For the HELLENIC PETROLEUM Group, one of the leading Groups in the energy sector in Southeastern Europe, the creation of added value for the economy and society, confirms the responsible attitude and the long-standing contribution of the Group and its subsidiaries, creating, in addition, indirect benefits in terms of growth, employment and national product.
The term “value” includes the benefits received by stakeholders, both monetary and non-monetary, which ultimately determine the value of the company itself. The Group’s contribution through its activities is significant, collecting and remitting a significant part of the indirect taxes of the State (SCT and VAT). Its economic and social contribution includes the value added, jobs and tax revenues that the Group directly generates in the Greek economy. It also includes the indirecteffects created by its economic transactions with domestic suppliers of goods and services, as well as the induced effects, which refer to the impact that the expenditure of employee income generated directly and indirectly by the Group’s activities has on the economy.
As part of the Group’s Corporate Responsibility activity, specific interventions that meet basic social needs and protect the environment are taking place to the local and wider society.
The Group, as one of the main suppliers of liquid fuels in Greece, also supports the fuel retail sector. The Group’s activity, therefore, mobilises wider supply chains and creates economic value by contributing to GDP, employment and tax revenues in Greece.
Globally, the Group’s social and economic footprint contributes to the collective effort to achieve the UN Sustainable Development Goals.
The Group aims to maintain its competitive advantage and create value for the economy and society, taking into account the expectations and wishes of its stakeholders.
The above figures refer to the Group companies based in Greece.
1 The figures refer to the Group
2 The figures refer to the Group companies mentioned in the methodology of the Report p. 4.
*Active suppliers are defined as suppliers who have collaborated with the Group in the last three years.
** The jobs in the self-operated fuel stations have been included in the effects on suppliers (indirect jobs).
The Group has a large and complex list of suppliers with more than 14,000 active suppliers for purchasing materials and equipment or obtaining services. The Group’s partners are not only multinational companies, but also large, medium, small to medium and small-sized local companies. The Group’s suppliers are its important partners, contributing to the achievement of its business objectives. They contribute to its competitiveness and sustainable development, influencing not only its financial performance but also its relations with other stakeholders.
A key objective of Group’s Procurement is to develop and maintain a broad and reliable supply chain, seeking:
To achieve the above, the Group follows a defined framework for cooperation, which includes a Code of Conduct, Procurement Regulations, policies and procedures to promote health and safety, commitment to environmental rules and responsible labour practices with respect for human rights, while also pursuing a supplier evaluation process.
It is worth noting that the Group’s partners are selected and evaluated, both when they are included in the list of suppliers, and while working with them, based not only on business criteria but also on sustainable development criteria. Furthermore, all contracts with the suppliers incorporate a “condition of compliance” with the principles of the UN Global Compact in the areas of human rights, labour, environment and anti-corruption.
of suppliers come from the local community
of the purchases of HELPE, DIAXON and CHRONUS are made from local suppliers
of the purchases of commercial companies are made from local suppliers
In 2021, the direct jobs supported by the Group in the local community and the indirect and induced jobs created by the Group’s spending on local suppliers are estimated at:
In particular, the contribution to the country’s GDP from the indirect value added in the supply chain created in the local communities is estimated at:
The indirect contribution in taxes paid to the State by the local supply chain amounts to:
However, the Group’s contribution is not limited to local communities, as through its Corporate Responsibility actions it maintains a responsible attitude towards society as a whole. Specifically, in 2021, Corporate Responsibility actions focused on 4 main axes:
Investments in Corporate Responsibility actions in Greece and abroad totalled €5.85 mil. The actions are designed by thematic category and are implemented both at national and local level, highlighting the extent of the Group’s commitment to society.
Distribution per type of action in Greece
Distribution per national & local level in Greece
HELLENIC PETROLEUM Group stands, with continuity and consistency, by the side of the young generation. Through its Corporate Responsibility program “Proud of Youth”, it rewards excellence over time and actively supports the efforts of young people for learning and development. At the same time, it plans actions that enhance the knowledge, education and sportsmanship of the younger generation.
In particular, to date, it has granted 230 scholarships for academic studies in Higher Education Institutions not only in Greece, but also in France, Germany, Switzerland, the United Kingdom, the United States of America, Canada, Norway and the Netherlands.
In the context of promoting social welfare, the Group continued faithfully its vision of contributing to society as a whole with actions aimed at improving the quality of life of our fellow human beings by meeting basic social needs.
The protection of the environment and the implementation of infrastructure projects for sustainable cities are one of the key pillars of the Group’s Corporate Responsibility. Specifically, the Group ensures the installation, monitoring and maintenance of environmental stations in the areas where it operates, invests in photovoltaic systems on the roofs of schools and institutions, applies the best available techniques for the operation of all facilities, and implements studies and projects in collaboration with the academic community to protect the environment and save energy.
The Group, through various activities, participates in and supports important cultural events aiming to preserve and disseminate our cultural heritage. At the same time, it supports groups and events that uphold the ideals of sportsmanship and fair play.
The Group’s employees actively participate in voluntary social solidarity events that take place on an annual basis. In 2021, 144 employees participated in the 38th “Authentic” Athens Marathon and the 15th “Alexander the Great” Thessaloniki International Marathon. Thanks to the participation of employee volunteers who ran the 5, 10 and 42 km routes under the motto “We Participate & We Offer”, for every kilometre they run, the HELLENIC PETROLEUM Group donated €10 to support the work of the “Ark of the World” Organization and the “SYZOI” Association of Parents of People with visual impairments and additional disabilities.
At the same time, for many years, the Group has set up a blood bank and regularly organises voluntary blood donations. All Group companies that implement voluntary blood donation activities, give blood donors an extra day of leave for each participation in a voluntary blood donation, as an extra incentive and reward.
|Group Blood Donation Data||2019||2020||2021|
|Units of Blood Donated by Employees||391||331||139|
|Coverage of Needs in Units of Blood||335||287||298|
employee volunteers ran in races for a good cause
employees are active blood donors