Sustainable Development

Sustainable Development Department

In September 2021, following a decision of the CEO of PPC S.A., the Company proceeded to the establishment and formation of the Sustainable Development Department, directly falling under the CEO in order to highlight the importance that the company's Management attaches to sustainable development issues.

The mission of the Sustainable Development Department is the following:

  • Contributing to the formulation of strategy, policy, practices, standards, operations and products/services based on the Sustainable Development principles and the creation and measurement of the shared benefit and value (Creating Shared Value) that results for the benefit of all stakeholders, the Environment, society, customers and the Group’s employees. Moreover, contributing to the creation of the culture required for the transformation of the Group in order to become more resilient and to better respond to the management of risks and opportunities (climate crisis, energy transformation).
  • Implementing international best practices, standards and systems based on the sustainable development principles, including the appropriate ESG reporting and disclosure frameworks in cooperation with the Company's financial services and all relevant Divisions/BUs that set goals and provide data on a record – report – reduce basis in order to publish indicators that help the Company raise funds from the markets. Moreover, harmonizing similar practices in all Group companies and especially in the largest subsidiaries.
  • Formulating a framework that will ensure the long-term sustainability of the Group and contribute to the progress of Greek society, through the enhancement of the 17 Sustainable Development Goals set by the UN.
  • Setting and monitoring the annual sustainable development/ CSV goals for all the Divisions/BUs and operational units the Group, in collaboration with them.
  • Developing evaluation criteria, actions and initiatives to highlight the Group's Corporate Responsibility to all stakeholders and measuring the benefits generated by them.

 

At the same time, the Sustainable Development Department, in cooperation with the financial Services of the Company and all competent Divisions/Business Units, is in the process of establishing a strategy and elaborating a sustainable development action plan based on Creating Shared Value (CSV) with the aim of their full integration in the business strategy, the operational model and the value chain of PPC and the wider Group.

Part of this project is also the implementation, consistently in cooperation with the Company's financial Services and all competent Divisions/Business Units, of the Environmental and Social Action Plan (ESAP), which was established in the framework of PPC's cooperation with the European Bank for Reconstruction and Development (EBRD) and which includes a series of measures, policies and practices concerning the environmental, social/labour and corporate governance of the Company. The ESAP also includes full integration and compliance with the TFCD recommendations on climate-related financial disclosures of the Financial Stability Board, as well as a transformation across all thematic areas of the framework of recommendations (Governance, Strategy, Risk Management, Metrics and Targets) to optimize the management of climate-related risks.

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