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Hellenic Bank Awarded Dual Environmental Certifications for Sustainability Efforts

Hellenic Bank has received dual environmental certifications this year, affirming its ongoing commitment to environmental protection and energy management.

The bank successfully completed the certification process for its Environmental Management System in line with the international ISO 14001 standard, as well as its Energy Management System under the ISO 50001 standard.

“With these two distinctions, Hellenic Bank has become the largest bank in Cyprus to achieve ISO 14001 certification, and remains the only bank in the country certified under ISO 50001 for all of its operations and activities across its buildings nationwide,” the bank said.

“These international standards, issued by the International Organisation for Standardisation, are recognised tools for effectively managing environmental impacts and for the continuous improvement of an organisation’s environmental performance.”

The announcement also mentioned that Hellenic Bank has held ISO 50001 certification since 2015, becoming the first organisation in Cyprus to receive it from the Cyprus Certification Company.

The Energy Management System provides a structured approach for the continuous improvement of energy performance, usage, and consumption.

The goal of this management approach is to reduce total greenhouse gas emissions by 45 per cent by the year 2030.

MOREOVER, the bank mentioned that the ISO 14001 certification “reinforces Hellenic Bank’s longstanding commitment to environmental protection, reducing its environmental footprint, and complying with relevant laws, regulations, and high environmental standards”.

“Hellenic Bank’s environmental strategy forms a central pillar of its corporate responsibility and is an integral part of its broader business strategy,” it added.

The dual certification now serves as a guide for adopting a holistic approach to managing environmental issues,” the announcement concluded.

Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.

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