Hellenic Cables' products contribute to sustainable socio-economic development, to the fight against climate change thus playing a key role in the transformation to a climate-neutral economy (through manufacturing specialized RES investment products).
Whilst making continuous efforts to reduce the carbon footprint of its production process, Hellenic Cables recognizes that the effective response to climate change requires extensive partnerships with its supply chain, which contributes significantly to the carbon footprint of the raw materials used and, consequently, the Company’s products. The transition to a climate neutral economy and to zero carbon products also relies on changes regarding the basic materials used in the production of cables such as copper, aluminium and hydrocarbon derivatives (plastics, etc.). The transformation presupposes the significant penetration of new technologies linked to the reliable supply of green hydrogen, the partial or total replacement of hydrocarbons to meet energy needs, and the development of technologies for the collection and storage of carbon emissions.
Through systematically monitoring the production process and related environmental indicators, we aim at both improving our production process and minimizing our environmental footprint.
Hellenic Cables implements an integrated Environmental Management System certified according to the international standard ISO 14001:2015, an Energy Management System based on ISO 50001: 2018 and reporting of greenhouse gas emissions and removals Standard ISO 14064:2018. The Company also closely monitors a series of environmental indicators so that it can continuously evaluate its environmental performance.
Through regular energy inspections, Hellenic Cables identifies and highlights areas of improvement and proceeds with improvement action plans
Hellenic Cables, purchases unbundled, certified guarantees of origin (GOs) to cover the entirety of its electricity consumption. In the meantime, the company continuously explore alternatives for direct supply of renewable electricity, such as bilateral or market-based Green PPAs. Until such alternatives become available and viable in the markets where the company operates, Hellenic Cables will continue covering as much of its electricity consumption as possible through unbundled, certified GOs in order to support the renewable energy market for further investments.