In the Athens Stock Exchange‘s ATHEX ESG index, which measures the impact and performance of businesses on the environment and society, EYATH SA was included.
In particular, in the regular six-month review of the composition of its stock market indices, the Athens Stock Exchange announced thirteen additions to the ATHEX ESG index, among which EYATH S.A. This index, which includes up to 60 shares of companies that meet the relevant eligibility criteria, monitors the stock market performance of listed companies that adopt and promote their Environmental, Social and Corporate Governance (ESG) practices.
As the company states in its announcement, EYATH’s inclusion in the index is a “reward” for its dedication to environmental care, social solidarity and good governance, respect for the legislative framework and regulations, as well as the constant pursuit of a safe working environment, without discrimination and prejudice. It also highlights its consistent strategic planning for sustainable development and contribution to the national, European and international goals of the “green” transition.
A challenge for the future
The president of EYATH, Agis Papadopoulos noted the firm’s turn to sustainability ‘investments’, incorporating non-financial terms into decision-making. The adoption of ESG criteria shows exactly this solid, transparent, coherent strategy towards sustainable development, which the inclusion in the relevant index confirms, but also acts as a spur for further efforts.
“Transparent and useful tool”
It is recalled that this specific index was designed to provide a transparent and useful tool, which investors can incorporate into their investment strategy. At the same time, it motivates listed companies to publicize data related to the adoption of Environmental, Social and Corporate Governance (ESG) practices and, therefore, to take more initiatives on these issues. For the inclusion of a company in the specific index, criteria such as the percentages of its shareholders’ participation in its share capital (dispersion data), the market value of each share and, above all, the evaluation score from the National and Kapodistrian University of Athens, are taken into account. The review and evaluation of the composition of the index is carried out every six months.
The data on the basis of which EYATH was evaluated are published in the company’s Sustainability Report for 2021, which was structured in accordance with the reporting standards of the internationally recognized GRI initiative, as well as in accordance with the guidelines of the ESG Information Disclosure Guide 2022 of the Athens Stock Exchange .
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%