Novelis Sustainability Report Shows Firm is Well Ahead of Targets
04 October 2017 by Staff
Aluminium rolled and recycling firm Novelis, Inc. released its 2017 Sustainability Report yesterday. The firm boasted the achievement of several sustainability targets up to two years ahead of schedule.
According to the report, Novelis increased the use of high-recycled metal content inputs by 55 percent and reduced water usage to 2.7 cubic meters per metric ton of aluminium produced, both of which were targeted for completion by the year 2020. Novelis credits the accomplishment to a financially-stout year as well as the implementation of increased operational efficiency and technical innovation across the company’s two dozen plants worldwide.
In addition, Novelis has also cut back significantly on waste production. The firm cut greenhouse gas emissions by over 21 percent from the baseline yearly total of 21 million metric tons of carbon dioxide. Novelis also achieved a more favorable waste to landfill and energy intensity rate over the past year, both of which the firm says will continue to be areas of emphasis in the coming year.
Novelis’ President and Chief Executive Officer Steve Fisher praised the firm’s progress to date and reaffirmed its commitment to continued improvements going forward.
“From operations within our company to how we partner with our stakeholders, safety and sustainability continue to be core to our business. We have made great gains in this fiscal year and are ahead of target in some areas. Additionally, we remain resolute in our commitment to leverage our technical expertise and innovative capabilities to solve challenges at our facilities and promote sustainability throughout the manufacturing industry.”
Novelis is a subsidiary of Mumbai’s Hindalco Industries Ltd. Based in Atlanta, the firm accounts for almost half of Hindalco’s consolidated revenue. The world’s largest recycler of aluminium, Novelis conducts operations in ten different countries, employs around twelve thousand people, and reported US$10 billion in revenue for the most recent fiscal year.