PPC has marked a notable advancement with a 17-point upgrade in the global Corporate Sustainability Assessment (CSA) by S&P Global, achieving a score of 42 for 2024, an increase from 25 in 2023. Additionally, its ESG score has risen from 37 to 44 this year.
This upgrade in the S&P Global assessment highlights PPC’s advancements in Environmental, Social, and Governance (ESG) practices. Key factors contributing to this improvement include the company’s initiatives to lower its carbon footprint, expand its renewable energy portfolio, and the establishment of science-based greenhouse gas emission reduction targets, which have received endorsement from the Science Based Targets initiative (SBTi).
PPC is the first energy group in Greece to set targets that align completely with the Paris Agreement, aiming for a 73.7% reduction in Scope 1 and 2 emissions per generated MWh by 2030, and a remarkable 98.6% reduction by 2040 (with a base year of 2021).
Investments Focused on Sustainability
The PPC Group, a leading energy company in Southeastern Europe, is undergoing an extensive transformation aimed at becoming a modern, financially resilient, and environmentally sustainable organization. Its revised business plan for the period 2025-2027 involves investments totaling €10.1 billion, concentrating on Renewable Energy Sources, infrastructure, flexible generation, and innovative customer solutions in Greece and the wider Southeastern European region. PPC is actively developing 5.6 GW of renewable energy sources, with a goal to reach 11.8 GW of installed capacity by 2027.
Of particular note is the commitment to phase out lignite by 2026 and reduce oil-fired generation, which is expected to result in an 80% decrease in greenhouse gas emissions from electricity production between 2019 and 2027.
Moreover, PPC Group is laying a solid foundation for future growth in Greece and Southeastern Europe, shaping the region’s energy and digital landscape while continuing to act as a responsible and valued social partner across all its markets.
