Growthfund’s moral commitment

Article by Gregory D. Dimitriadis in To Vima tis Kyriakis

Growthfund aims to play an enhanced role in the Greek economy by transforming itself into a public investment fund. This transformation is currently in its final phase, and BlackRock, the largest asset manager globally, has been selected following a Request for Proposals (RfP) as the consultant to implement the transformation plan. BlackRock’s expertise in investment and asset management, coupled with its extensive track record in supporting public investment funds, guarantees the success of the venture.

The transformation of Growthfund into a public investment fund will not only maximize its investment role through the reinvestment of part of its revenues; it will also lead to more efficient public asset management, which in turn, will increase public asset value and social welfare.

Public investment funds operate as responsible investors with environmental and social responsibility, placing high on their agenda the rights of future generations to national wealth. A notable example of this is the public investment fund of Norway, which prioritizes the sustainable use of water, recognizing it as one of the major challenges of modern times.

Growthfund shares these ethical commitments and has incorporated them into its strategic planning for the green transition of all its portfolio companies. Its commitment to the protection of the environment and natural resources is unwavering.

Its mission is to utilize public property and increase national wealth for the benefit of future generations. Utilization primarily occurs through investments and synergies with private investors. The current progress of the Greek economy is precisely due to its ability to attract investors.

Drawing from the experience and success of public investment funds, Growthfund is optimistic that it will contribute decisively to the further development of the Greek economy by bringing additional income through its investment activities. By operating as a public investment fund, Growthfund is committed to the optimal utilization of public assets and the modernization of public enterprises, attaching a dynamic and ethical dimension to its operations.

Gregory D. Dimitriadis is Chief Executive Officer and executive member of the Board of Growthfund.

Source: tovima.gr