OTE applies GRI G3 Framework

29 Oct 2007 11:32

Hellenic Telecomms Organization S A29 October 2007 PRESS RELEASE OTE applies GRI G3 Framework - meeting world's best practice in Sustainability Reporting Athens, October 11th, 2007 - Hellenic Telecommunications Organization SA (OTE),Greece's largest telecommunications operator, announced today that it is one ofthe first Greek companies to apply the latest 'G3' Sustainability ReportingGuidelines of the international standardization network Global ReportingInitiative (GRI). OTE released its 2006 Corporate Social Responsibility Reporton June 21st 2007, at the Annual General Assembly of Shareholders, and hasreceived GRI's Application Level Check, confirming that the Group's Report meetsthe Level C standard of GRI's 'G3' Guidelines. The GRI network has pioneered the development of the world's most widely usedsustainability reporting framework, setting out the principles and indicatorsthat organizations can use to measure and report their economic, environmental,and social performance. To date more than 1000 organizations, including many ofthe world's leading brands, have declared their voluntary adoption of the GRIguidelines worldwide. Since their release in September 2006, the G3 Guidelineshave become the de facto global standard for sustainability reporting. The GRIis also a collaborating centre of the United Nations Environment Programme. On the occasion of the "G3" application, OTE's Corporate CommunicationsDirector, Mrs Deppie Tzimea commented: "The OTE 2006 CSR report reflects theclear commitment of our company to systemize and deepen our CSR strategy as partof the company's strategic business plan, aimed at making OTE more responsiveand flexible within an increasingly competitive environment. Senior managementrecognizes the importance of reporting on OTE's economic, environmental andsocial impacts - and our existing CSR programmes - according to recognizedinternational criteria that illustrate and convey the value we place ondialogue, transparency and accountability." ABOUT OTE: OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in Southeastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full servicetelecommunications group in the Greek telecoms market, OTE Group has alsoexpanded during the last decade its geographical footprint throughout South EastEurope, acquiring stakes in the incumbent telecommunications companies ofRomania and Serbia, and establishing mobile operations in Albania, Bulgaria, theFormer Yugoslav Republic of Macedonia and most recently in Romania. At present,companies in which OTE Group has an equity interest employ over 30,000 people insix countries, and their portfolio of solutions ranges from broadband services,fixed and mobile telephony to Internet applications, satellite, maritimecommunications and consultancy services. Additional information is also available on www.ote.gr. FOR FURTHER INFORMATION PLEASE CONTACT: MEDIA OFFICE / OTE CORPORATE COMMUNICATION DEPARTMENTTel. (+30) 210-6117434Fax. (+30) 210-6115825E-mail: media-office@ote.gr This information is provided by RNS The company news service from the London Stock Exchange