Environment & Sustainability Caring for the Planet

Environment & Sustainability
Caring for the Planet

Preserving the environment is a priority commitment for Grecian Magnesite. We believe it is our obligation to minimize our environmental footprint, by strictly complying with national and EU regulations and identifying, reducing and managing the environmental aspects and impacts associated with our activities.

We work to be environmentally responsible throughout our organization; in how we power our facilities & tackle climate change, manage wastes, preserve natural resources, endorse biodiversity and promote sustainable land use.

Our Principles

Our Principles

Grecian Magnesite’s fundamental principle is that the extractive and ore processing activities (i.e. beneficiation, calcination, final processing) must go hand in hand with effective and consistent environmental protection.

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Climate & Energy

Grecian Magnesite addresses in multiple simultaneous ways the objectives of maximizing its energy efficiency as well as playing its part in the joint effort to achieve climate neutrality by 2050 as set by the EC.

Waste Management & Recycling

Management of Non-Mining Wastes

Avoiding, reducing, reusing, and recycling non-mine waste.

Grecian Magnesite has adopted and implements a specific policy for the effective management of our hazardous and non-hazardous non-mining wastes...

Olive tree at Yerakini Mines

Mine Rehabilitation & Biodiversity

A Give & Take Relationship: We take from the environment what we need making sure that we return to nature what it needs.

Our modus operandi aims at minimizing our environmental impact and promoting sustainable land use.

Preserving Natural Resources

At Grecian Magnesite, we understand the value of natural resources both above and below ground. We strive to deliver operational excellence, safety and environmental performance for our people, the society and our customers.

Our natural resources preservation strategy comprises three key pillars:

Preserving Natural Resources

We commit on green & innovative technology solutions for a sustainable future.

We engage & commit a substantial share of our resources to actively participate in and contribute to a wide portfolio of projects, for the search of green/innovative technology solutions for a sustainable future. Examples of current funded research programs are ConcenCUS & NANOCAP, for carbon capture and utilization technologies, PERSEPHONE for autonomous near-mine exploration, or MagWasteVal & FINE FUTURE for the utilization of mining wastes.

Olive trees cultivation in Grecian Magnesite Yerakini mines & works
Our People & Society Caring for the People

Our People & Society
Caring for the People

The extractive industry is a business activity of vital importance to human well-being as it provides products that cover society’s basic needs. To ensure that current as well as future requirements of society are met, the extractive enterprises need to be able to operate within a predictable legal and institutional framework, which enhances entrepreneurship, ensures environmental protection and strengthens social cohesion.

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Health, Wellbeing & Safety

Caring for our employees extends beyond physical safety and includes their overall health and wellbeing. This is important at work because a healthy mind is also a safe and productive mind, able to identify hazards and support other people around them.

The Health and Safety of employees, contractors and the community, in which Grecian Magnesite operates, is an integral part of our business. Safety risks are managed across all sites through HSE Management Standards.

Community Engagement

Grecian Magnesite understands and appreciates the vital role the local community plays in the sustainability of our company. The company has been mining magnesite in the region for more than half a century, and we consider ourselves proud members of the local community.

Community Engagement
Human Rights & Business Ethics

Grecian Magnesite SA8000 certification social accountabilityHuman Rights & Business Ethics

Grecian Magnesite’s Code of Conduct outlines our commitment to high ethical standards and compliance with applicable laws wherever we operate. Grecian Magnesite will comply with local law and standards and shall be honest and fair in all negotiations and agreements. All employees and the board of directors, together with all business partners have to comply with our corporate Code of Conduct. We will not permit or tolerate engagement in bribery or other forms of corruption. We ensure that our operations are conducted in accordance with basic human rights standards with no discriminations on the basis of gender, religion, race, national or ethnic origin, cultural background, social group, disability, sexual orientation, marital status, age or political opinion. Harassment and other improper conducts are not tolerated. 

Responsible Sourcing

Responsible sourcing is high on our corporate agenda. We have worked hard to ensure that our supply chains are in line with the principles of sustainable development in order to anticipate the social, environmental and corporate governance (ESG) challenges, manage the risks and opportunities they entail and ensure long-term growth both for our company and for society.

Responsible Sourcing
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