Sustainability progress in 2023

Eltel manages its sustainability impacts by making health and safety a top priority, reducing climate and environmental impacts, creating good work environments for its employees, and promoting responsible procurement and business ethics.

Improved Employee Engagement Survey score and participation rate Eltel’s Employee Engagement Score improved for the fourth year in a row, to 3.9 (3.8), while the survey participation rate also increased to 85% (75).

A sustainability-linked finance framework was established to connect financing with our science-based climate targets. In April 2023, Eltel issued its first sustainability-linked hybrid capital securities.

We initiated a double materiality assessment to comprehensively evaluate the scope and likelihood of our organization’s sustainability impacts, risks and opportunities. The assessment will be concluded in 2024 to meet the new EU Corporate Sustainability Reporting Directive (CSRD) requirements.

New policies were adopted following a comprehensive policy review. Our new Sustainability Policy outlines our sustainability objectives and clearly defines sustainability management roles and responsibilities. A new Environmental Policy, Human and Labor Rights Policy, and Supplier Code of Conduct further enhanced our sustainability framework.

New environmental, social and governance (ESG) platform introduced to harmonize Group-wide supply chain management and data collection.