2015 Sustainable Development & Corporate Responsibility Report


Regarding the monitoring and reporting of GHG emissions, the HELLENIC PETROLEUM Group systematically monitors the direct CO2 emissions (Scope 1) as well as the indirect emissions (Scope 2 and 3) to the maximum extent of its activities.

As concerns Scope 1, the Group's refineries participate, since its formation, in the EU’s Emissions Trading System (EU ETS), while as of 2013 follow all procedures for monitoring, calculation and verification of emissions according to the pertinent regulations of the third phase of the EU ETS for period 2013-2020.

It is underlined that, during EU ETS 3rd Phase, the compliance costs have increased significantly, due to the smaller number of free allowances allocated in relation to the actual emissions.

It is noted that the future of EU ETS will directly depend on its planned structural reform, as well as on implementation of overall EU’s policies on energy and climate. The Group monitors closely the developments and participates in the pertinent consultation, so as to protect the competitiveness of European refining.

The following Figure presents the verified CO2 emissions of the three refineries, for 2014 – 2015, as well as the free allowances allocated for 2015.

Regarding indirect emissions, it is indicatively referred that the Group estimates the CO2 emissions from sea transport of raw materials and products and the carbon footprint (carbon footprint project) of all activities in the Group's office buildings (headquarters and Aspropyrgos, Elefsina and Thessaloniki refineries - Certification MyClimate).

In the framework of calculating Group office buildings carbon footprint, a research on employee commuting (contribute around 20% of the total carbon footprint - CO2 emissions) was held in 2015. Indicatively, based on the research, about 17% of all employees in the offices use public transport and/or company buses, avoiding private use cars or motorbikes.

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