55
T
he CSR Governance System serves as
the foundation of our corporate ap-
proach to the concept of CSR. The man-
agement of the issues related to responsi-
ble entrepreneurship is a responsibility
shared by all senior and top management
executives of our Group, and covers all the
policies adopted and all the actions taken
in order to fulfill the expectations of our
Stakeholders, over and above our statutory
obligations. The integration of this system
in the Group's organisational structure re-
lies on a uniform set of procedures and on
a specific reporting hierarchy, designed to
overcome any obstacles which might result
from the particular characteristics of our in-
dividual business activity sectors.
OBJECTIVES
OF THE
CSR GOVERNANCE
SYSTEM
(a) To highlight the scope and
breadth of the relevant con-
cepts, with the ultimate goal
of preventing business, social
and environmental risks.
(b) To identify and implement
policies and initiatives that
will substantially contribute
to the achievement of Sus-
tainable Development; and
(c) To balance the economic, so-
cial and environmental im-
plications of the Group's
business activities, while gen-
erating value for our share-
holders and all other Stake-
holder groups in general.
D E S C R I P T I O N O F T H E C S R G O V E R N A N C E S Y S T E M
GROUP CSR COMMITTEE
The Group CSR Committee is established at the level of the Group’s Board of Directors, includes the
Group Chairman in its members and its primarily responsible for supervising and ensuring the correct
implementation of the Corporate Social Responsibility in the Group in terms of policies, targets, ac-
tions and results in connection with environmental, social and ethical issues. It may also act in the
capacity of advisor to the Group’s Executive Management and to the relevant Board Committees on
the above issues, to assist their implementation in a more complete manner.
GROUP COMMUNICATION DEPARTMENT
With its crucial coordinating role, the Group Communication Department is responsible for provid-
ing support to all our subsidiaries, in order to ensure compliance with the relevant standards and goals
of the Group.
CSR TEAMS OF GROUP COMPANIES
The individual CSR Teams of our subsidiaries operate within specific and clearly defined boundaries
of responsibilities and obligations, in order to ensure the implementation of the Group’s policies and
the realization of the individual CSR programmes.
DIALOGUE & COLLABORATION WITH STAKEHOLDERS
Our collaboration with our Stakeholder groups demonstrates our desire to remain tuned in to their
expectations in the context of Sustainable Development, seeking to jointly work out and promote
acceptable solutions to the issues that concern us, to the extent to which this is feasible.
COMPANY CODES
Key to the governance of CSR and to ensuring the commitment of the entire Group to the CSR re-
quirements is the compliance with the Professional Ethics Code, which covers the rules of acceptable
conduct regarding the Management’s conduct towards its employees and the rules that govern the
conduct of our employees between themselves and towards third parties, especially towards our Stake-
holder groups. Of equal importance is the compliance with our newly-introduced Code of Conduct
for Supplies and Business Partners, which describes our minimum requirements/expectations from our
supply chain actors regarding CSR-related issues as a key precondition for entering into any commercial
association with them.
7.3 CSR GOVERNANCE SYSTEM
