ECONOMY

BUSINESS: 333 PRACTICES


TOPIC:

Initiative

“Responsibility equals to Sustainability”

“Responsibility equals to Sustainability”
SUBMITTED FROM:

PAEGAE S.A.

PAEGAE (1907) is 100% subsidiary of NBG, owning facilities of 120,000m2 indoor and 600,000m2 outdoor storage areas and operates in: Warehouse & Distribution Logistics Services, Finished Vehicle Logistics Services, Receipts for Goods pledged as Collateral.

 

Read more: www.paegae.gr


Contact

Objective Action

Based on corporate responsibility and sustainable development, the strategy focuses on a total of corporate practices which, among others, are the following: economic sustainability of the company, protection of the environment, working conditions and training of the human workforce, quality of services, protection of human rights, support of local society and business operation based on transparency and ethics. 

 

Target Audience

It is addressed to multiple audiences, the total of the stakeholders placing special emphasis on our employees, our customers, our shareholders and the society (especially local communities). 

 

Duration

This action is constant and is updated and enhanced constantly in parallel with the operation of PAEGAE. 


Description

We recognize the importance of sustainable development through the lens of corporate responsibility. We aim to create value on the long run following a customer-centered policy while respecting our employees needs and incorporating environmentally and society-friendly practices. We believe that current unfavorable economic situation necessitates policies of corporate responsibility and avoidance of shrinkage strategies that have been followed by a large number of companies. In this long term procedure of development, our corporate governance structures support us. We operate with transparency adopting corporate governance principles as those are defined by the existing legal framework and international practices. We aim at safekeeping the interests of the stakeholders and assuring total compliance with the existing provisions and regulations. We take pride in our work as the oldest company providing logistics services (3rd Party Logistics) that has taken the first step and made the first social responsibility report for our company and our sector promoting responsible entrepreneurship practices, thereby launching and triggering the upgrading of the supply chain in Greece. The innovative element of this action lies in this result.  

Our common goal is safekeeping sustainability by producing value on the long run and operating with absolute transparency at all levels of administration. We keep our lines of communication with all stakeholders open and seek for development through aspects of responsible behavior disapproving any possible incidence of corruption. Accountability is an aspect of transparency of paramount importance- regardless of the level of hierarchy- and is placed at the core of our corporate culture. 

We incorporate practices of risk analysis and recognition, as those which cover four dimensions of risk (environmental, vocational, economic and operational risk) and we adopt measures to monitor and cope with them.  We recognize the negative effects of climate change on society, the environment and in particular on our sector and as a transport company we implement practices that focus on the environmental risk management and policies for greater effectiveness of our activities. We place special emphasis on reducing greenhouse gas emissions through upgrading our truck fleet and equipment as well as through training our workforce on environmentally-friendly policies.   


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Impact on Society

The benefits for the social partners ensuing from the adoption of a strategy that focuses on sustainable development have to do with the fact that the company operates with transparency and consistency towards all stakeholders. In combination with the risk management implemented by the company, a stable corporate environment is created for the total of the stakeholders (employees, customers, suppliers, shareholders). Additional benefits ensue for the local societies since the actions of PAEGAE for constraining and mitigating negative environment impacts improve the natural environment of local societies.  



Initiative Location

This action involves the company and the areas the company is active in at the total of Greek territory. 


Working with Organization

This action is implemented within the company.


Workers Participation

The participation of employees is constant and is expressed mainly through the members of the Social Corporate Responsibility (SCR) unit of PAEGAE. 


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Benefits for Οrganization

The main benefits arising from this sustainable development strategy are the enhancement of the reputation of the company and the assurance for unimpeded operation on the long run.  We improve communication with our suppliers, our employees, our shareholders and the local society by building relations based on trust. We manage better our resources following environmentally-friendly practices. We attract new investors that take under consideration corporate responsibility practices, thereby our services are upgraded and value is added to our efforts for sustainable development. Furthermore, as a result of this strategy, we ensure a business operation based on transparency, recording zero incidents of corruption. 




Connection with Global Goals



No Connection with Global Goals found





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