EGA Releases First-Ever Sustainability Report
13 August 2018 by Staff
Emirates Global Aluminium PJSC (EGA) debuted the firm’s first sustainability report last week. The report lays out EGA’s actions thus far in the realms of economic, social, and environmental progress as well as identifying targets and goals in such areas for the future.
Its intent is to gauge EGA’s progress in the areas of emissions, safety, technological innovation, community engagement, waste and effluent management, and social responsibility, among others. The data revealed in the report arises from a materiality analysis that identified topics best suited for such a report.
Prepared in accordance with standards set forth by the Global Reporting Initiative, the report is focused upon results from 2017. However, in an effort at showing trends and other developments, the report pulls in data from as far back as 2015.
Abdulla Kalban, Managing Director and Chief Executive Officer of EGA, said that the report highlights the firm’s commitment to a higher standard.
“We recognise that our role must extend beyond simple compliance or keeping up with our peers. Working with our customers, regulators, shareholders and stakeholders, we intend to be an innovator and a leader in sustainability.”
EGA’s sustainability report is part of the firm’s push to certification in the Aluminium Stewardship Initiative’s Performance Standards. EGA became the first Middle Eastern firm to apply for membership into the ASI, whose certification standards emphasize responsible production, sourcing, and stewardship along the entirety of the aluminium supply chain.
Based in Abu Dhabi, United Arab Emirates, Emirates Global Aluminium is an aluminium conglomerate created by the merger between Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) in 2013. EGA had an estimated enterprise value of US$15 billion at the time the merger took place. The firm is owned equally by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai. Emirates Global Aluminium holds interests in bauxite/alumina and primary aluminium smelting. The firm produces around 2.6 million metric tons per year of cast aluminium, placing it at the third largest ex-China smelter.