2016 Sustainable Development & Corporate Responsibility Report


A few words about the CSR Report and our Approach

Ever since 2005, HELLENIC PETROLEUM Group has published an annual Sustainable Development & Corporate Social Responsibility Report, the objective of which is to improve communication and share information with the company’s social partners (stakeholders).

This year’s 12th annual edition presents the Group’s business performance, taking into account economic, environmental and social perspectives from 01.01.2016 to 31.12.2016.

Our corporate responsibility approach is aligned with the Group’s mission and values and articulates how we see our responsibilities in the areas of health and safety, ethical and transparent business practices, environmentally sustainable operations, a sound working environment and value creation for our shareholders.

Report’s Boundaries

The data reported in this Report is consolidated at a Group level, with minor exceptions in certain areas. Specific environmental indicators are presented in detail for each of the Group’s business units.

In terms of the selection of the Group’s companies included in this Report, we took into account (a) the list of companies included in the Group’s consolidated financial statement (see Annual Financial Report for Fiscal Year 2016, p. 175–177, at http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/COMPLETED-FINAL-GR-WEB_1.pdf) and (b) the relevant materiality assessment complemented with a set of selection criteria (such as participation and control, impacts and risks, sales, number of employees). The result is presented in the following Table; the information and data contained in this Report refers only to these companies within the Group.

Group companies presented in the Report


2. ΕΚΟ SA                                      

3. ASPROFOS S.Α.                             

4. DIAXON SA                              

5. ΟΚΤΑ AD SKOPJE                        

6. JUGOPETROL AD                         


8. EKO BULGARIA EAD                   




The Global Reporting Initiative, G4 guidelines (including the Oil & Gas Sector Supplement) and the United Nations Global Compact criteria have been used, since 2007, as a framework for the compilation of this Report.

The main reference frameworks for the compilation of this Report were:

All of the indicators, measurement units, quantities and sizes — referred to in the report — correspond to measurements and data that have been recorded using the best available practices, internationally accepted standards and international oil industry codes.

No changes in measurement methods in relation to previous reports have been made except for the following revisions:  

  • The marketing companies merger
  • Placing activities in Egypt on hold
  • New procurement regulation

No further limitations, exceptions, reviews or changes exist.


Material issues and relevant activities



2016 Material Issues

Chapter in Report - Actions/Relevant GRI-G4 Indicator



Hazardous Waste

3, 6, 7, 11, 12, 14, 15, 17

Use of energy (Non-RES)

Use of energy (RES)

CO2 - SO2 - NOx - VOC – Particulate Matter Emissions

Water Consumption

Effluents Handling

Oil Spills and Leakages

Product Impact

Environmental Protection Investments

Shareholders - Investors

Corporate Governance

8, 9, 10, 12, 16, 17

Supply Security

Operational Continuity


Job Position Security

3, 4, 5, 8, 9, 10, 16

Equality and Fairness

Occupational Health & Safety

Work Environment


Responsible Buying

5, 8, 10, 12, 13, 16, 17

Operational Support

Supplier Assessment


Community Engagement and Partnerships


3, 4, 9, 11, 12, 17

Accident Impact

Health Screening


Readers of this Report may also find more comprehensive financial and operational information concerning the Group in the 2016 Annual Report, (http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/Annual_Report-gr-web-160517.pdf) the Annual Financial Report for the Fiscal Year 2016 (http://www.helpe.gr/userfiles/8ea1f0cb-9e62-48e4-b947-a27b00fb14bb/COMPLETED-FINAL-GR-WEB_1.pdf) as well as the Group’s website (www.helpe.gr/en/).

In 2015, the Group adopted the Greek Sustainability Code, consisting of 20 criteria (categorized in 4 pillars) which essentially responds to the need to measure economic, environmental and social performance. The Greek Sustainability Code is one of the tools - for the development of Sustainable Development and Corporate Responsibility policies and strategies - developed within the “Sustainable Greece 2020” Initiative. The Initiative seeks - through dialogue - to contribute to the promotion of Sustainable Development and to support our country’s operational and institutional bodies with practical tools and methodologies. Appendix III in this Report contains a Compliance Table with the Greek Sustainability Code (Level A).



HELLENIC PETROLEUM SARegistered Address: 8A Chimarras str., 151 25-Maroussi/Greece
S.A. Registration Number.: 2443/06/B/86/23
Copyright © 2015 ELPE.All rights Reserved | Terms of use