Funding support for sustainable business development & ESG investments

Sustainable Business Development with ESG Criteria

Internationally, there’s a recognized need for the transition to a new development paradigm focused on the sustainable growth of businesses, considering their contribution to addressing challenges like the climate crisis and social inequalities.

Integrating the three pillars of Sustainable Development – Environment, Society, and Governance (ESG) – is imperative for businesses.

Each year, more businesses of all sizes seek to incorporate sustainability, responsibility, and good governance into their strategies, practices, and daily operations to achieve resilient and cohesive growth.

Benefits of ESG-Compliant Companies

Companies adopting ESG criteria gain increased investor trust, better access to financial tools and capital, enhance their brand image, support regulatory compliance, and transparency.

Simultaneously, they contribute to reducing environmental risks and carbon footprints, as well as mitigating health and safety hazards in the workplace.

Supporting Sustainable Development & ESG Investments

Select the financing option that fits your green and sustainable development plan.

Programs from national and European funding, such as the Recovery and Resilience Fund (RRF), the Development Law and the ESPA, can be utilized by most businesses to support Green and Sustainable Development expenses.

Indicative Expenses Financed by ESG Criteria

Businesses aiming to implement ESG policies plan interventions and expenses falling into three categories of ESG indicators:

A. Environment (Environment – ESG)

Indicator: Greenhouse Gas Emissions

Expenses:

• CO2 reduction studies and Net Zero goals
• Installation of liquid and solid waste management units

Indicator: Energy Efficiency

Expenses:

• Use of RES – improving energy efficiency of buildings, vehicles, equipment
• Modernization of lighting systems and energy-saving automation
• Installation of heat pumps, modernization of ventilation and air conditioning systems, improvement of hot water supply system efficiency
• Purchase of electric commercial vehicles like CLARK
• Replacement/installation of insulation (e.g., external thermal insulation, soundproofing)
• Expenses for purchasing energy class A devices like refrigerators, ovens, digital screens

Indicator: Water Consumption and Recycling

• Installation and modernization of water systems

Indicator: Biodiversity Protection

• Environmental management system
• Equipment for recycling such as waste bins, composting machines

B. Society (Society – ESG)

Indicator: Diversity and Equal Opportunities

• Percentage of women in Management Positions
• Programs promoting equal opportunities and fighting discrimination
• Development of Social Return on Investment (SROI) report
• Development of Social Impact Assessment reports

Indicator: Employee Training and Development

• Seminars and educational programs

Indicator: Health and Safety of Workers

• Worker safety systems (fire alarm-firefighting systems, accident prevention)
• Certifications (such as CE, EN, ISO)
• Ramps for people with mobility issues, work programs for disabled people

C. Governance (Governance – ESG)

Indicator: Business Ethics and Transparency

• Corporate Social Responsibility actions
• Responsible Supply Chain Management Reports
• Corporate Governance Transparency and Anti-Corruption Reports
• Data protection software, antivirus programs
• Cybersecurity equipment and software
• Certifications

VK PREMIUM provides support from investment consultants with the necessary experience and knowledge of every subsidized and co-financed program to guide you in selecting the program suitable for the ESG expenses you are planning.

For further information please contact VK PREMIUM Business Growth Consultants at : info@vkpremium.com or call us : + 30 210 6835560