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Corporate Social Responsibility Report 2011 - CSR in Greece

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CORPORATE GOVERNANCE<br />

Stakeholder<br />

groups<br />

Ma<strong>in</strong> issues discussed<br />

PPC’s response<br />

State, regulatory authorities<br />

and public sector bodies<br />

Shareholders and <strong>in</strong>vestors<br />

> Implementation of one of three models specified<br />

<strong>in</strong> Directive 2009/72/EC on electricity, relat<strong>in</strong>g to<br />

the transmission operator (M<strong>in</strong>istry of the<br />

Environment, Energy & Climate Change)<br />

> Simplification of licens<strong>in</strong>g procedures for power<br />

generation projects and system and network<br />

development projects (M<strong>in</strong>istry of the<br />

Environment, Energy & Climate Change)<br />

> Compilation and completion of the Islands<br />

Management Code (Regulatory Authority for<br />

Energy)<br />

> Environmental legislation issues (Federation of<br />

Greek Industry)<br />

> Regulatory affairs<br />

> Increased vot<strong>in</strong>g rights for shareholders at GMs<br />

> Increased competitiveness<br />

> Profitability<br />

> Keep<strong>in</strong>g down runn<strong>in</strong>g costs<br />

> PPC attended and took part <strong>in</strong> the relevant<br />

committees and consultations with the<br />

M<strong>in</strong>istry of the Environment, Energy & Climate<br />

Change, RAE and Federation of Greek Industry.<br />

> PPC actively participated <strong>in</strong> consultations on a<br />

new Grid and Power Transactions Code and a<br />

new Customer Supply Code.<br />

> The <strong>Corporate</strong> <strong>Social</strong> <strong>Responsibility</strong> and<br />

Susta<strong>in</strong>able Development <strong>Report</strong> was issued<br />

> A Code of <strong>Corporate</strong> Governance was issued<br />

Shareholders and <strong>in</strong>vestors<br />

NGOs – not-for-profit<br />

organizations<br />

Associates and suppliers<br />

Competitors<br />

> Environmental, social and economic issues based<br />

on local requests to exam<strong>in</strong>e them. Examples<br />

<strong>in</strong>clude requests from local government authorities<br />

to improve the look of the distribution network.<br />

> Contribut<strong>in</strong>g to employment at local level <strong>in</strong><br />

different areas <strong>in</strong> which PPC operates.<br />

> Improv<strong>in</strong>g the local economy by select<strong>in</strong>g local<br />

suppliers<br />

> Develop<strong>in</strong>g offset projects <strong>in</strong> areas where the<br />

company operates<br />

> Dialogue and consultations before new projects<br />

are implemented<br />

> Collaboration of supply issues<br />

> More favourable pric<strong>in</strong>g policy<br />

> Collaboration <strong>in</strong> relation to jo<strong>in</strong>t ventures<br />

and RES projects<br />

> Collaboration to promote clean energy<br />

> Fair competition<br />

> Promotion of sectoral issues<br />

> Collaboration on energy issues<br />

> Regulatory affairs<br />

> Offset projects / benefits aris<strong>in</strong>g from<br />

consultation dur<strong>in</strong>g the process of issu<strong>in</strong>g<br />

environmental terms and conditions for<br />

projects.<br />

Issues raised by local bodies are handled <strong>in</strong> a<br />

positive manner by PPC<br />

> Use of land is granted and local<br />

entrepreneurialism is encouraged<br />

> Underground networks are developed for<br />

environmental and operational reasons. The<br />

policy to improve the look of the distribution<br />

network <strong>in</strong>cludes plac<strong>in</strong>g sections of the<br />

network underground and convert<strong>in</strong>g<br />

distribution substations suspended on pylons<br />

<strong>in</strong>to <strong>in</strong>door substations or smaller substations<br />

<strong>in</strong> rundown city centres, and <strong>in</strong> traditional<br />

villages and areas of tourist <strong>in</strong>terest<br />

> F<strong>in</strong>ancial support for local communities to<br />

allow them to develop <strong>in</strong> multiple ways<br />

(support for educational, sport<strong>in</strong>g and cultural<br />

bodies)<br />

> Consultations and open communication to<br />

improve products<br />

> Participation <strong>in</strong> sectoral organizations<br />

> Participation <strong>in</strong> consultations with<br />

competent bodies<br />

When implement<strong>in</strong>g projects, PPC Renewables approaches local communities dur<strong>in</strong>g the design, build and operational<br />

phase, <strong>in</strong> order to achieve the necessary level of social support. In particular, PPC Renewables talks with local<br />

communities and the competent authorities, organiz<strong>in</strong>g <strong>in</strong>fo-events, one-day events and <strong>in</strong>terviews on the benefits<br />

these projects entail.<br />

CORPORATE SOCIAL<br />

RESPONSIBILITY REPORT<br />

39

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