus Bank provides specialized products and services that cover extended market needs, while we are constantly designing products combined with investments that they aim to have a neutral impact on the climate change and present a positive impact to the society.
In this context, Piraeus Bank has formed a package of green banking products, which meet the specialized needs of companies wishing to upgrade their business or invest in green energy projects, emphasizing in the sustainable development of the economy. At the same time, we are already incorporating Environmental, Social and Corporate Governance criteria, known as ESG, in more and more of our services and products, aiming to provide a higher level of financial products in order to assist them in accomplishing sustainable investments.
The know-how and specialization acquired in the issues of green entrepreneurship, the large turnover and the technical peculiarities of each project are the basis in providing support to our clients and guide them in every stage of the investment, from the creation of the investment plan and the licensing process until its implementation.
Piraeus Bank financed (until the end of 2020) 1,759MW in Renewable Energy projects (RES). These projects produce about 3,442 GWh per year. The operation of these RES plants avoids the release of many pollutants including 3.62 million tonnes of CO2 on an annual basis.