1. Statement of commitment to respect human rights in accordance with internationally accepted standards
Piraeus Bank, since 2004, has adopted the principles of the UN Global Compact and the Declaration of Human Rights. The Bank applies equal opportunity principles to all actions and opposes to any form of discrimination, inequality or human rights violation while, at the same time, recognizes and respects diversity. All of the Bank’s policies, procedures and human resource management practices are governed by respect for human rights.
Piraeus Bank Group is committed to the homogeneous adherence of the principles that govern Human Resources management in consistency with the Group’s value system. This gives priority to humans and society, regulates and supports the progress and development of the Group.
The Human Rights Policy applies to Piraeus Bank Group including the entities in which the Bank holds a majority interest.
Basic Principles of the Piraeus Bank for Human Rights
2. Commitment with respect to human resources management
In addition, all of the Bank’s policies, procedures and human resource management practices are governed by respect for human rights.
The Piraeus Bank Group is opposed to:
3. Actions and procedures undertaken to meet commitment
Piraeus Bank Group, in order to monitor and safeguard the respect for human rights as well as strengthen communication with all employees on human rights issues:
4. Expectations of Piraeus Bank partners and suppliers
The Bank is committed to working with and encouraging its stakeholders to uphold the principles of Human Rights Policy and to adopt similar policies within their businesses.
With the aim of actively contributing to protection of the principles of human rights, specific evaluation criteria have been designed for the Bank’s partners and suppliers, including equal opportunities, non-acceptance of child or forced labor, compliance with business ethics principles and environmental protection.
The Bank has developed a revised Code of Conduct for Suppliers through its Corporate Responsibility Committee, which includes the prerequisites for selection and partnership with suppliers who respect human rights and environmental protection. The revised Code of Conduct is expected to be gradually implemented.
Piraeus Bank Group, recognizing the important contribution and impact of every employee in the promotion of social well-being and the support of vulnerable social groups through volunteer work, has established volunteerism in PBG as one of the main focus areas of Social Responsibility.
Through dialogue with partners and access to open information on corporate responsibility activities, the Groups’ volunteers choose to contribute to meaningful projects that have a significant impact on the lives of fellow citizens.
Focused on the Group’s vision and values and in conjunction with the 17 UN Sustainable Development Goals ("SDGs"), Piraeus Bank systematically seeks to activate and support initiatives with an emphasis on Society, Culture and the Environment.
Every year organized actions are taken place, based in 6 distinctive pillars of volunteering:
In this context, in 2018, Group employees and members of their families participated in 104 volunteer activities, benefiting 42,788 people and 447 organisations. The activities were implemented with sensitivity, based on the main pillars of volunteering.
In the framework of Piraeus Bank Group’s Corporate Responsibility, we pursue sustainable growth by investing systematically in Society, Culture and Environment.
In particular, acknowledging the importance of sustainable development for Society, we aim to create added value for our customers, employees, shareholders, local communities and the environment, by promoting the values of volunteerism with the participation of employees as well as the members of their families.
Acting with responsibility and aiming to contribute to material issues and needs of Society, we support the work of specialized NGOs with reference to the axes of vulnerable groups’ support, promotion of youth entrepreneurship, environmental protection and cultural awareness, by utilizing the voluntary contribution of our employees.
Furthermore, the voluntary actions carried out by the Group are related to the needs of local communities (through the network presence and action of the Group) and the interests of the volunteers themselves (through interests’ surveys).
Through dialogue with stakeholders and access to open information regarding voluntary activities, volunteers choose to contribute to substantial projects related to specific needs and have a significant impact on the lives of our fellow human beings.
In the context of transparency, Corporate Responsibility Report communicates on a yearly basis, both the purpose and the effect of the voluntary actions on Society.
Piraeus Bank has incorporated the design and the implementation of voluntary actions in the practices of the Group Human Resources, in collaboration with the Environment Unit and the Piraeus Bank Group Cultural Foundation.
"I care, I participate, I act voluntarily in initiatives that make a difference for Society, Culture and Environment" is the message that permeates volunteerism in Piraeus Bank Group.