Piraeus Group has in place a Sustainability Policy to guide its actions in managing climate and environmental risks.
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:
- Reducing carbon emissions in its operations by monitoring and managing environmental impact closely, and sourcing 100% certified renewable energy for the Bank’s buildings.
- Reducing lending portfolio emissions by focusing on the carbon-intensive sectors and measuring alignment of lending with climate decarbonization pathways.
- Supporting and advising clients in line with a low carbon economy by financing transition, new technologies, and business models.
- Integrating climate and environmental risks in the Risk Management Framework and supporting clients protect their business from climate and nature risks.
- Supporting society and our people through initiatives that promote employee well-being and personal development, enhance service accessibility and assist vulnerable social groups.