The PPC Group will invest over 10 billion euros by 2027, mainly in green energy, network modernization and technological innovation, according to a group statement.

“By 2027, the PPC Group will invest over 10 billion euros, mainly in green energy, network modernization and technological innovation. PPC Group will develop 6.3 GW of renewable energy (RES) in Greece and the wider South-Eastern Europe region, with the aim of reaching 11.8 GW of installed capacity from renewable sources (RES) by 2027. The energy planning focuses simultaneously on phasing out by 2026 and significantly reducing production from oil-fired power plants, with the Group aiming to reduce direct carbon dioxide (CO2) emissions by 80% between 2019 and 2027,” the document quoted.

PPC has improved its rating within the “ESG Transparency Score” of the ATHEX ESG Index, obtaining a positive score of 91% following an extensive analysis of a series of criteria relating to Environment – ​​Society – Governance (ESG). In total, 52 indicators corresponding to the 86 points related to individual data are evaluated, and at least 55 types of data are taken into account for the assessment of each sector. Based on the methodology, a high weight is attributed to the existence of an external verification of the ESG information provided by a company, as well as the existence of internal systems and controls for ESG oversight and the Sustainability Policy. These aspects are considered particularly important during the assessment, as they demonstrate that there is a mechanism and procedures for managing ESG aspects and for increasing the credibility of the data.

In the same context, the publication of a Sustainability Report is evaluated positively, being considered a relevant indication of the importance that a company attaches to ESG principles and communication with all stakeholders.

The 91% rating obtained by PPC in the ATHEX Transparency Score confirms the importance that the group attaches to its ESG strategy, the press release also states.