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  Hellenic Cables awarded EcoVadis 2021 silver sustainability rating for its sustainability practices  

 

PRESS RELEASE

 

Athens, July 30, 2021

Hellenic Cables, the cable segment of Cenergy Holdings, received the silver medal for its business practices in the pillars of sustainable development. Hellenic Cables according to the assessment of the EcoVadis 2021 sustainability rating system is among the top 25% of companies evaluated by the platform.

EcoVadis is a global leader for monitoring sustainability in global supply chain, which through the EcoVadis sustainability rating system examines and evaluates more than 75,000 groups and companies worldwide across 200 industries in over 160 countries.

Ecovadis' evaluation methodology focuses on evaluating company's sustainability performance using international standards and best practices. The evaluation focuses on 21 sustainability criteria across four themes, which are environment, labor and human rights, ethics, and sustainable procurement.

Mr. Alexis Alexiou, CEO of Cenergy Holdings and Hellenic Cables, stated: “This significant landmark of Hellenic Cables confirms our commitment to implementing responsible business practices in the field of sustainable development. Our goal is to further develop and improve our corporate practices and performance in sustainable development, aiming at an even higher level and contributing to a more sustainable future for all."

 

About Hellenic Cables

Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and utilities, as well as undertaking turnkey power transmission and distribution projects. Through its fully owned subsidiary Fulgor, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints on a worldwide basis is empowered by the Company’s state-of-the-art facilities and equipment. Since 2012, Hellenic Cables has implemented a EUR 200 million-investment plan for the production of high and extra high-voltage submarine cables at Corinth plant. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com

 

About Cenergy Holdings

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors. For more information about our company, please visit our website at www.cenergyholdings.com