Climate Action - Targets and Actions

a picture of an adult's hands with a planted flower in between placing it between a child's hands
Climate change is one of the most urgent global challenges, affecting companies' operations, their stakeholders and life on earth in general.

The major cause of climate change is believed to be global warming, resulting from the increasing concentrations of CO2 and other greenhouse gases (GHGs) on earth.

In order to deal with climate change, Paris Agreement came into force in November 2016, setting the target of keeping the global temperature rise below 2°C, above pre-industrial levels and calling for efforts to limit warming to 1.5°C.

At Intracom Telecom we understand the importance of addressing and contend with climate change and have taken steps to support the 1.5°C initiative. In this context we are aiming at reducing our Scope 1 and Scope 2 emissions by 50% by 2030, taking 2019 as the baseline year.

A short term plan providing Scope 1 and Scope 2 emission reduction targets and relevant actions for 2021, 2022, 2023, 2024 and 2025 has been launched. Actual figures for years 2019 to 2022 and targets for 2021 to 2025 and 2030 are depicted in the following table and relevant graph. Calculations have been carried out in accordance with "The Greenhouse Gas Protocol" (A corporate Accounting and Reporting Standard - Revised Edition).

GHG emissions (tonnes CO2e) 2019 2020 2021 2022 2023(1) 2024 2025 2030
Electricity 3745 3817 1988 2263 2129      
Vehicles (owned / controlled) 679 611 588 586 586      
Heating 226 262 328 349 349      
Other emissions(2) 88 195 141 6 141      
Total 4738 4885 3045 3204 3205      
Target     4027 4027 3790 3790 3554 2369

(1) 2023 figures are partly estimated
(2) Scope 1 emissions from sources such as auxiliary generators, fugitive emissions etc.

According to the above figures Intracom Telecom is well within its GHG emission targets.

Intracom Telecom recognizes the global issue of climate change and takes measures to align its policy with the Paris Agreement and reduce its carbon footprint.

Intracom Telecom has participated since 2008 in the CDP (formerly known as Carbon Disclosure Project) and has been reporting through CDP to specific customers / interested parties on its carbon footprint.

The company is undertaking efforts to reduce its carbon footprint such as infrastructure, equipment and electricity networks preventive maintenance programs, improved energy usage management with regard to air-condition units, elevators, water heaters etc., building insulation improvements, personnel awareness schemes regarding "save energy" attitude, use of teleconferencing facilities, teleworking etc.

Intracom Telecom's carbon footprint from Scope 1 and 2 emissions is largely dependent on energy consumption at company facilities (offices, labs and computer rooms).

Therefore, the company has set targets to reduce its Scope 1 and 2 carbon footprint by 15% for 2021 and 2022 and 20% for 2023 and 2024 - with respect to 2019 - by purchasing electricity from renewable sources.

Further emissions reduction initiatives will be considered in due course.

diagram of Carbon footprint

(3)Scope 1 and Scope 2 emissions are calculated as carbon dioxide equivalents (CO2e) according to the GHG protocol definition. Illustrated CO2e emissions refer to Intracom Telecomís own activities in Greece. 2019, 2020, 2021 and 2022 figures have been validated by Bureau Veritas Hellas.

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