Cenergy Holdings’ companies embrace climate transparency by disclosing through CDP, achieving a B score (Management level)
Corinth Pipeworks and Hellenic Cables (Cenergy Holdings’ companies) announced that they have furthered their commitment to climate transparency by disclosing their climate change impact through CDP, a global nonprofit that runs the world’s leading environmental disclosure platform. Corinth Pipeworks and Hellenic Cables have been disclosed through CDP since 2021, and in 2023, they completed CDP’s climate change questionnaire. The two companies achieved a significant improvement in their disclosure score with Hellenic Cables and Corinth Pipeworks improving both to “B” from a previous score of “C” and “D”, respectively.
With a record 23,000+ companies that disclose through CDP in 2023, disclosing data on environmental impact is now a business norm.
Corinth Pipeworks’ and Hellenic Cables’ data will be added to the most comprehensive inventory of self-reported environmental data in the world, helping to drive action through greater transparency.
By disclosing through CDP, both companies are prepared to respond to the increasing demand for climate transparency from financial institutions, customers, and policymakers. Both companies shared their sustainability strategy and annual progress on climate change issues in their disclosure.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $137 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 25,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization – and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. For more information, please visit: https://www.cdp.net/en/
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors. For more information, please visit our website at www.cenergyholdings.com