Outstanding ‘A’ score from CDP

• Nexans received a prestigious ‘A’ score from CDP, reflecting its steadfast commitment to climate action and environmental transparency.
• Nexans sees positive shifts in EcoVadis and maintains its ‘A’ rating with MSCI, showcasing the company’s dedication to continuous improvement.

Nexans, a leader in the design and manufacturing of cable systems and services, has been recognized for leadership in corporate sustainability by the global environmental non-profit extra-financial agency CDP. Achieving an ‘A’ score and maintaining a position on the prestigious ‘A List’ for addressing climate change, Nexans reaffirms its dedication to environmental responsibility.

This recognition marks a significant milestone in Nexans’ journey towards sustainable electrification. The company’s unwavering commitment to climate action and environmental transparency. Noteworthy progress has been made, with this year’s achievement showcasing a commendable advancement from the ‘A-‘ rating in 2022 and 2021. Building on the initial ‘A’ rating in 2020, Nexans demonstrates a consistent commitment to climate action and environmental transparency.

Nexans’ consistent engagement to enhancing its methodology and turning commitment into action has played a crucial role in its success. The progression from ‘A-‘ to ‘A’ underscores Nexans’ proactive approach in comprehending and tackling the challenges presented by climate change, showcasing ongoing improvements.

In parallel, Nexans has made substantial advancements in its EcoVadis rating, increasing its previous score by 2 points, to reach 80/100. The enhancement observed reflects Nexans’ dedication to consistently improving its sustainable development practices. By upholding its “A” rating on the MSCI front, Nexans reasserts its steadfast commitment to achieving excellence in ESG topics.

While celebrating the achievements of 2023, Nexans remains focused on continuous improvement and to maintain and elevate its position on the global stage.

• Alcoa will supply Nexans with low-carbon aluminum rod that will contain metal from the breakthrough ELYSIS™ technology.
• ELYSIS™ is a partnership company that is ramping up a process that eliminates all direct greenhouse gas emissions from the traditional smelting process, emitting oxygen as a byproduct.
• Aluminum rod produced from ELYSIS™ technology will have lower CO2 emissions.

Nexans and Alcoa (NYSE:AA) announce today that Alcoa will supply Nexans with aluminum rod produced from a revolutionary process that eliminates all direct greenhouse gas emissions from the traditional smelting process.

Nexans will be the world’s first cable manufacturer to use metal from the breakthrough ELYSIS™ process, which replaces all greenhouse gas emissions with oxygen. The technology uses proprietary materials, including inert anodes, first developed at the Alcoa Technical Center near Pittsburgh. That research and development work became the technological basis for ELYSIS™, a technology partnership that is working to ramp up the process to commercial scale.

Several Nexans facilities in Western Europe and Scandinavia will use aluminum produced from the ELYSIS™ process to start qualifications for the metal’s use in various types of cables, from low, medium to high voltage. Aluminum rod produced with this breakthrough ELYSIS™ technology could eliminate a significant portion of carbon dioxide emissions in the future.

This latest announcement further builds on the two companies’ historic long-term relationship. Alcoa already supplies Nexans with EcoLumTM, a primary aluminum with a carbon footprint that is nearly three times lower than the industry average.1

Since the launch of ELYSIS™ in 2018, the technology company has produced R&D quantities of the metal. Alcoa is marketing and selling its share of the ELYSIS metal, which has also been used for the wheels on the Audi eTron GT, the automaker’s first electric sports car. Apple is also an investor in the technology and has used ELYSIS metal for some of its products.

ELYSIS is a key component in Alcoa’s technology roadmap of research and development projects that also includes projects such as the ASTRAEA™ metal purification process and the Refinery of the Future.

This agreement fully highlights Nexans’ position at the forefront of the sustainable electrification of the world and of crucial issues such as low-carbon emissions.

Nexans informs that the French Competition Authority is carrying out searches at three Nexans sites in France today.

The searches are part of an investigation in the sector of distribution of energy cables in the territory of DOM-TOM.

Nexans is cooperating with the French Competition Authority.