In an era where Sustainability is not a simple commitment but a tool for the transformation of entire industries, the mining activity is increasingly focused on creating value for all social partners. Greek Gold, as a historical mining company that develops the larger mining investment $3 billion at Kassandra Mines in Halkidiki, invests in an operating model where economic growth goes hand in hand with transparency, accountability, environmental and social responsibility. In this context, it presents the Sustainability Report for 2024, reflecting its performance and priorities, on essential issues of interest to its social partners.
Significant contribution to the economy
In 2024, Hellinikos Chrysos distributed in total 439.4 million euros strengthening the Greek economy, supporting local communities and promoting responsible practices at every level of its activity. Of these, 334.3 million euros were directed directly to contractors, suppliers and other service providers, highlighting its significant contribution to economic activity in general and the creation of indirect and induced jobs.14.2 million euros were attributed to the Greek State, of which 5.1 million euros were allocated directly to the Municipality of Aristotelis through mining fees (and derive from the activity of 2023), significantly enhancing public revenues and the development potential of the region.
Employment and human resource development
As the largest employer in the area, with 2,528 jobs at the end of 2024 and 112 new hires during the year, Greek Gold invests in people who are trained, develop and are given the opportunity to live and stay in their place. In 2024 they were recorded 33,291 hours of training, of which 19,605 related exclusively to Health and Safety programs, with investments in this sector exceeding 2.6 million euros.
Man and society at the center
At Hellinikon Chrysos, every social action is considered essential only when it is designed together with the local community, so that it responds to real needs.
In 2024, the company allocated 2.47 million euros in 137 Corporate Responsibility actions, effectively strengthening social cohesion and the quality of life in the area where it operates. Over 90% of the investments (2.2 million euros) were directed exclusively to the Municipality of Aristotelis, while they took place 367 consultation actions with agencies, associations and residents confirming the company’s commitment to the power of local development through open social dialogue.
Health and education facilities in the foreground
Knowledge is the most essential form of development and for Greek Gold it is a priority. In 2024, the company invested 647,000 euros in educational programs that enhance young people’s learning, creativity and skills, paving the way for a more dynamic academic path. At the same time, the company allocated over 203,000 euros for upgrading health facilities, the modernization of equipment and the support of vulnerable groups, enhancing the quality of life in the local community.
Environmental Management
Investments in one of the company’s constant priorities, the integration of practices and projects that ensure the optimal environmental management in its operation, amounted to 6.7 million euros. The environmental remediation program continued with the transfer of 288,000 tons of old mining waste from the past activity of previous owners of the mines, while water recycling increased by 19.8%, compared to 2023.
A society of equal opportunities
Through research in the Municipality of Aristotelis, the need for further support of working mothers was identified, paving the way for new programs and benefits that promote the balance between professional and family life. The 14.2% of the company’s human resources are women, a rate that is steadily increasing, reflecting the company’s commitment to equal opportunities at work, through a culture of inclusion.
Sustainable development for Greek Gold is not a static concept, but a continuous process of transformation. From training programs and supporting local communities, to targeted environmental actions and ensuring equal opportunities at work, each initiative is part of an integrated sustainability plan, demonstrating in a transparent and documented way that modern mining activity can be simultaneously economically efficient, environmentally responsible and socially just.
Source: Skai
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