Piraeus Bank participates in international initiatives and indices aimed at forwarding and promoting corporate responsibility to both the business world and the social environment, driven by sustainable development. Furthermore, by participating in this process, Piraeus Bank adopts self assessment mechanisms for its CSR policies and practices based on international standards and compared to international practices with the goal to continuously improve them.
Since 2004, Piraeus Bank has voluntarily been participating in the UN Global Compact, which pertains to ten principles in the areas of human rights, employment rights, environment protection and anti-corruption.
In 2011, with the completion of the certification process, the Bank’s Environmental Management Systems received EMAS and ISO 14001:2004 certification for all its branches and administration buildings in Greece.
Since 2002, Piraeus Bank has consistently been meeting the FTSE4Good Index criteria. This international index was established by FTSE in order to provide investors with ratings of companies that implement Corporate Responsibility programmes.
Apart from its membership in the UN Global Compact, the Bank also signed the Statement of accession to the United Nations Environment Programme Finance Initiative (UNEP FI) in 2007, whereby more than 200 financial institutions from around the world pledge to take into account social and environmental criteria in their decision-making.
Piraeus Bank is the only Greek bank to have signed the Statement of “Caring for Climate: The business leadership platform” under the UN Global Compact, whereby 6,000 businesses world-wide demonstrate leadership in mobilizing the market to deal with climate change. At the same time, Piraeus Bank is a member of the Hellenic Corporate Responsibility Network.
Since 2009, the Piraeus Group’s Human Resources Division has emerged as one of the first corporations in Greece to have acquired the international certification ‘Investors in People’. This certification remains valid, depicting the Group’s ongoing commitment as a responsible employer, emphasizing on the improvement of its competitiveness and corporate performance through the effective management and development of its people.