Piraeus Group has in place a Sustainability Strategy to support responsible and sustainable banking by applying criteria in its actions regarding the climate and environment, that balance growth and economic performance with environmental sustainability.
The Strategy is aligned with the Paris Agreement, the UN Sustainable Development Goals (SDGs), and the UN Principles for Responsible Banking (PRB).
Piraeus Group focuses on five strategic elements:
- Reaching net zero in its operations by monitoring and managing environmental impact closely, investing in operational efficiency solutions, and sourcing 100% renewable energy for the Piraeus Bank buildings.
- Steering lending portfolio towards net zero by 2050 by focusing on the carbon-intensive sectors and measuring alignment of lending with climate decarbonization pathways.
- Supporting and advising clients in line with a carbon-neutral and naturepositive economy by accelerating the sustainable economy, financing transition, and pioneering financing for new technologies and business models.
- Managing climate and nature risks by fully integrating climate and environmental risks in the Risk Management Framework and by supporting clients protect their business from climate risks, providing advice and financing their transition.
- Supporting society and our people through initiatives that promote employee well-being and personal development, enhance service accessibility and assist vulnerable social groups by building trust and contributing to a more inclusive service.