ECONOMY

BUSINESS: 240 PRACTICES


TOPIC:

Initiative

Corporate Social Responsibility Governance System

Corporate Social Responsibility Governance System
SUBMITTED FROM:

MYTILINEOS S.A.

MYTILINEOS S.A. is a leading Greek industrial company active in Metallurgy, Power & Natural Gas, Solar Energy and Storage and Sustainable Infrastructure Projects. Established in Greece in 1990, the Company is listed on the Athens Exchange, has a consolidated turnover in excess of €2.3 billion and employs directly and indirectly more than 3,600 people in Greece and abroad.


Contact

Objective Action

The management of the issues related to responsible entrepreneurship is a responsibility shared by all senior and top Management Executives of MYTILINEOS Group and covers all policies adopted and all actions taken in order to fulfil the expectations of Stakeholders, over and above the Group’s legal and regulatory obligations. The integration of this system into the organisational structure of MYTILINEOS Group companies relies on a uniform set of procedures and on a specific reporting hierarchy, designed to overcome any obstacles which might result from the particular characteristics of each one of the Group’s individual activity sectors. http://www.mytilineos.gr/en-us/csr-governance/info 

The goals of the CSR Governance system are thw following:

1. To highlight the scope and breadth of the relevant concepts, with the ultimate goal of preventing business, social and environmental risks;

2. To identify and implement policies and initiatives that will substantially contribute to the achievement of Sustainable Development;

3. To balance the economic, social and environmental implications of the Group's business activities, while generating value for the Shareholders and all other Stakeholder groups in general.

 

Target Audience

The proper functioning of the CSR Governance System contributes significantly to the value creation for all groups of Mytilineos Group Stakeholders.

 

Duration

There is no time limit


Description

Description of the CSR Governance system

1. GROUP CSR COMMITTEE

The CSR Committee of MYTILINEOS HOLDINGS S.A. includes the Group Chairman among its members and is primarily responsible for supervising and ensuring the correct implementation of the CSR Governance in MYTILINEOS HOLDINGS S.A. in terms of policies, targets, actions and results in connection with environmental, social and ethical issues. The Committee reviews and approves the Sustainability Report ensuring that all material issues are addressed. It may also act in the capacity of advisor to the Group’s Executive Management and to the relevant Board Committees on the above issues, to assist their implementation in a more complete manner.

2. GROUP LEGAL & REGULATORY MATTERS DIVISION

In addition to its other main responsibilities, it plays a key role in the formulation of the Company's s environmental strategy. It is informed of the latest developments in the European environmental regulations and proposes ways for ensuring the alignment of the Corporate Strategy. It works closely with the Group's subsidiaries and the competent Executives on all Environmental Strategy matters arising. Additionally, in collaboration with the Managing Directors of the Group’s subsidiaries, it coordinates joint actions that support and promote the approved strategy.

3. EXECUTIVE MANAGEMENT OF GROUP SUBSIDIARIES

The Managing Directors of the Group's subsidiaries, having full responsibility for the results and the operational planning of their respective Activity Sectors, are actively involved in the management of social and environmental issues, providing the CSR teams of their companies with the necessary directions and ensuring that the Key Performance Indicators (KPIs) are in line with the strategic goals of the Group and of their company.

4. CSR TEAMS OF GROUP SUBSIDIARIES

The individual CSR teams of the Group's subsidiaries operate within specific and clearly defined duties and obligations, to implement the policies of the Group's parent company, MYTILINEOS HOLDINGS S.A., as well as the CSR programs at the level of the individual subsidiaries.

5. GROUP COMMUNICATION DEPARTMENT

With its crucial coordinating role, the Group Communication Department is responsible for providing support to all subsidiaries, to ensure compliance with the relevant standards and goals of the Group's parent Company, MYTILINEOS HOLDINGS S.A.

6. ESTABLISHED STAKEHOLDER CONSULTATION PROCESS

The process of Consultation with Stakeholders is a long-established principle of the Group responsible operation, contributing decisively to enhance transparency and further improvement of its subsidiaries CSR strategy and initiatives.

7. COMPANY CODES

Key to the governance of CSR is the compliance with the Professional Ethics Code, which coversthe general principles and rules that must govern the Management’s commitment towards the employees and the professional conduct of all people working in the Companies of the MYTILINEOS Group. Furthermore, of equal importance is the compliance with the newly-introduced «Code of Conduct for Supplies and Business Partners», which describes the minimum requirements/expectations of MYTILINEOS HOLDINGS S.A. from its supply chain actors regarding CSR-related issues as a prerequisite for the commercial cooperation between the two sides.


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Impact on Society

Initiative Location

All areas of activity of Mytilineos Group


Working with Organization

ΝΟ


Workers Participation

YES (Subsidiaries CSR teams)


Benefits for Οrganization


Connection with Global Goals



No Connection with Global Goals found





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