Transcript Slide 1

Financial Institutions: Preparing the Market for Adapting to
Climate Change
Sofia Frantzi
LIFE Climate Action Workshop
12 June 2014, Athens
CORPORATE RESPONSIBILITY
Environment Unit
CORPORATE RESPONSIBILITY
Environment Unit
Piraeus Bank’s LIFE projects
2006 - 2009
Environmental footprint
reduction
Environmental education
First green banking
product
12.06.2014
2010 - 2012
Identification and estimation of
climate change risks and
opportunities
Climate Change Strategy
Support to companies to adapt to
climate change
2013 - 2017
Business and Biodiversity
Protection and restoration
of nature
Systematic re-financing
process
2
CORPORATE RESPONSIBILITY
Environment Unit
Climabiz project
Title: Financial Institutions: Preparing the Market for Adapting to Climate Change
Acronym: climabiz
Website: www.climabiz.gr
Duration: 11 January 2010 – 31 December 2012
Project code No: LIFE08 ENV/GR/000552
Project funding: co-funded by 50% through the “LIFE+ Environment Policy and Governance”
financial instrument of the EU
Total project budget: € 1.854.140
EC financial contribution: € 924.445
Partners:
12.06.2014
Coordinating beneficiary - Piraeus Bank
Associated beneficiaries - FACE3TS, WWF Greece
3
CORPORATE RESPONSIBILITY
Environment Unit
Aim of climabiz
Aim:
…to trigger the timely adaptation of the market to the
risks and opportunities
of climate change…
12.06.2014
4
CORPORATE RESPONSIBILITY
Environment Unit
Climabiz main results
•
•
•
•
•
Climate Risk Management Model
Piraeus Bank Group’s Climate Change Strategy
Reports and articles
Green Banking Portal
Communication and education actions
12.06.2014
5
CORPORATE RESPONSIBILITY
Environment Unit
Climate Risk Management Model
The innovation of climabiz project is attributed to
the development of the Climate Risk Management
Model which can provide calculations for:
•
the costs of physical and regulatory climate risk
at a sector, subsector and company level (which
are influenced by climate change)
•
the costs and benefits of the practices that a
company can apply in order to reduce climate
risk
•
the environmental footprint (air pollutants,
greenhouse gases, liquid waste, solid waste) at
a subsector and company level.
12.06.2014
6
CORPORATE RESPONSIBILITY
Environment Unit
Piraeus Bank Group’s Climate Change Strategy
“Recognizing the impacts that climate change has on the economy,
the society and the environment, Piraeus Bank Group has developed
and incorporated a climate change 6 strategy based on four thrust
areas:
(a) Gradual reduction of Piraeus Bank’s Group carbon footprint,
(b) Support of investments in renewable energy and energy saving
projects,
(c) Climate change risk assessment for Greek companies
(d) Provision of solutions to businesses in order to adapt to the new
climatic conditions……”
12.06.2014
7
CORPORATE RESPONSIBILITY
Environment Unit
Reports and articles
Reports
•
“Climate change and Greek businesses: Risks and Opportunities”, report
which provides an overview of climate change and its impacts in various
Greek economy sectors.
•
“Climate change and business opportunities”, special report which
estimates investment opportunities arising from climate change in
Greece.
•
“Climate Change and the Financial Sector”, technical report which
describes Piraeus Bank’s innovation regarding the estimation of climate
change impacts.
Academic article
•
Elena Georgopoulou, Sebastian Mirasgedis, Yannis Sarafidis, Vassiliki
Hontou, Nikos Gakis, Dimitri Lalas, Foteini Xenoyianni, Nikos Kakavoulis,
Dimitris Dimopoulos & Vrassidas Zavras (2014): A methodological
framework and tool for assessing the climate change related risks in the
banking sector, Journal of Environmental Planning and Management,
DOI: 10.1080/09640568.2014.899489
12.06.2014
8
CORPORATE RESPONSIBILITY
Environment Unit
Green Banking Portal
Creation of the portal www.greenbanking.gr of
Piraeus Bank, for the promotion of green
business, through showcasing:
•
Good practices adopted by organizations or
enterprises for the reduction of their
environmental footprint (e.g. reduction in
energy or paper consumption) and
•
Enterprises that produce or provide
products or offer services in the field of
green business (e.g. photovoltaics, organic
food, waste management, ecotourism).
12.06.2014
9
CORPORATE RESPONSIBILITY
Environment Unit
Communication and education actions
•
3 e-learning programmes
•
22 workshops with 400 participants in Greece
and abroad
•
Participation in conferences such as a side
event at the UNFCCC held in Doha, Qatar, in
November 2012
•
The climabiz calculator, a simplified version of
the Climate Risk Management Model
http://www.climabiz.gr/calculator
•
Short promotional videos played in the Bank’s
branches and its social media platform (Think
Green)
•
Publication of around 200 press advertisements
12.06.2014
10
CORPORATE RESPONSIBILITY
Environment Unit
Climabiz – Best LIFE Environment project
The climabiz project has been awarded
as one of the 21 Best LIFE Environment
projects in Europe completed by 2013.
The award ceremony took place on
Wednesday, 4 June in Brussels as part of
“Green Week”.
12.06.2014
11
CORPORATE RESPONSIBILITY
Environment Unit
Climabiz – After LIFE
• Further enhancement of the Climate Risk Management Model
• Assessment of climate risk of new portfolio (Piraeus Bank & all the
newly acquired banks)
• New education programmes dedicated to agriculture, biodiversity,
climate change for all employees
• Awareness raising and dialogue with stakeholders in topics related
to agriculture, biodiversity, climate change, business management
12.06.2014
12
Thank you!
12.06.2014
CORPORATE RESPONSIBILITY
Environment Unit