MYTILINEOS: A Greek industrial company sets the sustainable growth agenda worldwide
Today, investors are becoming increasingly concerned in screening potential investments based on the areas of environmental, social, and governance (ESG) criteria. Interest has been growing the last couple of years, but at this pivotal time with the challenge of climate change, it is more than clear that companies need to generate specific beneficial social or environmental effects in addition to financial gains.
Taking into consideration the immense need for action in this field, it however needs to be ensured that the right conditions are there, to push ahead with climate ambition, while safeguarding or even boosting the global competitiveness and simultaneously encouraging countries, industries and corporates to take significant steps to this direction.
Let’s take a deep dive to the example of a Greek company, MYTILINEOS, a leading global industrial and energy company with a strong presence in all five continents, which has recently announced ambitious goals, targeting to become a carbon neutral development & constructions company, a global benchmark for Green Metallurgy and a catalyst for a low-emission Greek electricity market. More specifically, the company aims to reduce the total direct and indirect CO2 emissions by at least 30% by 2030, while by 2050 it commits to achieve net zero emissions across its entire business activity.
As Evangelos Mytilineos, Chairman and CEO of MYTILINEOS said: “We need to ensure that the right conditions are in place, to push ahead with climate ambition, while safeguarding or even boosting the global competitiveness of the European and Greek industry. We need to be bold in designing new, innovative tools, supporting the green transition of the European economy, including looking directly at the consumption side, especially when it comes to the energy-intensive industries”.
MYTILINEOS’ targets are a proofpoint that sustainable development is a key priority and a conscious self-commitment to continuous improvement for the company. Its strategy for sustainable development, has always been based on the harmonious co-existence between its business activities and its visionary policies. Its policy is fully in line with the 17 Global Sustainable Development Goals, as set by the United Nations and its framework of actions incorporates social and environmental practices and commitments, remains a step further ahead of the Greek and European regulatory requirements.
But this is not something new for MYTILINEOS, a company that has invested heavily on sustainability which is embedded in its corporate DNA. The company pursues its development through its business model, responding to the global challenges of Sustainable Development. With a synergistic business model, MYTILINEOS applies all best practices in corporate governance and manages economies of scale by intertwining the focus of all its Business Units; Metallurgy, Power & Gas, Renewables & Storage Development (RSD) Business Unit and Sustainable Engineering Solutions BU (SES BU).
The company's focus on sustainability was further strengthened by the subsidiaries EPALME, which is the largest independent producer of recycled aluminum (secondary) and Zeologic, a startup specialized in the provision of innovative solutions in the field of liquid and solid waste management.
Today, MYTILINEOS aims to be a responsible global citizen on climate change. It’s now time for more industries in Greece and Europe to follow this example looking forward to creating a new era for green Industrial production.
