Nexans is a global leader in the wire and cable sector, with a strong presence in France. The company has a rich history dating back to 1897, when it was founded as Société Française des Câbles Électriques. Today, Nexans operates in more than 50 countries and employs over 26,000 people worldwide.
As a company operating in the wire and cable sector, Nexans plays a critical role in the decarbonisation of the global economy. The company's products are used in a wide range of applications, from power transmission and distribution to renewable energy generation and electric vehicles. By providing reliable and efficient wire and cable solutions, Nexans enables the transition to a low-carbon future.
Nexans is committed to reducing its own carbon footprint and promoting corporate energy efficiency. The company has set ambitious targets to reduce its greenhouse gas emissions and increase the share of renewable energy in its operations. In 2020, Nexans joined the Science Based Targets initiative, which aims to help companies align their emissions reduction targets with the goals of the Paris Agreement.
One of the ways in which Nexans is promoting renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy generator, under which the company agrees to purchase a certain amount of renewable energy at a fixed price. By entering into a PPA, companies like Nexans can secure a reliable and cost-effective source of renewable energy, while also supporting the growth of the renewable energy sector.
In 2020, Nexans signed its first corporate PPA with EDF Renewables, under which the company will purchase 80 GWh of renewable energy per year from a wind farm in the Aube region of France. This represents a significant step towards Nexans' goal of sourcing 100% renewable electricity for its operations by 2030.
Nexans is also investing in its own renewable energy generation capacity. In 2019, the company inaugurated a solar power plant at its site in Rognan, Norway. The plant has a capacity of 6.6 MW and is expected to generate around 7.5 GWh of electricity per year, equivalent to the annual consumption of around 1,500 households.
In addition to its focus on renewable energy, Nexans is also committed to promoting energy efficiency and reducing its overall energy consumption. The company has implemented a range of measures to improve the energy efficiency of its operations, such as upgrading lighting systems, optimizing production processes, and investing in energy-efficient equipment.
Nexans' commitment to sustainability extends beyond its own operations. The company is also working to promote sustainable practices throughout its supply chain. In 2020, Nexans launched a new supplier sustainability program, which aims to ensure that its suppliers meet high standards of environmental and social responsibility.
Overall, Nexans is a leading player in the wire and cable sector, with a strong commitment to decarbonisation, corporate energy efficiency, and renewable energy. Through its innovative products and services, the company is helping to enable the transition to a low-carbon future, while also promoting sustainable practices throughout its operations and supply chain.