ElvalHalcor, received two awards at the "Bravo Sustainability Dialogue & Awards", reaffirming once again the Company's commitment to sustainability principles and to the implementation of responsible business practices. This year's "Bravo Awards" took place at the online Sustainability Week 2021 event, organized by Quality Net Foundation (QNF) during the week May 31 to June 5, 2021.
ElvalHalcor continuously invests in sustainability and pursues continued responsible operation and development, applying sound business practices. ElvalHalcor submitted a total of six practices under the Sustainable Development Monitoring
- TALOS®XS high-strength copper-iron alloy (CuFe2P) tubes (Pillar: Market / Theme: Development of green products and services)
- Recycling of copper, copper alloys and aluminum (Pillar: Environment / Theme: Waste management & circular economy). Mr. George Hinopoulos, Technology, Marketing, R&D Director of Halcor, ElvalHalcor’s copper tubes division, made a presentation about the TALOS®XS high-strength copper alloy tubes, and later, receiving the award, stated that: “The TALOS®XS tube is a new innovative industrial product with commercial success developed by Halcor to meet the needs of "green" cooling technology using natural refrigerant gases. Halcor’s main goal is to contribute to sustainable development in every sector of the industry, and to respond immediately to the needs of our customers by offering high-tech solutions and excellent services.”
Regarding the second award of the Company, for metal recycling, Mr. Nikos Marinakis, Director of Halcor’s Casting-Melting Plant receiving the relevant award, stated that: “For us at ElvalHalcor, sustainable operation has played an important role in regards to our successful activity and our sustained presence in the market. We place a special emphasis on recycling and implement an extensive program for the use of recycled copper and aluminium as a raw material. For Halcor, in 2020 the needs for raw materials were covered at a rate of 55% by secondary sources, i.e. copper scrap, sourced from the collection of products after the end of their life cycle. Strategically, we seek to increase the integration of copper and aluminium scrap as a raw material for the production of our products, thus contributing to the circular economy, in order to save natural resources and reduce our environmental footprint."
Finally, the aluminium rolling division of ElvalHalcor participated at the event, presenting the responsible production of aluminium according to the sustainability standard of the Aluminium Stewardship Initiative (ASI). Elval is the first Greek industry to be certified according to the ASI Performance Standard. Mr. Nikos Zarmpoutis, Elval’s Environmental Compliance Officer, during his presentation, stated that: “This certification according to the ASI Performance Standard (successfully completed in July 2020), confirms how our Company has performed in terms of the responsible production of aluminium and in particular the three pillars of ESG". In addition, Mr. Zarmpoutis referred to the fact that the next inspection of ElvalHalcor according to the ASI Chain of Custody Standard will take place very soon. This certification will enable the production and distribution of certified ASI material to ElvalHalcor customers.
ElvalHalcor is a leading global industrial producer of aluminium and copper products. The Company was formed in December 2017 via the merger of Elval and Halcor. ElvalHalcor currently holds a leading position in Europe in the copper tubes sector, while also having established its leading position within the global aluminium rolling industry. The Company has over 80 years of experience and know-how, a strong production base across 17 state-of-the-art production plants and a market presence in over 100 countries. ElvalHalcor offers sustainable solutions and products in dynamically developing markets such as packaging, transportation, building and construction, heating, cooling and air conditioning and RES. ElvalHalcor's growth focuses on investing in technology and sustainable development, thereby creating value for its stakeholders. For more information about the Company, please visit the website www.elvalhalcor.com
About the “Bravo” Initiative
Bravo is a nationally developed sustainable development dialogue forum which is based on initiatives implemented by Greek Businesses, Local Government Organizations and Civil Society. Bravo’s 250 Initiatives and the 35,000 active citizens participating with it have led to the wider sharing of information and a broader awareness within Greek society as well as an exchange network for knowledge and experience from these organizations, contributing to the creation of the “Greece of Tomorrow” initiative. The Sustainability Observatory constitutes a national monitoring mechanism which gathers all the best practices and Initiatives that are developed under the framework of sustainable development, responsible business and social responsibility in our country at the economic, environmental and social level. Bravo dialogue and awards