Nexans

Euronext Paris: NEX77Credible Contributor· Provisional

0 followersOffshore wind cables·Paris, France

www.nexans.com

French cable technology group and a leading supplier of inter-array and export submarine cables for offshore wind farms, operating the dedicated cable-lay vessel Aurora.

77/100

Credible Contributor· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: lowData confidence: high

Why it's on ClimateTicker

Nexans is a genuine climate enabler: its core business manufactures and installs the inter-array and export submarine cables that physically connect offshore wind farms to national grids, making it a critical piece of the renewable energy supply chain rather than merely an adjacent player. Its SBTi-validated targets, CDP 'A' rating, and ahead-of-schedule Scope 1/2 reductions give it more credible sustainability credentials than most industrial peers. The principal integrity overhang is a legacy EU power-cable price-fixing cartel (fined €70.7 m) whose civil litigation tail is still active in UK courts as recently as 2026, tempering an otherwise strong profile.

enablerNexans designs, manufactures, and installs advanced cable systems — spanning low-voltage building cables through to high-voltage subsea cables for offshore wind and grid interconnectors — selling to utilities, TSOs, and wind developers across 41 countries, generating €8.5 billion in net sales in 2024. The high-value Projects segment (subsea/offshore wind, HVDC interconnectors) is the fastest-growing and highest-margin part of the portfolio.

Commitments & Certifications

CDP: A (Climate Change A List) ↗other: MSCI ESG Rating: A ↗other: EcoVadis: 80/100 ↗SBTi: Near-term and long-term net-zero targets validated ↗

Controversy & Greenwashing Watch

highUK CAT Damages Award — London Array Wind Farm

The UK Competition Appeal Tribunal ruled in October 2025 that Nexans must pay £10.6 m ($14.3 m) in damages to London Array wind farm as a civil follow-on from the EU cable cartel; Nexans is appealing as of June 2026.source ↗

mediumItalian Antitrust Probe — La Triveneta Cavi (Nexans Subsidiary)

Italy's AGCM opened a price-fixing investigation in December 2024 involving La Triveneta Cavi, a low-voltage copper cable maker acquired by Nexans in February 2024, for alleged coordinated pricing practices since 2005.source ↗

lowEnvironmental Site Remediation Provisions

As of December 2023, Nexans held approximately €5 m in provisions for environmental clean-up costs at several manufacturing sites, indicating residual legacy site contamination liabilities.source ↗

highEU Power Cable Price-Fixing Cartel — €70.7 m Fine

Nexans was fined €70.7 m by the European Commission in 2014 for participating in a decade-long global cartel fixing prices of high-voltage submarine and underground power cables; all EU court appeals were exhausted and lost by 2020.source ↗

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