Climate change

Growthfund in the fight against climate change

Through its subsidiaries and participations, Growthfund, the National Fund of Greece, impacts every aspect of citizens’ daily lives, such as means of transport, transportation, ports, postal services, and food and supply markets. At the core of its strategy, Growthfund has positioned environmental and climate sustainability as a fundamental principle, aiming to become a role model for a sustainable future.

Supporting the national and European efforts, Growthfund’s Sustainability Strategy has been specifically designed to contribute to the achievement of the goals set in the Paris Agreement and the Greek National Climate Law.

We lead the effort for zero pollution and commit to align with the European targets for reducing emissions by 55% by 2030 and achieving 100% reduction by 2050.

A core pillar of our Strategic Plan, announced in June 2022, and one of Growthfund’s “Mega Key Performance Indicators” for 2024 is a 15% reduction in carbon emissions.

Active Member of the “One Planet for Sovereign Wealth Funds” (OPSWF) Initiative

With enhanced environmental consciousness and a priority for sustainable development based on ESG criteria (Environment, Society, Governance), Growthfund approaches the planet’s rapid changes responsibly and commits to contributing to the efforts of reversing climate change and accelerating the transition to a low-carbon sustainable economy.

As an active member of the One Planet Sovereign Wealth Funds (OPSWF) Global Network since April 2021, Growthfund has aligned its policies with leading Sovereign Wealth Funds and other global institutional bodies, totaling 43 in number, having also adopted the Principles of the European Green Deal and the 17 Sustainable Development Goals of the United Nations. This is an initiative by French President Emmanuel Macron, is based on the central idea that by prioritizing the environment in their investments, Sovereign Wealth Funds, can positively influence and drive the entire economy towards sustainability.

In the OPSWF’s Framework Companion Document 2021, which includes the guiding policies and priorities of this international network, Growthfund’s initiatives are presented as case studies of sustainability and implementation of ESG strategies. Despite joining the One Planet Sovereign Wealth Funds so recently, Growthfund has distinguished itself through its actions and those of its subsidiaries in initiatives towards sustainable development, which constitutes one of its core sustainability pillars.

The OPSWF Framework Companion Documents