Hellenic Petroleum Group is being transformed

Hellenic Petroleum, one of the leading energy groups in SE Europe supported the 6^th HAEE Energy Transition Symposium that took place in Athens, from 28 September to 1 October 2021. The Symposium provided an open platform for dialogue and knowledge dissemination on the energy chain, offering the opportunity to the Group’s executives to present their energy transition related activities.

Hellenic Petroleum Group is rapidly transforming itself, based on its new strategic business plan for transformation and sustainable growth. The strategic plan, called "Vision 2025"aims to strengthen the Group’s position in the industry, making its activities compatible with the new international environment, enabling substantial growth in new, cleaner forms of energy and, at the same time, multiplying the value created for the stakeholders.

New strategic plan

This strategy is based on five key pillars: defining clear environmental objectives, realigning business strategy and capital allocation to these objectives, establishing an appropriate corporate structure, upgrading corporate governance and adopting a new corporate brand.

The Group remains focused on its vision and strategic goals, accelerating the processes to improve its environmental footprint by 50% by 2030, and a zero net emissions balance by 2050.

Diversified energy portfolio

Along with an extensive, diversified energy portfolio focusing on renewable energy, the Group is looking at opportunities in geothermal energy and the regulatory framework for offshore wind and is exploring expansion into the renewables sector at neighbouring markets. At the same time, it is making a dynamic entry into the growing market of electrification services, with an extensive network of Electric Vehicle charging stations across the country, as well as related services.

Strategy linked to 17 SDGs

The Group’s approach to setting a business direction based on the ESG criteria for the environment, society and corporate governance has been redefined and constitutes a central pillar of its plan to achieve sustainable development. At the same time, as active members of the United Nations Global Compact (UNGC), the Group’s strategic choices are linked to the 17 Global Sustainable Development Goals (SDGs).