“In September, for the first time, and long before the war broke out in Ukraine with the known consequences, I said that I think we rushed for the green transition and unfortunately this prediction turned out to be correct, and this also applies to Greece,” he said. and CEO of Mytilineos, Evangelos Mytilineos ..
“Clearly when we talk about ESG we are talking about three things that are related but in part,” he told a panel at the Capital Market Commission’s “The Future of Sustainable Financing” conference.
As he stressed, the issue of the environment, E (environment), separates it from S and to G (social criteria and governance criteria), because the last two companies have been implementing it for years and are very well organized. “We were in a hurry on the issue of ‘E’ and the banks took the lead in this hurry,” he stressed.
“E”, he added, is the most difficult of the three criteria and is subject to fluctuations that depend on companies and societies. “The problem for a Greek company is to pay salaries on the 31st of the month and not to excel at ESG. That is the problem, “said Mytilineos, president and chief executive officer.
He added that the ESG should gradually enter the DNA of companies through banks. The transition to be successful requires planning, costing and time and no small and medium Greek company is ready. “Nobody told us what the cost of climate change was and they never talked about security of supply as they took it for granted and they quickly realized that this is not the case and now we are running to find energy storage. I repeat, we rushed “, stressed Mr. Mytilineos. “The issue of E, the environment, we have to look at it from the beginning.”
Eleftheria Kourtali
Source: Capital
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