Our first Sustainability Statement outlines our strategic approach to Environmental, Social and Corporate Governance issues, for a greener future
2024 was a milestone for Principia. We published our first Sustainability Statement, which is fully aligned with the European Sustainability Reporting Standards (ESRS), and highlights our strategic approach to Environmental, Social and Corporate Governance issues. We are proud to clearly and transparently demonstrate our commitment to progress, innovation and responsible development.
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Principia's CEO, Aristotelis Chantavas, said: "Sustainability for Principia is not a trend – it's a commitment. Our first Sustainability Statement clearly captures our ambition: to lead the energy transition with responsibility, innovation and a real impact on people's lives. We are here to create value – for society, the environment and future generations."
Here are our significant performances in Environmental, Social and Corporate Governance issues.
Environment
The heart of our activity is the production of clean energy, with 66 RES projects and a total capacity of 577 MW. In 2024, more than 1,133 GWh of electricity was produced, capable of meeting the needs of hundreds of thousands of households. At the same time, we completed the construction of the Perasma Solar Cluster with a total capacity of 95 MW in Western Macedonia and started the development of our first energy storage project (BESS), in Chalkidiki.
Our energy efficiency is constantly improving:
- Energy consumption: 7,182 MWh
- Energy intensity: 43
- GHG (location-based) emission intensity: 19
- Scope 1 emissions: 340 tCO₂eq
- Scope 2 emissions: 1,970 tCO₂eq
Our commitment to net-zero operation by 2040 is based on a targeted reduction of greenhouse gas emissions, as well as the integration of Scope 3 emissions. At the same time, we implement biodiversity protection actions in all our projects, while the construction and operation of our parks are harmonized with rigorous environmental studies. It is noteworthy that no pollutants were recorded in 2024 on land, water or air - a clear indication of our responsible and sustainable operation.
Society
Principia is its people. Our workforce consists of 137 employees in Athens, Alexandroupolis, Patras, Evia and Kozani. We emphasize safety, diversity, equality and lifelong learning.
Health & Safety
In 2024 we achieved zero accidents, exceeding 400,000 incident-free man-hours. Our distinction as a Health & Safety WINNER at the Health & Safety Awards 2024 confirms our commitment to a completely safe working environment.
Human Resources & Education
- Women: 48 (35%) - Men: 89 (65%)
- Age distribution: 9% <30, 87% 30–50, 4% >50
- Average hours of training: 32
Work-Life Balance
- 48% of employees have children
- 32% used parental leave
Social Contribution
Principia always works in collaboration with local communities. In 2024 we implemented 36 social initiatives supporting the work of 21 organizations and NGOs. Indicative actions include:
- Energy on the Go: 757 students and young people trained in green energy in 2024
- Renovation of the historic Elementary School of Sidera
- Support of the National Fire Service by providing a series of free educational seminars on the subject: "Ways to deal with fire in Renewable Energy Sources parks".
- Tackling energy poverty in Mavrodendri, Kozani
- Circular economy project "Kivotos" in Kozani
"Be The Hero", our company's multi-award-winning corporate volunteering program, is a living example of social contribution in practice. In 2024, 10 activities were carried out, with the participation of 80% of employees and more than 1,030 hours of volunteering.
Governance
The 2024 Sustainability Statement marks Principia's transition to a more mature and transparent operating model. We have established 8 Management Committees, which oversee sustainability issues, while the annual Sustainability Plan is approved by the management team.
ESG in practice
- 20% of the annual employee bonus is linked to ESG and safety indicators
- All employees attended employees attended workshops on the importance of the Sustainable Development Goals (SDGs)
Transparency & Compliance
- 0 Corruption incidents
- Implementation of Code of Conduct, Human Rights Policy and whistleblowing mechanism
- International Certifications:
- ISO 9001 – Quality
- ISO 14001 – Environment
- ISO 45001 – Health & Safety
- ISO 37001 – Anti-Corruption
Principia's 2024 Sustainability Statement is not just a record of numbers. It is proof that development can and must go hand in hand with responsibility, transparency and care for people and the environment. We envision a future in which energy, society and nature go together, with leadership that serves this purpose.
