Scorecard

Trade-offs (Financial Capital with the other categories of Capitals)

Metlen allocates its financial resources deriving from the proceeds of its activities, investments as well as from the financing raised through equity and debt to achieve its strategic objectives. The allocation of financial resources for the maintenance and modernization of industrial units and facilities contributes significantly to the enhancement of the produced value of the Company's Industrial Capital, while the corresponding allocation of resources in training, development, remuneration and Health & Safety of employees is converted into the value of Human Capital. Also, the Company investing part of its Financial Capital stabilizing and minimizing its impact on the natural environment, returns part of the value of Natural Capital, which seems to be initially limited mainly due to the use of raw materials from non-renewable sources in its activity. Finally, Metlen allocates part of its financial resources to the implementation of its social policy with direct beneficiaries the wider society, thus increasing the value of its Social Capital, while the relevant investments in expanding its business activities add in the long run to the value created by the Economic Capital itself.

Trade-offs (Industrial Capital with the other categories of Capitals

The utilisation of industrial units requires investments in installations and equipment, which are drawn from the company’s financial resources in the form of the funds allocated for this purpose. At the same time the Financial Capital value is enhanced by the income from the sales of the products obtained from the industrial production. The Industrial Capital impacts on the value of the Natural Capital, mainly using raw materials from non-renewable sources in the production process, while in the long term a part of this lost value is reduced by the company’s commitment to responsible consumption and production practices aimed at stabilising and improving the environmental performance of its industrial units. Investments in Industrial Capital help ensure the company’s compliance with the applicable legal and regulatory requirements: this has a positive impact on the Social Capital, as it enhances the company’s social license to operate, while it also affects positively its Human Capital, through the further development of the skills of employees, so that they can meet modern production process requirements.

Certification

The 100% of the Metlen'S Business Units, have in place a Quality management system certified by ISO 9001:2015 Standard.

Trade-offs (Natural Capital with the other categories of Capitals)

The utilization of industrial units requires investments in facilities and equipment that are drawn from financial resources by making funds available. At the same time, the value of Economic Capital is enhanced by revenues from the sale of products as a result of industrial production. The utilization of the resources of Industrial Capital affects the value of Natural Capital mainly through the use of raw materials from non-renewable sources in the production process, while in the long run a part of this lost value is reduced by the Company's commitment to responsible consumption practices and production with the aim of stabilizing and improving the environmental performance of its industrial units. Investments related to Industrial Capital contribute to the Company's compliance with the respective legislative and regulatory requirements, which has a positive effect on the Social Capital category, enhancing its social license operation, while positively affecting Human Capital by further developing the skills of employees in order to meet the modern requirements of the production process.

The use of raw materials from non-renewable sources, air pollutant emissions and waste generation, in the context of Metlen' activity, limit the value generated by the utilization of Natural Resources. Metlen, in order to minimize its impact on the natural environment, along with the certified environmental management system applied, promotes the implementation of best available techniques in all its Business Sectors. This practice requires financial resources, the allocation of which reduces Economic Capital in the short term. At the same time, however, the value of Social Capital is enhanced by ensuring compliance with the environmental operating conditions and the social acceptance of the Company's activity. Also, the conversion of raw materials and other materials into products, through the utilization of Industrial Capital , increase the value reserves of both Economic and Human Capital in the long run.

Certification

The 92.9% of the industrial & RES plants of Metlen, have in place an Environmental Management System, certified by ISO 14001:2015 Standard.

Trade-offs (Human Capital with the other categories of Capitals)

The people of Metlen are the key component of the value produced by the Company throughout its activity. The Company invests part of the value of its Financial Capital for the remuneration, benefits, safety, training and development of its employees. The development and utilization of employees' skills in the production process enhances the efficiency and therefore the produced value of Industrial Capital, while investments to ensure Health & Safety in the workplace and by extension the right of direct and indirect employees to work without exposing themselves to an immediate risk of injury or illness enhances the generated value of the Company's own Human and Social Capital. In addition, human resource management policy in the long term preserves the value of Economic Capital by maintaining the Accident and Employee Mobility rates at very low levels, avoiding respectively costly accidents and the cost of replacing and training skilled workers.

Certification

The 90% of the industrial & RES plants of Metlen, have in place an Occupational Health & Safety Management System, certified by ISO 45001-2015 Standard.

Trade-offs (Social Capital with the other categories of Capitals)

For the implementation of Metlen' social policy, which is directly addressed to its local communities and the wider society, specific investments are implemented through sponsorships, donations, social programs and support of local infrastructure, which reduce the Company's Financial Capital in the short term, while in the long term contribute decisively to its strengthening. Metlen relations with its Stakeholders, affect either directly or indirectly its image and reputation. These relationships, which are characterized by a variety of forms of partnership, dictated by the respective social and economic conditions and implemented mainly through the Company's Business Sectors, are of vital importance for all Capital Categories utilized by Metlen, contributing to the effective operation of its business model and the renewal of its social license to operate over time.

Significant distinctions

• GOLD Award: for the Metlen Smart cities program - developing sustainable cities, in the category: Impact on Local Communities
• SILVER Award: for the educational program Information & Familiarization with Disability in Schools: "Learning to See Man", in the category: Less Inequalities
• BRONZE Award: for the Metlen Smart cities program - developing sustainable cities, in the category: Sustainable Cities & Communities

• Distinction in the pillar BRAVO GOVERNANCE, for the initiative: "Supply Chain Assessment & Training"

• SILVER Award: in the category "Work H&S Training Program & Awareness Initiative" for its new training program "Safety Kiosk" implemented at the Aluminium plant in Greece from 2022, in the context of actions for Occupational Health and Safety.