Climate change affects our business activities, creating significant challenges and opportunities. To properly manage and address climate change issues, HELPE Group has developed a strategy for its energy transformation towards a low-carbon economy, in response to increasing demands for energy and in order to ensure energy sufficiency by taking measures and implementing projects to reduce emissions. The Group's future investments are mainly determined by its climate change strategy.
The implementation of the Group’s environmental policy related to energy and climate change is achieved and measured by a series of tools, such as setting targets and key performance indicators. All environmental parameters are also compared through European indicators and benchmarks are used to assess the Group’s position in relation to the European industry performance. In the framework of GHG emissions monitoring and reporting, the Group systematically monitors not only direct CO2 emissions (Scope 1) but also indirect emissions (Scope 2 and 3) to the maximum extent of its activities. In addition, our staff’s and social partners’ continuous environmental education across a wide range of activities within the Group is an important part of our climate change management.
Moreover, the Group is actively involved in the development of energy and climate change policies at a national and European level, including the EU ETS, the Energy Efficiency Directive and others.
In the framework of all the above and with a focus on continuous improvement, the Group has been participating from 2018 in the annual international evaluation of CDP (formerly known as Carbon Disclosure Project), the only participation from Greek energy sector (in 2018). Thus, for 2018 (2017 data) the Group was asked to provide not only information about its current climate change management but also for HELPE overall strategy in the future. The CDP questionnaire is based on four pillars that outline each company's holistic approach to the above. These pillars are corporate governance, the risks & opportunities arising from climate change and the business strategy developed in this context. Finally, the Group records in detail the CO2 performance as well as other air emissions, distributed products data, wastewater & solid waste management and also the results of the Groups’ climate change objectives. Note that in 2018, CDP integrated questions from the Task Force on Climate-related Financial Disclosure (TCFD), which focuses on climate change risks to companies.
The results highlighted the strategy and performance of the Group in a better grade (B-) than the industry average (C), thereby laying the basis for further and continuous improvement.