News

20/06/2014

Climabiz award

The Piraeus Bank project, entitled “Financial Institutions: Preparing the Market for Adapting to Climate Change” (climabiz) was selected as one of the Best LIFE Environment projects for 2013. The award was received on behalf of the Bank, by Mr. Vrasidas Zavras, General Manager for Environmental Banking (Green Banking), at a ceremony held Wednesday, June 4 in Brussels as part of Green Week on "Circular economy - savings , job creation". On the occasion of receiving the award Mr. Vrasidas Zavras stated: “Piraeus Bank’s pivotal strategy is to support and finance companies, institutions, organizations and projects which offer added value and which benefit people and the environment by supporting deposit accounts holders and investors wishing to promote individual and corporate social responsibility in a sustainable society”.


16/05/2014

Climabiz academic article

The climabiz project was implemented by Piraeus Bank in cooperation with WWF Greece and Facets, with the co-funding of the European Union. Its aim was to trigger the adaptation of the market to the risks and opportunities of climate change. In the framework of this project a scientific paper was published in the Journal of Environmental Planning and Management. The article is titled “A methodological framework and tool for assessing the climate change related risks in the banking sector” and describes in detail the methodology to estimate climate risk, as was implemented in the climabiz project. It is one of the very few scientific papers regarding the monetized estimation of climate change in financial institutions.

You can find the article: http://www.tandfonline.com/doi/abs/10.1080/09640568.2014.899489



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20/06/2014

Climabiz goes Doha

During the UNFCCC COP 18 held in Doha, Qatar, the climabiz project was presented on 30 November 2012, at a side event arranged at the EU pavilion. The presentation focused on the rationale and innovative methodology developed in the framework of the climabiz project to estimate, in economic terms, the climate change risks for a financial institution’s clients, the resulting exposure for the bank itself and the costs of tangible adaptation solutions. The project is implemented by Piraeus Bank S.A., in partnership with the consultancy FACE3TS S.A. and WWF Greece

Three separate presentations were made: “The CLIMABIZ project-Climate drives business: The case study of Piraeus Bank” by Dimitrios Dimopoulos, Piraeus Bank, “Estimating climate change risks for the banking sector– Methodological aspects” by Dimitrios Lalas, FACE3TS and “The role and responsibility of the financial institutions in tackling climate change”, by Dimitrios Karavellas, WWF Greece.

Aside from the event, the climabiz project was communicated during private conversations with tens of delegates from NGOs, governmental and intergovernmental organizations and the private sector. It was stressed on all occasions that the climabiz project is a case study for:

  • Establishing how financial institutions can practically contribute to addressing climate change
  • Demonstrating how financial institutions can raise awareness on environmental issues both internally and externally
  • Showcasing how to build effective partnerships in addressing climate change: financial institution + private consultancy + NGO + EU (through the LIFE+ funding instrument).

22/11/2012

EC visit to the climabiz project

Just before the closing of the project, an external visit was made on 14.11.2012 of the EC technical desk officer, the EC financial desk officer and the external monitor to the climabiz project. During this visit, members of all three partners, i.e. Piraeus Bank, WWF Greece and Facets, met in Piraeus Bank, and presented the progress of the project. The full-day visit included a detailed presentation, followed by extended discussions.


28/09/2012

Climabiz workshop in Cyprus

On September 27, 2012, a workshop was organized in Nicosia for executives and the management of Piraeus Bank Cyprus Ltd within the context of the climabiz project. The purpose of the meeting was to discuss the impacts of climate change on businesses, as well as to identify opportunities that arise from climate change. Special reference was made to the tool that has been created in order to measure the impacts from climate change in economic and environmental terms.

Presentations were made by three project members, two from the Group’s Headquarters in Athens, the Deputy Director of Green Banking Products Division and the Head of Environment Unit and one from WWF Greece. WWF Greece presented the basics of climate change and how it affects the environment and the economy. The Head of the Environment Unit presented the environmental policy of Piraeus Bank and the objectives of climabiz; while the Deputy Director of Green Banking Products Division spoke about the investment opportunities that arise from tackling or adapting to climate change. The workshop proved to be very successful as it initiated lively conversations on how Piraeus Bank Cyprus can develop a green policy and better cooperate for this purpose with Headquarter in Greece.

The workshop was attended by 38 people, among which two General Managers, three Heads of Units, one Deputy Manager, one Deputy Head, and various other staff from various divisions, such as Retail Banking, Corporate & Commercial Banking, Credit, Wealth Management, Business Development, Marketing & Public Relations, Strategy & Investment Banking.


10/07/2012

New climabiz videos shown in branches

A series of six short DVDs with state of the art animation graphics on climate change are being played at 160 Piraeus Bank branches and its administration buildings. The DVDs were created in the context of the climabiz project. The DVDs show, in a simple fashion, how climate change impacts the environment and the economy and how opportunities may derive from adapting to climate change. The DVDs are incorporated in the corporate video the Bank plays for its customers, and can be viewed as standalone 6 episodes. The purpose of these DVDs is to raise awareness among customers and employees on climate change and business.


09/07/2012

Climabiz features in Piraeus Bank’s Group annual corporate responsibility report

Piraeus Bank has issued its 6th annual corporate responsibility report with a section on the climabiz progress. Specifically, among others, the report emphasizes the creation of the “Climate Risk Management Model” which is an IT application that assesses the risk deriving from climate change in sector, sub-sector and business level. The application calculates in financial terms climate risk (natural and institutional) for businesses active in the fields of manufacturing, agriculture, shipping, energy production and services (hotels, offices, hospitals). The “Climate Risk Management Model” is capable of analyzing 80 sub-sectors and 146 typical units. The Model also measures the cost of implementing one or more practices to reduce climate risk. With this application, the specially trained employees in the Bank have the opportunity to suggest solutions to Greek businesses in order to deal effectively with climate change. Piraeus Bank Group’s Corporate Responsibility Report for 2011 is available on the Group’s corporate site.

http://www.piraeusbank.gr/ecPage.asp?id=240059&lang=1&nt=102&sid=&fid=240188


27/06/2012

Climabiz presented at Corporate Waste & Recycling Conference

Piraeus Bank participated in the Corporate Waste & Recycling Conference (26 June 2012) organized by Boussias Communications. During the conference successful case studies of large enterprises were presented that ensured effective and profitable management of their waste. Mr. Prokopis Gavriil, responsible for the Bank’s Environmental Management, presented some of the Bank's actions for the reduction of its environmental footprint and also presented the scope and the objectives of the climabiz project.


25/06/2012

Training for climabiz

Following the workshops in December 2011, training on the use of the “Climate Risk Management Model” continued with a newly established team of 65 employees charged with the task to liaise with small and medium sized businesses. With the help of the Model, the «Client Relationship Officers» are able to approach enterprises and present in a very comprehensive way the opportunities that arise from climate change. This new group of experts will enhance communication channels the Bank has established with businesses in order to further promote the objectives of the climabiz project.


30/04/2012

Visit of the LIFE projects external monitoring team to the climabiz project

An important event in the management of the project, was the yearly mission to the project of the LIFE projects external monitoring team on 20.4.2012. During this visit, members of all three partners, i.e. Piraeus Bank, WWF Greece and Facets, met in Piraeus Bank, where a member of the external monitoring team visited and was informed about the progress of the project. The full-day visit included a detailed presentation, followed by extended discussions.


06/04/2012

Climabiz workshop in Bulgaria

On April 4, 2012, a workshop was organized in Sofia for the top management of Piraeus Bank Bulgaria, within the context of the climabiz project. The meeting aimed at providing information and discussing the impacts of climate change on businesses, as well as identifying opportunities that arise from climate change. Special reference was made to the tool that has been created in order to measure the impacts from climate change in economic and environmental terms. Presentations were made by two project members from the Group’s Headquarters in Athens, the Deputy Director of Green Banking Products Division and the Head of Environment Unit.

The workshop was attended by the CEO of Piraeus Bank Bulgaria, The Executive Director, the Deputy General Manager, and 8 Directors and Heads of various units such as Branch Network, SME & Business Centers, Retail Banking, Microfinancing, Credit & Sales, Piraeus Leasing Bulgaria S.A., Business Center Sofia 1, and Press Office.

The workshop proved to be very successful as it initiated lively conversations. These were followed by constructive meetings-calls regarding the market opportunities in green business and the potential of creating green banking products to meet customer needs. In addition, further discussions were made concerning the adoption of programmes aiming to reduce the environmental footprint in Piraeus Bank Bulgaria and educate employees on climate change.


02/04/2012

Climabiz workshop in Romania

On March 26, 2012, a workshop was organized in Bucharest for the top management of Piraeus Bank Romania, within the context of the climabiz project. The meeting aimed at providing information and discussing the impacts of climate change on businesses, as well as identifying the opportunities that arise from climate change. Special reference was made to the tool that has been developed in order to measure the impacts from climate change in economic and environmental terms.

Presentations were made by two project members from the Group’s Headquarters in Athens, the Deputy Director of Green Banking Products Division and the Head of Environment Unit. The workshop was attended by the CEO of Piraeus Bank Romania, two Deputy General Managers, an Assistant General Manager and 5 directors from various divisions such as retail, SMEs, Corporate, Branch Network.

The workshop proved to be very successful as it initiated lively conversations. These were followed by constructive meetings-calls regarding the market opportunities in green business and the potential of creating green banking products to meet customer needs. In addition, further discussions were made concerning the adoption of programmes aiming to reduce the environmental footprint in Piraeus Bank Romania and educate employees on climate change.


21/03/2012

Piraeus Bank attends the EIB conference on climate change

Piraeus Bank staff from the Green Banking Division and the Environment Unit attended the conference of the European Investment Bank (EIB) that was held in Athens on February 23rd 2012. The conference’s topic was “Tackling climate change: Making Green Growth a Reality”. The EIB contributes to the European Union’s targets to mitigate the effects of climate change by financing renewable energy and energy saving projects. The conference’s presentations and discussions were very useful for the development of new ideas regarding climate change and finance within the framework of the climabiz project.


14/12/2011

Climabiz capacity building workshops

In the framework of capacity building actions within the climabiz project, 12 workshops on climate change risk assessment, adaptation and business opportunities were planned by the coordinating beneficiary, Piraeus Bank. Of these, 6 workshops have already taken place, specifically: in Ioannina (3.11.2011), in Veroia (8.11.2011), in Heraklion (19.11.2011), in Kavala (23.11.2011), in Patras (25.11.2011) and in Larisa (2.12.2011). These workshops predominantly focused on the group of “green employees” of about 400 people (one from each branch, and four from each green branch), that have undergone special training in green banking and green business. The “green employees” have direct contact with customers and therefore should be capable of providing information on climate risks and suggesting mitigation/adaptation measures to clients. Moreover, 3 workshops will be held in Romania, Bulgaria and Cyprus for the Piraeus Bank’s subsidiaries, to ensure the transferability of the project’s objectives to other EU countries. At a second stage, and additionally to the aforementioned workshops, six more meetings will be held with the Bank’s Credit Analysts in Athens, Thessaloniki and other major Greek cities. Special emphasis will be given on the use of the Climate Risk Quantification Model and Climate Risk Reduction Model, as the credit analysts have a decisive role in assessing loans.


29/09/2011

Climabiz at the international conference of AgriBioMediterraneo

Piraeus Bank participated in the international conference for “Organic agriculture and Agro-Eco Tourism” held on the Island of Zakynthos, 16-18 September 2011, where it presented its strategy to minimize environmental impact and to support green business. The presentation also focused on climate risk management and the opportunities that emerge, explaining to the participants the objectives of the climabiz project. The conference was organized by AgriBioMediterraneo, the regional group of the International Federation of Organic Agriculture Movements (IFOAM) and was attended by 150 Greek and foreign participants. Climabiz leaflets were also distributed to participants.


01/07/2011

Report on how climate change affects Greek businesses

In the framework of the climabiz project, run by Piraeus Bank in partnership with WWF Greece and Facets, a report titled “Climate change and Greek businesses: Risks and opportunities” was recently published. The report was elaborated by WWF Greece and it aims to raise the awareness of the Greek business world as regards the impacts of climate change to the local economy. The first section of the report includes the fundamentals of climate change and its impacts on the planet and human societies in general. The second part provides a review of the risks and opportunities deriving from climate change for all relevant economic Greek sectors. The report will be distributed to businesses and other concerned stakeholders.


21/06/2011

Climabiz e-learning

In the framework of climabiz project, an e-learning programme has been recently completed by the Environment Unit, with title “Climate Change Adaptation and Business Opportunities: Part I – The fundamentals”. Learning units include:

  • The history of climate
  • The greenhouse effect
  • The role of humans in climate change
  • Climate change impacts & mitigation
  • Risks and opportunities arising from climate change
  • Piraeus Bank and Climate Change

The e-learning programme will be available soon to all Piraeus Bank employees through the electronic platform of the Human Resources Division.


13/06/2011

Climabiz presentation at the International Airport of Athens

The Director of the Environment Department of the Athens Airport invited Piraeus Bank to present its work and achievements regarding green business and environmental management. The presentation, held on 9 June 2011, is a part of a series of meetings that the Athens Airport organizes in order to exchange expertise on environmental management issues with other enterprises, both in Greece and abroad. The participants had the opportunity to hear and discuss Piraeus Bank’s integrated approach to managing resources and also to learn about the innovative climabiz project that aims at evaluating the impacts climate change has upon the Greek enterprises as well as the opportunities that arise from climate change.


30/05/2011

Annual meeting with NGOs

In the framework of its corporate responsibility and longstanding support of and cooperation with representatives of civil society, Piraeus Bank organized a meeting with environmental NGOs, on 17 May 2011. During the meeting, the results of the implementation of Piraeus Bank’s environmental policy were presented, starting from the major achievements of GREENbanking4Life, the first LIFE co-funded project carried out by the Bank; followed by a presentation of climabiz, the second LIFE project. A very interesting discussion ensued round topics of common interest such as biodiversity, climate change and green economy.


16/05/2011

UNEP-FI e-learning course

The Education and Communication Manager of the project participated successfully in a 3-week (3 April – 25 April) e-learning course organised by UNEP-FI. The course concerned Risks and Opportunities for the Finance Sector created by Climate Change and specific topics of the e-learning course included: (a) Introduction to climate change science, (b) Climate change and financial services, (c) Climate change policy and regulation, (d) Clean energy and climate change policies, (e) Climate change and portfolio investment strategies, (f) Climatic Risks to projects, (g) Opportunities and risks in sustainable energy, (h) Introduction to emissions trading scheme, (i) Introduction to the project-based mechanisms of the Kyoto Protocol, (j) Clean Development Mechanism – Risks and Opportunities for Financial Service Providers. The knowledge gained was very helpful for the purposes of the climabiz project.


14/03/2011

Stakeholder meeting

On 2 March 2011, in the framework of climabiz, a stakeholder meeting was organized at the Piraeus Bank Group Cultural Foundation. The meeting was attended by 24 people including members of the project team. Following a brief presentation on the objectives and expected results of the project, a discussion took place with the participation of representatives of industry, SMEs, but also academia regarding the impacts of climate change on Greek companies. The meeting was also attended by Mrs Georgia Valaoras, from the external monitoring team of the European Commission. A Questionnaire was completed by the participants with the following major outcomes: Respondents think that the Greek economy will be greatly affected by climate change in the years to come, and this effect will be mainly negative, however they think that there can also be business opportunities.


17/01/2011

Climate Finance Conference

The Climate Change Risk and Opportunity Manager of the project attended the “Climate Finance 2010 Conference” in London on 9 & 10 of November. Topics of the conference included: (a) projections on UN climate change negotiations in Cancun, (b) green banks-new channels for climate change finance, (c) green fiscal stimulus packages, (d) carbon markets, (e) adaptation finance, (f) green bonds, (g) private sector investment to tackle climate change and so on. During the meeting we had the opportunity to discuss the objectives of climabiz with other participants who showed a particular interest in the outcomes of the project. For further information on the conference topics please refer to: http://www.environmental-finance.com/pages/cf10-presentations.


18/10/2010

Climabiz advertisement

The advertisiment of climabiz as it appears in newspapres and magazines.


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