SBTi approves Hellenic Cables’ net-zero targets

Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets have been officially approved by the Science Based Targets initiative (SBTi). With its targets, Hellenic Cables, one of Europe’s largest cable producers, has committed to reaching net-zero greenhouse gas emissions across the value chain by 2050, and to increase annual sourcing of renewable electricity from 24% in 2020 to 80% by 2025 and 100% by 2030.

SBTi has confirmed that its targets conform with the latest Net Zero Criteria and Recommendations, while Hellenic Cables’ scope 1 and 2 ambition are in line with the 1.5oC trajectory.

"Climate change adaptation and mitigation has been officially integrated to our business strategy and the SBTi approval is our cast-iron guarantee. To that end, a set of both near and long-term actions has been developed across all the companies of cables segment.  Specifically, regarding scope 3 emissions, we will require to overcome various adversities. The role of raw materials is crucial and we are targeting emissions reductions within our value chain, hence, delivering innovative and lower-embedded carbon solutions", commented Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables.