Piraeus Bank Group

Piraeus Bank was founded in 1916. Today it represents the leading Bank in Greece with 30% market share in terms of customer loans and 29% in terms of customer deposits. The Bank is committed to play a leading role in the Greek economy, actively supporting economic activity and extroversion through specialized solutions and high-level services to its customers.

https://www.piraeusbankgroup.com/en/group-profile/brief-profile

Greek Sustainability Code

ESG Criteria Framework Implementation

Πρόκειται για ένα σαφές πλαίσιο ενσωμάτωσης και εφαρμογής των κριτηρίων ESG (Περιβάλλον, Κοινωνία & Διακυβέρνηση) από τους οργανισμούς για την υπεύθυνη λειτουργία τους, μετρώντας την οικονομική, κοινωνική και περιβαλλοντική τους επίδοση. Οι οργανισμοί δημοσιοποιούν την προσέγγιση και τις επιδόσεις τους στους άξονες της Στρατηγικής, της Διαχείρισης Διαδικασιών, του Περιβάλλοντος και της Κοινωνίας, περιγράφοντας τις πολιτικές και τις διαδικασίες που εφαρμόζουν, απαντώντας σε 20 κριτήρια Βιώσιμης Ανάπτυξης, με σκοπό την αυτοαξιολόγησή τους ως προς το επίπεδο ωριμότητας εφαρμογής των κριτηρίων ESG, τη βελτίωση της ποιότητας των δημοσιοποιήσεων και των επιδόσεών τους και την ανάπτυξη μιας ολιστικής προσέγγισης της βιωσιμότητας στην επιχειρηματική τους λειτουργία.

Ανάπτυξη Πρωτοβουλιών & Συμμετοχή στον Εθνικό Διάλογο για την Βιώσιμη Ανάπτυξη του θεσμού Bravo

2020 2019 2018 2017 2016 2015

Responsible Entrepreneurship

Piraeus Bank Group’s aims, through its activities, towards society’s prosperity, the protection of the environment and the support of a sustainable tomorrow for everyone.

This hinges on the development of Sustainable Banking – through the adoption of a comprehensive strategy for implementation of Environmental, Social and Corporate Governance (ESG) criteria – that combines growth and financial performance with social and environmental viability. In this context, together with 29 other banks in the United Nations Environment Programme Finance Initiative (UNEP FI), we have co-developed the Principles for Responsible Banking, which currently have been adopted by over 190 banks around the world.

At Piraeus Bank, we are accelerating our technological transformation, introducing a new way of banking. We offer innovative products and services, providing incentives for enterprises and personal banking clients, to participate in the journey towards a sustainable economy, a sustainable society. We invest in responsible strategies and programmes that support society, with the goal of making our impact positive and lasting, with benefits for everyone. We support investments with a positive social impact and we create social responsibility programs and initiatives that promote sustainable development of economy and society.

https://www.piraeusbankgroup.com/en/sustainable-banking

https://www.piraeusbankgroup.com/en/sustainable-banking/environment-and-society

Sustainability Timeline of Piraeus Bank Group

Sustainability Timeline of Piraeus Bank Group

Annual Reports

Sustainability Indices

Business Model for Sustainable Development

Agenda 2023

Strategic Targets

Specific, measurable targets are set, paving the way to full restoration of its core assets and to increasing profitability.

Satisfying Stakeholders

Piraeus Bank’s top priority.

Sustainable solutions

A comprehensive framework of solutions is being established, which will allow the full development of the Bank’s capabilities, through focused and effective implementation, aiming to create value from all its operations.

Capital	2019
Financial Continuous improvement of the Bank’s fundamentals, through de-risking of the balance sheet and improved efficiency of capital employed.	Strong performance in 2019 across the Bank’s operations. • Net results attributable to shareholders €270 mn compared to €185 mn in 2018. • Support entrepreneurship with disbursements of new loans of €4.1 bn in Greece. • NPE reduction by €3 bn in 2019 to €24.5 bn.
Human Modern work environment that promotes open communication, high efficiency and personal growth for Bank employees	• Implementation of the platform for the creation of an Individual Development Plan, in the context of the approach to Performance Management (Become & Achieve). • Actions to enhance work ethic. • Development of a Job Family Model (JFM), linked with the reward and development program.
Productive Development of infrastructure and resources for the continuous upgrade of the products and services provided by the Bank.	• Piraeus Bank remains committed to making full use of its ability to produce value to serve and support 5.5 mn customers, 27 th shareholders and 11 th employees.
Intangible Utilisation of new technologies for the development of innovative products and services.	• Development and introduction of new innovative products and services such as e-branches, e-loan, e-signature.
Social Inclusion of social, environmental and cultural aspects in the Bank’s business practices, in order to strengthen social wellbeing and sustainable development.	• In 2019, Piraeus Bank supported the effort of young people to enter the job market, through Project Future. 51% of the first graduates (Oct. 2018 - Dec. 2019) have already been placed in the Greek market. • In 2019, the Piraeus Group Cultural Foundation welcomed 337,266 visitors to its Network Museums and implemented 307 cultural events on its premises.
Natural Practical support for green entrepreneurship, with the continuous reduction of the Bank’s environmental footprint, the implementation of programs for protecting biodiversity and managing climate risk.	• Paper and ink consumption decreased by 11% and water consumption by 12% in 2019 compared to 2018. • In 2019, total electricity consumption decreased by 9% compared to 2018. • Over the last 5 years, total CO2 emissions have been reduced by 38%.