Climate Change Data

ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.

Climate Impact & Sustainability Data (2014, 2017, 2020, 2021, 2022)

Reporting Period: 2014

Environmental Metrics

Total Carbon Emissions:86,486 t CO2e (direct)
Total Energy Consumption:460,059 MWh (thermal)
Water Consumption:413,159 m3

ESG Focus Areas

  • Occupational health and safety
  • Environmental protection
  • Supporting local communities
  • Customer relations and supply chain
  • Human resources

Environmental Achievements

  • EUR 5 million environmental protection expenditure and investments
  • 97% of waste was recycled or reused
  • More than 3,000 m3 of water saved thanks to the water treatment and recycling plant
  • Installation and operation of two state-of-the-art delacquering furnaces for environmentally friendly aluminum recycling resulting in 25% thermal energy savings, 20% raw material reduction, and 75% solid waste reduction.

Social Achievements

  • Increased employment by 2% in 2014 and 4% over the last three years.
  • 63% of employees come from the wider Viotia and Evia regions.
  • Systematic investment in employee training and personal development.
  • Implementation of an Occupational Health and Safety Management System (OHSAS 18001:2007), resulting in a 23.2% drop in the incident frequency rate.

Governance Achievements

  • Implementation of responsible internal management and Corporate Governance practices.
  • Adoption of bylaws and a Code of Conduct.
  • Regular audits by the Internal Audit Department.

Climate Goals & Targets

Short-term Goals:
  • Reduce the cost of complaints
  • Set up an electronic file to record audit data
  • Complete training of administrative staff about Corporate Responsibility and corporate governance issues
  • Run an information and awareness-raising campaign for Elval’s employees on issues of serious illnesses in partnership with an NGO
  • Extend the Zero Access project to at least one more production unit
  • Ensure that the number of LTIs is below 5
  • Continue and complete the project to keep pedestrian and vehicle traffic separate
  • Operate a biomass composting unit
  • Install and operate a biological treatment plant using MBR technology to process urban waste
  • Achieve a 50% increase in employee on-the-job training by experts from within the Company
  • Continue the educational program “Life without garbage” and extend it to more schools in Viotia

Environmental Challenges

  • Difficult financial conditions in the Greek economy and demanding international macroeconomic environment.
  • Persistent feeble building activity affecting the extrusion sector.
  • Non-competitive energy and borrowing costs.
Mitigation Strategies
  • Focus on goals and fundamental values governing operations.
  • Commitment to Sustainable Development, adapting to changes and developing new solutions.
  • Major capital expenditure plan (EUR 27 million in 2014) to bolster competitiveness and increase plant capacity.
  • Continuous investments in environmental protection and occupational health and safety.

Supply Chain Management

Responsible Procurement
  • Integrating environmental and social responsibility practices and criteria into procurement procedures.
  • Considering suppliers’ Environmental Management Systems in the evaluation process.
  • Ensuring contractors’ compliance with occupational health and safety rules and insurance of their employees.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 (In accordance - Core), ISO 26000

Certifications: ISO 14001:2004, OHSAS 18001:2007

Third-party Assurance: TÜV HELLAS (limited assurance on Employment and Occupational Health & Safety sections)

Sustainable Products & Innovation

  • Elval Enf coated sheets for energy-efficient building facades
  • etalbond® composite aluminum panels
  • Products made 100% from recycled aluminum
  • Elval Grain embossed aluminum sheets

Awards & Recognition

  • Commendation from the University of the Aegean
  • Clean Technology award for delacquering furnace
  • International Activity Award at the ACCI 2009 Awards
  • True Leader Award from ICAP
  • Prize at the Business IT Excellence (BITE) Awards 2014
  • Honorary distinction for the 2012 Corporate Responsibility and Sustainable Development Report from the University of the Aegean

Reporting Period: 2017

Environmental Metrics

ESG Focus Areas

  • Environmental protection
  • Occupational Health and Safety
  • Social responsibility
  • Corporate Governance

Environmental Achievements

  • Implemented an Environmental Management System (ISO 14001) in all production facilities.
  • Implemented targeted environmental management plans (energy saving, emission reduction).
  • Rational use of natural resources and circular economy principles.
  • Implemented an integrated waste management system.
  • Continuous investments in environmental protection infrastructure.
  • Employee and partner training on environmental matters.
  • Aluminium Cans Recycling Center (CANAL) operating for 15 years.

Social Achievements

  • Increased jobs by 5.1% compared to the previous year.
  • Aluminium and copper segments recorded a 5.1% and 4.3% increase in jobs, respectively.
  • 20,246 training man-hours provided.
  • No incidents of child or forced labor or human rights violations.
  • Purchases from local suppliers reached over EUR 29 million.
  • Support to local communities, organizations, and schools.

Governance Achievements

  • Adopted Hellenic Corporate Governance Code (EKED).
  • Implemented Internal Operating Regulation and Code of Conduct and Business Ethics.
  • Established and implemented a Sustainability Policy.
  • Established an Audit Committee in accordance with Law 4449/2017.

Climate Goals & Targets

Medium-term Goals:
  • Double aluminium rolling production capacity.
Short-term Goals:
  • Materialize the five-year investment plan (EUR 150 million).

Environmental Challenges

  • High financing cost compared to key competitors.
  • Ongoing substitution of copper in roofing applications.
  • Risk of non-compliance with loan agreement terms.
  • Potential impacts from macroeconomic conditions (Brexit, import tariffs).
  • Low representation of women in the workforce.
Mitigation Strategies
  • Optimization of manufacturing processes to reduce industrial costs.
  • Focus on high added-value products in the copper segment.
  • Loan restructuring to improve liquidity.
  • Close monitoring of macroeconomic developments and implementation of mitigating measures.
  • Focus on attracting and retaining female employees in administrative positions.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, AA1000, ISO 26000, SDGs

Certifications: ISO 9001, ISO 14001, OHSAS 18001, IATF 16949, ISO 50001

Sustainable Products & Innovation

  • Elval Grain
  • Talos® Color copper tubes
  • Talos® Ecutherm copper tubes
  • UR30® copper alloy mesh

Awards & Recognition

  • Transport & Logistics Awards 2017
  • Creative Greece Awards 2017
  • Diamonds of the Greek Economy 2017
  • Made in Greece Awards 2017
  • Greek Exports Awards 2017
  • Supplier of the Year 2017
  • Sustainability Leader for 2017
  • Sustainability Performance Directory (among 21 most sustainable companies in Greece)

Reporting Period: 2020

Environmental Metrics

Renewable Energy Share:100% (through certified Guarantees of Origin)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced CO2 emissions (specific figures vary by division and are reported in kg CO2/tn of product)
  • Increased use of aluminium scrap to 24% in the aluminium rolling division and maintained high levels of copper scrap use (55%) in the copper tubes division.
  • 97-98% waste recycling and recovery across divisions.
  • EUR 8.1 million expenditure for environmental protection in 2020.
  • Aluminium rolling division received ASI Performance Standard certification.

Social Achievements

  • Implemented several Covid-19 preventative measures exceeding EUR 3.4 million in cost.
  • Donated EUR 400,000 to support the National Health System.
  • Provided support to local health centers and hospitals.
  • Conducted 21,000 molecular tests for coronavirus detection.
  • 56.1% of employees came from the local community.
  • 11,581 training hours provided.

Governance Achievements

  • Implemented Corporate Governance Code published by the ECCJ.
  • Established a Remuneration Policy.
  • No incidents of corruption or bribery recorded.

Climate Goals & Targets

Long-term Goals:
  • Contribute to climate neutrality by 2050.
Medium-term Goals:
  • Achieve further improvements in energy efficiency and waste reduction.
Short-term Goals:
  • Reduce electricity consumption by 1.5% in the copper tubes division by 2025.
  • Prepare Life Cycle Assessments for a group of products in the aluminium rolling division.

Environmental Challenges

  • Covid-19 pandemic impacting global demand, particularly in automotive and transportation sectors.
  • US anti-dumping investigation affecting sales in the USA.
  • Increased water consumption in the casting process.
  • Strong competition from Chinese aluminium foil producers.
Mitigation Strategies
  • Implemented comprehensive Covid-19 response plan.
  • Developed alternative sourcing strategies.
  • Implemented energy efficiency and energy saving measures.
  • Adjusted product mix to align with market trends.

Supply Chain Management

Supplier Audits: Supplier evaluation procedures applied; self-assessment of main suppliers initiated.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option), AA1000, Greek Sustainability Code, UN Global Compact

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, ISO 9001:2015, IATF 16949:2016, ASI Performance Standard

Third-party Assurance: TÜV AUSTRIA Hellas

UN Sustainable Development Goals

  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 12
  • Goal 16

Initiatives contribute to these goals through various programs and actions.

Sustainable Products & Innovation

  • Symetal Battery Foil (SBF)
  • Talos® IGT copper tubes
  • Arypon® and Agraphon® coatings
  • Etalbond® A2 panels

Awards & Recognition

  • The Most Sustainable Companies in Greece 2020
  • Export Leaders Awards 2020
  • Hrima 2020 Business Awards
  • Diamonds of the Greek Economy Awards 2020
  • True Leader awards
  • Creative Greece Awards 2020
  • Building Materials Awards 2020
  • Hellenic Responsible Business Awards 2020

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:288,273 tCO2e/year
Scope 1 Emissions:119,464 tCO2e/year
Scope 2 Emissions:168,809 tCO2e/year
Total Energy Consumption:989,000 MWh/year
Water Consumption:901,900 m3/year
Waste Generated:62,662 tons/year

ESG Focus Areas

  • Climate change
  • Circular economy
  • Health and Safety
  • Supply chain responsibility
  • Human rights
  • Corporate Governance

Environmental Achievements

  • Reduced total GHG emissions by 8.3% compared to 2020 and 12.2% compared to 2019 in the aluminium rolling division.
  • Increased aluminium scrap recycling to 27.2% (from 24% in 2020) in the aluminium rolling division.
  • Recycled and used for energy purposes almost 98% of waste in both divisions.
  • Achieved ASI Performance Standard and Chain of Custody Standard certifications for its aluminium rolling division.

Social Achievements

  • Implemented two 12-month paid internship programs for 24 young graduate engineers.
  • Increased the number of women in positions of responsibility by 33.3% compared to the previous year.
  • Conducted 17,332 hours of training in 2021 (average 10.4 hours per employee).
  • Donated €500,000 to support residents and rehabilitate fire-affected areas in Northern Evia.

Governance Achievements

  • Established the ElvalHalcor ESG roadmap for integrated management of ESG risks.
  • Implemented a whistleblowing mechanism (to be fully operational in the first half of 2022).
  • Received a B-rating from CDP for Climate Change.

Climate Goals & Targets

Long-term Goals:
  • Achieve climate neutrality
Medium-term Goals:
  • Increase recycled aluminium to 40% of total production by 2025.
Short-term Goals:
  • Reduce electricity use by 1.5% in the copper tubes division (2021-2025).
  • Implement redesign and upgrading of electrical equipment with PLC automation (2022).

Environmental Challenges

  • Supply chain disruptions due to the pandemic.
  • Increased cost of raw materials and rising energy prices.
  • Increased CO2 emissions due to significant increase in production.
Mitigation Strategies
  • Adapted product mix to focus on higher value-added products.
  • Implemented energy saving initiatives (2,916 MWh savings).
  • Developed an innovative plan to reduce water consumption (implementation in 2022-2023).

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • ESG criteria incorporated into supplier evaluation process
  • Prioritization of local suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (core option), SASB

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IATF 16949:2016, ISO 50001:2018, ISO 27001:2013, AS9100, ASI Performance Standard, ASI Chain of Custody Standard

Third-party Assurance: TÜV AUSTRIA Hellas

UN Sustainable Development Goals

  • SDG 4
  • SDG 5
  • SDG 6
  • SDG 7
  • SDG 8
  • SDG 9
  • SDG 12
  • SDG 13
  • SDG 16
  • SDG 17

Initiatives contribute to these goals through various programs and actions related to education, gender equality, water management, clean energy, decent work, innovation, responsible consumption, climate action, justice, and partnerships.

Sustainable Products & Innovation

  • Symetal Battery Foil (SBF)
  • etalbond® A2 fire-retardant panels
  • arypon® and agraphon® special coatings
  • Talos® IGT copper tubes

Awards & Recognition

  • The Most Sustainable Companies in Greece 2021
  • Bravo Sustainability Dialogue & Awards 2021
  • Manufacturing Excellence Awards
  • Export Leaders Awards 2021
  • Business Hrima awards 2021
  • Diamonds of the Greek Economy Awards 2021
  • True Leader awards

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:0.541 tCO2e/year (per ton of product)
Water Consumption:2.12 m3/year (per ton of product)
Waste Generated:0.15 tons/year (per ton of product)

ESG Focus Areas

  • Climate change
  • Circular economy
  • Waste and wastewater management
  • Energy efficiency
  • Water management
  • Occupational Health and Safety
  • Employee training and development
  • Supply chain responsibility
  • Human and equal rights, diversity and inclusion
  • Supporting local communities
  • Corporate Governance and Business Ethics
  • Risk and crisis management
  • Information security & personal data privacy
  • Research, development, and innovation
  • Sustainability enabling products
  • Digitalisation

Environmental Achievements

  • Reduced total carbon emissions (tn CO2/tn products) from 0.603 in 2020 to 0.541 in 2022.
  • Improved water consumption intensity (m3/tn products) from 2.32 in 2020 to 2.12 in 2022.
  • Increased waste recovered and recycled from 91.2% in 2020 to 95.8% in 2022.
  • Installed a solar park of 1.3 MWh at Elval Colour's plant.

Social Achievements

  • Increased percentage of women in total workforce from 11.2% in 2020 to 12.3% in 2022.
  • Implemented 66,768 training hours in 2022.
  • Maintained zero fatalities in 2022.

Governance Achievements

  • Adopted a diversity policy for the Board of Directors and senior executives.
  • Established a whistleblowing mechanism.
  • Implemented specialized training programs on ethics and compliance.

Climate Goals & Targets

Long-term Goals:
  • Achieve climate neutrality.
Short-term Goals:
  • Completion of the second phase of the major investment plan in 2023 (aluminium segment).

Environmental Challenges

  • Geopolitical turmoil, supply chain disruptions, rising inflation, soaring energy costs, and tighter monetary policy.
  • High metal prices and extensive customer stocks impacting demand.
  • Climate change, green transition, energy crisis, digitalization, and circular economy bringing about significant changes.
  • Fluctuations in energy prices and increased interest rates.
  • Potential violations of equal treatment and statutory working hours.
  • Risks related to human rights in the supply chain.
  • Risks related to anti-bribery and corruption.
Mitigation Strategies
  • Investment plans to increase production capacity and efficiency.
  • Securing alternative raw material sources.
  • Implementing energy-saving projects and energy efficiency measures.
  • Hedging strategies to mitigate market risks.
  • Comprehensive employee Code of Conduct and Business Ethics, personnel evaluation and training, and regular internal audits.
  • Developing a comprehensive supplier evaluation management system.
  • Implementing a Sustainable Development Policy and ensuring employee awareness of anti-corruption practices.

Supply Chain Management

Supplier Audits: Evaluation process for major suppliers on the EcoVadis platform underway.

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Rising sea levels
  • Reduced freshwater availability
Transition Risks
  • Demanding energy efficiency measures
  • Carbon pricing mechanisms
  • Carbon border adjustments
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 50001:2018, IATF 16949:2016, ISO 27001:2013, AS9100D, ASI Performance Standard, ASI Chain of Custody Standard (CoC), ISO 15378:2017, ISO 22000:2018, FSSC 22000 V5.1, FSC® Chain of Custody Certification (FSC-STD-40-004 V3-1), ISO 14064:2018, ISO 46001:2019

Third-party Assurance: PricewaterhouseCoopers SA

UN Sustainable Development Goals

  • Goal 7
  • Goal 9
  • Goal 12
  • Goal 6
  • Goal 8
  • Goal 4
  • Goal 13
  • Goal 16

Initiatives contribute to these goals through various ESG programs and policies.

Sustainable Products & Innovation

  • Aluminium sheets, strips and coils for transportation, packaging, and building applications.
  • Copper tubes for HVAC&R systems and renewable energy applications.
  • Aluminium composite panels.
  • Recycled aluminium and copper products.

Awards & Recognition

  • Platinum Award from EcoVadis for Symetal's sustainability performance.