EFG Eurobank Ergasias successfully completed its ISO 14001 certification on Environmental Management for the products and services the Bank offers in the Attica region.
EFG Eurobank Ergasias successfully completed its ISO 14001 certification on Environmental Management for the products and services the Bank offers in the Attica region. The Certification Committee of the Hellenic Organization for Standardization (ELOT) decided on September 16 to issue the relevant Certificate of Environmental Management as per International Standard ELOT EN ISO 14001 for the provision of banking and financial services.
Eurobank is the first Greek bank and one of few across Europe to receive an Environmental Management certification for its products and services. Eurobank’s Environmental Management System was developed in co-operation with specialized Greek consulting company ENNOUS Ltd, based on leading practices of international financial institutions. The System’s main goals are:
- Reduction in the consumption of energy, water, chemical substances, paper
- Reduction and proper management of waste
- Encouragement of staff involvement in environment protection programs
- Creation of ‘green’ banking products
- Environmental Risk Management
The development of the Environmental Management System enables the implementation of the Bank’s Environmental Policy, announced in April 2003, and verifies the commitment of Eurobank’s Management towards protecting the environment. The Bank is expected to reap multiple benefits from the System’s implementation, including:
- Protection of the Environment from direct and indirect impacts stemming from Eurobank’s activities
- Increased awareness of employees, suppliers, clients and the wider society regarding environmental issues.
- Reduction of operating expenses
The Environment and its protection form a key aspect of Eurobank’s Corporate Social Responsibility program, as expressed in the Bank’s Environmental Policy. According to the Policy, the Bank has made a commitment to assess the direct and indirect impacts of its financial and investment activities on the environment, and to continuously improve its environmental policy, following local or international environmental laws and regulations.