The validity of PPC Group’s short-term and long-term targets for reducing greenhouse gas emissions was certified by the international Science Based Targets initiative (SBTi) after a thorough evaluation process.

SBTi considered that the greenhouse gas emission reduction targets submitted by PPC Group are fully aligned with the 1.5°C target, in line with the Paris Agreement, and achieving full climate neutrality across the value chain by 2040.

As stated in the relevant announcement, with the official validation of its goals by SBTi, PPC Group now belongs to the group of approximately 3,600 companies and financial institutions of international scope that are on track to achieve climate neutrality, while at the same time being the first energy group, in Greece, which achieves the specific evaluation.

The President and CEO of PPC Group, Mr. Georgios Stassis, said: “With the validation of the decarbonization targets by SBTi, PPC Group is officially on track to achieve climate neutrality by 2040, while at the same time keeping pace with the goal of the Paris Agreement to limit the rise in temperature to 1.5°C. Since 2019, we have been steadily implementing the Green Deal in power generation, with the withdrawal of lignite units and the rapid development of our RES portfolio, as a necessary condition for the Group’s energy transformation but also as an important pillar of the national effort to mitigate climate change. We are committed to our goal by integrating into our strategy the creation of shared value for the environment, society, investors and our customers.”