Piraeus Bank is constantly expanding its financing to selected small and medium-sized enterprises, with criteria related to Environmental, Social and Corporate Governance (ESG) issues.
These criteria combine growth and economic performance with social and environmental sustainability, the bank said in a statement, adding: To date, the Bank has implemented a number of such contracts for large and medium-sized enterprises, with a total amount of approximately € 350 million
Recently, the Bank proceeded with new financing to the company ROUSSAS SA. including ESG criteria. The company has been active since 1952 with the aim of producing high quality products, with pure materials, faithfully following traditional production methods. The company ROUSSAS is located in Almyros, Magnesia, in a technologically advanced factory with an area of 6,500 sq.m. The company has been a pioneer in the production of organic feta in Greece and remains the main producer of this product, while in addition, it is the largest producer of packaged feta. All packaging is made from materials of exceptional quality and as recyclable as possible, environmentally friendly, which, over time, decompose naturally without harming the environment and fauna.
It has a strong export character, as it exports over 90% of its annual production to the USA, Canada, Europe, Africa, Asia, Australia, the Middle East and the Far East. The company’s products have been repeatedly awarded for their excellent quality and are available on the international market under the name “Roussas” (Europe, Australia) or under the brand names “Mt. Vikos” (USA, Canada) and “Mt. Athos “(Australia, Asia).
In the context of the new financing, among others, the company ROUSSAS, has set the goal of optimizing its production process, to reduce the natural resources required for the production of its products as well as to take care to ensure the best environmental and working conditions.
It is pointed out that Piraeus is the first Bank in Greece to provide financing with ESG characteristics and environmental sustainability clauses in sectors, from energy, shipping and industry, proving in practice its commitment to promoting a sustainable economy.
Under the relevant agreements, companies are committed to supporting sustainable development, setting specific goals on a case-by-case basis, including:
-The optimization of their energy efficiency by reducing the final energy consumption per unit of product produced
The reduction of CO2 emissions per unit of product produced
-The reduction of water consumption per unit of product produced
-The reduction of waste from their production process
-Increasing the use of recycled raw materials
-Implementation of environmental and energy management systems, such as ISO 14001 and ISO 50001
Through these agreements, the Bank actively supports the low carbon footprint circular economy, while taking into account issues related to the impact of financing on society. The environmental benefit that is expected to be achieved in the coming years from the active partnership of the companies and Piraeus Bank will contribute to the reduction of greenhouse gas emissions, to the rational use of raw materials, as well as to the protection of the natural environment in general.
Source: Capital
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