Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economy
• Environment
• Social

Environmental Achievements

• Reduced CO2 emissions from 4,936.94 metric tons in 2016 to 5,359 metric tons in 2017 (Note: This seems contradictory, further investigation needed).
• Used renewable energy sources to cover approximately 20% of Oinofyta building facilities' cooling power needs.
• Completed energy improvement project at Group headquarters.

Social Achievements

• Main sponsorship of the men's and women's national polo teams.
• Various social actions involving product donations and financial support to local communities and NGOs.
• Established a blood bank in cooperation with Estee Lauder Hellas.

Governance Achievements

• Applied rules and practices based on its own Corporate Governance Code.
• Adopted principles of responsibility, transparency, ethics, respect for stakeholders' interests, respect for law, respect for international rules of conduct, respect for human rights, and provisions against bribery and anti-corruption issues.

Climate Goals & Targets

Environmental Challenges

• Adverse economic conditions.
• Waste management in some subsidiaries.

Mitigation Strategies

• Balanced allocation of resources and cost-saving initiatives.
• Strategic priorities focused on new product development, geographical expansion, increasing scale, improving costs, and brand acquisitions.
• Implemented waste management procedures in various locations, including recycling initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Approximately 60% of procurement amount spent in local communities.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 (In Accordance Core)

Certifications: ISO 9001:2008, ISO 22716:2007, ISO 9001:2008 and ISO 13485:2003 (for marketing and distribution of personal health medical devices), ISO 9001:2008 (Polipak)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• «Business Leaders in Greece» Award
• First class award in cosmetics industry by SALUS INDEX
• Leading Greek consumer products company in SUPER MARKET FORUM 2017
• “The One to Watch” at the “European Business Awards 2017/18”

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental
• Social

Environmental Achievements

• Obtained ISO 50001:2011 –Energy Management System certification for Oinofyta production plant and Athens facilities.
• Implementation of a vertically integrated system for recycling plastic film from consumer waste in Ukraine.
• Development of new, more environmentally friendly garbage bags with higher recycled material content in Poland.

Social Achievements

• Zero fatalities in the Group.
• 98% of employees employed under open-ended contracts.
• 190,000 euros donated to local communities and NGOs through product or financial support.

Governance Achievements

• Application of rules and practices outlined in the Corporate Governance Code.
• Full compliance with Commercial Law and Competition Law in all countries of operation.
• Full compliance with effective legislation regarding corruption.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• More than 70% of procurement amount allocated to local communities.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (In Accordance Core)

Certifications: ISO 9001:2015, FSSC 22000, ISO 13485, ISO 22716, ISO 50001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• New environmentally friendly garbage bags
• Bioten ECO range

Awards & Recognition

• Business Leaders in Greece Award 2018
• Growth Awards Extroversion Award
• Cosmo Beauty Awards (Serbia)
• Product of the Year Awards (Romania)
• Consumer’s Choice –Best Newcomer of the year (Czech Republic)
• Prémio 5Estrelas (Portugal)
• Best Pharmacy Awards (Greece)
• Healthy Diet Awards (Greece)
• Shopper Marketing Awards (Greece)
• Greek Exports Awards (Greece)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Developed "Green Life" Garbage bags line using 90%-100% recycled plastic & FSC paper label packaging.
• Replaced single-use plastic products with sustainable alternatives.
• Installed a solar refrigeration system in the Inofita, Greece production site.
• Fully replaced oil with natural gas in production, reducing emissions and energy costs.
• Implemented Energy Management System ISO 50001 in Greece headquarters and production site.
• Increased recycled plastic in packaging for Suncare and Home Care product lines.
• Increased recycled glass in cream jars and adopted fully recyclable packaging for Skincare lines.

Social Achievements

• Finalized the acquisition of LUKSJA, a Polish cosmetics brand.
• Distributed dividend payment for the fiscal year 2019.
• Intensified contribution to society during the pandemic through product and monetary donations.
• Implemented a coronavirus protection policy including remote working and safety measures.
• Launched a new antibacterial hand cleansing line of bioten.
• Offered internal information on the pandemic and health & well-being promotion services during quarantine.
• Supported multiple NGOs and vulnerable groups through donations.

Governance Achievements

• Elected a new member of the Audit Committee.
• Appointed members of the Company’s Audit Committee.
• Amended the Company’s Articles of Association to enable electronic notification of shareholder proxies.
• Amended the Company’s Articles of Association regarding remuneration linked to fiscal year profits.
• Amended the Company’s Remuneration Policy.
• Amended the Company’s stock option plan.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on the global economy.
• Foreign exchange risk due to operations in Eastern European countries.
• Interest rate risk.
• Credit risk.
• Liquidity risk.
• Raw material price risk.
• Compliance risk.

Mitigation Strategies

• Implemented a coronavirus action plan prioritizing employee and public safety, business continuity, and financial resilience.
• Closely monitors currency fluctuations but hasn't implemented hedging strategies due to lack of appropriate tools.
• Manages debt with a combination of short and long-term debt and continuously reviews interest rate trends.
• Monitors debtor financial positions, controls credit, and uses credit guarantee insurance.
• Maintains sufficient credit line facilities.
• Manages working capital and uses price closing at short intervals and security stock for raw materials.
• Established a Regulatory Compliance System and risk management system.

Supply Chain Management

Responsible Procurement

• Assessing suppliers against ESG criteria (energy, emissions, water, biodiversity, human rights, etc.)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, ATHEX ESG reporting guidelines

Certifications: ISO 9001, FSSC 22000, ISO 13485, ISO 22716, ISO 50001, ISO 14001

Sustainable Products & Innovation

• "Green Life" product range
• New production technology with smaller environmental footprint

Environmental Metrics

ESG Focus Areas

• Sustainable Production and Consumption
• Responsible Governance
• Empowered Employees
• Thriving Communities

Environmental Achievements

• 49% of input materials used in Polipak production site are recycled
• 77% of waste production diverted from disposal
• 9% reduction of energy intensity ratio to 0.39 GJ per thousand Euros of net sales
• 10% reduction of GHG emissions (Scope 1 & 2 - location based) intensity to 0.04 tCO2e per thousand Euros of net sales
• Polipak awarded German Blue Angel ecolabel for using at least 80% recycled plastic in garbage bags

Social Achievements

• More than 700k euros allocated across seven countries through product donations and financial contributions to NGOs, hospitals, kindergartens, and orphanages
• Product donations provided emergency aid during wildfires in Greece and tornado in Czech Republic
• 55% of employees are women
• 95% of employees employed full time with permanent contracts
• 0.49 rate of recordable work-related injuries
• 72% of procurement budget allocated to local suppliers

Governance Achievements

• Applied Hellenic Corporate Governance Code and aligned with principles of corporate governance as stipulated by law 4706/20
• 0 incidents of corruption or significant fines and non-monetary sanctions for non-compliance with laws and regulations in the social and economic area

Climate Goals & Targets

Environmental Challenges

• High cost of raw materials and supply chain difficulties due to the pandemic
• Pandemic's long-lasting impacts on the economy and communities

Mitigation Strategies

• Investments in Polipak's new production facility in Poland for increased production capacity and efficiency
• Optimization of product portfolio and targeted investments in strategic product development
• Acquisitive growth through the acquisition of STELLA PACK S.A.

Supply Chain Management

Responsible Procurement

• Vendor management process to assess suppliers through quality and social criteria
• Collaboration with top suppliers with proven ESG orientation

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, ATHEX ESG Reporting Guide

Certifications: ISO 50001, ISO 14001, ISO 45001, ISO 9001, ISO 22716, ISO 13485, FSSC 22000, BRC Global Standard

Sustainable Products & Innovation

• Eco sun care line
• Sustainable Deos
• Upgraded Luksja brand
• Green Life garbage bags
• Flexi embossed garbage bags
• Vegan friendly AVA PLUS+ dishwashing liquid
• Compostable baking paper
• Indulona Caring Liquid Soaps
• Orzene products
• Luksja products
• Noxzema shower products
• Ecoline suncare products
• Fully recyclable tissue masks

Awards & Recognition

• German Blue Angel ecolabel (Polipak)
• Various brand awards (Prix de Beauté, Best in Pharmacy Awards, etc.)
• DSMN8 UK’s list (1st place)
• Fortune Greece/KKS Most Admired Companies in Greece (among top 20)

Environmental Metrics

ESG Focus Areas

• Sustainable Production and Consumption
• Responsible Governance
• Empowered Employees
• Thriving Communities

Environmental Achievements

• Installed photovoltaic systems at Oinofyta facility, covering nearly 45% of the plant’s energy needs.
• Increased total energy consumption from renewable sources by 23% compared to 2021.
• Reduced total fuel consumption from non-renewable sources by 6% (2019-2022) and by 10% (2022 vs 2021).
• Reduced energy intensity ratio to 0.37 GJ per thousand Euros of net sales.
• 80% of waste production diverted from disposal.
• 48% of input materials used in Polipak production site are recycled.

Social Achievements

• Launched an Employee Engagement Survey with 90% participation rate.
• Witnessed a 208% increase in learning activity across the Group.
• 54% of employees are women.
• Recordable work-related injury rate down to 0.18 from 0.49 in the previous year.
• Donated over €2.5 million to support those in need in nine countries.

Governance Achievements

• Established a Group-wide hybrid working model.
• Implemented ISO 45001:2018 and ISO 14001:2015 certifications for facilities.
• Zero incidents of corruption or significant fines for non-compliance with laws and regulations.

Climate Goals & Targets

Environmental Challenges

• High inflation, supply chain distortions, energy crisis, and challenges from the war in Ukraine.

Mitigation Strategies

• Prudent financial management, strategic investments, upholding high corporate governance principles.

Supply Chain Management

Responsible Procurement

• Vendor management process to assess suppliers through quality and social criteria; collaboration with suppliers with proven ESG orientation; sourcing sustainably sourced materials.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, Core option, ATHEX ESG Reporting Guide 2022

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 9001:2015, ISO 22716:2007, ISO 13485:2016, FSSC 22000 v5.1, BRC Global Standard for Consumer Products

Sustainable Products & Innovation

• Clinéa (clean beauty brand with sustainable packaging and refillable jars); new eco sun care line; Luksja (high percentage of natural ingredients, vegan, biodegradable); Indulona (97% biodegradable ingredients); Orzene (high percentage of biodegradable ingredients); Noxzema (95% biodegradable ingredients); Bioten (100% PCR PET plastic, fully recyclable); Sanitas (90-100% recycled plastic, FSC paper packaging); Fino and Jan Niezbędny (green life garbage bags).

Awards & Recognition

• Bravo Sustainability Awards 2022
• Fortune Most Admired Companies in Greece 2022
• Business Retail Awards 2022
• Supplement Awards 2022
• Product of the year 2022
• Shopper Marketing Awards 2022
• Prix de Beauté 2022
• Super Market Awards 2022
• Best in Pharmacy Awards 2022
• CZ Consumers´ choice awards 2022
• CZ Cosmopolitan Beauty awards 2022
• Beauty Star Awards 2022
• Diamond Award Forbes 2022

Environmental Metrics

ESG Focus Areas

• Sustainable production and consumption
• Empowered employees
• Thriving communities
• Responsible governance

Environmental Achievements

• Transition from traditional Quality Management System to an Integrated Management System (SHEQ) completed in all production units.
• Obtained ISO 45001:2018 and ISO 14001:2015 certifications in all production units.
• Implemented photovoltaic systems at Oinofyta and Marousi facilities; progressing with Polipak installations.
• Implemented additional energy-efficient initiatives across production facilities.
• Launched new refillable clean skincare brand, clinéa, with sustainable packaging.
• Ergopack significantly reduced virgin plastic use by recycling, achieving approximately 100% recycled materials in large plastic bags production.

Social Achievements

• Completed investments in Occupational Health & Safety Management Systems.
• Established a Group-wide hybrid working model.
• Hosted wellness days to support employee physical and mental health.
• 87% increase in total amount spent on employee training compared to 2022.
• 55% female employees across the company.
• Channeled over €1.8 million in donations to support those in need in 9 countries.

Governance Achievements

• Extraordinary General Meeting elected a new ten-member Board of Directors with four independent Non-Executives and 30% female members.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions
• Geopolitical developments in Ukraine affecting operations and transport costs.
• Geopolitical developments in the Middle East disrupting international trade and global energy supplies.
• Inflationary pressures.
• Fluctuations in exchange rates.
• Increase in financing costs due to rising interest rates.
• Fluctuations in raw material prices.
• Liquidity risk.
• Credit risk.
• Cybersecurity risks.
• Risks from natural disasters.

Mitigation Strategies

• Improved working capital requirements and strict control of trade receivables.
• Installed a new generator at Ukrainian subsidiary to ensure uninterrupted operation.
• Developed alternative supply channels and explored cost pass-through mechanisms.
• Prudent cost management and focus on HERO product portfolio.
• Constant monitoring of exchange rate volatility.
• Optimal balance between borrowing costs and profit/cash flow impact.
• Short-interval price closures and safety stock creation for raw materials.
• Prudent liquidity management through cash, cash equivalents, and bank credits.
• Constant monitoring of customer financial positions and collateral requests.
• Cybersecurity risk assessments, control mechanisms, and employee training.
• Business continuity plan, emergency management plan, and facility/goods insurance.

Supply Chain Management

Responsible Procurement

• Collaboration with suppliers having a proven ESG orientation; strict evaluation of raw materials to meet sustainability development goals; assessment of suppliers through quality and social compliance criteria.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme natural phenomena (high temperatures, intense rainfall, snowfall, tornadoes)

Transition Risks

• Regulatory changes regarding waste management and packaging materials; carbon footprint of supply chain; environmental impacts of raw materials.

Opportunities

• Development of energy-efficient products; renewable energy sources.

Reporting Standards

Frameworks Used: GRI, ATHEX ESG reporting guidelines

Certifications: ISO 45001:2018, ISO 14001:2015, ISO 50001, ISO 9001:2015, ISO 22716:2007, ISO 13485:2016, BRC Consumer Products, FSSC 22000 v5.1, Blue Angel Ecolabel

Third-party Assurance: BDO Certified Public Accountant S.A.

Sustainable Products & Innovation

• Clinéa, Bioten HYDRO X·CELL, Indulona, Orzene, Luksja, Noxzema, SANITAS "Green Life" and "Flex" garbage bags, Polipak TriplePak foil.

Awards & Recognition

• Gold & Platinum award in Best Internal Communication Initiative category; Bronze award in Best Youth Employment category; Bronze award in Best Use of Technology for Learning category.