Corporate Social Responsibility Report 2011 - CSR in Greece

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The table below sets out the categories of PPC’s customer accounts/connections, and the relevant number of connections in each category. Out of a total of 7,301,734 connections, 77.96% are household connections and 16.43% are commercial. Νumber of connections per customer/connection category 7,512,197 7,301,734 6,000,000 5,817,727 5,692,123 5,000,000 Residential 4,000,000 Agricultural 3,000,000 Commercial Industrial 2,000,000 1,000,000 1,279,216 1,199,957 Public lighting (streets & squares) Public authorities 0 207,666 61,108 94,614 51,775 91 2010 207,394 54,549 96,327 51,298 86 2011 Traction 1.5 PPC milestones Just some of the main milestones in the history of PPC are as follows: PPC milestones 1950 PPC was established. 2001 PPC became an anonymous society/a S.A. and from 12/12/2001 onwards the company was listed on the Athens and London stock exchanges. PPC became the sole electricity operator, 1956 as a result of all public and private 2006 electricity generation companies acquisition. The Supply Division was set up, whose mission is to supply electricity within the context of the deregulated market. 1998 PPC Renewables S.A. was set up. 2010 The first PPC CSR and Sustainable Development Report was issued in line with the Global Reporting Initiative guidelines. Hellenic Transmission System Operator S.A. 2000 was set up to operate, run, safeguard and maintain and develop the power transmission 2011 system nationwide. The subsidiaries ADMIE and DEDDIE were set up by spinning off of the transmission and distribution sectors. Megalopolis I Units I and II were taken off line permanently. 20 CORPORATE SOCIAL RESPONSIBILITY REPORT
OUR CORPORATE PROFILE 1.6 Financial Data 2011 was a particularly difficult year since it was the year with the deepest recession the Greek economy has experienced in recent decades, yet PPC managed to close the year with just limited losses. A major factor contributing to that was the significant drop in payrolling costs, better utilisation of human resources and rationalisation of audited expenditure resulting in increased productivity. The 2011 financial results reflect the major changes in extraneous factors such as a drop in overall demand, increased competition in the wholesale and retail markets, increased fuel prices internationally and the imposition of or increase in taxes on them, and the unfavourable hydrological conditions. 2011 was a difficult year in which PPC reported losses. The Group and parent company reported net losses of around € 149 million and € 273 million respectively as at 31/12/2011. The net debt stood at € 4,703 million up some € 493 million compared to 2010. In 2011 PPC paid dividends totalling € 183.3 million for 2010, compared to € 231.8 million paid in 2010. Financial value and social product (in € ‘000) 2010 2011 Turnover 5,519,352 1 5,180,332 Financial Income 40,662 1 43,346 Direct financial value generated 5,560,014 1 5,223,678 Salaries and employee benefits including employer social security contributions 879,502 763,634 Financial expenses 145,257 1 201,394 Income tax, other taxes, duties and provision for surtaxes 216,286 1 48,466 Donations and sponsorship (other than donations and sponsorship included in operating cost) 100,196 3 890 Operating cost balance 3,688,790 1 4,459,926 Financial value allocated 5,030,031 1 5,474,310 1. Adjusted figures due to the transmission sector being spun off. 2. Does not include employees payrolling which is included in the tangible assets and the cost of extracting lignite. 3. Includes part of employees payrolling cut following Law 3833/2010 και 3845/2010, which, pursuant to the extraordinary general meeting on 26/04/2010, was provided to support the IKA-ETAM & TAYTEKO social security funds. CORPORATE SOCIAL RESPONSIBILITY REPORT 21
Page 1: Corporate Social Responsibility Rep
Page 4 and 5: Table of Contents Table of Contents
Page 6 and 7: About The Report The Report you hav
Page 8 and 9: Μessage From The Chairman PPC S.A.
Page 10 and 11: 1 Our Corporate Profile 1.1 Brief o
Page 12 and 13: Changes in the electricity market l
Page 14 and 15: Geographical allocation of power pl
Page 16 and 17: The availability rates and average
Page 18 and 19: The underground transmission and di
Page 22 and 23: 1.7 Membership of associations and
Page 24 and 25: PPC RENEWABLES S.A. PPC first becam
Page 26 and 27: Power generated In 2011, the level
Page 28 and 29: 2 Corporate Governance “Complying
Page 30 and 31: PPC Renewables - Organizational Cha
Page 32 and 33: Ratio of men to women on Board of D
Page 34 and 35: 2.3 Internal Audit PPC has an Inter
Page 36 and 37: Matrix approach of material issues
Page 38 and 39: Partnerships with associates at nat
Page 41 and 42: We devote all our energy to people
Page 43 and 44: THE MARKET AND OUR CUSTOMERS > Resi
Page 45 and 46: THE MARKET AND OUR CUSTOMERS For th
Page 47 and 48: THE MARKET AND OUR CUSTOMERS 3.3.4
Page 49 and 50: Audits and Responsibility: PPC fiel
Page 51: THE MARKET AND OUR CUSTOMERS To ens
Page 54 and 55: 4 Our People Our people are the mos
Page 56 and 57: Allocation of employees by category
Page 58 and 59: 4.2 Training and Development PPC re
Page 60 and 61: 4.3. Employee evaluation Employee e
Page 62 and 63: 4.6.3 H&S actions and programmes PP
Page 64 and 65: Training on H&S issues* Participant
Page 66 and 67: Days of absence due to accident per
Page 68 and 69: 4.7 Regulatory and legislative comp
Page 71 and 72:
We devote all our energy to the red
Page 73 and 74:
OUR ENVIRONMENT 5.1 Environmental M
Page 75 and 76:
OUR ENVIRONMENT Type of facility CO
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OUR ENVIRONMENT The PPC long-term i
Page 79 and 80:
OUR ENVIRONMENT Over the period to
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OUR ENVIRONMENT Thermal Power Plant
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OUR ENVIRONMENT PPC recycles and re
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OUR ENVIRONMENT Material, Fuel, Pur
Page 87 and 88:
OUR ENVIRONMENT Dangerous and hazar
Page 89 and 90:
OUR ENVIRONMENT 5.7 Protecting biod
Page 91:
OUR ENVIRONMENT In areas where PPC
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6 Our Social Footprint PPC acknowle
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Offset / public benefit projects Ca
Page 98 and 99:
6.1.2 Concession of land In develop
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Some of the actions implemented in
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6.3 Employee volunteer actions With
Page 104 and 105:
8. GRI Indicators Table Following i
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GRI Indicators Table GRI Descriptio
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Environmental Performance Indicator
Page 110 and 111:
Human Rights Performance Indicators
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Public Power Corporation S.A. has c
Page 115 and 116:
OUR SOCIAL FOOTPRINT Limitations of
Page 117:
The opinion of readers of this Repo
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29, Halkokondili Str., GR - 104 32
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Corporate Social Responsibility Report 2011 - CSR in Greece

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