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European Climate Pact

Overview

Location

Greece

Sector

Capital goods

Organisation type
Business

Company Information

Hellenic Cables is a public company headquartered in Athens, Greece. The company is a producer of offshore and onshore cables in Europe, is globally active in the energy transmission and distribution markets in the renewable energy sources, telecommunications and data transmission, construction and industry sectors. In 2021 Hellenic Cables reported 562 employees and a turnover of 793 million Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Hellenic Cables S.A. commits to reach net-zero greenhouse emissions across the value chain by 2050 from the base year 2020, reducing absolute scopes 1, 2 and 3 by 90%

Pledge: Have a long-term science-based target to reach net-zero value chain GHG emissions by no later than 2050 in line with the SBTi Net Zero Standard

  • Hellenic Cables S.A. has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2020

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (18/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities

MRV: Pact MRV in place

Status date: Submitted (18/07/2022)

Data source: CDP Climate Change 2022