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Piraeus Port Authority Presents Its Corporate Responsibility Report 2018

Piraeus Port Authority presents its Corporate Responsibility Report 2018

Piraeus Port Authority Presents Its Corporate Responsibility Report 2018Source: Hellenic Republic Asset Development Fund

Piraeus, Greece (PortSEurope) June 25, 2019 – Piraeus Port Authority SA (PPA) has presented its Corporate Responsibility Report 2018 which details all the responsible actions and policies that the company implements, as well as its impact on the wider society, the environment, the local and national economy, and adopting contemporary standards of transparency.

The socio-economic footprint of PPA for 2018, based on the company’s data, international models and statistical sources, is estimated as follows:

  • In total, the financial added value of PPA corresponds to 0.4% of GDP. More specifically, €18.3 million ($20.86 million) were paid in taxes and €14.3 million in income taxes.
  • €49 million were spent totally in 1,272 local and national suppliers.
  • €426,000 were invested in Corporate Responsibility initiatives.
  • PPA has created 1,016 direct jobs, 1,903 indirect jobs and 1,190 induced jobs. Respectively, over €4.2 million were invested to ensure the health and safety of the employees.
  • € 1.8 million was invested in services aiming to protect the environment and reduction of the greenhouse gas emissions by 11% through the installation of a photovoltaic system, which corresponds to a reduction of 600 tons CO2.

PPA CEO Captain Fu Chengqiu said: “PPA is fully aware of its responsibility in social, cultural and environmental matters and through its operations and business decisions, respects, protects and promotes the concept of Corporate Responsibility”.

Piraeus Port Authority is operated by China’s COSCO Shipping Ports Limited.

Source: PPA

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