ECONOMY

The Sustainability Report 2024 of elin constitutes a full disclosure of the Group’s actions and performance across all of its business units in the fields of Environment, Society, and Corporate Governance. The Report has been published on the company's website: https://elin.gr/media/lysnsntz/elin_apologismos_csr_2024.pdf

Consistent with its vision of shaping a more sustainable future for all and its commitment to promoting sustainable development principles, elin transparently presents its societal and environmental impact, while highlighting the responsible corporate governance practices it implements.

As an integrated energy group with 71 years of presence in the Greek and international energy markets—and as a responsible corporate citizen—elin asserts its position in the new era of sustainability.

The 2024 Sustainability Report, reflects elin’s governance strategy, fully aligned with international frameworks, including GRI 2021 Standards (Global Reporting Initiative Standards 2021). It also includes the specialized disclosures of the Sector Standard GRI 11 (Oil & Gas) and SASB metrics for the petroleum/gas sector, comprehensively addressing industry-specific requirements. The ATHEX ESG Disclosure Guidelines (Athens Stock Exchange) were also incorporated, ensuring compliance with domestic legal requirements and transparency best practices. Moreover, for the first time, elin adopted the new European ESG standards (ESRS)—even in the absence of a legal requirement—as part of early alignment with CSRD Directive requirements, solidifying its position as a pioneer in transparency and responsible entrepreneurship.

The report’s preparation process is characterized by participation, innovation, and strategic precision. Using the ESGenius! platform, in collaboration with ResNovae consultants, the company automated the collection, management, and analysis of ESG data. Performance data are monitored in real time and with enhanced accuracy, boosting data transparency and enabling timely, actionable insights. This digital innovation allowed elin’s Sustainability team to act as ESG strategists rather than mere “data hunters,” as data collection became automated. The result is a Report that directly links ESG metrics to decision-making and business planning. Through this innovation, the resources required were reduced by approximately 60–70%. By adopting and leveraging AI technologies, staff were able to focus on policy development rather than data retrieval.During the preparation of the 2024 Report, a double materiality analysis was carried out to prioritize sustainability topics in collaboration with stakeholders. This ensured the Report focuses on issues that are critical both to business value and to social and environmental impact.

elin’s 2024 Report is not merely a compliance obligation—it is the expression of a deeper vision of a company that invests strategically in a better future for all. The quality of information, accuracy of indicators, alignment with the latest standards, meaningful social contribution, and integration of innovative technological tools all compose a comprehensive approach to ESG reporting—demonstrating elin’s consistent intent to lead substantively and responsibly in transparency and sustainable business.