Governance (G)

C-G1 | Composition of the Board of Directors

Total Number of Board Members 11 - 100%
The percentage of members of the BoD who are women* 2 - 18%
The percentage of BoD members who are non-Executive 3 - 27%
The percentage of BoD members who are independent non-executive 6 - 55%

In accordance with Law 4706/2020, there must be adequate representation of women on the Board of Directors at a rate equal to 25%

In accordance with the relevant decision of the Hellenic Capital Market Commission, in case of any fraction this is rounded to the previous integer.

In the BoD of PPC, 25% corresponds to 2,75 and with the rounding to the previous integer 25% ultimately corresponds to representation on the BoD of 2 women

Included in the 2021 Financial Report/ pg. 80- 89, 99- 100

C-G2 | Sustainability oversight

By decision of the Board of Directors, a Sustainability Committee has been established with representation from the top management (in the context of the TCFD action plan), which will be responsible for overseeing Sustainability and informing the Board of Directors on Sustainability matters, aiming at further enhancing the Board oversight and awareness on such matters. 

C-G3 | Materiality

Sustainability Report 2020
The methodology and results of the latest materiality analysis are presented in pp105-107 of the Sustainability Report 2020.
The updated materiality analysis will be presented in our Sustainability Report 2021, which will be published during 2022.

C-G4 | Sustainable Development Policy

Sustainable Development Policy

C-G5 | Business ethics policy

In an effort to continuously improve its activities at all levels and to adapt to changes in the regulatory framework, based on international best practices, the Company is developing an “Ethics and Compliance” Programme.

A central tool of this programme is the Code of Conduct, which the Company has adopted since 2018, and which was recently revised by the BoD due to changes in the regulatory environment.

This Programme also includes Policies, which specify the principles and values of the business ethics, adopted and applied by the Company.

Specifically, these Regulations and Policies are:
• The Policy against Corruption and Bribery
• the Conflict of Interest Policy;
• the Policy against Violence and Harassment at Work;
• the Enforcement Policy  & Reporting/Complaint Handling Procedure of the Company;
• the Anti- Money Laundering and Terrorist Financing Policy;
• the Personal Data Protection Policy;
• the Human Rights Policy;
• the Related Party Transactions Regulation;
• the Inside Information Management Regulation

The aforementioned Policies, in combination with the revised Code of Conduct, contribute to the promotion of transparency and legal certainty processes within the Company and consolidate a culture of ethics.

Code of Conduct 

C-G6 | Data security policy

Financial Report 2021
p. 62 financial Report

Personal Data Protection Policy of PPC S.A. 

A-G1 | Business model

Financial Report 2021
Business model  p. 45-47

Α-G4 | Variable pay

% variable pay =

=

Variable pay amount in Euro 1.305.685,83

/

Total executive pay, in Euro * 100 14.531.230,82 *100

=

8,99%

Assumptions, hypotheses, restrictions used in the calculation

The amount of the variables is without employer contributions

The total annual remuneration (without employer contributions) of executives has been  calculated  from  the  hierarchy  level  of  Director and higher, given that from this level and up to the CEO they receive variable pay, in compliance with the applicable remuneration policy. In 2021 only bonuses were received, not shares.

A-G5 | External Assurance

The Report is subject to external assurance by an independent body, in accordance with the International Standard on Assurance Engagements ISAE 3000.

The Assurance Statement is available on pages 387 - 392  in the Sustainability Report 2020. 

The same procedure will be applied to the 2021 Sustainability Report.

SS-G2 |   Critical risk management

PPC prepares Emergency Response Plans (SAEK), as a systematic program of recognition and preparation for emergencies, which will protect human health and safety, as well as the Company's property in case of an emergency.

In accordance with PPC's Rules of Operation that provides for emergency protocols, the Occupational Health and Safety Department organizes risk/disaster management training programs and Emergency Response Plan (ERP) drills, to enable the Company’s employees to deal with any emergency conditions/incidents (see 2020 Sustainability Report, p. 222).

Furthermore, in compliance with the legislation (Joint Ministerial Decision 5688/2018), PPC’s environmental studies include a section on risks to human health, cultural heritage or the environment (for example due to accidents or disasters).

At the same time, PPC facilities certified by ISO 14001/2015, implemented in this framework procedures that document how they prepare and prevent the occurrence of accidents and emergencies (accidents, fires, spills, etc.) that may have a significant impact on the environment, as well as how the facilities respond to them.