Devoted to its commitments and goals, following the signing of the Principles for Responsible Banking in September 2019, Piraeus Bank is a UNEP FI (United Nations Environment Programme Finance Initiative) affiliate in the effort to support banks and companies to work together and meet the funding needs of the Sustainable Development Goals. On April 2, 2020, the UNEP FI – Positive Impact Initiative released two specialized and innovative tools that will allow banks, investors and service providers to implement a new, holistic approach to the analysis and management of their impacts. The aim is to strengthen funding and investments that contribute positively to sustainable development (economy, society and the environment), while at the same time mitigating or offsetting the ones with negative impacts.
The first tool, the “Corporate Impact Analysis Tool”, helps banks and investors gain a cross-cutting view of their client and investee companies’ impact status and possibilities. The “Portfolio Impact Analysis Tool for Banks” provides banks with an overview of the positive and negative impacts of their portfolios on the economy, society and the environment. It enables banks to develop strategies to help achieve society’s goals. The tools are available to the general public for free (here), promoting transparency and open dialogue.
Piraeus Bank, actively participating in the development of the above tools in cooperation with banks from around the world, continues to be a pioneer and play a leading role, following the development of the Principles for Responsible Banking and their implementation framework…You could find more about this article to the website piraeusbankgroup.com HERE