🌍 Our path to carbon neutrality continues, driven by ambition and responsibility. 🌱
We are not carbon neutral yet, but we believe that meaningful progress starts with bold goals. This year, we reduced our corporate carbon footprint in Scope 1 and 2 by 78 percent compared to the previous year. This achievement is primarily the result of our photovoltaic system and our transition to using only renewable electricity across all our sites.
Our photovoltaic installation in Cyprus already supplies around 23 percent of our total annual electricity demand and reaches up to 32 percent at peak times. We are planning to further expand this capacity in the coming years. By switching to 100 percent renewable electricity from 2024 onward, we are able to avoid more than 5,000 tons of CO₂ emissions every year. In addition, we are investing in a Gold Standard certified solar water heater project in India, which reduces greenhouse gas emissions locally and allows us to offset the climate impact of all our business flights. Both of our production sites are also certified according to ISO 14001 and ISO 50001, reinforcing our commitment to environmental management.
Thanks to these and many other initiatives in the areas of environment, social responsibility and governance, we are once again ranked among the top 10 percent of companies worldwide in sustainability ratings.
Our sustainability journey continues and we remain committed to moving forward with purpose, ambition and long-term responsibility.
