Responsible Investor

Responsible Investment Strategy

Growthfund aims to become widely known for its responsible investment strategy, an active model for public companies in Greece, following the international best practices of Sovereign Wealth Funds.

As a Responsible Investor, Growthfund leverages international experience and best practices for sustainable development and prosperity for its portfolio assets, in order to deliver long-term returns through well-managed and sustainable companies and investments.

Investment Policy

ESG Policy

The ESG Policy is supported by Growthfund’s subsidiaries.

ESG Reporting Handbook 2023

Active presence in the international SWF community

Growthfund’s participation in international networks demonstrates that in the core of its business model lies sustainability and that it remains committed to international synergies to promote sustainable development.

In April 2021, the Growthfund became a member of the global network One Planet Sovereign Wealth Funds (OPSWF) and is since actively participating in the summits organized by the network.

In October 2022, Growthfund signed a memorandum of cooperation to become a member of the EMENA network. EMENA is a regional meeting platform where members can exchange experiences and available information on investment opportunities that achieve national and sustainable economic development goals.

In September 2023, the Growthfund became a member of the International Forum of Sovereign Wealth Funds (IFSWF).

For the first time, our country is included in the list of countries with the fastest development, attributed to the effective management of state capital based on ESG criteria.

Growthfund Recognized for the 3rd Consecutive Year in the Annual GSR Scoreboard Evaluation

Growthfund has received significant recognition from the “GSR Scoreboard 2024,” one of the most important rating tools for Sovereign Wealth Funds (SWFs) and Public Pension Funds worldwide. The assessment tool by Global SWF recorded the progress of state investment entities in Governance, Sustainability, and Resilience (GSR) for the third consecutive year.

Greece, through Growthfund and based on other available published data, ranked 12th among 200 countries, continuing its upward trajectory compared to previous years (28th in 2022 and 14th in 2023).

Despite the high standards set in this year’s questionnaire, Growthfund maintained a score of 80%, almost 20 points above the global average (61%), corresponding to the 16th position among 200 Investment Funds worldwide for 2024.

It’s worth noting that the GSR Scoreboard is one of the most significant international tools for evaluating Sovereign Wealth Funds and Public Pension Funds. Its methodology, which maintains its independent and objective nature, is based on 25 different criteria divided into the GSR triad as follows: 10 criteria for Governance, 10 criteria for Sustainability, and 5 criteria for Resilience. This year’s score of 80%, consistent with last year and compared to 60% in 2022, is attributed to the implementation and publication of actions meeting the majority of Global SWF’s criteria in Governance, Sustainability, and Resilience, as well as the creation of a new website for the organization.

The rise of Greece in the global rankings and the consistent retention of Growthfund’s position among European Public Investment Funds firmly establish the investment profile of the country. Positive evaluations serve as indicators of credibility and eligibility in the global market, which seeks attractive investment destinations based on transparency, sustainability, and resilience.