Hellenic Cables
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 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 35 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hellenic Cables's reported carbon emissions
In 2022, Hellenic Cables reported total greenhouse gas emissions of approximately 49,120,000 kg CO2e, comprising Scope 1 emissions of about 11,000,000 kg CO2e and Scope 2 emissions of approximately 36,716,000 kg CO2e. This marked a slight decrease from 2021, where total emissions were around 50,008,000 kg CO2e, with Scope 1 at about 17,356,000 kg CO2e and Scope 2 at approximately 34,412,000 kg CO2e. In 2020, the company recorded total emissions of about 50,491,000 kg CO2e. Hellenic Cables has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2020 as the baseline year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% by 2030 and to increase its annual sourcing of renewable electricity from 24% in 2020 to 80% by 2025, ultimately reaching 100% by 2030. Additionally, Hellenic Cables aims to reduce absolute Scope 3 emissions by 25% by 2030, focusing on emissions from purchased goods and services, employee commuting, and the use of sold products. Long-term, Hellenic Cables is committed to a 90% reduction in absolute emissions across all scopes (1, 2, and 3) by 2050, reinforcing its dedication to sustainable practices within the electrical equipment and machinery sector.
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Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 16,463,000 | 00,000,000 | - |
| Scope 2 | 36,594,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hellenic Cables is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
