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Publication of non-financial data

THE GREEK SUSTAINABILITY CODE as an application tool

From mandatory character to the strengthening of the competitiveness of Greek businesses

 

The recently published guidelines for the application of European and national policies (N. 4403/2016) with regards to the transparency and the self-commitment of companies on issues of sustainable development and responsible business as well as to the measurement of their economic,  environmental and social performance, gives outmost importance to the development of an effective reporting framework and the integration of principles of sustainable development in their business and operational models.

The business community must respond to the challenge of harmonizing the above Guidelines with a deadline up until 30th September 2017.

COMPANIES THAT ARE AFFECTED

Listed companies: 

  • Companies with 500 or more employees,
  • Companies with up to 500 employees
  • Subsidiaries in Greece of listed companies in their country of origin 

 

Non-listed companies: 

  • Large companies with an average number of employees more than 250 and a turnover larger than 40.000.000 euros,
  • Medium-size with an average number between 50-249 employees and a turnover from 8.000.000 up until 39.999.999 euros
  • Small size with an average number between 10-49 employees and a turnover from 700.000 up until 7.999.999 euros.

THE GREEK SUSTAINABILITY CODE RESPONSE TO THE DIRECTIVΕ

The GREEK SUSTAINABILITY CODE responds to the requirements of the EU Directive and the Greek legislation with regards to the publication of non-financial data. The Code can be used as the Management Report/Non-financial data report and to be part of the financial report of the company.

The GREEK SUSTAINABILITY CODE constitutes a structured system with holistic approach that incorporates a series of international standards and frameworks that are used by medium-size and multinational companies (GRI, UN Global Compact, ISO, EFFAS, EMAS etc).

PRESENTATION

PRESS HERE

TABLE OF THE GREEK SUSTAINABILITY CODE AND ITS CONNECTION TO THE REQUIREMENTS OF THE DIRECTIVE 
PRESS HERE

THE ADDED VALUE

OF THE GREEK SUSTAINABILITY CODE

Be appointed as Sustainable Company

You can be connected to Networks of Responsible Suppliers

HOW TO PARTICIPATE

TRAINING SEMINARS

PUBLICATION

OF NON-FINANCIAL DATA

«Use & Apply the GREEK SUSTAINABILITY CODE»

COMPANIES

19 & 21 July

 

7 & 14 September

CONSULTANTS

20 July

 

6 September

AUDITORS

19 & 20 September

MORE INFORMATION

Get first hand information from experts

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Time to integrate the Sustainability Reporting - The collaboration of the different frameworks

 

Richard Howitt

CEO International Integrated Reporting Council

 

«There is a growing trend towards integration and convergence of all different standards as far as non-financial reporting is concerned. Greek companies must focus on materiality. One example of integrated reporting is the Greek Sustainability Code which follows this overall philosophy. The Code is a simple, concise tool that helps Greek companies to follow these trends and realize what it really matters and is important to their business»

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The legislative framework

on the publication of non-financial data

 

Mr. Gerasimos Georgopoulos

Head of Unit of Institutional Regulations

and Business Register (GEMI)

 

“Greek companies must realize that the publication of their non-financial data will contribute to the strengthening of their competitiveness since the information will be available in the European market as a whole”

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Sustainable Finance

 

Mrs. Charoula Apalagaki

General Secretary, Hellenic Bank Association

 

«Sustainable development has been around for many years. In the Greek market there are many examples with regards to these issues in the Greek legislation at the Symvoulio tis Epikrateias from the 90s & 2000s.

Sustainable development is now well established on a legal basis.  This is due to the fact that the way a company operates contributes to sustainable financing. The compatibility of businesses with the Greek Sustainability Code can provide a confirmation of their responsible operation, thus facilitating their financing. The first two pillars of the Greek Sustainability Code, in terms of strategy and processes, point out the way a business operate, very important to financial institutions when they make risk assessments in connection to financing.»

PARTICIPATING COMPANIES
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THE GREEK SUSTAINABILITY CODE

is the result of the cooperation between

 

QualityNet Foundation (QNF)

with the

German Council for Sustainable Development (RNE)

 

 

 It is based upon the German Sustainability Code

Which is officially recognized as a reporting framework

which responds to the EU Directive  

Taking into account that the issues of sustainable development and responsible business can strengthen the competitiveness of your business through:

 

1.

the acquisition of capital as a result of the positive evaluation from the financial market and the international investor funds

 

2.

the enhancement the export activity of Greek businesses

 

3.

the adhesion to international networks of responsible suppliers

 

QNF’s team is here to support your business to incorporate the principles of Sustainable Development

 

How we can support you

sustainablegreece2020.com

greekcode.sustainablegreece2020.com

You can contact us at +30  2106898594

Mrs. Argyro Gialamprinou,

Project Manager, [email protected]

 

Mrs. Vasia Logotheti,

Senior Executive, [email protected]

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