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Πυλώνας | ΟΙΚΟΝΟΜΙΑ | |||
ΘΕΜΑΤΙΚΗ ΕΝΟΤΗΤΑ | Στρατηγική Βιώσιμης Ανάπτυξης | |||
MOTOR OIL |
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MOH Group Sustainability Strategy | ||||
Developing an effective sustainability strategy to support our energy transition and continuous improvement of our ESG performance |
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Investors, financial institutions, shareholders, regulatory bodies, government, public |
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on going |
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The Group’s Sustainability Strategy is designed around the following pillars: 1. Decarbonization and Energy transition 2. ESG impact assessment 3. Stakeholders’ engagement and Materiality 4. EU taxonomy Alignment 5. Targets and KPIs monitoring 6. Transparency, Reporting and Communication
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Results on Decarbonisation and Energy Transition:
Results on ESG impact assessment 1. ESG impact assessments were actively carried out at 30 projects 2. The Group developed a Climate Risk Management framework as part of an Integrated Risk management model which includes policies, procedures, and tools to identify, assess and manage climate related risks. The framework is designed based on TCFD and SASB guidelines for the Oil & Gas sector and applies to investments, operations, and supply chain activities. 3. Specifically, the Group includes metrics on climate-related risks associated with water, energy, land use, and waste management where relevant and applicable (see ESG table), including: a. Proportion of executive management remuneration linked to climate issues. b. Amount of capital expenditure, financing, or investment deployed toward climate related risks and opportunities. c. GHG Emissions Absolute Scope 1, Scope 2, and Scope 3; emissions intensity. d. Total fresh water withdrawn; total fresh water consumed. e. Proportion of revenue, assets, or other business activities aligned with climate-related opportunities. f. Internal carbon pricing 4. All community contribution projects went through ESG impact assessment Results on EU taxonomy Alignment The translation of environmental performance into financial variables (Turnover, CapEx and OpEx KPIs) allows our investors and financial institutions to have clear and comparable data to help them with their investment and financing decisions. Taxonomy eligible activities: Turnover (0,6%) - Capex (47,1%) - Opex (2,9%) Taxonomy Non Eligible Activities: Turnover (99,4%) - Capex ( 52,9) - Opex (97,1%) Results on Targets and KPIs monitoring
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Upgraded to A at the MSCI |