HRADF has already forged and evolves the Sustainability/ESG Policy to attract responsible investments for the benefit of the Greek economy and society while contributing to the achievement of the energy and climate goals set by the country.
According to HRADF’s founding law, “in pursuing the purpose of the Fund, particular care shall be taken to contribute to the achievement of the objectives of the European Green Deal and the 17 Sustainable Development Goals (SDGs) of the United Nations”.
The guidelines for the incorporation of the principles of sustainability and the adoption of ESG (Environmental, Social and Corporate Governance) criteria during the implementation of the Fund’s programme are indicatively related to the following sectors:
HRADF, in cooperation with the European Bank for Reconstruction and Development (EBRD) and Global Sustain, created a digital ESG Rating Tool to evaluate the sustainable performance of its portfolio’s assets by using key performance indicators (KPIs). The ESG Rating tool is based on best international practices and frameworks. It aligns with the Sustainable Development Goals (SDGs) and significant funding and investment institutions’ environmental and social performance requirements, like the EBRD’s Performance Requirements. The ESG Rating tool allows the user to:
Finally, the Fund participates in the National Council for Circular Economy of the Ministry of Environment and Energy, as a member of the Working Group on “Sustainable Financing”.