Sustainable Business Development with ESG Criteria
Internationally, there’s a recognized need for the transition to a new development paradigm focused on the sustainable growth of businesses, considering their contribution to addressing challenges like the climate crisis and social inequalities.
Integrating the three pillars of Sustainable Development – Environment, Society, and Governance (ESG) – is imperative for businesses.
Each year, more businesses of all sizes seek to incorporate sustainability, responsibility, and good governance into their strategies, practices, and daily operations to achieve resilient and cohesive growth.
Benefits of ESG-Compliant Companies
Companies adopting ESG criteria gain increased investor trust, better access to financial tools and capital, enhance their brand image, support regulatory compliance, and transparency.
Simultaneously, they contribute to reducing environmental risks and carbon footprints, as well as mitigating health and safety hazards in the workplace.
Supporting Sustainable Development & ESG Investments
At VK PREMIUM, we understand the significance of sustainability and ESG criteria in business development.
We recognize that many businesses aim to make investments compatible with ESG criteria and seek funding avenues for these actions.
We are committed to guiding you and presenting available solutions and programs to choose suitable funding for your desired ESG actions and expenditures.
Select the financing option that fits your green and sustainable development plan.
Programs from national and European funding, such as the Recovery and Resilience Fund (RRF), the Development Law and the ESPA, can be utilized by most businesses to support Green and Sustainable Development expenses.
Indicative Expenses Financed by ESG Criteria
Businesses aiming to implement ESG policies plan interventions and expenses falling into three categories of ESG indicators:
Indicator: Greenhouse Gas Emissions
Eligible Expenses:
- CO2 reduction studies and Net Zero goals
- Installation of liquid and solid waste management units
Indicator: Energy Efficiency
Eligible expenses:
- Use of RES – improving energy efficiency of buildings, vehicles, equipment
- Modernization of lighting systems and energy-saving automation
- Installation of heat pumps, modernization of ventilation and air conditioning systems, improvement of hot water supply system efficiency
- Purchase of electric commercial vehicles like CLARK
- Replacement/installation of insulation (e.g., external thermal insulation, soundproofing)
- Expenses for purchasing energy class A devices like refrigerators, ovens, digital screens
Indicator: Water Consumption and Recycling
Eligible expenses:
- Installation and modernization of water systems
Indicator: Biodiversity Protection
Eligible expenses:
- Equipment for recycling such as waste bins, composting machines
- Environmental management system
Indicator: Diversity and Equal Opportunities
Eligible expenses and actions:
- Percentage of women in Management Positions
- Programs promoting equal opportunities and fighting discrimination
- Development of Social Return on Investment (SROI) report
- Development of Social Impact Assessment reports
Indicator: Employee Training and Development
Eligible expenses and actions:
- Seminars and educational programs
Indicator: Health and Safety of Workers
- Eligible expenses:
- Ramps for people with mobility issues, work programs for disabled people
- Worker safety systems (fire alarm-firefighting systems, accident prevention)
- Certifications (such as CE, EN, ISO)
Indicator: Business Ethics and Transparency
Eligible expenses and actions:
- Certifications
- Corporate Social Responsibility actions
- Responsible Supply Chain Management Reports
- Corporate Governance Transparency and Anti-Corruption Reports
- Data protection software, antivirus programs
- Cybersecurity equipment and software
VK PREMIUM provides support from investment consultants with the necessary experience and knowledge of every subsidized and co-financed program to guide you in selecting the program suitable for the ESG expenses you are planning.
For further information please contact VK PREMIUM Business Growth Consultants at : info@vkpremium.com or call us : + 30 210 6835560
