Climate Change Data

ELLAKTOR S.A.

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:73,193 tCO2e/year
Scope 1 Emissions:29,262 tCO2e/year
Scope 2 Emissions:43,931 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:179,743 MWh/year
Water Consumption:935,836 m3/year
Waste Generated:429,000 tons/year
Carbon Intensity:0.08 kg CO2 eq./€

ESG Focus Areas

  • Creation and distribution of economic value
  • Creating high-quality employment opportunities
  • Safeguarding occupational health, safety and wellbeing of employees
  • Safeguarding regulatory compliance and business ethics
  • Reinforcement of innovation and digital transformation
  • Ensuring business continuity and emergency preparedness
  • Contribution in the increase of renewable/alternative energy sources availability and reliability
  • Provision of employee training, evaluation and development
  • Safeguarding human rights at work
  • Safeguarding health, safety and wellbeing of end users
  • Continuous improvement of community relations
  • Minimisation of waste and increase of circular economy practices
  • Contribution in the improvement of urban and built environment
  • Improvement of resources and materials efficiency
  • Reduction of non-renewable energy consumption and increase of energy efficiency
  • Reduction of water consumption and effluents
  • Improvement of the social and environmental impacts of suppliers and partners
  • Protection and preservation of biodiversity
  • Contribution in the increase of ESG financing
  • Identification of financial implications due to sustainability issues
  • Minimisation of noise

Environmental Achievements

  • Added 105.6 MW to its wind farms’ total installed capacity in 2019, and another 90 MW in early 2020
  • Generated 909 GWh of electricity from RES in 2019, surpassing total energy consumption fivefold
  • Managed more than 428 thousand tons of mixed municipal solid waste, with 38% separated and utilized through reuse, recycling, or other methods
  • 61% of the Group's waste was utilized and did not end up in a landfill

Social Achievements

  • Created four (4) new departments in the Human Resources Division
  • Established group-wide policies and procedures regarding employee benefits, training, evaluation, and development
  • Invested €2.5 million in support of local communities

Governance Achievements

  • Established the Compliance and Sustainable Development Committee
  • Adopted the Anti-Bribery Policy and the Whistleblowing Policy in early 2020
  • Aligned the Group’s Compliance System with the guidelines of ISO 19600:2014

Climate Goals & Targets

Medium-term Goals:
  • Develop and implement an anti-bribery management system and obtain certification in accordance with ISO 37001:2016 for all of the Group’s main companies
  • Perform training for 100% of the Group’s employees on regulatory compliance issues
  • Implement initiatives for the adoption of a uniform Group culture and values
  • Create and implement an Employer Branding action plan
  • Implement Employee Engagement Survey every two years
  • Complete Training plan for all Group employees
  • Complete the development of the Leadership Training Academy
  • Develop an online training platform
  • Perform Reskilling and Upskilling for executives
  • Systematically record the trainings conducted at project and activity level
  • Evaluate the performance of 100% of employees working at the Group’s Head offices and managerial positions in projects/activities
  • Develop an employee potential evaluation process
  • Evaluate 100% of Group employees’ performance
  • Implement a “360 Feedback” evaluation process for division/department/project managers
  • 75% of promotions to be covered through the internal employees’ potential evaluation process
  • Develop a procedure for employee rewards in the form of bonuses
  • Increase the number of benefits
  • Participate and support events that connect young people with the labour market
  • Develop an internship programme for university students
  • Record and assess existing employees, with respect to gender and age
  • Develop a plan targeted towards increasing gender and age equality
  • Develop a programme that will enhance employees’ well-being
  • Develop an employee volunteering action plan
  • Develop and implement a Group Occupational Health and Safety Policy
  • Develop and implement a procedure for on-site inspections
  • Assign a Health and Safety Manager for all of the Group’s companies/projects/ activities
  • Assign a team for the investigation of accidents and near-misses per segment and develop training material
  • Develop initiatives, such as Safety forums, Safety Champions and awareness campaigns
  • Conduct internal audits for 100% of the Group’s projects and activities, annually
  • Implement Monthly Safety Reports and a Health and Safety Inspection List
  • Automate building management procedures
  • Install Document Control software in the construction sites of large projects
  • Implement and operate Management Reporting applications
  • Further increase the number of investments in innovative waste management technologies
  • Monitor and record subcontractors’ environmental performance
  • Monitor and record the performance of 100% of Group projects/activities in Greece
  • Develop a tool that will enable the remote audit of Group’s projects/activities
  • Develop an Environmental Management System and obtain certification in accordance with ISO 14001 for ELLAKTOR (RES segment) and HELLENIC QUARRIES accordingly
  • Establish an annual training and awareness plan on environmental and energy issues
Short-term Goals:
  • Develop a three-year plan including measurable improvement targets and sustainable development initiatives per segment
  • Develop and implement a central management system for policies and procedures
  • Conduct a stakeholder engagement survey
  • Develop and implement an annual stakeholder engagement plan
  • Align the Group’s Compliance System with the guidelines of ISO 19600:2014
  • Develop an anti-bribery management system and obtain certification in accordance with ISO 37001:2016 for ELLAKTOR and AKTOR CONCESSIONS
  • Strategically align the vision, mission, values and behaviours which represent the Group’s culture
  • Develop a Group donation (monetary or in-kind) and sponsorship policy
  • Develop a Human Resources policy
  • Complete Data Protection Impact Assessments (DPIA), where applicable
  • Develop an information security management system and obtain certification in accordance with ISO/IEC 27001:2013 for ELLAKTOR
  • Analyse results from the Employee Engagement Survey and develop actions in order to improve results
  • Implementation of a Group Procurement Policy
  • Integrate sustainability criteria in the evaluation process of significant suppliers, partners, and subcontractors
  • Establish centralised procurement
  • Develop and implement detailed systematic recording and traceability of the Group’s purchased materials and services
  • Establish key performance indicators for all of the Group’s material issues
  • Establish a retirement plan for all Group executives
  • Increase audits of subcontractors
  • Automate Human Resources’ procedures, as well as site and supplier reports
  • Utilise video conferencing and interaction software on specific projects
  • Develop business continuity management system for the Group’s critical operations
  • Develop and implement daily 15-minute safety sessions
  • Strengthen RES portfolio by increasing the number of wind farms, photovoltaic parks and biomass exploitation projects
  • Improve recovery rates of recyclable materials in treatment plants
  • Implement a uniform methodology regarding the monitoring and record of environmental performance indicators
  • Conduct on-site internal audits for 33% of the Group’s projects/activities
  • Train all employees based at construction sites, on environmental and energy management issues
  • Implement bird monitoring programmes

Environmental Challenges

  • Fatal accident involving an AKTOR employee in 2019
  • Delays in the award of tender projects in the Construction segment
  • Limited invitations to tender for new projects in Greece
  • Strong domestic competition and increased costs of borrowing in the Construction segment
  • Reduced vehicle traffic flows affecting project revenues in the Concessions segment due to the COVID-19 pandemic
  • Potential delays in the scheduled design of essential domestic waste management infrastructure in the Environment segment
  • Uncertainty caused by the financial crisis in Greece and developments in the domestic electricity market in the RES segment
  • Complex bureaucratic licensing procedures governing the development and operation of new RES projects
  • Liquidity problems facing the primary public sector company in the electricity sector in the RES segment
  • Covid-19 pandemic negatively affecting the ability of AKTOR to implement existing projects and contract new ones
Mitigation Strategies
  • Emphasis placed on establishing specific indicators to monitor health and safety performance
  • More intensive cash reserve management measures in the Construction segment
  • Focus on making progress with the Thessaloniki Metro works, the Gold Line Metro project in Qatar, and road and railway projects in Greece and other Balkan countries
  • Concession companies taking measures to limit consequences of reduced traffic, prioritizing employee and user health, and considering compensatory provisions to concession agreements
  • Implementation of rotating and remote working to ensure business continuity during the COVID-19 pandemic
  • HELECTOR signing a series of project contracts with a total budget of around €40 million
  • Long-term maintenance contracts with wind turbine manufacturers including availability guarantees
  • Equipment insured against usual risks and loss of gross profits
  • Intensive cash reserve management measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct (Attiki Odos and Attikes Diadromes); due diligence procedures for partners (Helector); integration of sustainability criteria in the evaluation process of significant suppliers, partners, and subcontractors

Climate-Related Risks & Opportunities

Opportunities
  • Investments in RES projects

Reporting Standards

Frameworks Used: GRI, UN Global Compact, Athens Stock Exchange ESG Reporting Guide

Certifications: ISO 14001, ISO 45001, ISO 50001, ISO 9001, ISO 37001, ISO 27001, ISO 39001, EMAS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

The Group's activities contribute to these goals through investments in renewable energy, infrastructure projects, waste management, and efforts to reduce its environmental footprint.

Sustainable Products & Innovation

  • Renewable energy projects; waste management solutions; biogas exploitation plants