Global Compact

Global Compact

Communication on Progress (COP), 2010

“Our company is proud to continue for another year to abide by the principles of the UN’s Global Compact. The UN’s encouragement through this vital initiative provides a most welcomed guidance and commitment for our organization.  OTE has chosen to support and uphold the UNGC’s principles in its internal operations as well as in its relations with external stakeholders.”

Mr Michael Tsamaz, Chairman and CEO, OTE SA

OTE SA –with operations principally in Greece- supports the UN Global Compact, the largest voluntary corporate citizenship initiative in the world and abides by its ten universal values in the areas of human rights, labor standards, the environment and anti-corruption. OTE has integrated the Global Compact principles into its policies and operations.

Our Corporate Responsibility Report for 2010, also available in an online version in the URL: www.ote.gr/cr2010/cr2010_en, includes a detailed presentation of the company’s priorities, activities, goals and outcomes, structured in a four pillar approach of “Building Ties” with our employees, in the market, for the environment, and with society.

During 2010 our main achievements relevant to adherence to Global Compact principles include: 

  • Extending further our efforts to record, measure and gradually reduce the company’s “ecological footprint”.
  • At the most challenging period for Greece economically, OTE is one of the key drivers for growth and investment in new technologies and infrastructure. OTE’s milestone goal for broadband development in the whole of the country remains a key priority, while placing special emphasis on bridging the digital gap in remote areas of the country and facilitating access to new technologies for vulnerable social groups. In 2010 OTE focused also on actively promoting the better and safer use of new technologies.
  • Continuing our long-term commitment to children, young people and students, as well as the elderly and people with disabilities, through forming partnerships and supporting NGOs that are dedicated to helping these social groups.
  • Enhancing policies and practices that secure our employees’ wellbeing and development, while respecting and implementing equal opportunity and human rights policies.
  • Upholding a company-wide ethics and anti-corruption policy and supporting mechanisms that promote transparent and responsible business conduct.
UN Global Compact 10 Principles – OTE Compliance

The full length of the justification for the 10 Global Compact Principles can be found in the Online CR Report (www.ote.gr/gr2010/cr2010_en)

UN Principles OTE policies and practices COP Index – Section 2010 CR Report
1. Businesses should support and respect the protection of internationally proclaimed human rights. Granting opportunities to all employees and full respect of human rights is an active policy at OTE. The company has set an internal regulatory framework for the protection of employee rights, including the Internal Personnel Regulation, the company’s Code of Conduct and the ‘Compliance Management System’. Online CR Report 2010
Employees: Equal Opportunities  & Non-Discrimination
Basic and Additional Benefits
Recruitment and Termination
 Special Hires
2. Make sure that they are not complicit in human rights abuses. The new Procurement policy has increased control mechanisms for OTE suppliers and supply chain. Online CR Report 2010
Marketplace: Procurement Policy
3. Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining. The Internal Personnel Regulation states that freedom of political and philosophical beliefs are respected and ensured by the Company in the context determined by the Constitution and the Legislation. In practice the right to collective negotiations is upheld and protected in the best possible manner. All Company employees, without exception, are covered by agreements based on collective negotiations Online CR Report 2010
Employees: Equal Opportunities & Non-Discrimination
Stakeholder Table:  Employees/Labour Unions  
4. The elimination of all forms of forced and compulsory labour. OTE’s Employment policies and Internal Personnel Regulation prevent and prohibit forced labour
In addition, the new OTE Procurement policy has increased control mechanisms for OTE suppliers.
Online CR Report 2010
Employees: Equal Opportunities & Non-Discrimination
Marketplace: Procurement Policy
5. The effective abolition of child labour. OTE’s Employment policies and Internal Personnel Regulation prevent and prohibit phenomena such as child labour.
Additionally, the new OTE Procurement policy has increased control mechanisms for OTE suppliers.
Online CR Report 2010
Employees: Equal Opportunities & Non-discrimination
Marketplace: Procurement Policy
6. The elimination of discrimination in respect of employment and occupation. At OTE, there is no pay discrimination of any kind based on gender. The employees’ basic salary is calculated on length of service and educational level.
OTE implements equal opportunities policies and transparent employee evaluation systems.
Online CR Report 2010
Employees: Equal Opportunities & Non-discrimination
Employee Evaluation System
7. Businesses should support a precautionary approach to environmental challenges. OTE supports the precautionary principle by taking a proactive approach to measuring and reducing its environmental impact. Online CR Report 2010
Environment: Our Environment Policy
Measuring and reporting our Environmental impact and initiatives
8. Undertake initiatives to promote greater environmental responsibility. Recording of ecological footprint and initiatives to save energy and reduce CO2 emissions. Online CR Report 2010
Environment: Environmental impacts from the operation of OTE in Greece
Measures for reducing energy use and GHG emissions
9. Encourage the development and diffusion of environmentally friendly technologies.  OTE promotes the use of wind turbines and photovoltaic systems in infrastructure projects, energy saving technologies in its operational buildings including telecommunication equipment. Online CR Report 2010
Environment -  Renewable Energy Sources
Energy conservation
10. Businesses should work against corruption in all its forms, including extortion and bribery. OTE’s Corporate Governance policy includes specific control measures to prevent bribery and corruption. The policy includes implementation bodies and mechanisms such as the Management Bodies, an Audit Committee, the Audit Procedures, and a whistle-blowing policy.  Online CR Report 2010
CR & Business Strategy: Corporate Governance
Employees: Training Programmes
OTE Investors Relations site R website
Contributing to broader development goals OTE is making a decisive contribution to building Greece’s broadband infrastructure and services, including making sure everyone in the country (remote areas, vulnerable groups) are reached in this effort.
In 2010 OTE has systemised and increased its actions to promote the right and safer use of the internet.
OTE has formed several long-term partnerships with NGOs to help children in need, students, the elderly and the disabled to have a better future and when applicable use new technologies to improve their lives.
 Online CR Report 2010 Marketplace: Products-Services for Special Groups
Society: Support for Children, Socially Vulnerable Groups and Youths  & Promoting their Technology Skills
Marketplace:  Educating citizens about broadband and new technologies - Internet Safety  
Society: Support for Children, Socially Vulnerable Groups and Youths  & Promoting their Technology Skills