Serious about its corporate responsibility to people and the planet, Saracakis Group of Companies is on a mission to pair its ongoing business growth and success with sustained efforts to achieve social prosperity and a sustainable future for all.
The Group’s founder John D. Saracakis (1895-1975) in Washington DC in 1951
A leader in the Greek market for over a century, Saracakis Group of Companies has built a reputation as a trusted partner and representative in Greece of some of the world’s foremost vehicle manufacturers. Established in 1922, and still managed by the founding family, Saracakis Group has become synonymous in the Greek public’s mind with reliability, expertise, and a rich heritage.
In recent years, Saracakis Group has experienced strong growth, driven by its diversification into new markets and its expansion into innovative products and services. Through its subsidiaries in Bulgaria, Romania and Cyprus, the Group has extended its international presence, while it has also ventured into new areas such as vehicle leasing, through Saracakis Leasing, and environmental and waste management services, via the recently acquired Enser.
Sustained Success Through People and Values
The Group’s enduring success in a constantly evolving and competitive environment is largely attributed to its employees. Recognizing the crucial role its workforce plays in its growth and transformation, Saracakis Group is committed to attracting, developing, and retaining outstanding talent and to providing a dynamic and inclusive work environment that fosters creativity, equal opportunities, and professional development.
Throughout its history, the Group has also maintained its steadfast commitment to its core values—including a deep-seated commitment to being useful and helpful—which even during challenging times, have guided its strategic adjustments to remain viable and relevant.
Corporate Social Responsibility at the Core
In a world facing mounting global challenges—from the climate and energy crises to social, health, and security issues—businesses are called upon to operate responsibly. For Saracakis Group, this responsibility is integral to its corporate culture. The Group places social responsibility at the forefront of its operations, integrating corporate governance policies and enacting targeted CSR initiatives that address concerns such as environmental sustainability, human rights, public health, and ethical business practices.
In 2024, Saracakis Group published its first Sustainable Development Report, highlighting its governance, performance, and impact in sustainable development for the year 2023. The Group is further advancing efforts to reduce its environmental footprint, improve corporate transparency, and accelerate digital transformation.
A Commitment to a Sustainable Future
True to its founding family’s leadership and vision, Saracakis Group is steadfast in its mission to contribute to a sustainable future with low greenhouse gas emissions. This commitment is demonstrated through significant initiatives including the recent installation of 1,922 solar panels at its Athens headquarters, a move that is expected to generate enough electricity to meet the facility’s needs and reduce the Group’s carbon footprint by 500 tons annually.
Saracakis Group’s strategic alignment with the United Nations’ 17 Global Sustainable Development Goals (SDGs) highlights its dedication to fostering social equality, prosperity, and environmental protection. As it looks to the future, the Group remains committed to achieving healthy profitability, while ensuring that its operations continue to prioritize sustainability for future generations.
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Q&A with John D. Saracakis, Chairman of the Board, Saracakis Group of Companies
Q: With a history in Greece that spans more than a century, how has Saracakis Group managed to stay relevant and competitive amid a fast-changing business environment?
A: Our history and heritage are a key part of our identity, but our ability to adapt and innovate has been crucial to staying competitive. We’ve evolved by expanding into new areas, such as vehicle leasing and environmental management, while always remaining true to our core values of reliability and responsibility. And of course, we invest heavily in our people—they are the driving force behind our success.
Q: How does Saracakis Group approach sustainability, particularly in light of the challenges brought on by the climate crisis?
A: Sustainability is integral to our business strategy. We have aligned our goals with the UN’s Sustainable Development Goals, and we are committed to reducing our environmental impact. The solar panel installation at our headquarters is just one example of how we are working to minimize our carbon footprint while maintaining our operational efficiency.
Q: The initiative saw the Group install a total of 1,922 solar panels. What is the significance of that number?
A: The number of panels installed is a nod to the year when Saracakis Group was first established: 1922. It’s a way to honor our history and heritage, which inspire and guide us as we carve out the Group’s path toward a sustainable future.
The installation is projected to meet approximately 82-88% of our annual electricity demand, representing a substantial advancement in energy sustainability. This development marks a critical step in reducing dependence on fossil fuel-based energy sources, thereby contributing to significant reductions in carbon emissions and enhancing long-term environmental resilience.
Q: How does Saracakis Group plan to continue fostering a sustainable future in the coming years?
A: Our goal is to continue driving innovation in every aspect of our business, from adopting new technologies to creating value-added services. At the same time, we are committed to working closely with stakeholders to build a sustainable society. Our longterm strategy revolves around healthy profitability, social wellbeing, and environmental protection.
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Saracakis Group of Companies has been a member of the American-Hellenic Chamber of Commerce since 1948. Its Chairman, John D. Saracakis, also serves as the Chamber’s Vice President and Chair of its Public Affairs Committee.
