Lidl Hellas

The purpose of the study is to identify and evaluate the effects of the company's operation in Greece on the economy, tax revenues, employment and society of the country. In the context of this study, the United Nations Sustainable Development Goals (SDGs) are used as a reference point for accountability and strategy.

Driven by innovation, quality and people-centred development across its activities, the company presents its footprint on the economy and society, from investments and resources, and constantly redesigns its processes and strategy, leveraging its competitive advantages.

This is an annual study, carried out after the end of each financial year, which aims to calculate the goodwill generated by the company's business activity in the country and to communicate this information transparently in the context of dialogue with its stakeholders.

Based on transparency and objectivity, Lidl Hellas addresses all stakeholders, as well as interested social and economic actors, in order to form a comprehensive perception of the economic and social value we create in Greece.

It is addressed to the internal and external stakeholders of our company:

Organizational (internal to the company): employees, managers, associations.
Financial (external to the company): customers, creditors, distributors, suppliers.
Social (external to the company): communities, government, non-profit organizations, environment.

The report covers the period March 2021 - February 2022, while communication started in January 2023 and continues until today.

Recognizing the importance of its wider impact on the national economy and jobs, Lidl Hellas wanted to measure its direct and indirect contribution by preparing the sixth consecutive edition of the socio-economic impact report of the company in the country, which covers the period March 2021 - February 2022.
The findings in terms of value added, job support and tax and contribution payments to the Greek state are presented in detail in the study in the form of indicators.

The method used in this study to calculate the socio-economic impact of Lidl Hellas in Greece is based on the input-output model. This methodology allows modelling of the cascading effects within the economy and, therefore, the calculation of value added and jobs throughout the supply chain.

Consequently, direct, indirect and induced effects are calculated on the basis of the specific structure of the Greek economy and the interactions between the different sectors. The primary data (inputs) of the input-output model are the financial results of the company's operations and the other direct effects of Lidl Hellas' activity. The main source of primary data of the input-output model was the database and financial statements of Lidl Hellas (revenues, employees, wages, taxes, payments to suppliers), as well as data from the European Statistical Office (Eurostat). The outputs of the input-output model are the value added and employment generated throughout the value chain of Lidl Hellas in Greece.

The report was prepared with the support of the Climate Change and Sustainable Development department of EY Greece.

For the preparation of the report, executives from EY, the Corporate Responsibility department of Lidl Hellas, the company's financial management and other sectors involved collaborated.

The report was carried out at the offices of the services department of the Climate Change and Sustainable Development Division of EY Hellas.

The total value added to the Greek economy in 2021 was €830 million, corresponding to 0.45% of the country's GDP, while the contribution to the state's tax revenues reached €310 million, corresponding to 0.45% of its total tax revenues. Reference is also made to the support of jobs, of which the total number* in Greece today is 29,823, of which 6,763 are direct, 18,257 indirect and 4,803 induced. Finally, it is noteworthy that the amount of the company's investments in social and environmental actions reached €1,257,000, while the value of the product offering reached €373,000.

The challenges for the future are many and great, but the importance of the work Lidl Hellas is called upon to accomplish every day is even greater. A project that is driven not only by the profitability of the company, but also by the added value of all stakeholders, the well-being of the people and the common interest, for a sustainable future and a better tomorrow for all. The socio-economic impact report demonstrates just that.

Lidl Hellas envisions to become the most sustainable food retailer in Greece. Looking to the future and doing business today, with an eye on tomorrow and future generations. For this reason, sustainability is an integral part of its corporate strategy. It is an active member of society and the economy and understands its role and responsibility towards domestic challenges as Lidl Hellas, but also towards international challenges as one of the Schwarz Group companies. In order to successfully meet these challenges it is constantly developing its sustainability strategy and setting high targets. In this way, it demonstrates its responsibility towards people and the environment.