Environmental Responsibility


LAMDA Development has set environmental and social responsibility as a main component in its business and commercial operations, bearing always in mind to make fair use of all resources.

With a well-planned layout, modern architectural design and model ancillary services, the company’s shopping and leisure centers are aimed to ensure they are run in an environmentally-friendly way, in the context of sustainable development and responsible entrepreneurship. The shoppingcenters feature Building Management Systems that ensure optimum energy consumption and maximum energy efficiency, while state-of-the-art practices and procedures on waste management are being implemented emphasizing on recycling (separation of five flows – material classes – recycling). Furthermore, all used oils and fats, coming from health-regulated establishments, are collected by authorized third-parties to avoid disposal through local sewerage system. In such establishments as well as in the underground parking areasstrict standards apply with respect to air quality monitoring to keep air contamination low and steadily within permissible limits.

At the same time, all operations in the Flisvos Marina are certified by ISO 9001:2008 and ISO 14001:2004, which refer to a comprehensive solid and liquid waste management system, systematic sea water quality control and training activities on port environmental issues for crews, pupils and students from all educational levels, earning thus major distinctions for the Marina, such as a Blue Flag and the 5 Golden Anchors award from respective European programs. It is also certified by the EFQM on its Commitment to Business Excellence.

Last, The Ellinikon project, predominantly identified by the creation of a Metropolitan Park of a total of 2,000,000 sq.m., will be characterized by implementation of an eco-friendly design based on the principles of sustainability. Moreover, an important environmental and social objective of the Integrated Development Plan will be to upgrade, unify and utilize the coastal front and link the sea and the city.

The Ellinikon will bear a really low building coefficient of less than 0.5 and is set to create a new living experience that combines leisure, wellness, culture and protection of natural environment along with the climate and local cultural heritage.