PROFILE SYSTEMS & SOFTWARE S.A.

Climate Impact & Sustainability Data (2023)

Total Energy Consumption:Reduced electricity consumption from 430,690 kW in 2022 to 332,864 kW in 2023

Renovation of offices at 199 Syngrou Avenue, reducing electricity consumption from 430,690 kW in 2022 to 332,864 kW in 2023 and reducing CO2 emissions.
Modernization of company vehicle fleet resulting in lower fuel consumption.

Sponsorship of the student competition RoboChallenge.
Cooperation with "SCALE" for paper recycling and support of the socially weak.
Support of "Think Before Printing" initiative.
Investment in the young generation through various entrepreneurship programs (Regeneration, Job-Pairs, Junior Achievement GR, Alliance for Digital Employability).
Launch of the Stackforce Coding School Fellowship Programme.
Support of various non-profit organizations (Doctors Without Borders, ELEFA, Vision of Hope, ERIC).
Donation of computer equipment to schools and disadvantaged families.

Adoption and implementation of a Corporate Governance System (CGS) in accordance with Law 4706/2020.
Establishment of an Audit Committee and a Remuneration and Nomination Committee.
Implementation of a Sustainability Policy.
Appointment of a Risk Officer and a Compliance Officer.

Risk of reduction in demand due to general recession.
Risk of increased competition from imported businesses.
Risk of technological developments.
Credit risk, especially concerning customers from Africa, Asia, and South America.
Liquidity risk due to uncertain global economic conditions.
Exchange rate risk due to international operations.
Interest rate risk, although considered manageable.
Risks from climate change.
Risks from current developments in Ukraine and Israel.
Risks from the energy crisis.

Development of a wide range of products addressing the international market to counterbalance possible losses in specific market branches.
Emphasis on the design and development of quality and modular products, systematic improvement and adaptability of existing products, establishment of long-term customer relationships, and expansion of activities abroad.
Continuous training and education of staff, development of innovative applications.
Development and evolution of internal mechanisms of operation for credit risk management.
Monthly and quarterly cash flow forecasts, continuous monitoring of cash flows, and reassessment of the liquidity management strategy.
Constant monitoring of foreign exchange risks and taking relevant measures when necessary.
Maintaining controlled exposure to bank borrowings and avoiding exposure to further lending.
Implementation of a sustainability policy focusing on emergency planning, environmental impact assessment, energy efficiency, employee awareness, and partner engagement.
Close monitoring of rapidly changing developments to ensure uninterrupted operation.
Daily monitoring of developments and taking appropriate measures.

Frameworks Used: IFRS

Certifications: ISO (mentioned, but specific standard not specified)

Third-party Assurance: ASSOCIATED CPAs SAINT COMPANY