Potential offtaker

Hellenic Cables

www.cablel.gr

Estimated electricity consumption

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Countries of production presence

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Hellenic Cables is a leading Greek company operating in the Wire & Cable sector. Established in 1950, the company has a long-standing history of providing high-quality cable solutions to various industries, including energy, telecommunications, and construction. Hellenic Cables is committed to sustainability and has taken significant steps towards decarbonisation and the adoption of renewable energy sources.

One of the key strategies that Hellenic Cables has adopted to reduce its carbon footprint is the implementation of a corporate energy plan. The company has set ambitious targets to reduce its energy consumption and increase the use of renewable energy sources. To achieve these goals, Hellenic Cables has invested in energy-efficient technologies, such as LED lighting and energy-efficient machinery, and has implemented strict energy management practices across all its operations.

Another significant step that Hellenic Cables has taken towards decarbonisation is the adoption of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee the purchase of a fixed amount of renewable energy at a predetermined price. By signing PPAs, Hellenic Cables has secured a reliable and cost-effective source of renewable energy, which has helped the company to reduce its carbon emissions and meet its sustainability targets.

Hellenic Cables has also invested in renewable energy projects, such as wind and solar farms. The company has partnered with leading renewable energy providers to develop these projects, which have helped to increase the share of renewable energy in Greece's energy mix. By investing in renewable energy, Hellenic Cables has not only reduced its carbon footprint but has also contributed to the decarbonisation of the Greek economy.

In addition to its commitment to decarbonisation and renewable energy, Hellenic Cables is also focused on corporate social responsibility (CSR). The company has implemented various CSR initiatives, such as supporting local communities and promoting sustainable practices. Hellenic Cables has also established a code of conduct, which outlines the company's commitment to ethical business practices and responsible corporate governance.

Hellenic Cables' commitment to sustainability and CSR has been recognised by various industry bodies and organisations. The company has received numerous awards and accolades for its sustainability efforts, including the "Green Award" from the Hellenic Association of Environmental Protection Companies and the "Sustainable Business Award" from the Hellenic Management Association.

In conclusion, Hellenic Cables is a leading Greek company operating in the Wire & Cable sector, which has demonstrated a strong commitment to sustainability and decarbonisation. The company has adopted various strategies, such as corporate energy plans, corporate PPAs, and renewable energy investments, to reduce its carbon footprint and increase the use of renewable energy sources. Hellenic Cables' efforts towards sustainability and CSR have been recognised by various industry bodies and organisations, and the company continues to lead the way in promoting sustainable practices in Greece's energy sector.