Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Occupational Health and Safety
• Employee training and development
• Supply chain responsibility
• Corporate Governance and Business Ethics
• Risk and crisis management
• Information security & personal data privacy
• Creating shared value
• Supporting local communities
• Research, development, and innovation
• Sustainability enabling products
• Digitalisation

Environmental Achievements

• Reduced carbon emissions (Total Carbon Emissions (tn CO2/tn products) from 0.798 in 2019 to 0.702 in 2021)
• Improved water consumption intensity (from 2.85 m3/tn products in 2019 to 2.73 in 2021)
• Recycled and reused almost 96% of waste in 2021
• Aluminium rolling division successfully certified to the ASI Chain of Custody Standard (CoC)

Social Achievements

• Launched and redesigned employee training programs, including e-learning platforms
• Supported local communities through various sponsorships and donations
• Implemented measures to protect employee health and safety during the COVID-19 pandemic (over 104,000 PCR tests performed)

Governance Achievements

• Updated Rules of Operation to adapt to Law 4706/2020
• Adopted the Greek Corporate Governance Code
• Successfully issued a EUR 250 million ordinary bond loan

Climate Goals & Targets

Environmental Challenges

• Inflationary trends and rising energy costs
• Supply chain disruptions due to the pandemic
• Unplanned production discontinuation in the copper tubes segment
• Heavy snowfall and fires disrupting operations
• Increased energy prices and raw materials from inflationary pressures
• Developments in the Ukraine region impacting raw material sourcing and sales

Mitigation Strategies

• Passing on increased costs to the market
• Limited exposure to Russian and Ukrainian markets
• Developing alternative sourcing strategies
• Implementing cash flow hedging strategy to deal with fluctuations between purchases and sales
• Hedging strategy techniques for a portion of energy cost
• Increasing safety stock in critical materials
• Identifying and evaluating different suppliers and their potential exposure to higher carbon costs

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Rising sea levels
• Reduced freshwater availability

Transition Risks

• Policies requiring demanding energy efficiency measures
• Carbon pricing mechanisms
• Carbon border adjustments

Opportunities

• Development of energy-efficient products
• Increased utilization of secondary raw materials

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, ASI Performance Standard, ASI Chain of Custody Standard (CoC)

Third-party Assurance: PricewaterhouseCoopers S.A.

UN Sustainable Development Goals

• Goal 7
• Goal 9
• Goal 12
• Goal 13

Initiatives contribute to these goals through energy efficiency, responsible resource management, waste reduction, and climate change mitigation.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Included in the group of “The Most Sustainable Companies in Greece” for the 5th consecutive year

Environmental Metrics

ESG Focus Areas

• Climate change and energy
• Circular economy
• Waste management
• Water management
• Occupational health and safety
• Employee training and development
• Responsible Sourcing
• Supporting local communities

Environmental Achievements

• Completion of energy audits in both divisions.
• Implementation of the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
• Completion of a double materiality assessment.
• Recertification of the aluminium rolling division against the ASI Performance Standard.
• First year of operation of PV plant in the aluminium rolling division.
• 98.2% of waste directed towards recycling/energy recovery.

Social Achievements

• Improved health and safety performance indicators compared to previous years.
• Increase in training hours on health and safety (+50%).
• Increase in training hours for women (+21%).
• Total expenditure of EUR >380,000 in support of the local community.

Governance Achievements

• Renewal of operating and management structure for sustainability matters.
• Specific targets established for the variable remuneration of general managers, linked to ESG performance.
• Publication of the company’s first TCFD report.
• Achieved a Gold rating in the EcoVadis sustainability assessment (top 5%).
• Awarded the highest ranking (Platinum) among the 100 largest companies in Greece in terms of transparency on ESG issues.

Climate Goals & Targets

Environmental Challenges

• Sluggish demand in most markets due to inflationary pressures.
• Supply chain disruptions
• Increased energy prices due to climate policies
• Carbon Border Adjustment Mechanism (CBAM)
• Impact of Emissions Trading System (ETS)
• Extreme weather events
• Water availability

Mitigation Strategies

• Developed alternative sourcing strategies
• Investment in an integrated energy management system.
• Linking energy targets to the compensation system for Directors.
• Assessment of the footprint originating from main suppliers and their emissions reduction roadmap.
• Increased percentage of recycled aluminium and copper in new products.
• Transition to RES for electricity.
• Continuous improvement of the energy footprint.
• Responsible procurement policy and collaboration with suppliers on roadmaps to reduce their own footprint.
• Implementation of a new reverse osmosis pilot application for cooling water recycling.

Supply Chain Management

Supplier Audits: 30 suppliers assessed on the EcoVadis platform in 2023; aiming for 90% coverage.

Responsible Procurement

• Supplier Code of Conduct
• EcoVadis assessment
• Conflict Minerals Regulation compliance

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (floods, heat waves)
• Water availability

Transition Risks

• Increased energy prices due to climate policies
• Carbon Border Adjustment Mechanism (CBAM)
• Impact of Emissions Trading System (ETS)

Opportunities

• Development of energy-efficient products
• Increased use of recycled materials

Reporting Standards

Frameworks Used: GRI Standards, Athens Stock Exchange ESG Reporting Guide, TCFD

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

Third-party Assurance: TÜV AUSTRIA Hellas (Limited assurance)

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Symetal Battery Foil (SBF)
• Products with increased recycled content
• Energy-efficient products

Awards & Recognition

• EcoVadis Gold rating
• Platinum ranking in Forbes’ ESG Transparency Index
• Various awards for subsidiaries