The Group’s objective is to create value in all of its business activities for all stakeholders (social partners). Respect both towards the environment and human beings contributes to the company’s reputation and ensures for its “social license’’ to operate. The determination of the material issues, which is the result of a continuous engagement with stakeholders, ensures for the effective information and participation of society as well as support and contribution to further economic development.

The Group is committed to creating value through business and social activities. This added value - the social product – is addressed to all stakeholders and contributes to the broader economic growth of our country.

HELLENIC PETROLEUM defines its social product as the financial contribution that is made towards our key stakeholders excluding its consumers/suppliers.

The Group makes significant investments, retains a considerable number of employment positions and contributes to the improvement of the economy in the countries that it operates in through the indirect impact that it has on growth, employment and national product. As a result of its activities, the Group also collects and pays indirect taxes (excise duties and VAT).

Finally, the Group’s contribution to society as a whole through targeted interventions, within the context of its Corporate Social Responsibility, was substantial in which an emphasis was placed on socially vulnerable groups and supporting the young generation.

In 2015, the Group’s turnover was €7,303 m (2014: €9,478 m) while the social product amounted to €1.4bn (2014: €1,8bn) and was distributed as follows:

•  €181m paid to staff (salaries and social benefits)
•  €70m paid directly to the Greek State through direct taxes and insurance contributions, as well as
• €1.1bn of indirect taxes (excise duties, VAT) collected and delivered to the Greek State
• €3.2m given back to society through Corporate Social Responsibility initiatives
• €220m in retained earnings and €433m in reserves

The Group’s Awards & Distinctions

Over the years, the Group has received numerous awards and recognition for its comprehensive approach to corporate responsibility. The ‘’Indicative Awards & Distinctions in 2015’’ Table below presents a selection of the awards and recognition that we received in 2015. These awards and prizes signify the recognition of the policy and strategy that have been built on the three axes of sustainable development: financial performance - environmental management - respect towards society.

Indicative Awards & Distinctions in 2015