Significant rise by 17 points recorded PPC In S&P Global’s Global Corporate Sustainability Assessment (CSA), rating 42 for 2024, compared to 25 in 2023, while improving its ESG ratings in 44 from 37 in 2023.
The upgrade to the S&P Global evaluation reflects PPC’s progress on environmental, society and governance issues (ESG). In addition to other important initiatives by the Group to reduce the carbon footprint and development of RES, the adoption of scientifically documented greenhouse gas emissions, which have been approved by the SCIENCE Based Targets Initiative (SBTI) initiative.
The PPC Group is the first Greek energy group to have set goals of full alignment with the target of 1.5 ° C of the Paris Agreement, committed to a reduction of 73.7% of SCOPE 1 & 2 emissions per MWh produced by 2030 and 98.6% to 2040 (2040: 2021).
S&P Global’s Corporate Sustainability Assessment (CSA) evaluation is one of the most recognized internationally processing business viability processes. In 2024 it covered more than 12,000 companies worldwide, examining the connection of sustainable development with the business model and the strategy of each organization.
Through a series of criteria that focus on economic, environmental and social issues by industry, CSA evaluation offers a structured assessment and comparison framework, which is considered an important decision -making tool for investors who give increased weight in ESG parameters.
Chief Sustainability Officer of PPC Group, Achilleas Ioakimidis, said: “Upgrading the PPC Group from S&P Global is a recognition of our strategy for a responsible energy transition. Our progress on environmental and social responsibility issues our steady commitment to the creation of long -term shared value for the affected parties concerned. ”
Investments with viability at the center of strategy
The PPC Group, the leading energy company in Southeast Europe, is constantly transformed, with a vision of being an economically and environmentally sustainable, modern company. The updated plan of the PPC Group for the period 2025 – 2027 provides for investments of 10.1 billion euros, focusing on RES, networks, flexible production and new choices for customers in Greece and Southeast Europe.
The PPC Group is developing 5.6GW RES in Greece and the wider region of Southeast Europe, with the aim of raising RES to rise to 11.8GW in 2027.
Particularly important is also the commitment to fully redundancies by 2026, as well as the planned reduction in oil units, leading to a total reduction in greenhouse gas emissions by 80% in 2019 – 2027.
At the same time, the PPC Group is building solid foundations for further growth in Greece and Southeast Europe, forming the energy and digital future in the wider region, always with responsibility as a valuable social partner in the markets where it operates.
The aim of the PPC Group is to create shared value for all interested parties, while helping to achieve the UN sustainable development objectives.