Hellenic Cables Sustainability Profile
Hellenic Cables, a prominent player in the cable manufacturing industry, is headquartered in Greece (GR) and operates extensively across Europe and the Mediterranean region. Founded in 1950, the company has established itself as a leader in the production of high-quality cables and wires, catering to various sectors including energy, telecommunications, and construction. With a diverse portfolio that includes power cables, telecommunication cables, and special cables, Hellenic Cables is renowned for its innovative solutions and commitment to sustainability. The company has achieved significant milestones, including certifications that underscore its dedication to quality and environmental responsibility. As a key supplier in the market, Hellenic Cables continues to enhance its position through strategic investments and a focus on technological advancement, making it a trusted choice for clients seeking reliable and efficient cable solutions.
DitchCarbon Score
How does Hellenic Cables's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hellenic Cables's score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hellenic Cables's reported carbon emissions
In 2022, Hellenic Cables reported total greenhouse gas emissions of approximately 49,120,000 kg CO2e, comprising about 14,405,000 kg CO2e from Scope 1 emissions (stationary combustion) and about 34,716,000 kg CO2e from Scope 2 emissions (purchased electricity). This represents a slight decrease from 2021, when total emissions were about 50,008,000 kg CO2e, with Scope 1 emissions at approximately 15,473,000 kg CO2e and Scope 2 emissions at about 34,536,000 kg CO2e. In 2020, the company reported total emissions of around 50,491,000 kg CO2e. Hellenic Cables has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 GHG emissions and a 25% reduction in absolute Scope 3 emissions by 2030, using 2020 as the baseline year. These targets are part of their near-term reduction initiatives and reflect a commitment to sustainability within the cable manufacturing industry. The emissions data for Hellenic Cables is cascaded from its parent company, Hellenic Cables Holdings S.A., indicating a corporate family relationship that influences their sustainability reporting and climate strategies.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 13,804,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 36,686,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Hellenic Cables's Industry?
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Hellenic Cables's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hellenic Cables has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
