Hellenic Bank voluntarily adopts Corporate Sustainability Reporting Directive

Press Release 11:23 - 14 April 2025

Financial Services

Hellenic Bank, a member of Eurobank Group, announced that it is the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), "setting a new benchmark for transparent and comprehensive sustainability reporting".

Recently, Hellenic Bank published its Sustainability Statement for the year ended 31 December 2024.

Key highlights from the Sustainability Statement include:

Environmental Initiatives: information on energy consumption, greenhouse gas emissions, climate change mitigation actions, biodiversity and ecosystems, and waste management efforts.
Social Responsibility: Insights into workforce-related matters, human rights, data privacy, social inclusion, and consumer-related impacts.
Governance Practices: Information on business conduct, corporate culture, and the roles of administrative, management, and supervisory bodies.

Looking ahead, the Bank plans to further enhance its sustainability efforts, by setting targets for reducing greenhouse gas emissions, increasing social inclusion programs, and strengthening governance practices in collaboration with Eurobank Group.

"Hellenic Bank is committed to its ESG strategy goals and consistently plans actions to improve its impact on environmental sustainability, social responsibility, and corporate governance. By voluntarily adopting these standards ahead of their legal requirement, Hellenic Bank demonstrates leadership in sustainability and sets a benchmark for other companies in Cyprus," it concluded.

The Sustainability Statement can be found in the 2024 Annual Financial Report.

Hellenic Bank voluntarily adopts Corporate Sustainability Reporting Directive

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