ESG Framework
Environment - Social - Governance
CPO – Costas Papaellinas Group of Companies has embarked on the comprehensive adoption of an Environmental, Social, and Governance (ESG) framework across all areas of its operations.
This marks a significant milestone in our long-standing commitment to responsible business conduct and sustainable growth – principles that underpin stakeholder trust and long-term value creation.
While ESG-related regulatory requirements are still evolving in the Republic of Cyprus, our decision to act now reflects our forward-looking mindset and alignment with international market trends and rising societal expectations. We believe modern organizations are expected to operate with high standards of sustainability, transparency, and accountability.
Sustainability is at the core of CPO’s corporate culture. It is embedded in our daily operations and integrated into our strategy, philosophy, and decision-making processes.
Environment
Under the environmental pillar, CPO implements initiatives focused on improving resource efficiency, reducing waste, and lowering our carbon footprint. Our approach is aligned with national environmental legislation and continuously strengthened through monitoring and improvement mechanisms.
Climate & Emissions
Target
CPO aims to reduce its CO₂ emissions by 10% by 2030.
Emissions – Facts & Figures
Between 2022 and 2024, CPO achieved a 4.53% reduction in CO₂ emissions. Our audited Scope 1 and Scope 2 emissions for 2024 amounted to 1,518 tonnes of CO₂. The Group plans to incorporate Scope 3 emissions measurement in the foreseeable future.
Energy Management & Audits
CPO Cyprus complies fully with national legislation on energy audits, which are conducted by licensed external auditors. These audits support the consistent integration of environmental policies into both company strategy and day-to-day operations.
Vehicle Fleet Management
Our fleet strategy prioritises efficiency and emissions reduction through:
- Systematic vehicle maintenance
- Eco-driving practices
- Route optimisation
- Regular driver training
Over the past two years, 27% of our vehicle fleet has been replaced with hybrid technology vehicles, delivering improved energy efficiency, lower emissions, and quieter operation.
Renewable Energy
Since 2023, CPO has integrated renewable energy sources into its electricity production, with plans to further expand their use across operations.
In 2024, 30.8% of the Group’s total energy consumption was sourced from renewable energy.
Waste & Circular Economy
CPO actively promotes responsible waste management and circularity. We recycle plastic, paper, glass, nylon, batteries, equipment, machinery, and other by-products.
Medical and hazardous waste is managed in strict accordance with regulatory requirements. All products are supplied in recyclable packaging.
Water Management
Cyprus is classified as a high water-stress area, and we recognise our responsibility to conserve water resources.
In 2025, CPO implemented water-saving measures across all facilities, resulting in a 20% reduction in water consumption.
Social
Our social strategy focuses on our people and the communities in which we operate. We continuously strengthen policies and programmes that promote fairness, flexibility, wellbeing, and professional development.
Community engagement is deeply rooted in our culture, with CSR initiatives centred on youth empowerment, support for vulnerable groups, and the use of sport and athletics as a catalyst for positive social impact.
Human Resource Management
We are proud to be a responsible employer with a low employee turnover rate.
CPO is committed to continuous development and sustainable performance through:
- Regular training and upskilling
- Career development and advancement opportunities
- Competitive benefits
- Mentorship, guidance, and employee welfare initiatives
Diversity, Equity & Inclusion
CPO is committed to fostering a diverse, equitable and inclusive workplace. We promote equal opportunity, combat discrimination and cultivate a culture of respect and belonging through fair policies, transparent governance and open dialogue.
Human Rights & Labour Standards
The Group adheres to internationally recognised human rights principles and complies with labour standards aligned with the International Labour Organisation (ILO). Ethical conduct, fairness and respect are fundamental to how we operate.
Health & Safety
The health and safety of our employees, customers and the wider public is of paramount importance. We implement preventive measures, comply fully with legal requirements and pursue continuous improvement to meet evolving societal expectations.
Governance
The governance pillar reflects the values upon which CPO was founded nearly a century ago: integrity, professionalism and accountability.
Our governance structures, policies and oversight mechanisms are regularly reviewed to ensure compliance with legal obligations, ethical standards, societal expectations and internationally recognised best practices. We actively promote a culture of ethical conduct, respect for human dignity and transparency through clear and honest communication.
Business Conduct & Ethics
CPO is committed to the highest standards of ethical conduct across all operations. Guided by a strong internal culture and over 100 years of heritage, we uphold clear policies, responsible decision-making, and accountability at every level of the organisation.
Transparency
We promote transparency through accurate disclosure and open communication, strengthening trust and keeping stakeholders well informed.
Anti-Corruption
CPO maintains a zero-tolerance approach to corruption. We implement preventive measures, encourage whistleblowing, enforce strict anti-bribery policies and fully uphold our Code of Ethics to ensure integrity in all business relationships.
Fair Competition
Fair and lawful competition is a core value of the Group. We conduct our business in full compliance with national legislation and ethical standards, respecting both the market and our competitors.
Privacy & Cybersecurity
CPO respects and protects personal data and privacy. Network and information security are a key operational priority, supporting robust cybersecurity and strengthening overall corporate governance.
