Montenegrin Electric Company - Elektroprivreda Crne Gore (EPCG) has been actively promoting environmental, social and governance (ESG) practices in its operations. The company recognizes the importance of sustainability and has made strides in reducing its carbon footprint and promoting green energy.
In terms of environmental sustainability, EPCG has implemented project of ecological reconstruction of the termo power plant while diversificating production towards renewable energy sources such as wind, solar, and hydro power. The company has announced the construction of HPPs 'Komarnica' and „Kruševo“, the 'Gvozd' wind farm and 'Briska Gora' solar power plant, among other projects. These projects are a part of EPCG's commitment to increasing the share of renewable energy in its production mix and reducing its reliance on fossil fuels.
"EPCG is commited to green energy transition with more than 10 active capital projects based exclusively on renewable energy sources – sun, wind and water. EPCG has sucessfully launched the projects SOLARI 3000+/500+/ and SOLARI 5.000+ intended to utilize solar power for households' and economy energy production thus making them prosumers. These efforts will lead to reduced energy consumption and increased efficiency, leading to cost savings and lower greenhouse gas emissions. Social sustainability is also a top priority for EPCG. The company is committed to improving the well-being of its employees, promoting diversity and inclusion, and supporting local communities. EPCG's workforce comprises over 1, 200 highly skilled professionals, and the company provides them with a safe and healthy work environment, professional development opportunities, and competitive remuneration packages", shares CEO Nikola Rovcanin.
EPCG also supports the communities in which it operates through various social and philanthropic initiatives. The company has supported numerous educational and cultural programs, as well as sports and environmental initiatives. In addition, EPCG has been actively engaged in the fight against COVID-19, providing support to healthcare institutions and vulnerable groups.
"Finally, EPCG is committed to good governance practices and transparency in its operations. The company has established a strong corporate governance framework and implemented robust risk management and internal control systems. EPCG's commitment to ethical conduct, accountability, and transparency has earned it recognition and trust among its stakeholders. In conclusion, EPCG is a company that recognizes the importance of sustainability and ESG practices in its operations. The company has made significant strides in reducing its environmental footprint, promoting social well-being, and ensuring good governance. Through its commitment to sustainability, EPCG is not only creating long-term value for its stakeholders but also contributing to a more sustainable future for Montenegro and the region"; concludes Rovcanin.
"We would like to extend our heartfelt gratitude to EPCG, our esteemed bronze sponsor. Your unwavering support since the inception of the idea to organize the prestigious Western Balkans ESG Summit has been instrumental in making this event a reality. Your remarkable achievements have set a great example for companies to follow in terms of innovation and sustainability. We eagerly anticipate hearing about your valuable lessons learned at the Summit", shared Biljana Braithwaite, CEO of Sustineri Partners and one of the organizers of the WBESG Summit.
