Introduction

Introduction

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.

 

PART A’: CRITERIA AND PERFORMANCE INDICATORS

The Part “A” of the Οpen Consultation process document of the Greek Sustainability Code involves the 4 pillars and the 20 criteria of the Code as well as recommended performance indicators. The recommended performance indicators are based on the International Standard GRI/G4. They are indicative and not obligatory while each participant Organization can use more sector-specific indicators relevant to it specialized field of activity.

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In respect of the information given in the tables of the following Part “A”, you are kindly requested to post your remarks or suggestions with regards to: a) the criteria of the Greek Code and b) the additional sector-specific indicators to the following link: http://consultation.sustainablegreece2020.com.

 

PART B’: LEVELS OF PARTICIPATION

The Greek Sustainability Code adapts to the particularities of the Greek market in terms of the size of the Organizations/Companies by using successive levels. Thus, each Organization that desires to be linked with Sustainable Development and Corporate Responsibility issues can participate in the Greek platform of sustainability, filling in on the different levels of the Greek Sustainability Code depending on the degree of maturity of its internal management and procedures. For this reason, we invite all the Organizations no matter of their size to get linked with the issues of Sustainable Development and Corporate Responsibility through a systematic approach and procedures that each Organization already implements and can vary depending on the legal or regulative context applied.

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The 4 Levels of the Greek Sustainability Code are the following:

Level 1: it is intended for very small Organizations/Companies that do not have a systematic approach on the issues of Sustainable Development and Corporate Responsibility. On this level the Organizations can be linked to the Greek Sustainability Platform.

Level 2: it is intended for small and medium Organizations/Companies that do have a systematic or not approach on the issues of Sustainable Development and Corporate Responsibility. On this level the Organizations can be linked to the Greek Sustainability Platform.

Level 3: it is intended for medium and big Organizations/Companies that do have a systematic or not approach on the issues of Sustainable Development and Corporate Responsibility. On this level the Organizations can be linked to the European Sustainability Platform.

Level 4: it is intended for medium and big Organizations/Companies that do have a systematic approach on the issues of Sustainable Development and Corporate Responsibility. On this level the Organizations can be linked to the European Sustainability Platform. 

No matter of its size, each Organization can choose its preferable  level of conformity and each consecutive year depending on its development it can move on to an upgraded level of conformity.

Taking into consideration the indicative levels of participation in the Greek Code and the relevant criteria as they are listed in the Table of Part “B”, please post comments or suggestions, if any, with regards to the levels of participation and the criteria included to the following:  http://consultation.sustainablegreece2020.com.

 

PART C’: METHODOLOGY OF ASSESSMENT OF ORGANIZATIONS

The Part “C” of the Consultation Document of the Greek Sustainability Code involves the assessment methodology to be used for the Organizations based on their response to the Greek Sustainability Code. The Organizations will be assessed according to the degree of the implementation of the Greek Sustainability Code criteria. The assessment follows the approach of an Organization to the Greek Code criteria.

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The assessment will provide a total ranking of the participant Organizations at a national level as well as a ranking per level of compliance to the Code.

The assessment sets the following goals:

  • The creation of a tool/methodology that can be used by larger Organizations, financial institutions etc for the assessment of the performance of Organizations in Greece in the fields of Sustainable Development and Corporate Responsibility.
  • To provide incentives to mostly smaller and less mature in the field of Sustainable Development Organizations in order to improve their performance.

Through the implementation of the Greek Code and the collection of information from Organizations of different size, legal status and specialization, the assessment can be substantially improved in order to assess an Organization against its competitors (benchmarking).

The tables used on the present document show the way the Organizations are assessed based on their conformity (Comply) with the criteria of the Greek Sustainability Code or their explanation (Explain) for the inability to comply with the criteria.

In respect of the information given in the tables of the following Part “C”, you are kindly requested to post  your remarks or additions –if any- with regards  to the description of the specific data to be assessed to the following link: http://consultation.sustainablegreece2020.com.

The Consultation is opened from 9th to 29th February 2016.