Value Creation

Why is it material?

The company creates and distributes economic value in the economy and the society, and explores new ways to maximize that value through its products / services, and/or jobs. The term “value” includes the – monetary and non-monetary – benefits received by the social partners, which ultimately determine the value of the company itself.

Our approach

For the HELLENIC PETROLEUM Group, one of the leading groups in the field of energy in Southeastern Europe, the creation of added value for the economy and the society confirms the responsible attitude and the long-term contribution of the Group and its subsidiaries.

The Group implements significant investments, maintains a significant number of jobs and contributes to the improvement of economic figures in the countries in which it operates, producing, in parallel, indirect results in terms of growth, employment and national product. In addition, the Group, through its activities, collects and pays a significant part of the State’s indirect taxes (excise duty and VAT).

Of equal significance is the contribution of the Group to the broader society through targeted interventions, in the framework of its Corporate Social Responsibility policy, with an emphasis on vulnerable groups and support for the young generation.

Last but not least, at a global level, the Group’s social and economic footprint contributes to the collective effort for the fulfillment of the UN Sustainable Development Goals.

Our ambition

The goal of the Group is to maintain its competitive advantage and to increasingly adopt value creation for the economy and the society, taking into account the expectations of the social partners and listening to their wishes.