Recognising the essential role it plays in the green transition and energy infrastructure of Southeast Europe, the PPC Group implements its Sustainable Development Strategy based on the "Creating Shared Value" (CSV) model, maximising the positive and minimising the negative impacts of its activities, creating shared value for the Group, the Society and the Environment.
The PPC Group's Sustainable Development Strategy is based on three main pillars:
The three pillars of the Sustainable Development Strategy are linked to the Group's Integrated Business Model and constitute the reference points for the implementation of all business decisions, while taking into account the "do no significant harm" principle.
The integration of the principles and practices of Sustainable Development into the Strategy, business model and operation of the PPC Group is an ongoing and evolving effort, accompanied by significant investments in key areas. To this end, the Group is implementing investments related to energy transformation and the achievement of green transition targets, as well as investments related to its human resources, affected communities and society at large, contributing to a just transition.
The PPC Group is also investing in the development of international and national initiatives and partnerships that promote sustainable development, by adopting ambitious commitments that position the PPC Group as a catalyst for synergies with the aim of consolidating and disseminating sustainable development principles and practices across the operations of the Group and its subsidiaries, as well as throughout the broader business ecosystem (value chain).
This Sustainable Development Policy has been designed in accordance with the "Creating Shared Value" (CSV) model, while meeting the priorities set by the Group regarding the principles of the United Nations Global Compact, the UN Sustainable Development Goals (SDGs), the European Taxonomy, the National and European Strategies for Climate and Energy, as well as the OECD Guidelines (Organisation for Economic Co-operation and Development) for Multinational Enterprises. By implementing the Sustainable Development Policy and its principles, the PPC Group integrates sustainability into its business model and operations, while proactively managing its environmental and social impacts. The Group sets the framework for the integration of the Sustainable Development Policy through the gradual harmonisation and adoption of its Principles by its subsidiaries, adapting its content based on the nature of their activities, taking into account the applicable regulatory framework in the country in which they operate.
The Sustainable Development Policy is linked to the Group's Policies concerning the implementation of the Sustainable Development Strategy, as it establishes a coherent framework of sustainability principles and commitments that must govern the procedures and actions developed and specified within the Group for related issues.
In line with the above and always with a view to implementing the commitments set out in the pillars of its Sustainable Development Strategy, the Group has adopted the Double Materiality Assessment (DMA) process, which it implements in accordance with the requirements of the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). This process takes into account the needs and expectations of stakeholders, identifies and assesses the impacts, risks and opportunities for material issues, and establishes measures to continuously improve the Group's results and its ability to create shared socio-economic value over time.
Furthermore, the Sustainable Development Policy supports the adoption of qualitatively and quantitatively measurable and science-based targets in order to achieve the targets of the Group's Sustainable Development Strategy.