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Role in the community

Role in the community

We are an actively engaged member of the community and provide consistent and ongoing support

Greek Network for Corporate Social Responsibility-CSR Hellas

 The emergence of new market conditions in the wake of economic globalization has had a significant impact on the social fabric. In this new reality, the European Union's strategic goal for the coming years is to become the most competitive and dynamic economy, reliant on knowledge and able to achieve sustainable development while providing jobs, better working conditions and greater social cohesion.

As part of this effort, European enterprises are being called upon to make a decisive contribution by assuming their social role and to ensure this strategic goal is achieved through relevant programmes and initiatives. Acknowledging this role, a number of leading Greek enterprises, including Coral S.A., joined the Hellenic Federation of Enterprises (SEV), the Athens Chamber of Commerce and Industry (ACCI) and the Federation of Industries of Northern Greece (SBBE) to create a network of Greek businesses in July 2000.

Greek Network for Corporate Social Responsibility-CSR Hellas

The Network is a member of Corporate Social Responsibility Europe and its primary priorities include:

  1. Documenting the social responsibility programmes of businesses, their philosophy, direction and methodology
  2. Highlighting new areas of social concern
  3. Expanding its membership in industry, and
  4. Raising awareness and mobilizing businesses, particularly small and medium-sized enterprises, on social responsibility issues.

For more information on the Global Compact Network Hellas, visit the website.


Global Compact Network Hellas


Global Compact Network Hellas was launched on 28 May 2008 at an event staged by CSR Hellas and the UN Development Programme Management Office in Athens. At the event, 50 Greece enterprises – including Coral S.A. – submitted a letter for the UN Secretary-General to Soren Petersen, head of Global Compact Networks & Global Compact Partnerships, in which they committed to observing the Global Compact's 10 principles and incorporating them into their business.

The 10 principles of the Global Compact are:


Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights

Principle 2: Businesses should make sure that they are not complicit in human rights abuses.


Principle 3: Businesses should uphold the freedom of association and the  effective recognition of the right to collective bargaining

Principle 4: Businesses should support the elimination of all forms of  forced and compulsory labour

Principle 5: Businesses should act to effectively abolish child labour

Principle 6: Businesses should eliminate discrimination in respect of  employment and occupation


Principle 7: Businesses should support a precautionary approach to environmental challenges

Principle 8: Businesses should undertake initiatives to promote greater environmental responsibility

Principle 9: Businesses should encourage the development and diffusion of environmentally friendly technologies.


Principle 10: Businesses should work against all forms of corruption, including extortion and bribery

President for Shell in Greece, George Hatzopoulos, said:

"I am happy to confirm that Coral supports the Global Compact's 10 principles on human rights, labour, the environment and anti-corruption.

At Coral, our key principles – sincerity, integrity and respect – underlie all of our actions and form the foundation of our general operating principles.

The Global Compact principles are part of our strategy and our culture, and are integrated into our day-to-day activities. Our employees are committed to carrying out their tasks with complete responsibility, transparency and respect for people and the environment.

We pledge to deliver a wide range of innovative products and services in an economically efficient and environmentally friendly manner aimed at making us the first choice among customers in the markets in which we choose to operate.

Our reputation and future success and sustainability are integrally linked to the application of both the laws and the strict ethical standards we have set. Our solid reputation for transparency and integrity is our most valuable asset.

This declaration is an additional commitment by all of us to maintain our integrity and values and to continue to support the Compact principles."

For more information on the Global Compact Network Hellas, visit the website.