2017 Sustainable Development & Corporate Responsibility Report



A few words about the Report

Ever since 2005, HELLENIC PETROLEUM Group has published an annual Sustainable Development & Corporate Social Responsibility Report, the objective of which is to improve communication and share information with the company’s social partners (stakeholders).

This year’s 13th annual edition presents the Group’s business performance, taking into account economic, environmental and social perspectives from 01.01.2017 to 31.12.2017.

Our corporate responsibility approach is aligned with the Group’s mission and values and articulates how we see our responsibilities in the areas of health and safety, ethical and transparent business practices, environmentally sustainable operations, a sound working environment and value creation for our shareholders.


Report’s Boundaries

The data reported in this Report is consolidated at a Group level, with minor exceptions in certain areas. Specific environmental indicators are presented in detail for each of the Group’s business units.
In terms of the selection of the Group’s companies included in this Report, we took into account (a) the list of companies included in the Group’s consolidated financial statement (see Annual Financial Report for Fiscal Year 2017, p. 190–191, https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf) and (b) the relevant materiality assessment (see Chapter 3 -Stakeholders and Material Topics) complemented with a set of selection criteria, such as participation and control, impacts and risks, sales, number of employees. The result is presented in the following Table; the information and data contained in this Report refers only to these companies within the Group: 1. HELLENIC PETROLEUM S.A.  2. ΕΚΟ ΑΒΕΕ  3. ASPROFOS S.A.  4. DIAXON ΑΒΕΕ  5. ΟΚΤΑ AD SKOPJE 6. JUGOPETROL AD  7. HELLENIC PETROLEUM CYPRUS LTD 8. EKO BULGARIA EAD  9. EKO SERBIA A.D.



Since 2007, we have been using the GRI and the UN Global Compact (UNGC) as a framework for drafting this Report. More specifically:

Also, since the 2015 edition, the Group reported data based on the 20 criteria of the Greek Sustainability Code (Level A), developed within the Sustainable Greece 2020 Initiative, which essentially responds to the need to measure economic, environmental and social performance (See Appendix ΙΙΙ, or go to http://sustainabilityreport2017.helpe.gr/en/sustainability-standards-and-verification/greek-sustainability-code/).

All indicators, units of measurement, quantities and sizes correspond to measurements and data that are in accordance with the best available practices, internationally accepted standards and international codes concerning the oil industry.
No changes in measurement methods in relation to previous reports have been made except for the review of information in the competition policy. Other restrictions, exceptions, or changes do not exist unless otherwise stated in the text.

Readers of this Report may also find useful information and financial data for the Group in the Annual Report 2017, (https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/EN_Helpe_Annual_Report_2017_Spreads.pdf) in the Annual Financial Report for the fiscal year 2017 https://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Financial_Report_2017_en_1.pdf) and on the Group’s website www.helpe.gr/en/

Also, the online version of the 2017 Sustainable Development & Corporate Social Responsibility Report is presented on the specially designed website: http://sustainabilityreport2017.helpe.gr/en/



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