Global Compact

Global Compact

United Nations Global Compact - Communication on Progress (COP), 2011

“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. In these very challenging times for Greece, we consider it is vital to be an active advocate for the principles and for Corporate Responsibility.”
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. As a member since 2008, OTE has integrated the Global Compact principles into its policies and operations.
Our Corporate Responsibility Report for 2011, also available in an online version in the URL [add link], 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 2011 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.
  • 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

Issue

Principle

Reported

Section

Human Rights

1. Support and respect protection of internationally proclaimed human rights

Yes

Employees-Fair Employment

2. Make sure not complicit in human rights abuses

Yes

Marketplace-Responsible Procurement
Employees-Fair Employment

Labor Standards

3. Uphold freedom of association and effective recognition of right to collective bargaining

Yes

Employees-Fair Employment-Freedom of Association

4. Elimination of all forms of forced and compulsory labour

Yes

Employees-Fair Employment

5. Effective abolition of child labour

Yes

Employees-Fair Employment

6. Elimination of discrimination in employment and occupation

Yes

Employees-Fair Employment-Equal Opportunities

Environment

7. Support a precautionary approach to environmental challenges

Yes

Environment-Measuring and Reporting Our Impact

8. Undertake initiatives to promote greater environmental responsibility

Yes

Environment-Reducing Our Environmental Impact

9. Encourage development and diffusion of environmentally friendly technologies

Yes

Environment-Reducing Our Environmental Impact-
- Renewable Energy

Environment-Reducing Our Environmental Impact- Telecom Installations and Equipment

Anti-Corruption

10. Work against corruption n all its forms including extortion and bribery

Yes

CR Strategy & Management- Corporate Governance – Compliance Management Systems

Contribute to broader development goals

Yes

Society-Social Products & Services
Society-Social Contribution-Education
Marketplace-Public Awareness on Internet Safety