Criteria & Indicators

The Greek Sustainability Code consists of 4 pillars and it is based upon 20 Criteria that help in the assessment of the economical, environmental and social performance of the Organizations/Companies making simple but comprehensive the way an Organization/Company adopts the Code and incorporates Sustainable Development and Corporate Responsibility policies in its operations and management.

The Greek Sustainability Code and its criteria are based on international standards (GRI, GLOBAL COMPACT, EFFAS, ISO, EMAS) that are used particulalry by mediun size and small companies. See Table of Standards
 

Α)THE 20 CRITERIA OF THE GREEK SUSTAINABILITY CODE

CRITERIA TO 1–4 CONCERNING STRATEGY
The criteria of this section form the basis of the Sustainability Code. The Organization answers how familiar it is with the challenges, opportunities and risks that are associated with its core activities in terms of Sustainable Development and Corporate Responsibility and which its activity should face up to. The Organization answers if it has a plan for how it wish to handle them in the medium and long term, if it sets clear goals – derived from them – to address social and environmental challenges in a proactive way and if it is already keeping an eye on  its entire value chain – from the extraction of raw materials to disposal. By reporting in detail on the following four criteria, the Organization will be laying the foundation for satisfying the Sustainability Code and it will be preparing the ground so it will be able to handle all further topics well, too.

1. Strategic Analysis & Action  
The Organization discloses how it analyzes the opportunities and risks of its major activities in the context of Sustainable Development. 
The Organization explains what concrete measures it is undertaking to operate in compliance with the essential and recognized sector-specific, national and international standards.

2. Materiality  
The Organization discloses what aspects of Sustainable Development & Corporate Responsibility have a significant impact on its operations and how, in its strategy, it takes them into account and systematically addresses them.

3. Objectives  
The Organization discloses what qualitative and/or quantitative Sustainable Development & Corporate responsibility goals are set and operationalized, and how their level of achievement is monitored.

4. Management of Value Chain  
The Organization states what significance aspects of Sustainable Development & Corporate Responsibility have for added value and how deep into the value-added chain the sustainability criteria are verified.

CRITERIA TO 5–10 CONCERNING PROCESS MANAGEMENT
The following six criteria describe how the Organization efficiently and systematically manages Sustainable Development and Corporate Responsibility. This ranges from questions such as who is responsible and whether there are rules and processes that guide the work to whether key data exist which make any progress and developments visible. The Organization answers if there are incentives – material or non-material ones– that motivate the executives and employees to steadfastly pursue sustainable development and corporate responsibility targets, if the Organization also attends to the opinion of groups outside its activity who have identifiable interests in its development and if it is taking into consideration the demands of sustainable development and corporate responsibility when it improves products or services.

5. Responsibility  
Organization’s accountability level in the corporate management and the involvement of the administration with regard to Sustainable Development & Corporate Responsibility is disclosed.

6. Rules & Processes  
The Organization discloses how the Sustainable Development & Corporate Responsibility strategy is implemented in its operation by way of rules and processes.

7. Monitoring 
The Organization discloses how and what performance indicators  (KPI’s) on sustainable development & corporate responsibility are integrated into its periodical internal planning and control and how the reliability, comparability and consistency of the data applied to internal controls and external communication are safeguarded through appropriate processes.

8. Incentive and reward systems for Sustainable Development  
The Organization discloses how target agreements and remuneration schemes for executives and employees are also geared towards the agreed goals and how they are aligned towards long-term value creation. It discloses the extent to which the achievement of these goals forms part of the evaluation of the top managerial level (board / managing directors) conducted by the monitoring body (supervisory board / advisory board).

9. Stakeholder Engagement  
The Organization discloses how the socially and economically relevant stakeholders are identified and integrated into the Sustainable Development & Corporate Responsibility process. It is disclosed whether and how an ongoing dialogue takes place with them and how the results are integrated into the Sustainable Development & Corporate Responsibility process and strategy.

10. Product Responsibility and Innovation   
The Organization discloses how the principles of Sustainable Development, Corporate Responsibility & energy efficiency are taken into consideration with regard to innovations in products and services (e.g. utilization of resources, energy saving and responsible use of products by customers). Likewise, a further statement is made with regard as to how the current and future impact of the key products and services in the value chain and in the product life cycle are assessed.

CRITERIA TO 11–13 CONCERNING ENVIRONMENT
The questions in this section focus on the environmental aspects of Sustainable Development and Corporate responsibility. The Organization has to answer if it has a good overview of what natural resources it uses and to what extent. If he has set goals to cut this consumption and how it aims to achieve them. If it you balances its greenhouse gas emissions and if it has formulated goals for their reduction targets.

11. Usage of Natural Resources  
The Organization discloses the extent to which natural resources are used for its activities, providing information even for energy controls. Possible options here are materials, the input and output of water, soil, waste, energy, emissions, land and biodiversity as well as emissions for the life cycles of products and services.

12. Resource Management   
The Organization discloses what qualitative and quantitative goals it has set itself with regard to its resource and energy efficiency, its use of renewables, the increase in raw material productivity and the reduction in the usage of ecosystem services, and how these goals have been met or will be met in the future.

13. Climate-relevant emissions   
The Organization discloses the GHG emissions in accordance with the Greenhouse Gas (GHG) Protocol or standards based on it and states the goals it has set itself to reduce emissions.

CRITERIA TO 14–20 CONCERNING SOCIETY
The seven criteria of this section deal with the social issues of Sustainable Development and Corporate Responsibility that are relevant to an Organization – starting with the questions about whether the Organization respects basic employment rights; how it deals with the issues of equal opportunities, health and the work-life balance; and how it helps to make and keep the workforce employable in the face of demographic changes. Aspects that are also significant are human rights in the supply chain, the role of the Organization in the region, and whether and how it tries to influence political decisions. Finally, the Organization is asked to explain what it is doing to counter the risk of bribery.

14. Employment Rights   
The Organization reports on how it complies with the employment rights of both nationally and internationally recognized standards and how it promotes employee involvement in Sustainable Development & Corporate Sustainability Management.

15. Equal Opportunities      
The Organization discloses in what way it has implemented national and international processes/principles and what goals it has set to promote equal opportunities and diversity, occupational health and safety, the integration of migrants and people with disabilities, fair pay as well as a work-life balance.

16. Qualifications  
The Organization discloses what goals it has set and what measures it has taken to promote the employability of all employees, i.e. the ability of all employees to participate in the working and professional world, and to adapt it to demographic change.

17. Human Rights in the supply chain  
The Organization discloses what measures it takes for the supply chain with the aim of ensuring that human rights are respected globally and that forced and child labour as well as all forms of exploitation are prevented.

18. Corporate Citizenship  ​ 
The Organization discloses how it contributes to corporate citizenship in the regions in which it conducts its activity (the criterion refers to the Organization’s commitment that overcomes the boundaries of its direct operation with regard to Sustainable Development & Corporate Responsibility and covers issues of sponsorships, donations and employees’ volunteering).  

19. Initiatives and Political Influence   
The Organization discloses, by country, all significant input relating to legislative procedures, all entries in lobby lists, all significant payments of membership fees, all contributions to governments as well as all donations to political parties and politicians. 

20. Corruption prevention and alleviation 
The Organization discloses which measures, standards, systems and processes are in place to prevent unlawful conduct and, in particular, corruption, and how they are verified. The Organization depicts how corruption and other contraventions in the company are prevented and exposed and what sanctions are imposed.

Β) INDICATIVE PERFORMANCE INDICATORS

The participating Organizations/Companies in the Sustainability Code can report on the basis of GRI/G4 Sustainability Indicators and EFFAS Indicators in view of meeting the demands of the financial analysts. The aforementioned indicators are indicative and every Organization can also use sector-specific indicators. The proposed performance indicators on the following table are used in order to simplify reporting of non-financial data. 
 

Strategy: criterion 1 - Strategic Analysis & Action  
G4-2 Key impacts, risks and opportunities of an Organization.
G4-15 Initiatives and standards to which the organization subscribes or which it endorses. 
EFFAS S07-02 II Percentage of total facilities certificated according to SA 8000 standard.
 
Strategy: criterion 2 - Materiality
G4-19 All the material Aspects identified in the process for defining report content.
EFFAS Not applicable
 
Strategy: criterion 3 - Objectives
G4 Not applicable
EFFAS Not applicable
 
Strategy: criterion 4 - Management of value chain
G4-8 Markets served.
G4-12 Describe the organization’s supply chain.
G4-21 For each material Aspect, the Aspect Boundary outside the organization is reported, as follows:
• Report whether the Aspect is material outside of the organization.
• Report any specific limitation regarding the Aspect Boundary outside the organization.    
EFFAS Not applicable
 
Process Management: criterion 5 - Responsibility
G4-35 Authorities for economic, environmental and social topics.
EFFAS Not applicable
 
Process Management: criterion 6 - Rules & Processes
G4-56 An Organization’s values, principles, standards and norms of behavior such as codes of conduct and codes of ethics.
EFFAS S07-02 II Percentage of total facilities certificated according to SA 8000 standard.
 
Process Management: criterion 7 - Monitoring
G4 Not applicable
EFFAS Not applicable
 
Process Management: criterion 8 - Incentive and reward systems for Sustainable Development  
G4-51a Remuneration policies for the highest governance body and senior executives.
G4-51b Relation of performance criteria in the remuneration policy with the highest governance body’s and 
Senior executives’ sustainability objectives.
EFFAS Not applicable.
 
Process Management: criterion 9 - Stakeholder Engagement  
G4-24 List of stakeholder groups engaged.
G4-27 Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting. Report the stakeholder groups that raised each of the key topics and concerns.
EFFAS Not applicable
 
Process Management: criterion 10 - Product Responsibility and Innovation   
G4-EN5 Energy intensity.
G4-EN6 Reduction of energy consumption.
G4-EN27 Extent of impact mitigation of environmental impacts and of products and services.
EFFAS E13-01 Improvement rate of product energy efficiency compared to previous year.
EFFAS V04-12 Total investments in research on ESG relevant aspects of business as defined by company such as e.g. eco-design, eco-efficient production processes, decreasing impact on biodiversity, improving health and safety conditions of employees or supply chain partners, consulting on integration of ESG aspects in change management, development of products to exploit ESG opportunities etc. in monetary terms, i.e. currency as a percentage of revenue.
 
Environment: criterion 11 - Usage of Natural Resources  
G4-EN1 Materials used by weight or volume.
G4-EN3 Energy consumption within the organization.
G4-EN7 Reduction in energy requirements of products and services. 
G4-EN23 Total weight of waste by type and disposal method.
EFFAS E04-01 Total Waste in tones.
EFFAS E05-01 Percentage of total waste which is recycled.
EFFAS E01-01 Total energy consumption.
 
Environment: criterion 12 - Resource Management   
G4-EN1 Materials used by weight or volume.
G4-EN3 Energy consumption within the organization.
G4-EN7 Reduction in energy requirements of products and services. 
G4-EN8 Total water withdrawal by source.
G4-EN23 Total weight of waste by type and disposal method.
EFFAS E04-01 Total Waste in tones.
EFFAS E05-01 Percentage of total waste which is recycled.
EFFAS E01-01 Total energy consumption.
 
Environment: criterion 13 - Climate-relevant emissions   
G4-EN15 Direct greenhouse gas (GHG) emissions (Scope 1).
G4-EN16 Energy-related indirect greenhouse gas (GHG) emissions (Scope 2).
G4-EN19 Reduction of greenhouse gas (GHG) emissions.
EFFAS E02-01 GHG emissions, total (Scope 1, 2).
 
Society: criterion 14 - Employment Rights       
G4-LA9 Average hours of training per year per employee, by gender and by employee category. 
G4-LA12 Composition of governance bodies and breakdown of employees per employee category according to gender, age group, minority group membership, and other indicators of diversity. 
EFFAS S03-01 Age structure/distribution (number of FTEs per age group, 10-year intervals).
EFFAS S10-02 Percentage of female FTEs in senior positions in relation to total FTEs in senior positions.
 
Society: criterion 15 - Equal Opportunities
G4-LA6 Type of injury and rates of injury, occupational diseases, lost days and absenteeism, and total number of work-related fatalities, by region and by gender.
G4-LA9 Average hours of training per year per employee, by gender and by employee category. 
G4-HR3 Total number of incidents of discrimination and corrective actions taken.
EFFAS S10-01 Percentage of female employees in relation to total employees.
EFFAS S10-02 Percentage of female FTEs in senior positions in relation to total FTEs in senior positions.
EFFAS S02-02 Average expenses on training per FTE per annum.
 
Society: criterion 16 - Qualifications
G4-LA1 Total number and rates of new employee hires and employee turnover by age group, gender and region. 
G4-LA9 Average hours of training per year per employee, by gender and by employee category. 
EFFAS S03-01 Age structure/distribution (number of FTEs per age group, 10-year intervals).
 
Society: criterion 17 - Human Rights in the supply chain  
G4-HR1 Total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening.
G4-HR9 Total number and percentage of operations that have been subject to human rights reviews or impact assessments.
G4-HR10 Percentage of new suppliers that were screened using human rights criteria.
G4-HR11 Significant actual and potential negative human rights impacts in the supply chain and actions taken.
EFFAS S06-01 Percentage of total suppliers and supply chain partners screened for compliance in accordance with ESG criteria.
EFFAS S06-02 Percentage of suppliers and supply chain partners audited for compliance.
 
Society: criterion 18 - Corporate Citizenship   
G4-EC1 Direct economic value generated and distributed.
G4-EC7 Development and impact of infrastructure investment and services supported.
EFFAS Not applicable
 
Society: criterion 19 - Initiatives and Political Influence   
G4-SO6 Total value of (financial and in-kind) political contributions made directly and indirectly by the organization by country and recipient/beneficiary.
EFFAS G01-01 Contributions to political parties as a percentage of total revenues.
Society: criterion 20- Corruption prevention and alleviation 
G4-SO3 Total number and percentage of operations assessed for risks related to corruption and the significant risks identified.
G4-SO5 Confirmed incidents of corruption and actions taken.
G4-SO8 Monetary value of significant fines and total number of non monetary sanctions for non-compliance with laws and regulations.
EFFAS V01-01 Expenses and fines on filings, law suits related to anti-competitive behavior, anti-trust and monopoly practices.
EFFAS V02-01 Percentage of revenues in regions with Transparency International corruption index below 60.

 
















 

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