Sustainable Development at Vivartia Group

Sustainability is the key element of our philosophy, building our business operations creating long-term value to society, environment and people.

Sustainability is the key element of our philosophy, building our business operations creating long-term value to society, environment and people.

We create sustainable value, investing on the future

At Vivartia Group, we recognize that integration of Environmental, Social and Governance (ESG) factors is a key element to ensure the permanent prosperity of businesses. All of our portfolio companies are committed to seamlessly incorporating ESG criteria across their entire business model, aiming to foster sustainable value for stakeholders, from employees and shareholders to customers and consumers, as well as the operating broader communities.

Our ESG footprint during 2023

0%

of Vivartia Group’s portfolio companies

are members of the Food Saving Alliance in Greece.

0%

of Vivartia Group’s portfolio companies

operate in accordance with the principles of the United Nations Global Compact (UNGC) and are members of the Global Compact Network Greece (GCNG).

0%

of Vivartia Group’s portfolio companies

have signed the "Diversity Charter", an initiative of the European Union.

0%

of Vivartia Group’s portfolio companies

are assessed by the international sustainability rating agency EcoVadis.

0%

of Vivartia Group’s portfolio companies

,as well as Vivartia Holding S.A., are committed to the international "Science Based Targets initiative" (SBTi).

0%

of Vivartia Group’s portfolio companies

have developed an ESG Strategy that includes targets, commitments and actions along the three pillars of ESG.

Our Approach to Sustainable Development

We fully integrate ESG into our business model and the principles of our Group.

Our ESG strategy includes an overall framework that reflects our commitment to creating value and driving change in terms of environmental sustainability, social responsibility and ethical governance. This framework establishes the key strategic direction for all Vivartia Group companies.

At Vivartia Group, we have created a comprehensive four pillared strategy, which has been designed to bring changes with a significant positive impact in order to honor our commitment to the principles of Environment, Society and Governance (ESG). 

The first pillar focuses on effective environmental management. We recognize our responsibility towards the planet and, as such, we seek to minimize the environmental impact of our operations. The key objective is, beyond compliance, to develop environmental resilience for a sustainable future for future generations.

The second pillar refers to the operation of an organization that is both resilient and responsible. With dedication, we focus on developing strong operating systems that not only ensure successful business activity, but also demonstrate our commitment to responsible development. Fundamental to the pillar is investing in the well-being and equitable development of our employees.

The third pillar focuses on investing in enhanced products and superior companies. We develop and offer healthy, sustainable and enjoyable options for every nutritional need, accompanying all stages of a person’s life. 

The fourth pillar involves creating a positive social impact. We empower our companies in order to operate contemplating the present and the future. That is why we encourage investments, initiatives and activities that contribute to a better society and create a positive heritage for current and future generations.

Climate Action and SBTi

We participate in the collective effort to transition to climate neutrality by 2050, supporting the Paris Agreement and the target of implementing an action plan to eliminate the global warming phenomenon.

Climate change elimination and management of impacts requires punctual and targeted actions. ESG criteria related to the environmental pillar can enforce the organizations’ business activity in this direction.

Science Based Targets initiative (SBTi)

Vivartia Group is committed to the global “Science Based Targets initiative” (SBTi). Under the SBTi initiative, targets are considered “science-based” if the findings of relevant and recent scientific studies are in accordance with them, regarding the achievement of the Paris Agreement goal to limit global warming. Targeted adoption enables companies to assess to what extent and how urgently it is necessary to reduce greenhouse gas emissions in order to effectively control climate change impacts. 

All Vivartia Group’s portfolio companies set greenhouse gas emission reduction targets to reduce their environmental footprint by implementing best practices.

“Our ESG vision is to build a future where people’s well-being is inextricably linked to the protection of our planet. We operate through sustainable business practices and implement best governance practices, aimed to reinforce the integrity of our portfolio companies.”

Sustainable Development Reports

All of our portfolio companies publish their Sustainability Reports on their official websites, highlighting their commitment and progress towards adopting sustainable practices in their business activities.