Corporate Social Responsibility Report 2011 - CSR in Greece
Corporate Social Responsibility Report 2011 - CSR in Greece
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