piraeus bank

EMAS (Environmental Management Audit Scheme)

EMAS (Environmental Management Audit Scheme)

For 10 years now, Piraeus Bank has been implementing programs aimed at ongoing reduction of the environmental footprint of our day-to-day operations. In all of its infrastructure and activities, it implements a comprehensive and continuously improving Environmental Management System that is EMAS certified, reflecting its management’s commitment and engaging employees. These programmes cover electricity consumption, consumption of resources such as printing paper and water, job-related transport, recycling of all kinds, and adoption of new practices, such as promotion of e-banking.

Through these actions, the Bank has succeeded in reducing its total CO2 emissions by 22% per employee since 2014, while the annual net financial benefit from implementation of these environmental programmes is around €5.5 million. Piraeus Bank has repeatedly won awards for these actions in Greece and abroad, and it is no coincidence that it stands out every year from the competition in the relevant customer surveys on its environmental conduct and image. Moreover, in the sustainability (ESG) index ratings – based on which it is evaluated every year – its environmental performance consistently receives very high ratings compared to the largest banks internationally.

The next step is to lay the foundations for evaluation of the carbon footprint of financing – the Bank’s loans and investments – which accounts by far for the largest percentage of the Organization’s environmental impact, so that we can then set clear, measurable and achievable goals for its reduction.