News in Brief

Climate Risk Readiness Through Open Innovation: Greek Organizations To Lead with ESG PRO

ESG PRO – Climate Risk Readiness Through Open Innovation – is a program that invites corporate ESG (Environmental, Social, and Governance), Sustainability, and Innovation teams from Europe to join on an accelerated journey to the forefront of sustainability and innovation.
Greece faces significant challenges in the areas of climate change, employment and responsible consumption, as highlighted in the European Sustainable Development Report 2023/24. The country’s ESG maturity lags behind EU standards, with only a minority of companies having established ESG performance reporting. The recent introduction of mandatory European Sustainability Reporting Standards (ESRS) underscores the urgent need for Greek companies to integrate ESG principles.

The ESG PRO program is tailored to address these challenges head-on by:
● Enhancing data collection and analysis.
● Developing ethical and sustainable supply chains.
● Reducing greenhouse gas emissions.
● Managing waste effectively.

About ESG PRO
In this advanced program, organizational leaders will immerse into open innovation tools with a specific focus on environmental concerns and climate risk readiness.
Recognizing the transformative potential of Environmental, Social, and Governance (ESG) principles, participants will explore avenues to leverage sustainable growth tactics to drive organizational excellence and innovation.
ESG PRO is a prestigious program under the EIT Hub Israel, part of The European Institute of Innovation & Technology’s (EIT) Global Outreach program.
Participants gain exclusive access to the Israeli startup ecosystem, home to over 800 companies offering solutions to climate change, including energy transition, carbon tech, transportation, clean industrial tech, food and land use, and water solutions. These innovative technologies are ready to be tested and implemented in Greece and beyond.

Program Highlights
The program kicks off with an intensive two-day workshop on September 11-12 in Europe, focusing on:
● Identifying ESG and climate risk challenges.
● Developing strategies and setting achievable decarbonization targets.
● Assessing emission sources and creating initial roadmaps.
Participants will build an ESG and Open Innovation Roadmap, leveraging methodologies such as technology discovery, PoC structuring, and unique value propositions. The workshop’s tangible outcomes include actionable plans for emission reduction and strategic roadmaps for organizational success.
Through open innovation best practices, ESG PRO connects participants with startup solutions tailored to mitigate climate risks, facilitating the execution of PoC projects. This collaborative approach not only fosters professional development but also catalyzes climate-focused innovation, addressing global sustainability challenges directly.

The ESG Advantage
Joining ESG PRO equips corporate ESG teams with essential skills and knowledge, enabling them to:
● Set realistic decarbonization goals.
● Drive meaningful progress within their organizations.
● Obtain certification as ESG and sustainability experts, enhancing their credibility.
● Unique Access to Innovation
Eden Dvir Zano, Managing Director of EIT Hub Israel, emphasizes the programme’s mission: “We aim to harness the transformative power of Israeli technologies and drive open innovation practices to address climate risks and accelerate decarbonization goals. It’s about engaging not only our ESG and innovation teams but the entire ecosystem and leveraging Israeli ingenuity to shape a more sustainable future.”

Strategic Benefits for Greece
Through cross-border collaborations, Greek organisations can improve their rankings in the EU ESG benchmarks and establish a foundation for sustainable finance. ESG PRO positions Greek corporates at the vanguard of ESG excellence and innovation, preparing them to meet and exceed emerging EU standards.

*ESG PRO is a program of the European Institute of Innovation & Technology (EIT), a body of the European Union.