Sustainable development at a glance

#2024

See also: 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016

Corporate Profile

Nea Odos is the Concession Company which has undertaken the study, design, construction, operation, exploitation and maintenance of “Ionia Odos” Concession Project.

The project, with a total length of 380km and a total budget of 1.1 billion euros, aims to create modern motorways following European standards that will contribute to the development of the national economy, safeguard the environment and enhance the quality of life of the wider community.

Our primary concern is the safe and fast commuting for all drivers who use the highways we manage alongside the provision of high-quality services.


Our Approach to Sustainable Development

The priority of all of us at Nea Odos will always be to provide the highest levels of road safety, together with the utmost high-quality and innovative services. We invest in sustainable infrastructure and promote Sustainable Development for the country, aiming at the excellent operation and continuous maintenance of our highways, the protection of the environment, the professional development of our people and promoting sustainable development for the country..

Ionia Odos Motorway, in numbers

3
Operation and Maintenance Centres
4
Frontal Toll Stations
5
Lateral Toll Stations
8
Motorist Service Stations (M.S.S.)
6
Two-way tunnels & Cut and Covers
26
Bridges with a
total length of ~7 km
101
Overpasses & Underpasses
19
Interchanges and semi-interchanges

A.Th.E. Motorway, in numbers

2
Traffic Management Centers
3
Frontal Toll Stations
5
Lateral Toll Stations
8
Motorist Service Stations (M.S.S.)
6
Two-way tunnels & Cut and Covers
14
Bridges
84
Overpasses & Underpasses
30
Interchanges and semi-interchanges

Total Passages

45,641,615

2023

44,227,561

2023

Awards

2024

International Road Federation (IRF) Official Award 2024 Road Safety - Gold Award

Utilization of Artificial Intelligence and geolocation technologies to enhance road safety. A significant international distinction highlighting the innovative combination of technologies for timely incident detection with strong impact on road safety.

Mobility Awards 2024 Motorway Company of the Year

Overall Activity

Mobility Awards 2024 Motorway Safety Solutions - Gold Award

Smart cameras using Artificial Intelligence (AI) technology at road junctions.

Mobility Awards 2024 EV Charging Infrastructure - Gold Award

Innovative hybrid electric vehicle charging station at the Malakasa “Seirios” Motorway Service Area.

Mobility Awards 2024 Hybrid Technology - Gold Award

Innovative hybrid electric vehicle charging station at the Malakasa “Seirios” Motorway Service Area.

Mobility Awards 2024 Motorways Environmental Management - Gold Award

Full set of environmentally friendly initiatives.

Green Brand Awards Green Business Model - Gold Award

Innovative hybrid electric vehicle charging station at the Malakasa “Seirios” Motorway Service Area.

Green Brand Awards Green Passengers Transportation Service - Gold Award

Innovative hybrid electric vehicle charging station at the Malakasa “Seirios” Motorway Service Area.

Hellenic Responsible Business Awards 2024 / B2B Collaboration – Gold Award

Collaboration with Mobito and implementation of innovations related to road safety.

Environmental Awards 2024

Complete set of actions related to organic waste recycling (composting).

Mobile & IoT Awards 2024 ΙοΤ for Transport & Travel - Gold Award

“Smart” Energy Management System.

Mobility Awards 2024 / Motorway Customer Service – Silver Award

Modern, safe and protected parking areas for heavy vehicles (SSTPAs).

Green Brand Awards Green Business Industry Process - Silver Award

Operation and maintenance of permanent air-quality monitoring stations.

Green Brand Awards Green Project - Silver Award

“Boosting Recycling Initiative” – a complete recycling business model.

Mobile & IoT Awards 2024 Transportation - Silver Award

“Smart” cameras using Artificial Intelligence (AI) technology at road junctions.

Health & Safety Awards 2024 / Employee Training and Awareness – Silver Award

Innovative training programs for all employees.

Green Brand Awards / Green Holistic Approach – Bronze Award

Full set of the company’s “green” initiatives.

Hellenic Responsible Business Awards 2024 / Energy Management – Bronze Award

Complete set of projects optimizing energy consumption.

Environmental Awards 2024

“Boosting Recycling Initiative” – a complete recycling business model.

Health & Safety Awards 2024 / Road Safety and Occupational Road Risks – Bronze Award

“Smart” cameras using Artificial Intelligence (AI) technology at road junctions.

Certifications 2023

Nea Odos is committed to providing high quality driver services, a safe working environment for employees and to protecting natural resources for the local communities, thus our activities and works need to be regulated by strict certified processes.In this context, our management system is supported and regulated by international operating standards certified by external bodies.

Certifications

Quality
Quality Management System ISO 9001:2018
Road Safety
Road Traffic Safety (RTS) Management System ISO 39001:2012
environment
Environmental Management System ISO 14001:2015
Health & Safety
Occupational Health & Safety Management System ISO 45001:2018
Business Continuity
Business Continuity & Management System ISO 22301:2019
Regulatory Compliance
Regulatory Compliance Management System ISO 37301:2021

Management Approach and Economic Performance

Nea Odos operation is based on flexible and modern organizational models that allow us to safeguard the legitimate interests of our shareholders and maximize our contribution to the Greek society and economy.

Financial Information (in th. €)

2024 IFRS 2023 IFRS 2022 IFRS
Net Sales 172,662.8 150,469 142,713.2
Other operating income 41,797 69,537.4 35,561.0
Revenue from financial investments 2,373.5 1,584.6 416.0
Total income 216,832.3 221,591 178,690.2
Operating cost 99,142.02 102,686 109,228.0
Employee salaries and benefits 1,556.3 1,539.1 1,506.0
Payments to providers of capital 49,408 44,229.67 34,139.8
Net profit / (loss) before taxes (18,472.3) (14,617.2) 11,045.0
Net profit / (loss) after taxes (19,832.7) (1,500.3) 20,670.0
Total payments to state bodies (taxes paid) 11,300 9,823.7 11,180.9
Company investments 542.5 2,069 1,359.0
Total capitalisation 403,912.5 397,628.9 417,504.8
Equity 296,335.2 276,305.9 259,293.0
Total liabilities 223,668.3 243,909.3 243,495.0
Total assets (in million €) 520,003.5 520,215.2 502,787.0

*IFRS: International Financial Reporting Standards

Net Sales (in th. €)

  • Exploitation segment of Ionia Odos – A.Th.E. Motorway
  • Construction segment of Ionia Odos Motorway
  • Total

01

Next to the driver with the highest levels
of Safety and Quality

Sustainable Development Goals related to our operation

1
Road Safety
2
Top Quality services/Customer Care
3
Innovation

At Nea Odos we work tirelessly, aiming to offer highest levels of road safety, together with top quality services to all drivers.

Our strategic goal is the operation of modern motorways following European standards, safe transportation and the provision of quality and management services that contribute to the development of the national economy, ensure environmental protection and upgrade the quality of life of society.

The First Electrictromobility-Friendly Motorway

All the MSSs in the motorways of Nea Odos currently have electrical charging capability. The Ionia Odos was the first motorway in Greece to offer electric vehicle charging at each of its MSSs starting in 2018. The company owns the most advanced and fastest chargers in Europe, capable of fast charging an electric vehicle with sufficient autonomy, at 80% of its capacity and within only 20 minutes. Each charger, at each station, has the ability to charge up to 2 cars simultaneously, providing a unique service experience for electric vehicle owners. Nea Odos focuses on utilizing energy from renewable sources for powering the electric charging infrastructure.

Nea Odos Average Response Time by Incident Type (in minutes)

Average Response Time by Agent (in minutes)

Number of incidents

that we managed

Manhours

for Road Maintenance

Manhours

for Road Infrastructure Repairs

AI-Powered Motorway Safety System

For the first time on a Greek motorway, Artificial Intelligence in state-of-the-art cameras, placed in open road construction at the entrances to the roads, is being used. The purpose of the system is to detect the entry of animals and people onto the motorway, as well as vehicles moving in the opposite direction, in order to ensure the immediate response of the competent authorities and the prevention of accidents. The innovative AI camera system includes image analysis software, while all incidents are immediately reported to the Traffic Management Centers (TMCs). By the end of 2023, 117 AI cameras have been installed on the ramps of the motorway under our responsibility, with the prospect of adding 55 additional cameras by the end of 2024.

MyOdos App

The first «All-In-One» Motorway Application

Το "MyOdos App" constitutes the first “all-in-one”, innovative motorway application for mobile phones and tablets (Android and iOS) in Greece, a single portal which offers to all the drivers-not only electronic subscribers- the ability tto find the best route or points of interest. At the same time drivers are able to calculate the cost of their trip for all motorways in the country.

All information is available easily and quickly, 24 hours a day
365 days a year

What it offers

  • Detailed maps with all the points of interest
  • Calculating the best route and toll costs
  • Direct connection to the 1075 emergency telephone line as well as to the customer service telephone at the touch of a button
  • Opportunity to subscribe to Fast Pass and obtain a pass via courier service
  • Full account control and the possibility of topping up the account for the Fast Pass subscribers

At Nea Odos, we conduct surveys with the aim of capturing and analyzing the general satisfaction of the drivers, in relation to the services offered and Road Safety promotion actions.

The results shown in the graphs below are a total of 1,000 responses

How safe would you say you feel when driving on the Nea Odos?

How satisfied are you with the service provided by the safety-roadside assistance teams?

Customer Service

With the aim of providing quality and immediate service to the drivers who use the motorways, our responsibility, on Nea Odos, we use on a continuous basis all available communication channels in order to "listen" to their comments, suggestions and proposals, and to develop corresponding policies and services for their every need. In this context, we conduct frequent surveys with the aim of capturing and analyzing the general satisfaction of our users, in relation to the services offered and Road Safety promotion actions.

Complaints by Category

Subscription Programs for Permanent Residents and Frequent Users

Nea Odos has developed special subscription programs which offer discounts up to 50%.

The available subscription programs are the following:

  • Fast Pass Νέα Οδός Smart 5%
  • Fast Pass Νέα Οδός Smart 10%
  • Fast Pass Νέα Οδός DrivEV Green
  • Fast Pass Νέα Οδός Frequent Local
  • Fast Pass Νέα Οδός Frequent All 2
  • Fast Pass Νέα Οδός Frequent All 3 & 4
  • Fast Pass Oropos
  • Fast Pass Tragana

For more details concerning the subscription programs, please visit www.fastpass.gr

The total investment in Fast Pass Nea Odos OROPOS reached:

2024
3,535,980.89

Fast Pass Nea Odos Oropos

2023
3,229,803.39

Fast Pass Nea Odos Oropos

2022
3,142,499.5

Fast Pass Nea Odos Oropos

The total investment in Fast Pass Nea Odos Frequent (all categories) reached:

2024
941,301.2

Fast Pass Nea Odos Frequent (all categories)

2023
768,083

Fast Pass Nea Odos Frequent (all categories)

2022
650,126.1

Fast Pass Nea Odos Frequent (all categories)

Supporting Greek Suppliers

Nea Odos is committed to making a significant contribution to the development of the local communities affected by our motorways. Supporting small suppliers is our core practice and a conscious choice.

 

2024 2023 2022
Number Investment (€) Number Investment (€) Number Investment (€)
Local Suppliers 184 405,482 161 257,507.2 147 398,577.1
National Suppliers 133 159.560.101 147 159,938,896 138 123,732,150.1
International Suppliers 11 304.749 11 172,694 9 194,961.0
Total 328 160,270,332 319 160,369,097.23 294 124,325,688.23

The ratios of our total investments directed to local and national suppliers were

96.7%
2024
96.5%
2023
99.8%
2022

02

Human Resources

Sustainable Development Goals related to our operation

1
Health, security and prosperity
2
Continuing development and talent empowerment for the employees
3
State of the art working environment and corporate culture

At Nea Odos we strongly believe that the effective operation of the company is primarily thanks to the people who manage it and we recognize our responsibility towards them. The company seeks to provide a safe work environment that promotes personal and professional development, without any form of discrimination.

Human Resources by Geographical Area

  • Attica
  • Greek countryside
Total Employees: 508
2024*
Total Employees: 514
2023*
Total Employees: 533
2022

 

*Including employees from Nea Odos and the Operator.

Total hours of training

1,825
2024
2,909
2023
1,850
2022

Total Training hours

2024 2023 2022
Nea Odos Operator Nea Odos Operator Nea Odos Operator
Training hours 459 1,366 866 2,043 852 998
Employees 14 165 70 214 68 149
Training hours / Employees 15.8 2.9 12.3 9.5 12.5 6.7

Total Work Hours

Nea Odos Operator
Work Hours 48,757 859,325

Health and Safety Indices

2024 2023 2022
Nea Odos Operator Nea Odos Operator Nea Odos Operator
Injury or accident rate of total staff (%) 3.2% 1.7% 0% 4.3% 0% 1.79%
Hours of absence / total work hours (%) 0.11% 0.01% 0% 0.02% 0% 0.05%
Accident frequency indicator 20.51 20.95 0 19.49 0 23.67
Accident severity indicator 41.02 95.42 0 138.22 0 73.65
Number of fatal accidents 0 0 0 0 0 0
Lost work days due to accident 2 82 0 156 0 84
Incidents without days of absence 0 0 0 17 0 18
Lost Day Rate (LDR) 8 19 0 27.64 0 14.73
Absence rate (AR) 55 127 0 184.38 0 98.25
Total work accidents 1 18 0 22 0 27
Work accidents with days of absence from work 1 8 0 5 0 9

Health and Safety Investments

€416,417
2024
€453,110
2023
€487,508
2022

03

Caring for the environment

Sustainable Development Goals related to our operation

1
Climate Change
2
Interaction between infrastructure and physical environment
3
Pollution Management
4
Management of resources

Environmental sustainability has been a key objective since the project design phase. Nea Odos recognises the extent of its impact on the natural environment and implements an integrated environmental management system demonstrating that a motorway can operate successfully without harming or disturbing the natural environment.

Electric energy consumption for road lighting and buildings (kWh)

Solar energy consumption for ERTs, irrigation and incident detection cameras

Vehicles and Patrols

Nea Odos’ Vehicles

69

Own

89

Leased

Kilometres Covered

7,868,620

Fuel Consumption

For the operational conditions of Nea Odos, fuel is consumed mainly by the company's fleet of cars consisting of Diesel engines for better use of fuel

 

Fuel Consumption 2024 2023 2022
Nea Odos Subcontractors Nea Odos Subcontractors Nea Odos Subcontractors
Gasoline 31,062.7 42,389.5 47,508.90 55,293.6 679,291.5 37,753.4
Diesel * 708,880.6 629,272.3 674,537.80 841,716.6 30,063.5 874,862.93
Liquid gas (LPG) - 700 - 806.2 - 2,654.1

 

Go Green Initiative

Through the "Go Green" initiative, we launched the first "green", 100% electric vans, which will initially be used as maintenance and work vehicles, putting into practice the strategic goal of protecting the environment in an innovative way.

We are now the 1st operation, maintenance and management company of motorways in the country that implemented a complete plan of replacement of the vehicle fleet with 100% electric and hybrid, while equipping all of our facilities with 18 electric vehicle chargers.

Motorist Service Station Malakasas (Sirios): The 1st and largest Hybrid Electric Car Charging Station in Greece

The creation of the first and largest hybrid electric car charging station in Greece was completed from Nea Odos in Μ.S.S. Malakasas (Sirios). With the installation of photovoltaic panels on the canopies of the parking lots, the production of "green" energy and the charging of electric cars are combined.

Project highlights:

  • Total investment exceeding €900,000
  • Construction of parking lot roofs specifically designed for cars
  • Installation of photovoltaic panels with a cumulative power output of around 500kWp
  • 4 chargers with a power of 120kW each
  • Hybrid inverters

Use of Raw Materials and Supplies (Nea Odos)

Categories of Raw Materials Material 2024 2023 2022
Raw Materials (Kg) Sawdust 4,000 4,410 1,700
Printing paper 3,438 4,172 5,770
Paper (paper thermal rolls) 12,721.5 17,166.6 18,435.67
Ink / Toners (pcs) 151 106 146
Other (pcs) Transponders - 19,900 19,000

Use of Raw Materials and Supplies (Subcontractors)

Categories of Raw Materials Material 2024 2023 2022
Raw Materials (Kg) Salt 3,670.2 0 -
Sawdust - 175 1,500
Printing Paper 1,259.3 1,284.1 1,002.2

Waste Management Table

Nea Odos Operations Subcontractors
Hazardous waste diverted 360.0 11,759.1 21,209.2
Hazardous waste NOT diverted - - -
Non-hazardous waste diverted 314.9 20,371.7 63,545,554
Non-hazardous waste NOT diverted 320,170 571,730 592,496
Total waste generated 320,844.9 603,860.8 64,159,259.2

Putting Circular Economy into Practice: Cold In-Place Asphalt Recycling

For the reconstruction of asphalt pavements on sections of the A.T.H.E. motorway, Nea Odos implemented a method based on the reuse of materials and reduced energy consumption levels. This process is the cold in-place recycling of asphalt pavements, during which the existing asphalt layers are removed and the materials are mixed on-site to create the recycled mixture that is then laid back on the road surface. This mixture consists of more than 90% reusable materials, resulting in a reduction not only in the need for new materials, but also in the requirements for production, processing, transportation, and temporary storage.

Recycling for all company facilities

81,190 kilos
2024
63,224 kilos
2023
39,320 kilos
2022

Measurement of Air Pollution

Nea Odos aims to effectively manage air pollution and mitigate its negative impacts. Measurements at air pollution measuring stations are carried out systematically on a 24-hour basis and the recording system communicates with analysts to calculate within 5 minutes possible exceedances of the limits set by the legislation on average primary pollutant emission values and parameters (CO, CO2, NO, NO2, SO2, O3, TSP, PM10, PM2.5, C6H6 (Benzene), C7H8 (toluene) and xylene).

 

Average Annual 2024
Air Pollution Measurements A.Th.E. IONIA ODOS Limits
Varibobi Schimatari Arkitsa Evinochori Filipiada Episkopiko
NO2 29.29 36.68 31.64 5.53 13.40 10.92 40 μg/m3
C6H6 (Βenzene) 0.32 0.43 0.23 0.09 0.37 0.52 5 μg/m3
CO 0.30 0.15 0.16 0.15 0.20 0.16 10 mg/m3
SO2 2.77 2.95 1.93 2.28 2.13 2.45 125 μg/m3
Particulate matters PM2.5 10.38 8.53 6.84 8.10 6.23 8.56 25 μg/m3
Particulate matters PM10 16.24 13.99 8.79 12.07 7.17 13.22 40 μg/m3
Ο3 1 0 0 - - - 120 μg/m3

Total CO2 Emissions (tonnes)

In this year’s report, we adopted an updated methodology for recording greenhouse gas emissions, aligned with the GHG Protocol Corporate Accounting and Reporting Standard. This new approach ensures the accuracy and reliability of our data, providing a more comprehensive and harmonized framework for emissions reporting. Due to these methodological changes, the emission results presented in this report are not fully comparable to those of previous years. Nevertheless, the continuous improvement of our practices demonstrates our commitment to transparency and to reducing our environmental impact.

* Market-based methodology

Environmental Protection Investments

€1,108,864.2
in 2023
€5,290,980
in 2022
€2,042,129
in 2021

04

Next to society

Sustainable Development Goals related to our operation

1
Training and information about Road Safety
2
Local Communities' progress
3
Social solidarity

Nea Odos actively participates in local and national programs, caters the needs of local communities and contributes effectively to national development, demonstrating our commitment to corporate responsibility.

Annual contribution to Social Development - Social Product (in €)

2024 2023 2022
Payments to suppliers (except materials and intercompany transactions) 62,060 53,793 45,062.0
Employee salaries and benefits (including insurance contributions) 1,556.3 1,539.1 1,506.0
Payments to providers of capital 49,408.0 44,229.67 34,139.8
In-kind support, financial support and donations (including investments in Corporate Social Responsibility Structures) 1,240.6 979.3 686.60
Total 114,264.9 100,541.1 81,394.4

Our investments

Total: 959,146.09€

For Information and Awareness Actions

€15,838.40

Evident Support for the Disabled

Free of charge passes of special needs vehicles

241,831

2024

193,600

2023

154,893

2022

Investment

€697,524.92

2024

€519,565

2023

€413,657.3

2022

Cultural Activities

"Routes": Development of a digital tool

With the creation of the friendly microsite "Routes" the visitor has the opportunity to discover the richness of each area enriched with photos, but also audio files.

  • 31,060 audio tours for Nea Odos were completed by December 2024.

Welfare and Social Solidarity Activities

Strengthening and support of institutions

In 2024, we continued to cooperate and support unions, agencies, charitable institutions, associations and NGOs, covering specific or permanent needs with monetary donations and offers in kind. Indicative institutions that were supported are:

  • Ephorate of Antiquities of Boeotia
  • General Hospital of Volos “Achillopouleio”
  • General Hospital of Lamia
  • Rescue Volunteers Team Force - Municipality Greece (EP.OM.E.A.)
  • Road Safety Institute (RSI) “Panos Mylonas”
  • Hellenic Animal Welfare Society (Elliniki Filozoiki Etaireia)
  • National Public Health Organization (NPHO) - EODY
  • KETHEA - Therapy Center for Dependent Individuals
  • Afidnes Forest Protection Volunteers Association (SEAD Hellas)
  • Center for Social Protection
  • General Hospital of Thebes
  • Association of Parents & Guardians of Persons with Disabilities of Phthiotis (Lamia)
  • The Smile of the Child
  • Volunteer educators - Eleonas Thebes Prison
  • Hellenic Red Cross
  • ELIZA - Society for the Prevention of Cruelty to Children
  • “Hliachtida” - Panhellenic Association for Support & Assistance of Paraplegics and Persons with Special Needs
  • Social Grocery of the Municipality of Thermo
  • Social Grocery of the Municipality of Nikolaos Skoufas
  • Lara Guide Dog School

Training and Awareness Activities

Collaboration with Road Safety Institute (RSI) Panos Mylonas -I.O.A.S.

For the last 10 years we have been cooperating with the Road Safety Institute "Panos Mylonas" - I.O.AS. We implement innovative programs, emphasising on young people and vulnerable social groups, supporting relevant actions and initiatives throughout the territory, such as the " “Cycling Safely" Program aimed at school students in the region. Trainings for 2024:

  • 648 students learned how to cycle while taking traffic rules into account.
  • 11 primary schools in Attica, with 41 teachers, participated in the program.

Managing sustainable development

€45,370

Corporate strategy

€43,010

Event participations and collaborations

€193,133

Communication

Total

€281,513