- 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
ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A. disclosed greenhouse gas emissions of 2.8M tCO2e/year (Scope 123). By scope: Scope 1: 136.9K tCO2e/year; Scope 2: 171.2K tCO2e/year (market-based); Scope 3: 2.5M tCO2e/year (estimated). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.8M tCO2e/year (Scope 123)
2023
Renewable Energy
4.6% of total energy use
of total energy
Water Usage
899.0K m3/year
2023
Waste
74.7K tons/year
2023
Energy Use
1.0K *10³ MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 136.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 171.2K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.5M tCO2e/year (estimated) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.8M tCO2e/year (Scope 123) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported 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.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Develop a roadmap for reducing greenhouse gas emissions (2024).
📅 Medium-term
- Reduce total emissions intensity by 35% compared to 2019 (2030).
- Achieve a 45% absolute reduction of Scope 1&2 emissions (vs 2019) by 2030.
- Achieve a 10% absolute reduction of total emissions (vs 2019) by 2030.
- Achieve ~20% water consumption reductions for the production needs of the copper and division by 2026.
🔭 Long-term
- Achieve net-zero emissions by 2050.
🌱 ESG Focus Areas
Climate change and energyCircular economyWaste managementWater managementOccupational health and safetyEmployee training and developmentResponsible SourcingSupporting local communities