The International Aluminium Institute (IAI) and the Aluminium Stewardship Initiative (ASI) signed a memorandum of understanding yesterday, committing to collaborate on efforts to improve the performance and sustainability of the global aluminium trade.
Executed by ASI’s Chief Executive Officer Fiona Solomon, and IAI’s Secretary General Ron Knapp, the five-year MOU pledges the two organizations’ cooperation on measurement, reporting, and verification frameworks, and selected industry data on greenhouse gas emissions, water, and energy use, and waste and risk management, among other information.
The MOU is expected to foster efficiencies for both the IAI and the ASI by collaborating on unified approaches to issues in the industry, and by pooling experience and knowledge. The associations will meet on a periodic basis and report to their respective governing bodies each year on the status of the agreed-upon cooperation.
“As demand continues to grow for lightweight, strong, safe and energy efficient aluminium products, customers in a number of markets are increasingly demanding certified assurances of those products’ sustainability claims, in addition to sector-wide performance data,” said Hilde Aasheim, Chair of the IAI Board of Directors and Executive Vice President of Norsk Hydro, pointing out the importance of the agreement to the IAI’s membership. “Today’s MoU between IAI and ASI will enable the development of globally applicable standards for measuring and verifying sustainability performance, including greenhouse gas emissions, along the supply chain, by drawing on the four decades of industry experience and data that the IAI and its members have amassed.”
“ASI aims to engage and work with all key stakeholders in this sector as it works to develop an independent third party certification program for the aluminium value chain,” explained Daniel Weston, ASI Board Chair and General Counsel & CSV Global Head of Nestlé Nespresso. “IAI has a strong history of data collection, research and publications on key industry issues, and this MOU will benefit both organisations through a collaborative approach to the challenges of sustainability metrics. We are delighted to be working together.”