PPC has improved its rating in the ATHEX ESG Index’s “ESG Transparency Score”, achieving a positive score of 91 percent following an extensive analysis of a series of Environmental – Social – Governance (ESG) criteria.
In total, 52 indicators are assessed, corresponding to 86 points for individual data, and at least 55 data types are taken into account for the assessment of each sector. Based on the aforementioned methodology, an increased weight is attributed to the existence of an external verification of the ESG information provided by a company, as well as the existence of internal systems and controls for ESG oversight and Sustainability Policy. These aspects are considered particularly important during the assessment, as they demonstrate that there is a mechanism and procedures in place to manage ESG aspects and to increase the credibility of the data.
In the same context, the publication of a Sustainability Report is positively assessed, being considered a relevant indication of the importance a company attaches to ESG principles and communication with all stakeholders.
The 91 percent rating obtained by PPC in the ATHEX Transparency Score confirms the importance the Group attaches to its ESG strategy.
PPC is the leader in the electricity market in South-Eastern Europe.
By 2027, the PPC Group will invest over 10 billion Euros, mainly in green energy, network modernization and technological innovation. PPC Group will develop 6.3 GW of renewable energy (RES) in Greece and the wider South-Eastern Europe region, with the goal of reaching 11.8 GW of installed capacity from renewable sources (RES) in 2027. The energy planning focuses simultaneously on phasing out by 2026 and significantly reducing production from oil-fired power plants, with the Group aiming to reduce direct carbon dioxide (CO2) emissions by 80 percent between 2019 and 2027.