Big challenges, bold thinking

The need for sustainable electrification is now more urgent than ever.

With global warming accelerating and the energy transition gaining momentum, the issue of sustainable electrification is now at the top of the agenda.

Big challenges need bold thinking.

To face the challenges, Nexans has developed three pillars for a sustainable future in line with UN’s sustainable development goals and with concrete and measurable actions to perform.  People, Environment and Ecosystem are all areas within we will focus our efforts to support the change.

This is the reason why Nexans organised its first Climate Day in September at the GoodPlanet Foundation in Paris. Climate change, the energy transition and sustainable electrification of the planet were the focus of discussion.

Expert contributors to our Climate Day included Yann Arthus-Bertrand, environmentalist and founder of the GoodPlanet Foundation, and Edouard Lecerf, Deputy General Director of consultants BVA, who presented the results of a survey comparing French, British and US public opinion.

This was followed by a roundtable discussion based on a new global study by Roland Berger, commissioned by Nexans, on the paradoxes that global electrification raises.

Debating this topic were Nexans’ CEO Christopher Guérin, Schneider Electric’s Christel Heydemann, Roland Berger’s Emmanuel Fages and BNP Paribas Asset Management’s Mark Lewis. You can read more about Mark’s vision for electrification – and why more and more investors are turning to renewable energy – in this edition of Perspectives

ESG in the spotlight

In November, we dedicated a day to sharing our Environmental, Social and Governance (ESG) initiatives. ESG is at the core of our purpose as an organisation. What does this mean for Nexans and its stakeholders?

First and foremost, our purpose is to build a sustainable energy highway to the future​ and to contribute to carbon neutrality. People are at the heart of this journey: we need a diverse, talented and engaged workforce to help turn sustainable energy into a reality. ​  Overarching all of this is our commitment to robust governance and board practices.

Participants in our ESG Day were able to find out about our commitment to ESG and to hear concrete examples of what we are doing in terms of actions, future plans and measurement scorecards. You can find out more about our commitment to ESG here.

Winds of change

The offshore wind market is poised for spectacular growth. Europe’s recently revealed plans for a 25-fold increase in offshore wind by 2050 underline the huge scale of the ambition. This would make Europe climate neutral within 20 years. Meanwhile, a five-fold increase is envisaged this decade.

These targets are exciting. They are also hugely challenging. How can the required capacity be delivered quickly and cost effectively?

Innovation will play a big part in building the next generation of capacity. Turbines are already getting bigger – up to 15MW, enough to power 20,000 homes – and therefore more efficient. The next generation of projects will be located far out to sea where winds are stronger and more stable. And floating wind turbines will become more common, eliminating the need for fixed foundations and opening up opportunities in deeper waters.

New expertise is needed – and Nexans is here to provide it. We are already a key player in the offshore wind market. Nexans provides the plug-and-play cable harnesses that drive down the cost and accelerate the deployment of new turbines. And we are leading supplier of the subsea high-voltage export cables that link remote offshore windfarms to the land. All of this is backed by decades of expertise and global experience.

Nexans continues to invest in supporting the offshore wind revolution. In 2021, we will launch CLV Nexans Aurora, the world’s most advanced cable laying vessel – underscoring our long-term commitment to support our customers achieve their biggest ambitions. 

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