ESG score higher than industry average – Significantly improved ESG Score compared to last year
The FTSE4Good Index Series sustainable development index was joined by PPC, as assessed by FTSE Russell, a global index and data provider owned by the London Stock Exchange Group. PPC, with its inclusion in the FTSE4Good index, is among the leading companies internationally with significant performance in matters of Environment, Society and Corporate Governance (ESG).
In particular, PPC was evaluated in matters related to Society and Corporate Governance, surpassing the average of companies in the sector. In the Environment pillar, PPC’s assessment was equivalent to the average of utility companies. Finally, PPC’s overall rating shows a significant increase compared to last year, as a result of the improvement of the company’s assessment in the ESG pillars.
The FTSE4Good Index Series is designed by FTSE Russell to measure the performance of companies that demonstrate strong environmental and social practices, as well as governance practices based on internationally recognized standards. FTSE Russell has produced a number of indices for various asset classes, which are widely recognized by the global investment community.
The positive assessment of PPC and its inclusion in FTSE4Good is yet another confirmation of the Group’s ESG strategy.
PPC Group: green vision and ESG strategy for a sustainable future for all
PPC Group is on a continuous path of “green” transformation into an economically and environmentally sustainable, modern and digital organization, aiming to maintain a leading position in renewable energy sources in Greece, as well as to further establish it in Southeastern Europe, always with full responsibility towards maintaining its role as a valuable social partner in the markets where it operates.
In this context, it makes every effort to ensure the coverage of the energy needs of the countries where it operates, by providing green, reliable and affordable services.
Specifically, PPC Group, aiming for net zero greenhouse gas emissions (Net Zero) by 2040, is turning to RES with investments amounting to €9 billion for the period 2024-2026, mainly related to green forms of energy and upgrading of the distribution networks, in Greece and in Southeast Europe.
With these investments, PPC Group aims to reduce direct CO 2 emissions by 75% by 2026, compared to 2019, making energy production greener and promoting the energy transition in Greece and wider SE Europe.
At the same time, special emphasis is placed on the protection of the environment and the preservation of natural resources, as well as the protection of human rights in the areas of its activities.
PPC Group’s goal is to create value for the economy and improve its positive impact on society, taking into account the needs of all stakeholders, shareholders, employees, customers, suppliers, as well as the wider society.
Source: Skai
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