Russian aluminium behemoth U.C. Rusal’s parent company En+ Group IPJSC announced yesterday its intention to reach certain science-based emission reduction targets (SBTi) in order to contribute to the global movement to establish a global net-zero carbon economy.
In joining the Business Ambition for 1.5°C movement, En+ says it is responding by continuing calls to action by voices from around the globe to help stave off potentially dire effects related to climate change.
“We are proud to have placed the low-carbon economy and a firm commitment to sustainable business at the heart of En+ Group,” explained En+’s Executive Chairman, Lord Barker of Battle. “Our ambition is to lead the transformation of the global aluminium industry, a material that will be central to the low carbon global economy. Partnerships and joint initiatives are a key part to meeting the challenge of climate change.”
CEO and Executive Director of the UN Global Climate Compact Lise Kingo emphasized the importance of participation in climate-change initiatives from firms like En+.
“We have less than 11 years to fundamentally change our economies or we will face catastrophic consequences. For the first time, we are seeing business and climate leaders coalesce around a common call-to-action, sending a powerful signal that science-based target setting presents a significant opportunity for businesses to step up when it comes to tackling climate change and limiting global warming to 1.5 degrees Celsius.”
En+ says the decision to join the Business Ambition for 1.5°C movement is but the latest of several actions taken by the firm this year in furtherance of environmental responsibility. Last month saw the company join the United Nations Global Compact, and the month prior En+ joined the Energy Transitions Committee (ETC), the latter representing a commitment by the company to the production of low-carbon aluminium. Upon joining the ETC, En+ announced its commitment to supporting the ETC’s efforts at achieving net-zero carbon emissions from heavy industry.