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LAMDA DEVELOPMENT
The ultimate goal is to provide a holistic presentation of the Group’s commitments and performance, enhancing transparency, regulatory compliance, and value creation at every level. The main objectives of Sustainability Reporting are multifaceted and serve both the internal needs of the Group and the external requirements of its Stakeholders.
In summary, the key objectives of preparing annual reports and Sustainability Reports are:
Transparency and Accountability
_Providing reliable information on the organization's environmental, social, and economic performance.
_Strengthening the trust of investors, customers, employees, and society.
_Compliance with Regulations and Standards
_Responding to regulatory requirements (e.g., CSRD, EU Taxonomy, etc.).
_Aligning with other international and national standards such as the GHG Protocol, SBTi, CDP, ISO 14064, GRESB, ATHEX ESG reporting guide, etc.
Performance Evaluation and Improvement
_Identifying areas for improvement in sustainability matters.
_Monitoring progress in relation to ESG (Environmental, Social, Governance) goals.
Strategy and Decision Making
_Integrating sustainability into the overall strategy of the organization.
_Supporting decision-making based on data and ESG risks.
Communication with Stakeholders
_Informing about the organization's impacts and initiatives.
_Enhancing corporate reputation and social contribution.
LAMDA systematically communicates and interacts with its stakeholders, who belong either to its internal or external environment. Within this context, the Group shares its sustainability reports with various stakeholders who have an impact on or are affected by its long-term sustainable development and operations. Indicatively, these include:
_Employees
_Clients, Buyers, Consumers, Visitors & End Users
_Shareholders, Investors & Capital and Financing Providers
_The Wider Society
_Local Communities & Authorities
_Governmental & Regulatory Authorities
_Business Community
_Academic & Scientific Community
Since the company’s establishment to the present day – with holistic and measurable indicators tracked and updated annually from 2018 onwards.
Since 2018, LAMDA has been publishing annual reports that provide a holistic presentation of its ESG commitments and performance, highlighting its positive impact on the planet and its people, in alignment with the United Nations Sustainable Development Goals (SDGs).
In 2018, the Group voluntarily began reporting on its performance regarding sustainable development. From 2024 onward, the Group transitioned to applying the new European directive on sustainability reporting (CSRD). At the same time, the Group conducted a double materiality assessment — a dynamic process that evolves continuously and is regularly conducted to remain up to date and reflect the priority topics of all stakeholders.
In accordance with the new methodology under the European Sustainability Reporting Standards (ESRS), the Group prioritized:
_The topics that have or may have the most significant positive and negative economic, environmental, and social impacts, including human rights across the entire value chain (impact materiality).
_The financial risks and opportunities arising from environmental and social factors for the Group (financial materiality).
The transition from the previous regulatory framework under the Non-Financial Reporting Directive (NFRD) and the Global Reporting Initiative (GRI) Standards to the CSRD framework provides a more comprehensive and standardized approach to sustainability reporting, in line with EU regulations. This shift emphasizes the Group’s efforts to build strong, long-term relationships of trust and mutual benefit throughout its value chain.
It also ensures enhanced comparability for the Group’s stakeholders, while promoting transparency, ethical practices, and sustainability across all its operations.
A summary of the key reports and disclosures published by the Company includes:
_Sustainability Report – CSRD (part of the annual financial report) (since 2024)
_Non-Financial Statement of the Group (part of the annual financial report) (since 2018)
_Sustainability Report (since 2019)
_Sustainable Development Report (as part of the annual review report) (since 2019)
_Green Bond Report (since 2022)
_Disclosures to the Bank of Greece
_Disclosures to the Athens Stock Exchange
The Group collaborates with a range of stakeholders, including Partners, Consultants, Certification bodies (e.g. SBTi, GRESB, CDP, etc.)
Sustainable Development is deeply integrated into the operational model of the organization. Its assurance and the monitoring of the Group’s performance would not be possible without the active participation of all employees, as well as its partners.
The Group operates primarily in Greece, as well as in countries of Southeastern Europe through its subsidiaries.
Since 2018, LAMDA has been publishing annual reports that provide a holistic presentation of its ESG commitments and performance, highlighting its positive impact on the planet and its people, in alignment with the United Nations Sustainable Development Goals (SDGs).
In 2018, the Group voluntarily began reporting on its performance regarding sustainable development. From 2024 onward, the Group transitioned to applying the new European directive on sustainability reporting (CSRD). At the same time, the Group conducted a double materiality assessment — a dynamic process that evolves continuously and is regularly conducted to remain up to date and reflect the priority topics of all stakeholders.
In accordance with the new methodology under the European Sustainability Reporting Standards (ESRS), the Group prioritized:
_The topics that have or may have the most significant positive and negative economic, environmental, and social impacts, including human rights across the entire value chain (impact materiality).
_The financial risks and opportunities arising from environmental and social factors for the Group (financial materiality).
The transition from the previous regulatory framework under the Non-Financial Reporting Directive (NFRD) and the Global Reporting Initiative (GRI) Standards to the CSRD framework provides a more comprehensive and standardized approach to sustainability reporting, in line with EU regulations. This shift emphasizes the Group’s efforts to build strong, long-term relationships of trust and mutual benefit throughout its value chain.
It also ensures enhanced comparability for the Group’s stakeholders, while promoting transparency, ethical practices, and sustainability across all its operations.
A summary of the key reports and disclosures published by the Company includes:
_Sustainability Report – CSRD (part of the annual financial report) (since 2024)
_Non-Financial Statement of the Group (part of the annual financial report) (since 2018)
_Sustainability Report (since 2019)
_Sustainable Development Report (as part of the annual review report) (since 2019)
_Green Bond Report (since 2022)
_Disclosures to the Bank of Greece
_Disclosures to the Athens Stock Exchange
_Enhanced Corporate Reputation:
Strengthens the organization's image as responsible and transparent.
_Competitive Advantage:
Attracts investors, customers, and talent who prioritize sustainability.
_Improved Risk Management:
Identifies and addresses ESG-related risks (e.g., climate change, human rights).
_Internal Optimization:
Enhances efficiency by monitoring resource consumption and performance.
_Regulatory Compliance:
Facilitates alignment with regulatory frameworks such as CSRD, EU Taxonomy, etc.
Benefits for Investors and Financial Institutions
_Access to ESG data for assessing sustainability and long-term value.
_Reduction of uncertainty and increased trust.
Benefits for Society and the Environment
_Greater transparency regarding the organization's impacts.
_Promotion of responsible corporate behavior and sustainable practices.
Benefits for Stakeholders
_Information and engagement on issues that affect them.
_Facilitation of dialogue and collaboration with the organization.