Piraeus Bank is among the top 400 companies in Europe in terms of its performance in terms of climate change management, for the second consecutive year, according to the list published by the Financial Times.
Piraeus Bank is the only Greek company included in the list of Financial Times “Europe’s Climate Leaders” in 2022 as, among other things, it achieves the reduction of greenhouse gas emissions in the categories Scope 1 and Scope 2 for the period 2015-2020.
Since 2019, whenever committed to the United Nations Banking Authority, Piraeus Bank has been systematically moving towards sustainable banking and creating infrastructures, policies and strategies that incorporate in its operations the best ESG criteria (criteria for Environment, Society and Governance). Therefore, the issue of climate change is firmly on the agenda of the organization and systematic action is a priority.
Piraeus Bank systematically measures the greenhouse gas emissions from its operation and financing through the integrated Environmental Management System that it implements, which is certified according to the international standard ISO 14001: 2015. The Bank’s carbon footprint is currently described as a 33% reduction in direct emissions in 2016-2021 (Scope 1), and a 56% reduction in indirect emissions related to electricity consumption in 2016-2021 (Scope 2). .
In combination with its financial aspirations, the Piraeus Group systematically moves towards sustainable banking and creates infrastructure, policies and strategies that incorporate optimal ESG (Environmental, Social and Corporate Governance) criteria in its activities. This strategy will make it possible to maximize its contribution to achieving the goals of the Paris Agreement on Climate Change and the United Nations Sustainable Development Goals. For the period 2022-2025, it aims to increase its sustainable banking activity by approximately € 9 billion.
With these strategic choices, Piraeus expects to realize its vision to be the most reliable bank in Greece that further contributes to the goals of tackling climate change, supporting its customers in their transition to climate neutrality, with a positive impact on country economy, society and the environment.
Source: Capital
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