Our commitments and targets for sustainable development

Our Sustainability Policy

We aspire to be a pillar of stability for the Greek economy, to fuel growth and to support innovation. We want our footprint in the society to be positive and ongoing for the benefit of our customers, our people, our shareholders, and the society at large, fully reflecting our values. The Piraeus Group Sustainability Policy aims to support, promote, and finance sustainability with adherence to ESG criteria. 
We aspire to be a pillar of stability for the Greek economy, to fuel growth and to support innovation. We want our footprint in the society to be positive and ongoing for the benefit of our customers, our people, our shareholders, and the society at large, fully reflecting our values. The Piraeus Group Sustainability Policy aims to support, promote, and finance sustainability with adherence to ESG criteria. 
18/10/2024
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Piraeus Bank Group's Sustainable Development Policy

Piraeus Group's sustainability journey

We are setting a dynamic sustainability path and meeting our targets.
2025
1st publication of CSRD report.
Completed the issuance of €500mn Green Senior Preferred Bond​.
Included for the 5th consecutive year, in the Financial Times Europe’s Climate Leaders list.
Achieved ratings A- and AA at CDP and MSCI respectively.
Three international awards for Piraeus at the Euromoney Awards for Excellence 2025:​ Europe’s Best Bank for Corporate Social Responsibility, Greece’s Best Bank for ESG, Greece’s Best Digital Bank
2024
Issuance of the second Green Senior Preferred Bond in the amount of €650mn.
ISO 50001:2018 certification.
Development of Sustainable Finance Framework.
Development of Sustainability Linked Loans Framework.
Development of first SFDR Policy (revised in 2025).
2023
Integration of ESG Risk obligor assessment into the loan evaluation process.
Development of a robust ESG Governance Structure​.
2022
Participation on the ECB Climate Risk Stress Test.
Validation by SBTi for targets extending up to 2030.
Launched “Project Proteus” for the integration of climate and environmental risks into risk management.
2021
Publication of the Group’s Sustainable Development Policy​.
Green Bond Framework development.
Issuance of inaugural Green Senior Preferred Bond in the amount of €500m​n.
Signed the UNEP FI Commitment for Financial Health and Inclusion.
Signature of the Principles for the empowerment of Women.
Key Risk Indicators for Risk Appetite Framework purposes, addressing climate and environmental risks.
2020
Elected to the UNEP FI Banking Board and published first PRB Report.
Published the organization’s first TCFD Report, advancing climate-related financial disclosures and transparency.
2019
Signed UNEP FI Principles for Responsible Banking​, after playing an active role in their development.
Piraeus Asset Management signed the Principles for Responsible Investment.

Responsible Banking

Principles for Responsible Banking

UN Principles for Responsible Banking

By adopting the UN Principles of Responsible Banking, we align our business decisions with the goals and needs of society and enhance trust and transparency. We set targets that enhance our positive impacts and limit potential negative impacts.
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Our commitments

Our commitments

We are aligning our activities with the Principles of Responsible Banking by making six key commitments: 

  1. Alignment with international and national frameworks. 
  2. Positive impacts and target setting. 
  3. Positive actions, positive actions, positive environmental and social impacts. 
  4. Responsible collaboration with stakeholders. 
  5. Governance and a culture of responsible banking.
  6. Transparency and accountability.
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Sustainable Development Goals

We are in line with international trends, support the UN Sustainable Development Goals, and are committed to making a meaningful contribution to the global effort to achieve them.

See here the information leaflets from the Hellenic Banking Association.