Nexans validates its net-zero commitment with SBTi approval

Nexans’ commitments are twofold, encompassing both near-term and long-term goals:

• Near-Term Targets

– Nexans commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year*.
– Nexans also commits to reduce absolute scope 3 GHG emissions 30% within the same timeframe*.

• Long-Term Targets

– Nexans commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year*.
– Nexans also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe*.

These interim targets pave the way for Nexans to achieve net-zero emissions by 2050, demonstrating a long-term vision of sustainability. This ambitious goal underscores Nexans’ leading role in creating sustainable electrification solutions while actively contributing to the fight against climate change. The SBTi validation reflects not just intentions but concrete actions and plans that are already in motion.

*The target boundary includes land-related emissions and removals from bioenergy feedstocks

Over the past few years, Nexans has already implemented transformative changes across its operations.

To meet these ambitious goals, Nexans has outlined several strategic levers that will drive its decarbonization efforts. These actions span across plant operations, energy efficiency, and the development of sustainable products, reflecting Nexans’ multi-faceted approach to sustainability:

• Optimizing Plant Operations (Scopes 1, 2, and 3)

Nexans is focused on reducing emissions across its production processes by optimizing energy consumption. This includes improving operational efficiency across its plants and minimizing carbon emissions in both upstream and downstream activities.

• Improving Energy Efficiency (Scopes 1 & 2)

Energy efficiency is a key lever in Nexans’ strategy to lower its carbon footprint. The company is committed to reducing its reliance on non-renewable energy by integrating more renewable energy sources into its operations, either through on-site production or purchasing renewable electricity.

• Developing Sustainable Products (Scope 3)

Nexans continues to innovate by offering low-carbon products and solutions. By optimizing the use of materials and collaborating with suppliers who are aligned with its decarbonization targets, Nexans is ensuring that its products contribute to lowering emissions throughout the value chain.

As the company moves forward on this journey, its commitment to achieving net-zero emissions by 2050 remains unwavering. With the SBTi’s validation and the implementation of robust decarbonization strategies, Nexans is well-positioned to lead the electrification industry toward a more sustainable future.