407th worldwide, up 57 places in an international survey
OTE is included in the global list of the top 1000 sustainable performance leaders, according to an international survey based on the GRI Sustainability Reporting Guidelines.
OTE is one of the merely 10 Greek companies included in the global list of the top 1000 sustainable performance leaders. Moreover, it is one of the 33 telecommunications companies included in the ranking amongst BT Group, Deutsche Telekom, France Telecom, Telefonica, Telecom Italia, TeliaSonera, Telenor, Verizon Communications etc.
According to the evaluation, OTE is fifth compared to the 10 Greek companies and 407th worldwide, while its ranking rose significantly compared to 2008 (57 places).
Qualified companies are publicly traded on a major global exchange and have a minimum market capitalization of $1 billion USD as of December 31st, 2009. The evaluation is based on the GRI G3 Sustainability Reporting Guidelines, which OTE applies since 2006, and is conducted by the international company CRD Analytics, which creates performance indicators for major stock exchanges and financial institutions in cooperation with JustMeans. Companies that meet the criteria are ranked by total Sustainable Performance Value (SPV) calculated as the average of four performance dimensions: financial, environmental, social and corporate governance.
More information on the survey is available at the following link www.justmeans.com/top-global-1000-companies.
About OTE’s CR program:
OTE has a long record of commitment to Social Responsibility, which today is an integral part of its corporate strategy. OTE’s commitment to Corporate Responsibility is demonstrated through its program entitled “Building ties” which has four pillars: society, marketplace, environment and employees. OTE was one of the first Greek companies to have applied the “G3” International Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI). OTE's 2009 CR Report is also one of the first by a Greek company to apply the AA1000 AccountAbility Principles Standard and develop its approach in terms of its three principles, namely inclusivity, materiality and responsiveness. As a result, the report was also upgraded to GRI G3 B+ rating. Moreover, since 2008, OTE has been included in the FTSE4Good Index, alongside leading socially responsible companies around the world.
OTE recognizes its own responsibility and aims to actively contribute to the mitigation of the global environmental issues, such as climate change and natural resources conservation. Although telecommunications is one of the lowest environmental impact sectors, OTE aims at decreasing the impact of its operations as much as possible. An integrated environmental policy was formulated in order to meet this objective, with clearly defined annual improvement benchmarks. Since 2007, a detailed recording of the ecological footprint started in selected buildings in Attica and each year is expanded nationwide.
OTE’s CR report is available on-line at
http://www.ote.gr/cr2009/cr2009_en/
