We respond to the needs of the global community for sustainability and meet the Environmental, Social and Governance (ESG) criteria through partnerships with major Greek, European and international organisations. We align our strategy and operations to these initiatives, aiming for a sustainable and inclusive future.
UNEP FI Principles for Responsible Banking
Eurobank is among the founding signatories of the Principles for Responsible Banking, committing to play an active role in implementing the UN Global Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change.
The Principles for Responsible Banking:
- Set the framework for the future development of a sustainable banking system with a strong positive mark on society and the environment.
- Are supported by over 200 banks around the world.
- Were shaped by the global banking industry through the United Nations Environment Programme Finance Initiative (UNEP FI).
Officially launched on 22 September 2019, they mark the beginning of the most significant partnership to date between the global banking industry and the UN.
The 6 Principles, listed below, provide an effective framework to identify the role and responsibilities of the global banking sector in the context of the common effort towards creating a sustainable future.
UN Environment Programme Finance Initiative (UNEP FI)
Since 2005 Eurobank has been a member of United Nations Environment Programme Finance Initiative (UNEP FI).
From 2010 to 2014, we were a member of the Banking Commission and the Global Steering Committee, and chaired the UNEP FI European Task Force. During this time:
- We coordinated the global campaign to promote sustainable banking in the EU.
- We were instrumental in bringing out the first UNEP FI Guide to Sustainable Banking, the first of its kind globally.
UN Sustainable Development Goals (SDGs)
We have made Corporate Responsibility one of the foundations of our strategic planning. To this end, we link and align all our business decisions with the UN Sustainable Development Goals (SDGs).
The SDGs, also known as the Global Goals, were adopted by all UN Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.
The 17 SDGs are integrated. This means they recognise that:
- Action in one area will affect outcomes in others.
- Development must balance social, economic and environmental sustainability.
UN Global Compact
A member since 2008, Eurobank has been participating voluntarily in the UN Global Compact initiative for sustainability and responsible business practices.
The UN Global Compact provides a framework of 10 internationally accepted principles in the areas of human rights, labour rights, protection of the environment and anti-corruption. To this end:
- We align our strategy and operations with these 10 internationally accepted principles.
- We publish an annual report with the activities that reflect our commitments to these principles on human rights, labour, the environment and anti-corruption.
Principles for Responsible Investment (PRI)
The PRIs were developed by an international group of institutional investors and reflect the increasing relevance of environmental, social and governance (ESG) issues to investment practices.
The PRI initiative numbers over 2,300 signatories, representing USD 82 trillion assets under management. It commenced in 2006, endorsed by the UN and UNEP FI, and supports the 17 Sustainable Development Goals adopted by the UN in 2015.
Sustainable Greece 2020
- We work with the largest industry bodies in Greece.
- We raise awareness on sustainability, responsible business practices and social responsibility within the Greek business community and society at large.
- We help create methodologies and tools, such as the Sustainability Observatory, which relate to the three pillars of sustainable development: economy, the environment and society.
A member of CSR Hellas since 2003, Eurobank has been promoting the values and principles of Corporate Social Responsibility (CSR) among Greek enterprises and organisations.
- We apply best CSR practices.
- We carry out actions that foster social cohesion and sustainable development.
- We participate in CSR initiatives.
A member of Global Sustain since 2011, Eurobank has been offering innovative services linked to sustainability and corporate responsibility.
Global Sustain's mission is to raise awareness, and inspire and support companies and organisations about sustainability, through advisory, communications, networking and training, guided by the people-planet-profit concept. As part of the network:
- We promote green economy and responsible investments.
- We foster business ethics and excellence, transparency, human rights and accountability.
Sustainable Development Committee of the HBA
A member since 2010, Eurobank played a leading part in the establishment of the Sustainable Development Committee of the Hellenic Bank Association (HBA) and continues to coordinate its work to this day.
The Sustainable Development Committee of the HBA:
- Monitors developments in the international and national regulatory and legislative framework.
- Handles issues relating to environmental protection, sustainable development and corporate social responsibility.
- Works with the Hellenic Network for Corporate Social Responsibility, the Network of Responsible Organisations and Active Citizens to identify best practices in the area of sustainability.
Eurobank is also a member of the HBA’s:
- ESG Risk Working Group.
- ESG Financial Markets Group.
Energy Efficiency Financial Institutions Group (EEFIG)
Since 2013 Eurobank has been a member of the Energy Efficiency Financial Institutions Group (EEFIG), a permanent European Commission expert panel on Energy Efficiency Financing (EEF).
Set up by the European Commission Directorate-General for Energy (DG Energy) and the United Nations Environment Programme Finance Initiative (UNEP FI), the EEFIG aims to:
- Initiate dialogue with all entities involved.
- Promote the long-term financing of energy saving projects.
As a member, we assisted in preparing the first edition of the Interim Report How to drive new finance for energy efficiency investments.
Eco-Management and Audit Scheme (EMAS)
Since 2009 Eurobank has been included in the Eco-Management and Audit Scheme (EMAS) register for following the EC Regulation on eco-management.
EMAS is a premium environmental management instrument promoted by the EU member states. It stands for performance, transparency and credibility.