Penelope Lazaridou (GEK TERNA): ESG is a prerequisite for value maximization

Energy, Concessions and Infrastructure are the triptych of the most promising sectors of the Greek economy in the coming years, according to what Penelope Lazaridou, executive member of the Board of Directors and General Manager of financial services of the GEK TERNA Group, reported at the recent Economist conference.

In fact, according to Ms. Lazaridou, especially for energy, the recent international developments have simply confirmed what should have been a commonplace in our country for years: that is, it is necessary to wean ourselves off imported fossil fuels and focus on domestic sources of clean energy, in storage and interconnections, in order to achieve energy security, but also competitive energy costs for businesses and households.

Ms. Penelope Lazaridou noted that our country has the ability to speed up projects that contribute to the production and storage of clean energy and ensure energy autonomy for Greece, a strategy with which the Greek government is already gradually aligning, utilizing in this direction and the next generation of European funds (Next Generation EU Funds).

Special mention was also made of diversified investments that combine a number of sectors and features such as the integrated tourism and entertainment complex with Casino in Hellinikon (Athens IRC) in the heart of the Athenian Riviera, as well as infrastructure projects that accelerate the digital transition such as the project of expansion of Ultra Fast Broadband throughout the country.

Additionally, commenting on the increasingly intense discussion around ESG, he underlined that doing business in a sustainable way, with respect for the environment, with a substantial social contribution and with good corporate governance, is not just a recent trend, but a necessary condition for creating and value maximization.

For this and according to Ms. Lazaridou requires ESG to be an integral part of the business operation and not a parallel detached entity, to integrate the ESG principles into the daily decision-making process, but also to adequately communicate the alignment of the business operation with the ESG principles to all interested parties .

Source: Capital

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