ESG Policy & Sustainability

Enviromental Social Governance

What does ESG mean?

By establishing the goals of sustainable development of the United Nations (United Nations, “Transforming our world: The 2030 Agenda for Sustainable Development,” 2015), a new understanding of the role of companies and the need to publicize and manage the risks and opportunities associated with sustainable development has been formed. Indexes that measure performance in terms of environment, society and corporate governance reflect the ability of companies to put into practice their responsibility towards the environment, society, corporate governance, and sustainability in general.

BlackRock Investment Institute, with data from the IMF, February 2020. Notes: Data are based on IMF staff calculations using Bloomberg Finance data. The data for 2019 are as of June, the latest available set. The chart shows global ESG mandated funds only.

Advantages of ESG implementation

In essence, ESG refers to the 3 key factors in measuring the ethical, social and environmental impact of an investment in a company or business. Supervisors, stock exchanges and institutional investor associations promote and in most cases require the adoption and integration of ESG factors into business practices and the corresponding disclosure of information they require. Capital markets now chose to channel capital flows to companies that respond to the adoption of ESG practices and make the relevant information public.

Who are we addressing?

We address not only companies listed on the Athens Stock Exchange, but also companies that seek to be listed on it, mainly after the enactment of law no. 4706/2020 which now requires the tightening and adoption of additional corporate governance measures with the mandatory implementation of a Corporate Governance Code. In addition to that,

We are also addressing companies that want and seek guidance in preparing a sustainable development report or companies are interested in improving their approach to sustainable development (economic, environmental, social) in line with the international standards for sustainable development (GRI Standards). In addition to the above, we are addressing companies that fall within the scope of the European directive on the disclosure of non-financial information (NFR Directive 2014/95/EU), which requires them to disclose such information in the Management Report.

Purpose of the espousal of ESG practices and sustainable development

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