ENVIRONMENT

BUSINESS: 327 PRACTICES


TOPIC:

Initiative

‘Forests’ Programme

‘Forests’ Programme
SUBMITTED FROM:

MOTOR OIL

Motor Oil was founded in 1970 and the first year of operation of its refinery was 1972.

Motor Oil is a modern energy group that holds a leading role in the field of crude oil refining and the trading of petroleum products in Greece and in the wider Eastern Mediterranean region, while at the same time it is active in the LPG, electricity and natural gas trading sector and in the sector of renewable energy sources.

It has been listed on the Athens Stock Exchange since 2001. It is included in the General index (ATHEX COMPOSITE INDEX), in the Large Cap index (FTSE/ ATHEX LARGE CAP), as well as in the international index FTSE4Good Index Series. Its Refinery is considered one of the most modern refineries in Europe with a complexity rating of 11.54 (Nelson Complexity Index).

www.moh.gr

 

Corporate videos & Statements



Objective Action

-Retention and restoration of biodiversity

-Ecosystem protection

-Retention of gaseous pollutants

-Flood prevention

-Landscape improvement

-Higher quality of locals' lives.

-Regulate environmental stability on air, water, climate and biodiversity.

 

Target Audience

All stakeholder groups and society

 

Duration


Description

In the context of its sustainable transition, Motor Oil Group designed the "Forestry programme". The programme is aligned with the United Nations 2030 Sustainable Development Goals and is part of the Group's commitment to support the European Green Deal, concerning the protection of biodiversity and ecosystem, aiming at sustainable development.

The "Forestry programme" significantly contributes to the following:

Preservation and protection of the natural environment

Restoration of degraded ecosystems and creation of natural value

Combating Climate Change

Promotion of research, technology and creation of social value

The programme holistically addresses forest ecosystems by considering all phases of their lifecycle and strengthening the different levels of biodiversity. "Forests programme" incorporates a wide range of environmental activities, including but not limited to, sustainable reforestation initiatives, environmental research and collaboration with stakeholders for environmental purposes. At the same time, through these initiatives, Motor Oil Group aims at raising society's awareness on environmental issues.

 


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Impact on Society

As part of the "Forests programme", Motor Oil Group has completed the following actions so far:

-Reforestation of 100 acres in Kineta's Panorama 3 of Megara municipality

-Reforestation of 30 acres implemented by drones, in collaboration with the Forest Research Institute and Agricultural University of Athens

-Adoption of the National Warehouse of Forest Seeds (Amygdaleza ginning plant)



Initiative Location

Attica, Greece


Working with Organization

Collaboration with the Forest Research Institute & the Agricultural University of Athens


Workers Participation

YES


Benefits for Οrganization




Connection with Global Goals







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