ELLAKTOR S A : Sustainability Report 2020

LOOKING FORWARD

SUSTAINABLE DEVELOPMENT REPORT 2020

TABLE

OF CONTENTS

MESSAGE FROM	06
THE MANAGEMENT
AT A GLANCE 2020	08

01

ELLAKTOR GROUP	10
1.1	Group Presentation	11
1.2	Business Model	20
1.3	Materiality Analysis	24
1.4	Sustainable Development Goals	26
1.5	Stakeholder Engagement	29

1.6 Group Strategic Priorities

and Targets

32

02		04			06
CORPORATE GOVERNANCE	42		EMPLOYEES	62	SOCIETY	110
AND OPERATION			4.1 Working Environment	63	6.1	Creating Value for Society	111
				4.2 Health and Safety	72	6.2	Communicating with Local	115
2.1	Corporate Governance	43						Communities
2.2	Compliance	44					6.3	Social Investment	116

2.3 Risk Management and

Business Continuity	47
2.4 Supply Chain	54

03		05			07
INNOVATION AND DIGITAL	56		ENVIRONMENT	80	APPENDIX	122
TRANSFORMATION		5.1	Contribution to the Greater			7.1	Report Methodology	123
					Availability and Reliability of			7.2	GRI Standards Table	124
3.1	Innovation	57			Renewable Energy Resources	81	7.3	Athens Stock Exchange ESG	133
3.2	Digital Transformation	60	5.2	Contribution to Circular Economy	86		Reporting Guide Table
			5.3	Management of Environmental			7.4	UN Global Compact Table	135
					Footprint	90	7.5	SASB Table	136
			5.4	Biodiversity	106	7.6	Independent Limited
									Assurance Report	139

MESSAGE FROM THE MANAGEMENT

Despite the difficulties, 2020 was a year of significant agreements and initiatives, fully aligned

with international developments in ESG issues

2020 was a year marked by many economic, political, and social challenges, with the unprecedented global health crisis at the centre of all. These challenges could not but also affect the ELLAKTOR Group, testing our readiness and resistance in extraordinary circumstances with significant consequences, both at a human and a business level.

From the very first moment, the Group's priority and commitment was the protection of its employees and partners. In this context, all foreseeable health safety measures were put in place, in accordance with the recommendations of the competent authorities, while all procedures for the facilitation of remote working were accelerated. At the same time, business continuity plans of all subsidiaries were adapted and immediately imple- mented, to ensure that projects and activities continued running smoothly and safely, both for the employees themselves and for the general public.

As an ally of the State and the competent authorities with regard to the management of the pandemic, the Group transitioned its commitment on a national scale and provided the NIMTS hospital with free waste management services and also supported the National Health System with donations of necessary hospital equipment.

Despite the difficulties, 2020 was a year of significant agreements and initiatives for the Group as a whole. Our initiatives were fully aligned with international developments in ESG issues, based on the Group's new Sustainable Development strategy, creating even more opportunities.

Regarding regulatory compliance issues, in 2020, a third party verified that all of the Group's activities follow the ISO 19600 guidelines. This validation confirms that, in its day-to-day operation, the Group complies with both legislation as well as its Code of Conduct and internal Policies.

With regard to human resources, utilizing the results of the employee engagement survey, in 2020 a series of actions were launched, that aimed to introduce and implement a new way of managing the Group's resources, ensuring their continuous growth and development. In addition, the Group's new Human Rights Policy, established in early 2021, will effectively safeguard the rights of the Group's employees, suppliers, partners and sub- contractors, as well as the local communities in which the company operates.

With respect to occupational health and safety, a number of targeted actions are planned and implemented in order to eliminate the risk of accidents in the Group's projects and activities, while at the same time tools were developed to continuously monitor our health and safety per- formance.

In the Renewable Energy Sources (RES) segment, 2020 was marked by the strategic cooperation with EDPR, for the joint development of RES power plants, with a total capacity of up to 900 MW. Through these projects the Group aims to increase the availability and reliability of renewable energy sources, to play an essential role in the energy transition, to support the decarbonisation of power generation towards ensuring access to clean and cheap energy for all.

In 2020, our Group generated a total of 1,250 GWh of electricity from RES, 5 times more than the 248 GWh of energy consumed for its operation, while also ensured the prevention of 2,035 thousand tons of CO2 eq. emissions from being released into the atmosphere.

The Group's contribution to the transition to a Circular Economy and the reduction of solid waste disposed in landfills is also significant. In 2020, the Group treated more than 886 thousand tons of third-party waste in its plants, while managing 1,015 thousand tons of waste from public and private construction projects undertaken.

In the context of social contribution, in 2020, the Group continued supporting the local communities in the areas where it operates, emphasizing on improving local infrastructure and the citizens' quality of life, with investments that reached €4 million.

The next decade is full of challenges both in the internal and the external environment. The return to operating profitably requires dedication and vigilance from all. The challenge of digital transformation and the strengthening of innovation initiatives are our highest priority. The challenge of climate change and the European Green Deal have been integrated into our Roadmap for 2020- 2025-2030, which is in the process of being finalised and will help us adapt and transform our operations in line with the conditions of the new era unfolding before us. At the same time, the Recovery Fund creates a favourable macro-economic environment for our country and our industry, in which we aim to regain a leading position.

The present report contains information about all actions implemented in 2020 within the Group and its companies, aiming at protecting and improving our operation, along with all actions planned to be launched and implemented in the near future. The Report was drafted in accordance with the guidelines of the Global Reporting Initiative (GRI), the Athens Stock Exchange ESG Reporting Guide, the Global Compact principles and the guidelines of the Sustainability Accounting Standards Board (SASB), while it was subject to third party validation for the first time.

On behalf of the Board of Directors of ELLAKTOR Group

George Mylonogiannis	Efthymios Bouloutas
Chairman of the BoD	Chief Executive Officer

AT A GLANCE

KEY SEGMENTS

2020

18%

CONCESSIONS	RENEWABLE ENERGY
	SOURCES

ENVIRONMENT	CONSTRUCTION	REAL ESTATE
		DEVELOPMENT

€ 892,293 thousand
	€ 30,133 thousand
consolidated		EBITDA	of net sales from sustainable products and services
net sales

43,297 hours

employee training

7,245 employees		€ 195.6 mil.
	employee benefits
				84%

79.9 mil. vehicles crossings	€ 1.8 bil. backlog	4.1 mil.
on Attiki Odos and Morea	in Construction	Smart Park visitors
60% of the Group's turnover comes from certified	Participation in
companies in accordance with ISO 14001:2015	research projects

and ISO 45001:2018

247,850 MWh
of energy consumed	of the Group's waste was utilised and did not end up
	in a landfill
		95%
€ 3,971 thousand
invested in the local	of supplies procured from domestic suppliers
community

886 thousand tn of third-party waste under management in Environment Segment's facilities

38%

of waste was utilised through processes of reuse, recycling, etc.

27 wind farms	539 MW capacity from
	RES

4 biogas exploitation	1,250 GWh electricity
plants	generation from RES

Note: The data refers to activity in Greece, Germany, Cyprus, Qatar, Romania and Jordan except for the financial data which refers to the total activity of the Group.

01ELLAKTOR

GROUP

Update of the business model

Development of a new tool for monitoring and recording sustainability (ESG) KPIs

Analysis of material topics with the first-time engagement of stakeholder representatives

1.1 GROUP PRESENTATION

ELLAKTOR Group is the largest infrastructure group in Greece and one of the leading in Southeastern Europe, with international presence, 7,2451 employees and a turnover of € 892.3 million (Group financial results 2020). It consists of more than 100 subsidiaries, more than 15 affiliated companies and approximately 130 joint ventures.

21 years after the triple merger of Elliniki Technodomiki, AKTOR and TEV, which led to the creation of ELLAKTOR, the Group is redefined by setting modern corporate governance as a cornerstone and by giving priority to enhancing Group operations, to reorganising its capital structure and to further capitalising on synergies, in order to provide increased added value to its shareholders, its employees and the Greek economy.

With 70 years of experience and operations in 27 countries , ELLAKTOR Group brought life into projects that accelerate growth and improve the quality of life in communities across the world.

All Group companies as well as the joint ventures, where the Group is a part of, are presented in the Annual Financial Report 2020.

1 Including employees and hourly-paid employees in ELLAKTOR Group companies, as well as joint ventures, in Greece, Germany, Jordan, Qatar, Cyprus and Romania, in which the Group has a majority stake and/or has the management.

Key Segments

ELLAKTOR GROUP

11

€ 892.3 mil. turnover

More than 100 subsidiaries

More than 15 affiliated companies

Approximately 130 joint ventures

Operating in

27 countries & 4 continents

International Presence of ELLAKTOR Group

5 countries

ASIA

7 countries	14 countries	1 country
AMERICA	EUROPE	OCEANIA

CONCESSIONS	RENEWABLE	ENVIRONMENT	CONSTRUCTION	REAL ESTATE
	ENERGY SOURCES			DEVELOPMENT