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2-1 Organizational details |
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Société anonyme - Countries of operation: Greece Bulgaria |
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2-2 Entities included in the organization’s sustainability reporting |
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Please consult the Annual Financial Results for the year 2022 (https://www.dei.gr/media/f0vp4smq/financial-report-2022-eng-final-site.pdf) p. 269-277 |
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2-3 Reporting period, frequency and contact point |
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1/1/2022 - 31/12/2022 Vassiliki Vassiliadi | Sectoral Head of the Sustainable Development Report| Sustainability Department Tel.: +30 210 529 2304 Email: sustainability@dei.gr |
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2-4 Restatements of information |
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2-5 External assurance |
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Please consult the Annexes to the Sustainability Report 2022 p.299 - 310 |
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2-6 Activities, value chain and other business relationships |
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PPC S.A. operates in the production, distribution and sale of electricity. i) The activities served by the value chain include materials – spare parts, fixed support equipment, services, projects, liquid fuels, lignite (tertiary), natural gas, electricity supply and greenhouse gas emission rights. ii) The supply chain includes: Chemical consumables, building / construction materials and derivatives, Construction and projects, Professional services, Facility / building management, Human resources and Corporate Social Responsibility, Information, Cybersecurity and Telecommunications, Leases, Transport, Maintenance, repair services and support, Marketing, Professional services.iii) Consists of the parent company PPC S.A. (has facilities for lignite mining, production and distribution of electricity), the main subsidiaries HEDNO S.A. (efficient operation, maintenance and development of the country's distribution network, the management of the electricity systems in the Non-Interconnected Islands and access to the Network for all energy consumers, scattered producers and suppliers of electricity without discrimination, while at the same time it is called upon to facilitate the orderly operation of the electricity supply market) and PPC Renewables S.A. (has been pioneering, both nationally and at European level, in Wind and Solar Energy since the 80s.), LIGNITIKI MEGALOPOLIS S.A. (lignite mining and electricity generation using lignite) and LIGNITIKI MELITIS S.A. (which included the activity and assets of HPP MELITIS and the mines of Klidiou, Vevi and Lofon Melitis) as well as other direct and indirect subsidiaries. |
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2-7 Employees |
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Number of employees |
8.108 |
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Link: Sustainability Report 2022, Employment of our human capital & Key Performance Indicators, p:133 |
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2-8 Workers who are not employees |
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Number of non-employees |
0 |
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Link: Sustainability Report 2022, Employment of our human capital & Key Performance Indicators ESG, p:133 |
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2-9 Governance structure and composition |
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Link: Sustainability Report 2022, Corporate Governance, p: 245-249 |
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2-10 Nomination and selection of the highest governance body |
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Link: Sustainability Report 2022, Corporate Governance, p: 245-249 |
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2-11 Chair of the highest governance body |
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Link: Sustainability Report 2022, Corporate Governance, p: 245-249 |
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2-12 Role of the highest governance body in overseeing management of impacts |
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2-13 Delegation of responsibility for managing impacts |
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Link: Chapter "Management of Sustainable Development Issues" of the Sustainability Report 2022 p. 48 - 50 |
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2-14 Role of the highest governance body in sustainability reporting |
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2-15 Conflicts of interests |
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The Company, in its effort to eliminate the conflicts of the Board members, has established a Conflict of Interest Policy. According to this, all members of the Company's Board of Directors and any third party to whom responsibilities have been assigned, must, through the Secretariat of the Board of Directors, notify, in time and in writing, any direct or indirect conflict of interest that they are aware of. The member involved is not entitled to vote on matters in which there is a direct or indirect conflict of interest ("abstention rule"). The Secretariat draws up a register of conflicts of interest, which is constantly updated. For the year 2022, the "abstention rule" was applied in 4 meetings of the Board of Directors where a total of 6 members of the Board of Directors did not vote. Link: Sustainability Report 2022, Corporate Governance, p: 252 |
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2-16 Communication of critical concerns |
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Link: Chapter "Management of Sustainable Development Issues" of the Sustainability Report 2022 p. 48 - 49 |
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2-17 Collective knowledge of the highest governance body |
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Link: Chapter "Corporate Governance" of the Sustainability Report 2022 p. 248 - 249 |
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2-18 Evaluation of the performance of the highest governance body |
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The Board of Directors and its committees are evaluated based on the "Policy and Procedure for Assessing the Suitability and Effectiveness of the Board of Directors and its committees". Link:Chapter "Corporate Governance" of the Sustainability Report 2022 p. 251 |
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2-19 Remuneration policies |
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Regarding the remuneration of the members of the Board of Directors, it is defined and follows the procedures and standards mentioned in the revised Remuneration Policy. The degree of achievement of the objectives of the executive members of the Board of Directors is certified after the audit and final approval of the Group's financial statements. Until the end of the year 2022 there was no change in the salaries of the executives. Link: Chapter "Corporate Governance" of the Sustainability Report 2022 p. 252 |
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2-20 Process to determine remuneration |
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Regarding the remuneration of the members of the Board of Directors, it is defined and follows the procedures and standards mentioned in the revised Remuneration Policy. The degree of achievement of the objectives of the executive members of the Board of Directors is certified after the audit and final approval of the Group's financial statements. Until the end of the year 2022 there was no change in the salaries of the executives. Link: Chapter "Corporate Governance" of the Sustainability Report 2022 p. 252 |
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2-21 Annual total compensation ratio |
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6,78 excluding employer’s contributions. Link: Sustainability Report 2022, Protection of Human Rights & Key Performance Indicators ESG, p: 191 |
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2-22 Statement on sustainable development strategy |
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Link: Chapter "Messages to Stakeholders", of the Sustainability Report 2022, p. 12 - 18 |
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2-23 Policy commitments |
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The Code of Conduct approved by the Board of Directors is the set of corporate principles, values and rules, which aims to primarily direct and guide the behavior of executives and employees, regarding the Company's requirements for establishing a culture of ethics and ethics, either imposing an obligation of behavior or/or referring to regulations already established through Regulations/Policies approved by the Board. In addition, it defines and communicates to third parties, the Company's demands towards it, in the context of their cooperation. Link Chapter "Business Ethics and Regulatory Compliance", 2022 Sustainability Report p. 262 - 264 |
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2-24 Embedding policy commitments |
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All members of the Senior Management, as well as the Company Executives, are responsible for overseeing the proper implementation of the Code of Ethical Conduct and the Company's Policies/Regulations. At the same time, the Compliance Department, within its jurisdiction, and the Internal Audit Department conduct audits to ensure the correct application of them. Link: Sustainability Report 2022, Business Ethics and Regulatory Compliance, p: 262-264 |
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2-25 Processes to remediate negative impacts |
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The Company, by virtue of the Enforcement Policy & Report/Complaint Handling Procedure, encourages and urges its executives, employees and associates to immediately report cases of violations and inappropriate behavior, as well as any act or behavior that deviates from the appropriate, as described in as above Code and in all PPC regulations, policies and procedures. Link: Sustainability Report 2022, Business Ethics and Regulatory Compliance, p: 262-264 |
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2-26 Mechanisms for seeking advice and raising concerns |
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The Company, under the Enforcement Policy & Report/Complaint Handling Procedure, encourages and urges its executives, employees, and associates to promptly report cases of violations and inappropriate behavior, as well as any act or behavior deviating from the appropriate, as described in the above Code and all the regulations, policies, and procedures of PPC. The responsibility for the reception, initial assessment, and monitoring of the entire process lies with the Compliance Department and one of its executives designated as the Complaints and Reports Manager (CRM). The CRM is tasked with managing the channel for complaints/reports. The communication channels for reports and complaints within the Company are: via email at the address whistle&speakup@dei.gr
Link: Sustainability Report 2022, Business Ethics and Regulatory Compliance, p: 262-264 |
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2-27 Compliance with laws and regulations |
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During the same period, there were zero fines for non-compliance with laws and regulations, while one fine of €3,100,000 was issued in 2022 by the RAEWW, pending before the Administrative Court of Appeals of Athens. Link: Sustainability Report 2022, Business Ethics and Regulatory Compliance, p: 262-264 |
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2-28 Membership associations |
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Link: Chapter "Memberships and Affiliations" of the Sustainability Report 2022 p. 36 |
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2-29 Approach to stakeholder engagement |
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Link: Sustainability Report 2022, Coorporation with the interested parties, p: 56 |
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2-30 Collective bargaining agreements |
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Number of employees covered by collective labor agreements |
6.871 |
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Percentage of all permanent employees covered by collective labor agreements |
84.7% |
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Link: Sustainability Report 2022, Employment of our human capital p: 133 |
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3-1 Process to determine material topics |
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Link: Chapter "Materiality Analysis" of the Sustainability Report 2022 p. 57 - 71 |
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3-2 List of material topics |
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Link: Chapter "Materiality Analysis" of the Sustainability Report 2022 p. 57 - 71 |
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3-3 Management of material topics |
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Link: Chapter "Materiality Analysis" of the Sustainability Report 2022 p. 57 - 71 |
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201-1 Direct economic value generated and distributed |
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Direct economic value generated (1) |
10,933,124 |
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Direct economic value distributed (2) |
10,972,900 |
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Non distributed economic value (1) - (2) |
(39,776) |
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Investments |
206,095 |
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201-2 Economic impacts and other risks and opportunities due to climate change |
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Link: Sustainability Report 2022, Response to Climate Change, p: 88 |
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201-3 Defined benefit plan obligations and other retirement plan |
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Link: Sustainability Report 2022, Employment of our human capital, p: 145 |
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203-1 Infrastructure Investment and services supported |
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The total investments of PPC S.A, for the year 2022, amounted to €206,095 million. Link: Sustainability Report 2022, Economic Performance and Business Development, p: 31 |
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205-3 Confirmed incidents of corruption and actions taken |
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0 |
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Link: Sustainability Report 2022, Fight against Corruption and Bribery, p: 268 |
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206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices |
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0 |
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Link: Sustainability Report 2022, Fight against Corruption and Bribery, p: 268 |
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