MOTOR OIL

Strengthening the Group's corporate governance through the creation of a support mechanism for the Board of Directors to make the right strategic decisions and monitor risks/opportunities and performance regarding ESG criteria and Sustainable Development.

All interested parties (Investors, Banks, Analysts, customers, etc.)

On going 

The Sustainable Development Committee was established in June 2021. Its role is to support the Board, oversee and approve the sustainable development strategy, monitor the integration in the processes, define ESG objectives, identify risks and opportunities, decide on corrective actions and monitor the performance of ESG criteria and sustainable development of the MOTOR OIL Group. The committee is also responsible for approving, monitoring and overseeing progress towards climate-related goals (decarbonisation plan). Its members are executive and independent members of the Board.

Publicly available information: https://www.moh.gr/enimerosi-ependyton/eteriki-diakivernisi/epitropes/

NO 

Executive and non-executive members participate in the committee, it is chaired by the CEO and supported by the general managers, the ESG working group (including managing directors), department managers, as well as company representatives on ESG matters.

Company Facilities

We managed to be upgraded to the 3 largest ESG rating agencies

MSCI, Sustainalytics and ISS

-Transparency in decision-making

-Organization

- Ensuring credibility with stakeholders

- Ensuring ESG integration in the Group's operations

-Better management of corporate responsibility and sustainable development goals