Our Approach

Report’s Boundaries

Ever since 2005, HELLENIC PETROLEUM Group has published an annual Sustainable Development & Corporate Social Responsibility Report, the objective of which is to improve communication and share information with the company’s social partners (stakeholders).

This year’s 11th annual edition presents the Group’s business performance, taking into account economic, environmental and social perspectives from 01.01.2015 to 31.12.2015.

Our corporate responsibility approach is aligned with the Group’s mission and values and articulates how we see our responsibilities in the areas of health and safety, ethical and transparent business practices, environmentally sustainable operations, a sound working environment and value creation for our shareholders.

The data in this Report is consolidated at a Group level, with minor exceptions in certain areas. Specific environmental indicators are presented in detail for each of the Group’s business units.

In terms of the selection of the Group’s companies included in this Report, we took into account (a) the list of companies included in the Group’s consolidated financial statement (see Annual Financial Report for Fiscal Year 2015, p. 165–168, at http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/BoD%20Report-2015-ENG-NEW_1.pdf) and (b) the relevant materiality assessment complemented with a set of selection criteria (such as participation and control, impacts and risks, sales, number of employees). The result is presented in the following Table; the information and data contained in this Report refers only to these 10 companies within the Group.

Group’s companies presented in the Report

1. HELLENIC PETROLEUM S.A.

2. ΕΚΟ S.A.

3. HELLENIC FUELS S.A.

4. OKTA AD SKOPJE

5. ΗELLENIC PETROLEUM CYPRUS LTD

6. JUGOPETROL AD

7. EKO BULGARIA AD

8. EKO SERBIA AD

9. DIAXON S.A.

10. ASPROFOS S.A.

Methology

G4 guidelines of the Global Reporting Initiative (Comprehensive Level, third party verification). To view an analytical presentation of the G4 indicators, go to      http://sustainabilityreport2015.helpe.gr/en/operational-efficiency-performance/GRI-G4-point/
A relevant table briefly presenting G4 indicators can also be found in Appendix I of this Report.

UNGC criteria (Advanced Level, third party verification) can be found at http://sustainabilityreport2015.helpe.gr/en/operational-efficiency-performance/entries-cop/, where our actions regarding the 24 criteria of the UNGC are presented in detail, (Communication in Progress report, COP).
A relevant table briefly presenting the 24 criteria can also be found in Appendix II of this Report.

The specific GRI’s supplement for Oil & Gas Sector (third party verification) can be found at http://sustainabilityreport2015.helpe.gr/en/operational-efficiency-performance/GRI-G4-point/, while a brief presentation of these indicators can be viewed in Appendix I of this Report.

All of the indicators, measurement units, quantities and sizes — referred to in the report — correspond to measurements and data that have been recorded using the best available practices, internationally accepted standards and international oil industry codes.

No changes in measurement methods in relation to either previous reports or any revisions of information included in previous publications have been made. Additionally, unless otherwise stated, no further limitations, exceptions, reviews or changes exist.

Material Issues and Relevant Activities 

Readers of this Report may also find more comprehensive financial and operational information concerning the Group in the 2015 Annual Report, (http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/AR_EN-SITE-310516.pdf), the Annual Financial Report for Fiscal Year 2015 (http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/BoD%20Report-2015-ENG-NEW_1.pdf ) as well as the Group’s website www.helpe.gr/en/.

In 2015, the Group adopted the Greek Sustainability Code ,which is based on 20 Criteria  (categorized into four pylons) and, in essence, responds to the need for measuring organizations’ economic-environmental and social impact. The Greek Sustainability Code is one of the tools developed under the framework of the initiative named “Sustainable Greece 2020”, the objective of which is to create policies and strategies on Sustainability and Corporate Responsibility. The initiative looks through an extended dialogue to help promote sustainable development and to support the operational and institutional bodies of our country with practical tools and methodologies. The initiative’s strategic goal is also to develop a systematic Dialogue and the creation of methodologies and tools that can support national efforts towards Sustainable Development, on both a micro and macroeconomic level.

A relevant table presenting the Report’s compliance with the Greek Sustainability Code is presented in Appendix IIΙ of this Report.