Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Renewable energy
• Health and safety
• Labor rights
• Supply chain responsibility
• Business ethics
• Anti-corruption

Environmental Achievements

• Significant contribution of secondary raw materials in production, reducing carbon footprint
• Over 50% of cables segment revenue from projects contributing to renewable energy expansion
• Approximately 70% of steel pipes segment revenue from natural gas projects
• No environmental impact incidents in 2020
• Continued efforts to decrease water consumption and improve water intensity
• Investments in carbon emissions reduction and energy efficiency measures

Social Achievements

• Prioritized employee health and safety during the COVID-19 pandemic
• Implemented multiple preventive measures to reduce infection risk
• Performed over 51,000 PCR tests and 5,000 antigen rapid tests on workforce
• Maintained operations smoothly without interruptions
• Supported society through donations of medical equipment and protective gear
• No incidents of discrimination, forced labor, or child labor reported

Governance Achievements

• Compliance with the 2020 Belgian Corporate Governance Code
• Adoption of a Corporate Governance Charter
• Establishment of the Audit Committee and Nomination and Remuneration Committee
• No incidents of corruption or bribery reported
• No fines paid due to settlements for unethical business practices

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on demand and operations
• Metal price fluctuations
• Depressed demand in energy markets
• Economic uncertainty in key operating markets
• Adverse effects of the COVID-19 pandemic on the market environment
• Decrease in oil and gas prices
• Contraction of construction activity and industrial production
• Decline in steel prices internationally
• Rent reduction initiatives introduced by the Greek government
• Supply chain disruptions

Mitigation Strategies

• Implemented measures to ensure employee safety and business continuity
• Adapted working practices to reduce infection risk
• Cost optimization programs
• Focus on new geographical markets
• Investment in new technologies and R&D&I
• Personnel development and training
• Strict working capital management
• Effective management of debtors, creditors, and inventory
• Active asset management
• Development of alternative sourcing strategies

Supply Chain Management

Responsible Procurement

• Developing a comprehensive supplier evaluation management system to ensure suppliers meet sustainability standards

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Rising sea levels
• Reduced freshwater availability

Transition Risks

• Regulatory changes (energy efficiency measures, carbon pricing, carbon border adjustments)
• Market shifts

Opportunities

• Development of energy-efficient products
• Increased market share in a low-carbon economy

Reporting Standards

Frameworks Used: GRI, UN SDGs

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

UN Sustainable Development Goals

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

Viohalco's activities and initiatives contribute to these goals through responsible water and energy use, safe working environments, climate action, waste management, and ethical business practices.

Sustainable Products & Innovation

• Recyclable aluminium packaging
• Lightweight, energy-efficient aluminium products
• Circular products utilizing secondary copper and steel
• Cables for renewable energy transfer
• Steel pipes to support energy transition
• Development of environmentally-friendly buildings

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Responsible sourcing
• Occupational health and safety

Environmental Achievements

• Elval, the aluminium rolling division of ElvalHalcor, joined the World Economic Forum's First Movers Coalition (FMC) and pledged that, by 2030, at least 10% of its annual primary aluminium purchases will be low carbon, calculated at 3 tons of CO2 per ton of aluminium with 80% less CO2 emissions than the global industry average.
• Steel segment’s companies initiated multiple projects focused on energy and water use efficiency, as well as optimum resource management. At the Sidenor plant, the installation of a new air pollution control system is ongoing. At Stomana Industry, targeted projects in energy efficiency and water management were completed, resulting in a significant reduction in consumption. Dojran Steel completed a water recovery project.
• Noval Property focuses on developing and actively managing high-quality and sustainable buildings in Greece.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Challenging operating conditions stemming from sustained high interest rates, international competition and continuing weakness across the European construction sector.
• Fluctuating demand and macroeconomic dynamics in the aluminium segment.
• Declining volumes in the copper segment resulting from low demand in key markets.
• Weak demand in the European construction sector, elevated interest rates and the rise in imports from low-cost countries in the steel segment.

Mitigation Strategies

• Strategic initiatives to improve competitive positioning, operational efficiency and product mix optimization, as well as investment into attractive new markets.
• Aluminium segment focused on production process optimisation and productivity improvements to effectively balance demand across market segments and drive performance forward; significant focus was given to working capital management.
• Copper segment implemented targeted initiatives to seize new opportunities, gain market share and improve productivity and cost.
• Steel segment companies initiated multiple projects focused on optimizing resource management at the production process level.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: CSRD (Corporate Sustainability Reporting Directive)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed