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For the fiscal year 2024,  PPC Group published, for the first time, its Sustainability Report in alignment with the European Sustainability Reporting Standards (ESRS), as required by the Corporate Sustainability Reporting Directive (CSRD) and Greek Law 5164/2024. The Sustainability Report has been prepared on a consolidated basis, with its scope aligned with the scope of the PPC Group’s financial statements. The reporting perimeter includes 75 entities, comprising the parent company PPC S.A. and its direct or indirect subsidiaries. The report covers the same activities, as well as the upstream and downstream value chain of the PPC Group.

The Sustainability Report records not only the Group’s performance on ESG matters but also how the Group implements its business plan through the lens of its strategic pillars of Sustainable Development, specifically focusing on decarbonization, operating with a positive impact on nature, and creating shared socio-economic value. More specifically, through the Sustainability Report, the policies, actions, and performance indicators of the PPC Group regarding environmental, social, and governance matters are presented.

Through the Sustainability Report,  PPC Group aims to provide transparent and well-documented information to all its stakeholders — including current and potential investors, customers, employees, suppliers and business partners, affected communities, as well as the relevant regulatory and supervisory authorities.

Placing Sustainable Development at the core of its operations, the PPC Group published on March 26, 2025, its first Sustainability Report for the fiscal year 2024, as an integral part of the Annual Financial Report. Fully aligned with the European Sustainability Reporting Standards (ESRS) and fully compliant with the CSRD Directive and Law 5164/2024, Sustainability Report presents how the Group manages material ESG issues identified through the Double Materiality Assessment (DMA), and reflects the impacts, risks, and opportunities through a series of criteria and selected indicators based on the European Sustainability Reporting Standards (ESRS).

The coordination of subsidiary companies, collaboration with a broad network of colleagues, and adaptation to new, stricter timelines and schedules—since the Report was published six months earlier than the Group’s previous Sustainability Development Report—constituted significant milestones in this initiative.

To support the development process of the Report’s content, a specialized digital platform for ESG data collection and management is used, further enhancing the reliability of these data, which have been audited by the certified auditor.

The development and eventual publication of the 2024 Sustainability Report is the result of a collective effort. Representatives from the Sustainable Development network across all Group subsidiaries contributed to the recording and collection of qualitative and quantitative data regarding the organization’s performance, organized by ESRS thematic areas. To better understand the requirements and expectations of the new European Standards, targeted trainings were conducted for each subsidiary company.

Furthermore, regarding the implementation of the Double Materiality Assessment, internal stakeholders from all of the Group’s business sectors were identified, capable of providing information about the affected stakeholders. For the impact assessment, experts from all of the Group’s functions and geographic locations were appointed to evaluate and validate the identified impacts. Their selection was based on their expertise, enabling them to provide valuable insights about the impacts, offer perspectives on the views of affected stakeholders based on their daily involvement, and assess the adequacy of the mechanisms and thresholds used for impact evaluation.

The Sustainability Report includes the performance results of the PPC Group, aiming to inform all stakeholders.

In the Environmental (E) dimension, significant outcomes were recorded, such as the completion of reclamation of lignite areas totaling 601.90 hectares and achieving a 99% rate of electricity production from units certified with Environmental Management Systems. Furthermore, alignment with the European Taxonomy Regulation enhances transparency and the green transition, with turnover of 9.6%, CapEx of 36.8%, and OpEx of 23.4% from eligible and aligned activities.

In the Social (S) pillar, equality was strengthened with 32% of the workforce and 35.2% of managerial positions held by women, while the gender pay gap stands at 4.7%. Training was enhanced with over 130,000 hours delivered through the new DEI Learning platform, and social contribution was reflected through sponsorships and donations exceeding €19 million.

In the Governance (G) area, corporate culture was reinforced through initiatives such as the anti-corruption campaign, implementation of e-learning compliance programs, and development of a digital platform for submitting Compliance Declarations. At the same time, through participation in national and international networks (CSR Europe, Global Compact Network Greece, CSR Hellas, etc.), the Group actively contributes to the dissemination of sustainable practices within the business ecosystem.

The publication of the first Group-level Sustainability Report represents one of the most significant achievements of 2024, having been completed in a shorter timeframe than any previous related effort. The report development process highlighted the Group’s organizational readiness, further strengthening cross-departmental collaboration and communication among the Group’s subsidiaries, under the coordination of the Sustainable Development department of the parent company.

At the same time, the implementation of a unified methodology for calculating key performance indicators (KPIs) and the utilization of the digital platform were important steps towards standardizing the collection and management of ESG data.