piraeus bank group

Environmental Management System

An Environmental Management System (EMS) is a tool that provides organisations with a method to systematically manage and improve the environmental aspects of their production processes. Piraeus Bank’s EMS meets the requirements of EMAS. It is considered as an effective system aimed at achieving the organisation’s environmental policy and at improving the environmental performance continually.

The Environmental Management System of the Bank covers all its premises, all the branches and all the Administration Buildings.

A specially-trained employee has been appointed Environmental Management Coordinator at each branch and each administrative building in order to achieve more complete data collection, effective implementation of procedures and environmental programs as well as the fulfilment of the environmental targets.

EMAS & ISO 14001 Environmental Certification

In 2011, the procedure for EMAS (Eco-Management Audit Scheme) and ISO 14001:2004 certification of the Bank’s Environmental Management System (EMS) was completed for all its branches and administration buildings.

EMAS is a European Union management tool that has a Register where all institutions which improve their environmental performance are registered. Active participation of employees, the increasing demand for transparency and the disclosure of environmental information to the public, are all basic factors that differentiate and distinguish EMAS from all other standards.

Piraeus Bank is the first bank in Greece to have certified its Environmental Management System (EMS), in all its branches and administration buildings under EMAS and ISO 14001:2004.

Cyprus Certification Company was the verifier for EMAS, while the same company, as a member of the IQNET Association-The International Certification Network, certified that the Piraeus Bank’s EMS is in conformity with the requirements of the Standard ISO 14001.

The EMAS & ISO 14001 certifications came as a result of a longstanding and successful implementation of the Bank’s Environmental Management System, which started in 2004 with the adoption by the Board of Directors of the principles of the Environmental Management Policy and matured through the implementation of the European co-funded project GREENBanking4Life (2006-2009) that laid the foundations of the EMS.

Environmental Footprint Database

Piraeus Bank monitors its operational environmental impact in terms of energy, water and other resources, as well as the use of consumables and employees’ travels, by means of a special tool that estimates its environmental footprint over time and space (geographic distribution of the Bank’s network): the “Environmental Footprint Database”.

Piraeus Bank’s Environmental Footprint Database is a highly useful tool allowing for the implementation of the following objectives:

  • Automated data collection
  • Organized environmental information according to the Bank’s needs
  • Integrated environmental know-how into the Bank’s systems
  • Comprehensive and multivariant analysis tools

The most valuable benefit of the Environmental Footprint Database is that the Bank can better plan it's environmental projects, with measurable targets, leading to reduced operational impacts and resource savings. This tool also enables the follow-up and assessment of the Bank’s environmental performance and its benchmarking against policies of other organisations.

The Database was developed in the framework of the Greenbanking4life project and follows the data collection and processing methods developed according to the Greenhouse Gas Protocol (GHG) Initiative guidelines of the World Resources Institute (WRI).

Database on Environmental Legislation & Case Law

Α Database on Environmental Legislation & Case Law (DEL&CL) has been developed and is constantly updated, with the aim to support Piraeus Bank’s compliance with the applicable legal requirements and corporate responsibility commitments regarding the environment.

The DEL&CL provides the Bank with the necessary legal information regarding:

  • the general obligations and trends of environmental law,
  • the development and implementation of programs for the prevention and reduction of direct (operational) environmental impacts, particularly in the framework of the Environmental Management System, and
  • the task to reduce indirect (business) environmental impacts through environmental risk assessment, adaptation to climate change and the promotion of environmentally friendly investments and green business.

Environmental Objectives and Targets

The Bank yearly sets Environmental Objectives and Environmental Targets according to specific procedures of the EMS, in order to measure, monitor and control all its main operational activities and create adequate Environmental Programs for its continuous environmental improvement.

Environmental Programs

Piraeus Bank develops special Environmental Programs in order to be able to reduce its environmental footprint. Various Environmental Programs like energy and water saving programs in its buildings, solid waste management and recycling, business travel reduction activities and green procurement, have been applied effectively in the Bank since 2005, leading to a significant improvement of the Bank’s environmental performance.