Growthfund actively stands for and promotes the transition to a regenerative, just and green economy, with emphasis on the protection of the environment and biodiversity, while building social value. Our ambition as the National Fund of Greece is to develop a world-class sustainable development and ESG strategy, as tangible evidence for the responsible management of our public assets and investments. With the input of independent expert consulting partners, we create and implement a roadmap for integrating ESG into the operation of our SOEs and shareholding participations, creating value for the economy, citizens and the environment equally, through ESG strategy. At Growthfund we work on three levels:
Growthfund is active in international investment funds’ networks, such as the One Planet Sovereign Wealth Funds (OPSWF) Network which was established for the alignment and contribution of global investment funds to the EU Green Deal, and also the EMENA network and the International Forum of Sovereign Wealth Funds (IFSWF). This demonstrates Growthfund’s commitment in global cooperation for promoting sustainable development.
Growthfund implements horizontal ESG initiatives in its portfolio, such as the introduction of ESG clauses in concession contracts, annual carbon footprint measurements for its portfolio companies, preparation of transition roadmaps to a lower-emissions operation, contributing to the conditions of a more sustainable and responsible business environment.
Growthfund aims to improve servicing for end-users/citizens, employees and customers, and has established measurable practices for recording progress, e.g. with customer satisfaction surveys, employee engagement surveys, but also with the measurement of Citizens’ Trust Index for Growthfund as an institution.
At the same time, we create the appropriate framework to exercise our investment role through sustainable investments. Our new investments will include a corresponding framework of due diligence and ESG criteria and policies. Our goal is for the entire Growthfund portfolio, existing and new, to follow the philosophy of sustainable development.