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Hellenic Cables commits to decarbonisation

4C Offshore | Tom Russell
By: Tom Russell 03/12/2021 Hellenic Cables
Hellenic Cables, the cables segment of Cenergy Holdings, has submitted its commitment to the Science Based Target Initiative (SBTi). Hellenic Cables, a manufacturer of offshore and onshore cables, aims to align with the target by contributing to a zero carbon era.

The Company commits to develop science-based targets according to the Science Based Targets initiative (SBTi) Net-Zero Standard announced on 28 October 2021 which includes specific near term target (5-10yr) requirements combined with net-zero target requirements by no later than 2050.

Hellenic Cables aims to achieve an aggressive decarbonisation path of its Scope 1 and 2 emissions by at least 4.2% per annum and Scope 3 by a minimum of 2.5% on average annually in line with the Paris Climate Agreement to keep global warming to 1.5 °C above pre-industrial levels. 

Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables commented: "Climate change is the defining challenge of our time. The latest climate science sends a clear warning that we must dramatically curb temperature rise to avoid the catastrophic impacts of climate change. Hellenic Cables as one of the leading cable providers commits to support efficiently the transitional journey of the industry to achieve a sustainable future. Hellenic Cables is committed to adopt a scientific method of quantifying and reducing GHG emissions, leading to a clear path towards decarbonization. By taking these steps, Hellenic Cables proves to its stakeholders that it is leading the way in climate change mitigation."


The submission of the commitment is the first step. In the next step, Hellenic Cables will further develop and specify a clearly-defined path to reduce emissions in line with the SBTi’s net-zero criteria which will be submitted for official validation.


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