Ethical Performance
inside intelligence for responsible business

Piraeus Bank Group publishes 2013 Corporate Responsibility Report


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Corporate Responsibility remains a strategic investment for Piraeus Bank through which the Bank contributes to the development of the economy and society in every possible way. The Bank’s contribution to actions, programmes and initiatives regarding social, cultural and environmental work in 2013 accounted for 1.9% of the Group’s annual pre tax and provision profit and for 0.6% of the Group’s operational costs.

The report shows how Piraeus Bank has incorporated social and environmental aspects into its business activities and its contact with other stakeholders.

In 2013, total power from RES projects, financed by the Bank, reached 798 MW with the prevention of 1m tonnes of CO2 emissions.

In the same year the Bank embarked on a new project (LIFE-Stymfalia), co-funded by the EU (LIFE Nature) targeting the sustainable management of a wetland in Greece. The project aspires to become a model for promoting business & biodiversity in Natura 2000 sites. It is worth noting that through its Environmental Management System, certified under EMAS, over the last five years the Bank has reduced its CO2 emissions by 18% per capita.

Moreover, the Bank has made a significant contribution to preserving and promoting the cultural heritage of Greece through the Piraeus Bank Group Cultural Foundation (PIOP). 2013 marked 10 successful years of contribution to culture through a successful cooperation between the public and private sector in constructing and operating several museums.

Focusing on human resources, as an integral part of corporate responsibility, Piraeus Bank has delivered its commitment towards its employees and ensured job positions and full-employment contracts.It has supported and strengthened its HR with pioneering training programmes, support and empowerment of its people and developed non-discriminatory recruitment procedures.

The Bank’s approach to HR aims to adopt best practice, focusing mainly on the development of a humane and responsible organization, where competent, committed and inspired employees work collectively to lead the market through diversity, innovate by adding value and ensure the prosperity and sustainable development of the Group.
Further report highlights:

  • Commitment to Safeguarding Human Rights
  • Open Communication
  • Equal Opportunities for Career Development
  • Investment in People’s Development
  • Talent Management and retention
  • Volunteerism
  • Support of young Generation and Enhancement of Youth Entrepreneurship
  • Employee Assistance Programmes.

For more information please visit Piraeus Bank Group website,

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