Framework

The European context

In a critical moment when a wider debate is taking place regarding the competitiveness of the European economy, an effort for promoting a model of Sustainable Development including all social and environmental aspects of the development procedure as well as the new global challenges of climate change is well under way.

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The Greek challenge

Given these facts, our country is called upon to adopt and implement the EU Directive in a period when the Greek Economy is in search of a new model of development based on sustainable development, meaning the balanced socioeconomic and environmental development that will open a growth path based on sustainability and social cohesion conditions.

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The way

The Greek Sustainability Code is an up-to-date answer-proposal to the need of Greek state to create a methodology and a practical tool that will not only respond to the regulatory framework governing the EU Directive on non-financial disclosure but it will at the same time form a dynamic platform reinforcing the comparative advantage of Greek entrepreneurship based on Sustainable Development.

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Way of Development

The adaptation of the Greek Sustainability Code to the national circumstances is the result of a wider dialogue and debate among a large number of Social Partners representing Greek Society, i.e. Institutional, Corporate and Academic bodies and actors, Local Administration and Civil Society Organizations and representatives of the Corporate Community.

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Description of Consultation Process

The Greek Sustainability Code goal is to motivate the Organizations to invest in sustainable business models and increase their transparency by providing reliable and comparable non-financial information. The Greek Sustainability Code complies with the Directive of the European Commission for the disclosure of non-financial information. The Organizations declare their conformity to the Greek Code and its specific criteria and report on their actions to meet these criteria or provide reasonable explanations in case they do not satisfy them.

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