CSR in Greece - forum 2011


      Press Release

1st Annual Conference of Corporate Social Responsibility 'SUPPORT'

With unique success and a great participation, Capital Link organized its first Forum on Corporate Social Responsibility “SUPPORT” in Athens on “Corporate Social Responsibility – Bridge of Communication between Business and Society” on Tuesday 28 June 2011 at the Divani Caravan Hotel.

The Forum complements the effort that was recently launched by Capital Link with its website www.csringreece.gr, which aims to become a true Bridge of Communication between businesses and society and build meaningful relationships between them. That is precisely why the Forum mainly emphasized the role and interaction between governmental factors, companies and NGOs in the area of CSR. The latest critical issues and trends were discussed, as well as the developments of important activities in the area of CSR, suggesting the best practices of social responsibility by industry and showcasing the way in which NGOs and institutions interact with the business world in order to finance their programs. The Forum provided practical guidance in regards to the adoption of the appropriate criteria to apply the best practices as well as instructions for the preparation of reports about social impact assessment.

Within the Forum’s context and aiming at networking and bringing together executives of companies with CSR activities and the management bodies of Society, we had for the first time a special area where a large number of players (60 players from all over Greece) were represented by their executives, the communication material, each of them in its own dedicated area. In this way we provided an immediate and objective interaction between all the interested parties of CSR.

Mr. Nicolas Bornozis, President of Capital Link, stated: The current economic and business environment faces particular challenges worldwide. In the United States, the economic recovery was much slower than expected. Europe also suffers from a debt crisis affecting many countries and tests the limits of the possibilities of the European Union. Greece on the other hand goes though a dramatic restructuring while its economy is in recession. To these challenges we can add the pressures from the natural disasters in the Far East, the worldwide environmental disasters and the implications of all of them to the involved communities.

In this environment, the concept of Corporate Social Responsibility (CSR) has a renewed significance for businesses, which are now expected not only to survive and present better financial results but also to follow a strategic plan which respects the social, environmental and ethical principles. CSR now has critical practical implications for the companies which adhere to it, the shareholders and society at large. The companies, through the CSR actions are required to fulfill the basic needs of our society by supporting the programs, whose funding is either limited or at risk. By this they prove their social and environmental consciousness with a positive impact on the financials of the company. This applies worldwide and especially in Greece today.

Continuing the successful tradition of 15 years of operating as a link between businesses and investors, Capital Link launches through its website www.csringreece.gr a new activity aiming to maximize the promotion of CSR activities of Greek companies in the broader public, both in Greece and abroad. Our goal is twofold. First, to act as a direct link, as a bridge between the companies and society, including the Government and any non-governmental organizations and associations which are active in this field, in order to build meaningful relationships between them.

Secondly, to provide to the companies that implement a firm CSR strategy, a platform that will enhance and raise their profile and actions in this area, to a broader audience of shareholders, society and investors, both in Greece and abroad. In this context we believe that the Annual Forum brings a new perspective, enabling the stakeholders of CSR to meet and discuss.


The Forum’s Keynote Speaker was Mr. Michel Doucin, Ambassador of the French Ministry of Foreign Affairs with responsibility on Bioethics and Corporate Social Responsibility.

Mr. Michel Doucin stated the following : «Since 2000, and the birth of Global Compact, launched by the Secretary General of the UN, followed by the ISO 26000 negotiations and UN Special Representative mandate on human rights and business, CSR faces the challenge of becoming an universal concept based on internationally recognized principles. France considers very important to contribute to that aim with the view that behaviour of companies is a key element for the future of the planet. CSR is, indeed, now widely recognized as an essential way for the sustainability of our world.

The generally accepted definition, “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis” (Communication from the European Commission of 22 March 2006), points out the importance of stakeholders. They are the constituencies of societies. ISO 26000 definition underlines the responsibility to reduce any risk of negative impacts.

Consequently, we observe a growing interest of public authorities –international national and local - for CSR seen as a new tool for regulating globalization. Sustainability of our ecosystem is at stake. Future generations are at stake. Is the market able to respond to the challenge when left to its own devices? The present international crisis sets an important doubt up towards this statement. Greece is on the front line to this extent. Who has the legitimacy for dealing with such responsibilities? States and their organizations. Their vocation is to protect citizens and organize sustainable welfare of their nation».


The Introductory Remarks were done by Mr. Nicolas Analytis, President of the Greek Network for Corporate Social Responsibility, who stated: “The global events of the last 20 years and the new challenges that society faces (increased unemployment and poverty, degradation of the natural environment, violation of basic human and labor rights, etc.) have maximized the need for harmonization between the business and society. Issues such as accountability, innovation, long-term growth and above all the future of society and the planet are a priority. In this context, CSR will be the bridge for this necessary approach.”

During the Forum, there were presentations from the following:

Mr. Konstantinos Evangelinos, Assistant Professor, Department of Environment, Aegean University presented the evaluation methodology on Corporate Social Responsibility which the Department of Business and Environmental Policy has developed and implements for the last 5 years. He also presented the results of the assessment of accounts for the past year as well as the good practices and opportunities and challenges which are presented by the drafting process of the Sustainability Report.

Ms. Chrysoula Kontogianni, Director of the Greek Branch of the International Social Service.

Mr. George Vernikos, President of Greenpeace in his speech titled “Corporate Social Responsibility: a pretext or substance?” commented: “In GREENPEACE we want the economy to be an ally in the innovations for the sustainable development. We don’t want CSR to be a marketing tool but a tool that truly explores the purpose and responsibility of businesses. We ask from the businesses – especially from those whose size and influence is of a dominant position – to undertake initiatives to challenge the conditions prevailing, by contributing to a new era of innovations, inspiration and human wisdom.”

There were several panel discussions, as follows:

Education – Youth – Culture

Moderator: Ms. Penelope Gavras, Journalist – NET

Speakers: Ms. Ourania Soulaki, Associate Director of Corporate Social Responsibility & Public Relations, Hellenic Petroleum S.A., Ms. Athena Kritikou Yennimata, President - Association of Social Responsibility for Children and Youth, Mr. Constantinos Evripides, CEO, Genesis Pharma S.A. and Dr. Michael Arvanitis, President, Euroscience

Ms. Ourania Soulaki, Associate Director of Corporate Social Responsibility & Public Relations, Hellenic Petroleum S.A. said:”We live in a world that operates with knowledge as the driving force. Nowadays, large and small businesses around the world invest in education and vocational training, providing not only resources but also expertise and experience. In Greece, this trend we could say is still in its infancy, at least hen it comes to the development of a greater cooperation between the state, universities and the private sector. However in the Hellenic Petroleum S.A. Group we see the investment in education as an investment for the future of the Group and also an investment in a better tomorrow for all: for the youth and their families, the local communities, our country as a whole.”

Ms. Athena Kritikou Yennimata, President of the Association of Social Responsibility for Children and Youth emphasised that the 1st Forum on Corporate Social Responsibility 'Support', allows for the first time the companies and social institutions the possibility to coexist and file data. As the main problem in the relationship between the state – companies – social institutions and the general public she stated the lack of a reliable and centralized mechanism for reporting and information. She also said that in order to improve the access to information, the below are necessary:
A/ Creating a mechanism of public awareness and support
B/ The support of the Media
C/ The establishment of a Pan-Hellenic Day of Social Stakeholders D/ The creation of a Chamber of Social Stakeholders

Mr. Constantinos Evripides, CEO of Genesis Pharma S.A. and Dr. Michael Arvanitis, President of Euroscience said: “The Greek pharmaceutical company GENESIS Pharma and the non-profit Euroscience are working closely since early 2010 on the implementation of the program Let knowledge fly, in order to provide access to technology and knowledge in children and young people in remote areas of Greece that have limited infrastructure. Specifically, they are joining forces to collect used computers that are no longer used and new or used educational, scientific and literary books, strengthening as such the schools and public libraries. Apart from donations from GENESIS Pharma, which covered the needs of seven remote islands, together they make a systematic effort to inform and mobilize companies, institutions and the public so that the program is expanded where necessary.”

Mr. Constantinos Evripides, CEO and Founding Member of GENESIS Pharma, stated the reasons why the company chose to adopt this initiative, within its overall action program in the field of education, its contribution to the program, but also the importance of partnerships between companies and institutions.

Dr. Michael Arvanitis, President of the NGO Euroscience, gave specific information about the Program, the results to date and the goals for the future.

“Socially Responsible Businesses & Workplace”
Moderator: Mr. Michalis Angelopoulos, President, European Movement in Greece Speakers: Ms. Louka Katseli, former Minister, Ministry of Labour and Social Security, Mr. Luc Hendrickx, Director Enterprise Policy and External Relations, European Association of Craft, Small and Medium-Sized Enterprises (UEAPME) and Mr. George Haros, Executive Director of People Solutions, ICAP

Mr. Michalis Angelopoulos, President of European Movement in Greece analyzed in his speech the below in regards to CSR:
1. Mandatory agreement to ensure a better profile for a company or ... ... a new social contract aimed at the multilevel cooperation of employers, employees?
2. There is a need to create CSR addresses in companies with certified academic and professional consultants – officers or can this be covered by internal changes and personal skills?
3. Do the actions for the environment take precedence and why? Easy road or a real priority? 4. Synergies of CSR networks

Ο κ. Luc Hendrickx, Director Enterprise Policy and External Relations, European Association of Craft, Small and Medium-Sized Enterprises (UEAPME) noted the following: “Nowhere than in SMEs is the link between entrepreneurship, values and responsibility stronger. Closer ties with the local community and long-lasting interests in its development make responsible entrepreneurship one of the key features of European SMEs’ business model. Increasing small businesses’ awareness on the need to integrate social and environmental issues into their daily work is one of the keys to stimulate innovation, foster social cohesion and create growth and quality jobs in Europe. However, obligatory reports will not make enterprises more socially responsible, quite the contrary.”

Mr. George Haros, Executive Director of Consulting Services in Human Resources of ICAP Group participated in the panel with the occasion of the latest edition of ICAP “LEADING EMPLOYERS in GREECE”, the first conjunctive Guide to Human Resources and Corporate Social Responsibility. In this edition for the first time are showcased the companies – pioneers in these areas and with that as a springboard, Mr. Haros expects to demonstrate the relevance of the Human Resources and Corporate Social Responsibility in companies, since their common denominator is the people. In a society where everything is measured, the executives of the HR and CSR should develop common performance indicators and guide their companies towards the 'good' result.

Environment – Climate Change
Moderator: Dr. George J. Avlonitis, Professor of Marketing & Communication, University of Economics, Athens
Speakers: Ms. Rena Koumantou, Director, SEV-Business Council for Sustainable Development, Mr. Serafeim Ioannides, Coordinator Director of Quality Assurance & Environmental Protection, Mr. Dimitris Bilmezis, Director of Public Relations & Total Quality ELINOIL S.A., and Mr. Lazaros Poulios, Executive of Partnerships of Corporate Responsibility & Supporters – Callisto Environmental Organization

Dr. George J. Avlonitis, Professor of Marketing & Communications, University of Economics, Athens stated: In the Greek market in recent years we have seen an increase of environmental actions taken by companies, with many of them adopting more or less clear environmental objectives as part of their corporate strategy, as reflected in their Annual Reports. According to the results of the annual survey of the marketing laboratory of the University of Economics, Athens A.LA.RM in cooperation with the Center for Sustainability CSE this trend reflects the contemporary attitude and awareness of the Greek consumer towards the environmental activities of the businesses indicating the need for the companies to adapt to the idea that a long-term commitment to 'green policies' is a sustainable competitive advantage.

Ms. Rena Koumantou, Director, SEV-Business Council for Sustainable Development said: Under the difficult conditions of the crisis we are experiencing, the objectives of sustainable development, where the economic development, environment and social cohesion coexist as three equal axes of perception and action, remain highly current. That is why the climate change and dominant environmental challenge of our time must be treated holistically, in order to select policies and practices that will diminish their impact on the environment and will also ensure the economic viability and social welfare for us and for future generations .

Mr. Serafeim Ioannides, Coordinator Director of Quality Assurance & Environmental Protection National Natural Gas System Operator (DESFA) S.A. said: The purpose of DESFA S.A. in relation to its responsibilities and obligations towards the business, cultural and natural environment is reflected fully in the Environmental Policy that maintains, controls and updates through its established and comprehensive Environmental management system that implements. Our policy in regards to the environmental management of the processes and the protection of the environment has as its founding principle the sustainable development and aims to minimize any environmental impacts.
Our actions to achieve environmental excellence include the:
• Systematic targeting (S.M.A.R.T.)
• Strengthening of volunteerism
• Systematic monitoring of compliance
• Indicators for measuring performance
• Internal context of benchmarking the environmental performance of facilities
• Sensitization and Reward of employees and society
We consider critical to enhance any action between the companies that aim to:
• the collective response
• the exchange of best practice environmental management process • the establishment of a framework for benchmarking the environmental performance.”

Mr. Dimitris Bilmezis, Director, Public Relations & Total Quality ELINOIL S.A., stated: “In Elin, social responsibility is an integral part of our corporate culture. Significant investment moves, such as entering the field of biofuels, innovative charters, specially constructed tankers to supply the island network and the collaboration with the National Technical University of Athens to control fuel quality, have evoked our growing concern on issues such as environmental pollution and the need for consumer protection. Elin with a responsibility towards society will continue to grow while remaining consistent to its principles of integrity, reliability and top quality products and services.“

Mr. Lazaros Poulios, Executive of Partnerships of Corporate Responsibility & Supporters – Callisto Environmental Organization said: The actions of Kallisto are related to the protection and preservation of large carnivores and their habitats. Our main goal is the information, activation and participation of the citizens in our efforts. In recent years we are trying to find companies-allies in the Corporate Social Responsibility in order to implement our actions/programs to protect the environment as a whole, but also with a view to maintain our independence from any governmental and private interests.

Moderator: Ms. Eva Delidaki, Journalist, ET1
Speakers: Ms. Eleni Koniari, Vice President, Hellenic Association of Health Visitors, Ms. Sissy Iliopoulou, Senior Communications Manager, Novartis S.A., Dr. Michael Kyriakides, President and CEO, Universal Studies of Health and Business and Mr. Christos Christou, Board Vice President, Medecins Sans Frontieres.

Ms. Eva Delidaki, Journalist of ET1 said: “When an institution is born – like Corporate Social Responsibility – in a historically difficult time of our country, it is the most optimistic thing that could happen. To become a bridge of communication between the businesses and society is not just optimistic but also effective for the future. The ways are many. Information, discussion, brainstorming, implementation. My belief is that all of us here are not willing to give up and get sick. What is certain in my opinion is that since we are here, with faith and hard work we will be able to prove that nothing is wasted. People hold huge reserves of strength within them and claim their health and not allow anyone to steal their lives. In the 1st Annual Conference of CORPORATE SOCIAL RESPONSIBILITY the slogan that will prevail is WE ONLY GO AHEAD and our panel with the Health Guests, Novartis, the Universal Studies of Health and Business and Doctors without Borders, gives light to the vision that, when one supports the other, the building never collapses.”

Dr. Michael Kyriakides, President and CEO of Universal Studies of Health and Business said: Corporate Social Responsibility, starts from education, collaboration and profitability in the health sector. That is why special schools, in relation to NGOs, PORTAL and organizations, must train people and awaken them to the concept of prevention, positive thinking and good health in general. The systematic information, with coordination and values is the best CSR.

Ms. Sissy Iliopoulou, Senior Communications Manager, Novartis S.A. said: “The issue of Responsible Operator widely, and not only limited to businesses is very current in the environment that has developed recently. Responsibility, not as an abstract concept but as a foundation of a new management model for companies and organizations, of governance of the state and of the daily practice for each one of us. The mentality of decades of everyone looking at just his own micro-world without caring what happens around, is now obsolete and is to a certain extend responsible for the unsustainable and unsuccessful operation model all these years.

CSR is a new concept that puts the focus on the future viability of the company rather than the occasional and exclusive profit making, taking into account the interests of all those affected by its operations and its individual actions and not only its own interests. Many companies have launched discussions with these Social Partners, as they are called, with sophisticated management models based on Corporate Responsibility, in order to find common points, goals and mutual benefits and plan specific actions to achieve them. All of these also apply to healthcare, which is complicated with several partners to participate in the chain. Indeed, the importance of CSR in this area is even greater since Health and Medicine are Social Goods, so are by nature closely connected with people, society and the concept of Responsibility. The innovation, product safety, quality control, transparency, business ethics, patient access to medication and the defense of their fundamental rights are key issues when talking about Corporate Responsibility in the Pharmaceutical industry and the health sector in general. At Novartis we aspire to be one of the most appreciated companies in the healthcare sector and we believe that Social Responsibility means creating value for the company, its people, patients, health professionals and all those working closely with the company. It is also a main component of how we develop, produce, promote and make our products accessible to patients.”

Ms. Eleni Koniari, Vice President of the Hellenic Association of Health Visitors spoke about the role of cultural diversity in the education of employees in matters of hygiene and safety at work. This study investigated the role of cultural diversity in the education of employees in matters of hygiene and safety at work, by carrying out a questionnaire completed by employees – immigrants on construction sites in Attica. The objective was to investigate the diversity in the education of adult employees – migrants, depending on their cultural background (country of origin and language) on the following issues. It surveyed adult education in the workplace, social security of workers and the specificities of intercultural education. An original questionnaire was edited for the completion of the survey which was filled in by 39 migrants – workers. The data analysis was done with the testing methods of descriptive statistics (SPSS, V.12). The findings of this survey lead to the conclusion that the understanding of language and the insurance at work significantly affect the health and safety of immigrants at work.

Mr. Christos Christou, Board Vice President, Medecins Sans Frontieres, said: “Medecins Sans Frontieres was created in 1971 by a group of French doctors who believed that all people are entitled to medical care. Forty years later, we implement more than 362 programs in 68 countries worldwide. Our work is characterized by our action in emergency situations, such as the devastating earthquake and tsunami in Japan and Haiti in 2010, but also our medical practice in long-term programs in countries where access to health facilities is very difficult such as in Zambia, the Democratic Republic of Congo, Niger, etc. Currently, more than 30,000 qualified medical and administrative staff, offer their services in our programs, while 3.7 million donors around the world support our action.

“Through the difficult economic times we are experiencing in recent years, we believe that companies can play a key role in promoting ethical and humanitarian values. This can be achieved through collaboration with an NGO such as Medecins Sans Frontieres, bringing multiple benefits, firstly to the people who need social assistance and to the broader society. The possibilities for cooperation with Medecins Sans Frontieres are many (financial support of our programs, sponsorships of our activities or events, cause related marketing actions, etc.). Through this kind of cooperation we will be able to help more people in need and save more lives when a crisis breaks out or a natural disaster. With your support we can practice the humanitarian action without borders.”

“CSR in the field of Traditional Energy and Renewable Sources“
Moderator: Mr. Christos Konstas, Financial Editor - Analyst, ALTER & O Kosmos tou Ependyti
Speakers: Ms. Lena Sarikaki, Head of CSR Sector, Public Power Corporation S.A, Mr Spyros Kiartzis, Deputy Director of Alternative Energy Sources Hellenic Petroleum S.A., and Ms. Maria Schoina, Public Relations & Communications Operator Natural Gas System Operator (DESFA) S.A.

Mr. Spyros Kiartzis, Deputy Director of Alternative Energy Sources Hellenic Petroleum S.A., said: In the context of tackling climate change and reducing carbon footprint of the Group, Hellenic Petroleum S.A.:
• develop in the market for Renewable Energy, to develop a significant power generation from wind, solar, small hydro and biomass.
• invest in developing new technologies for biofuels and renewable energy, with targeted support for research programs in cooperation with Greek universities.
• pioneer by supporting pilot applications of alternative technologies by participating in a hydrogen refueling station and installing charging stations for electric vehicles in the EKO stations.

Ms. Lena Sarikaki, Head of CSR Sector, Public Power Corporation S.A stated: “The Public Power Corporation S.A, since its inception in 1950 until today, achieved the electrification and ensure the adequacy of electricity in Greece, and was also the basis for the development of national economy. Considering that its responsibility is not limited in its activity, but also extends to actively participating in society, it has made CSR an integral and essential part of its strategic plan, taking responsible initiatives and adopting specific policies.”

Ms. Maria Schoina, Public Relations & Communications Operator Natural Gas System Operator (DESFA) S.A. said: One of the basic beliefs of DESFA S.A. is that the development of its activities will have the best results if achieved in a socially robust environment. Aiming therefore at its operation in harmony with society, it attaches great importance to the issues of Corporate Social Responsibility. The primary corporate goal of DESFA S.A is to be recognized as an Excellent Manager of the National Natural Gas System in Europe and it has set its strategic implementation priorities in strengthening its corporate social responsibility, such as ensuring the competition in the domestic energy market, securing the energy supply, reducing greenhouse gas emissions, safety at work, safeguarding and protecting human rights, eliminating all forms of discrimination in the workplace, protecting and maintaining the transparency in business processes, continuing educating the staff, recognizing the right of trade unions, strengthening the Volunteer Spirit and the priority of contribution to socially vulnerable groups. At DESFA S.A. the Principle of Corporate Social Responsibility is defined as a substantial contribution to our society through economic development of our country, optimization of the indicators of prosperity of the Greek society and minimization of the environmental impacts of the company.

“Based on these values and beliefs, we have implemented a broad program of Corporate Social Responsibility based on five pillars: Environment, Education & Sports, Culture, Contribution to our Fellow Men and Intra-company Actions. DESFA S.A. is the administrator of the National Gas Transmission System, founded on March 31st, 2007 whose mission is the operation, maintenance, management and development of ESFA, as well as the free and non-discriminatory third party access to the National Gas Transmission System.”

“CSR in the Food & Nutrition sector”
Speakers: Mr. Alexandros Livas, General Director, Food Treasury S.A. and Mr. Dimitris L. Maniatakis President, Maniatakeion Foundation

Mr. Alexandros Livas, General Director, Food Treasury S.A. said: “The clear benefits of healthy nutrition can easily become part of our everyday lives. The organic supermarkets Kyriakides have a vast range of certified health products at stable economical prices. Our concern for healthy products is identified with social responsibility, as the products we offer promote the health of society. For us, the awareness of the people about healthy foods is a challenge because it creates the conditions for all of us to live better.”

The President of the Maniatakeion Foundation D. Maniatakis in his speech outlined the purposes and activities of the Foundation. He then made reference to the time of registration of the Mediterranean Diet to the Representative List of Intangible Cultural Heritage of Humanity by Unesco, the proclamation of Koroni as a Flagship Community and the involvement of the Foundation in this national issue. Finally, he emphasised the Official Meeting of the Flagship Communities for the Mediterranean Diet, which was held in June 3 and 4 in Koroni.

ORGANIZERS The Forum was organized by, an Investor Relations and Communications company with headquarters in New York and offices in London and Athens, as is described in the attached profile.

Hellenic Petroleum S.A., Natural Gas System Operator (DESFA) S.A.

COSMOTE S.A., ΕΚΟ S.A, Food Treasury S.A., Hellenic Fuels S.A., ICAP, OTE S.A. Public Gas Corporation S.A , Public Power Corporation S.A,

Kafea Emporiki Techniki S.A.

AKMI Metropolitan College

The Forum’s Media Partners are:

From abroad: the international house Institutional Investor
From Greece: the newspapers “ATTIKI” free press & «City Press – Free Sunday», the magazine CSR REVIEW, the websites www.advertising.gr, Balkans.com Business News & www.palo.gr

The television channels SBC Business Channel – Channel 10

The material of the Forum is available at the CSR website of Capital Link: www.csringreece.gr/forum

With its headquarters in New York and presence in London and Athens, Capital Link has been active since 1995 in the field of Investor Relations and Financial Communication. Its activities focus mainly on three areas: 1) Linking companies with strategic and institutional investors, bankers, analysts, and the financial media in Europe and the United States, 2) American Closed-End Funds and ETFs, 3) Listed shipping Companies. Capital Link's programs combine IR, IT and financial media in one comprehensive package enabling Companies to maximize their penetration and recognition in the global investment community. (www.capitallink.com)
Capital Link maintains close collaboration with the three main US Stock Exchanges (New York Stock Exchange, American Stock Exchange (now part of NYSE) and NASDAQ), the London Stock Exchange, the Athens Stock Exchange as well as numerous companies in Greece, Europe, US and Chile. It also organizes annually in New York, London and Athens a series of Investment Forums focusing on its main activity fields (www.capitallinkforum.com).

Capital Link has a leading position globally in the area of Investor Relations with respect to shipping, as it cooperates with 25 shipping companies listed on the three US Stock Exchanges, as well as in London (LSE and AIM) and Milan. It also maintains a shipping portal with information on all UK and US Listed shipping Companies (www.capitallinkshipping.com).

Capital Link is by far the most recognizable IR firm in this sector with unique access to investors, analysts, media and bankers. It has built the most extensive and effective platform for linking Listed shipping Companies with the investment community in Europe and the United States. Capital Link is a member of the Baltic Exchange and organizes regularly Analyst and CEO Forums on tankers, containers and dry bulk shipping. Additionally, it holds annually the Invest in International Shipping Capital Link Forums in New York and London. Finally has developed and maintains a series of stock market maritime indices which track the performance of U.S. listed shipping stocks (www.maritimeindices.com)

For further information, please contact:

Olga Bornozi obornozi@capitallink.com +30 210 6109 800
Maria Chercheletzi marketing@capitallink.com +30 210 6109 800

www.capitallink.com / www.csringreece.com / www.capitallinkforum.com