Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental footprint
• Circular Economy
• Energy efficiency
• Health & Safety of employees
• Training of employees
• Support the local communities
• Board Composition
• Shareholders’ rights
• Anti-corruption

Environmental Achievements

• Increased internal recycling capacity resulting in using more recycled raw materials with lower carbon emissions
• Reduced energy consumption per kilo produced by using new technologies
• Thrace Greenhouses measure their CO2 emissions, with emissions close to zero due to the use of geothermal energy
• Submitted a pledge to substitute more than 8,500 tons of virgin raw material with recycled by 2025.

Social Achievements

• Responsible corporate governance and safeguarding of business ethics and compliance (zero tolerance of corruption, bribery and extortion incidents)
• Respect diversity and human rights
• Support of local communities through large number of actions in all countries the Group is operating in
• In Greece through the Social Center “Stavros Halioris”
• Safeguarding of customer health and safety by following comprehensive processes, being certified by independent bodies
• Evaluation of suppliers according to their social and environmental performance
• Continuous training and development of employees in several areas of interest
• Safeguarding of employee health, safety and well -being –as an ongoing effort
• Donated 2.000.000 certified, surgical masks to support vulnerable, high risk groups from the Covid -19 pandemic.

Governance Achievements

• Shareholders Rights Directive II (SRD II) compliant
• Shareholders’ Participation in the General Meetings through videoconference
• 45% Board Independence targeting further improvement in the medium term
• Roles of Chairman and CEO separated
• Independent Vice -Chairman acting as Senior Independent Director
• Board gender diversity
• Established three new Board committees: Strategy and Investment Committee, ESG Committee, HR Committee
• Remuneration Policy (AGM 2019)
• Remuneration Report (AGM 2020)
• Board structure and effectiveness review

Climate Goals & Targets

Environmental Challenges

• Climate change and carbon emissions
• Raw material price pressure due to global increase
• Raw material supply shortages
• Low demand from HORECA industry for packaging products
• Uncertainty regarding market conditions and limited visibility for H2
• Moderate demand for personal protection and health related products expected in H2, subject to vaccination program evolution

Mitigation Strategies

• Increased internal recycling capacity
• Reduced energy consumption per kilo produced
• Investment in renewable energy (photovoltaic) sources
• Development of a new operational plan
• Production on a “make to order” basis
• Developed new, critical for the pandemic, products
• Increase of Raw Materials safety stock level
• Close monitoring of working capital (inventories, receivables)
• Ensured excess liquidity available
• Implemented unplanned investments taking advantage of new business opportunities (Face masks lines, Meltblown line)
• Continuous effort for improved product mix
• Cash inflows expected when open cases are settled (Industrial property transaction, OAED)
• Further restructuring in low margin business

Supply Chain Management

Responsible Procurement

• Evaluation of suppliers according to their social and environmental performance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ECOVADIS

Sustainable Products & Innovation

• 100% recyclable products
• Lighter, easily recyclable products

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Climate Change
• Employee Health and Safety
• Responsible Supply Chain
• Business Ethics and Anti-Corruption

Environmental Achievements

• Increased use of recycled raw materials by 17% compared to 2021
• Reduced energy intensity by 3.45% compared to 2021
• Reduced direct and indirect emissions (scope 1, 2, 3) by 3.1% compared to 2021
• 6.7 MW of photovoltaic systems in operation
• Achieved a B score from CDP, climbing 2 ranks compared to 2021

Social Achievements

• €412,621 in social support expenses
• Support of 16 children in need
• Offering food equivalent to 1995 meals
• Zero fatalities due to injuries in 2022

Governance Achievements

• Full compliance with regulatory framework and zero tolerance for human rights issues
• No confirmed incidents of corruption or bribery
• Implementation of the Hellenic Corporate Governance Code

Climate Goals & Targets

Environmental Challenges

• Changes in European and national regulatory frameworks
• Adapting production processes to a low-carbon economy
• Changes in industry structure in a carbon-sensitive economy
• Changes in consumer preferences
• Increased severity of extreme weather phenomena

Mitigation Strategies

• Policy & Legal monitoring
• Technological adaptation
• Market response strategies
• Developing sustainable products
• Implementing precautionary measures against natural disasters

Supply Chain Management

Responsible Procurement

• Supplier selection process based on objective criteria
• Supplier-partner assessment questionnaire

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather phenomena

Transition Risks

• Changes in regulatory framework
• Changes in industry structure
• Changes in consumer preferences

Opportunities

• Increasing the use of renewable energy sources
• Developing sustainable products and processes
• Improving efficiency during the production process
• Increasing the use of recycled raw materials

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, ATHEX ESG

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015, ISO 13485:2016, ISO 22000:2018, ISCC PLUS, BRC, IFS, FDA, HALAL, Global GAP, EuCertPlass, Recyclass, OK Recycled, Oeko-Tex® Standard 100

Third-party Assurance: Certified entity (details not specified)

UN Sustainable Development Goals

• 7 (Affordable and Clean Energy)
• 12 (Responsible Consumption and Production)
• 13 (Climate Action)

The report mentions alignment with 7 out of 17 SDGs, but doesn't specify which ones beyond the above three.

Sustainable Products & Innovation

• Lighter everyday use packaging with less plastic
• Reusable cups for supermarkets & HORECA
• Garbage bags from 100% recycled plastic certified by Recyclass

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Health & Safety
• Corporate Governance
• Labor & Social Issues

Environmental Achievements

• -12.6% Reduction of total waste compared to 2022
• -21.7% Reduction of solid waste sent to landfill compared to 2022
• 22.3% Increase in the use of energy from renewable sources compared to 2022
• 7.8% Use of energy from renewable sources compared to 2023
• 12.9 thousand tons Use of recycled raw materials

Social Achievements

• 410,131 € Total expenditure on social support through the Stavros Halioris Social Centre
• Supported 16 kids in need
• Offering food equivalent 1,835 meals

Governance Achievements

• 0 Confirmed Incidents of non-regulatory compliance, human rights violations, personal data breaches, corruption & bribery

Climate Goals & Targets

Environmental Challenges

• Climate change and energy transition impact the Group’s activities
• Extreme weather events or rising temperatures could affect production processes

Mitigation Strategies

• Continuously monitoring international developments and adjusting its business model
• Investing in photovoltaic systems and geothermal energy
• Implementing measurable actions aimed at energy savings
• Developing specialized advanced recycling systems

Supply Chain Management

Responsible Procurement

• Procurement and Accounts Payable Policy and Procedure

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Rising temperatures

Transition Risks

• Changes in the European and national regulatory framework
• Transition to a low-carbon economy
• Changes in the industry’s structure
• Changes in consumer preferences

Opportunities

• Increased use of renewable energy sources
• Shift of existing markets towards new sustainable products
• Development of products and solutions based on the circular economy
• Improving efficiency during the production process
• Increase in the use of recycled raw materials

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, ATHEX ESG

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015, ISO 13485:2016, ISO 22000:2018, ISCC PLUS, BRC, IFS, FDA, HALAL, Global GAP, EuCertPlass, Recyclass, OK Recycled, CoVid Shield, Oeko-Tex® Standard 100

UN Sustainable Development Goals

• Good Health and Well-being
• Industry, Innovation and Infrastructure
• Peace, Justice and Strong Institutions
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Responsible Consumption and Production
• Climate Action

The Group focuses on the Sustainable Development Goals where it has the greatest impact.

Sustainable Products & Innovation

• Geogrids
• Helios Reflect System
• Flame Retardant Groundcover
• Insulation membranes
• Thermoforming IML Dairy Cups
• Reusable Cup with Lid
• Paint Containers
• Paper Cups
• Garbage Bags
• Bag in box
• Big Bags

Awards & Recognition

• Silver awards from EcoVadis (Pack, Nonwovens & Geosynthetics, Polyfilms, Greiner, and Ipoma)
• Platinum ranking in the Forbes ESG Transparency Index