Novelis Cuts Greenhouse Gas Emissions By 5 Percent in FY 2018
09 November 2018 by Staff
Atlanta’s rolled and recycled aluminium firm Novelis Inc. released its Fiscal Year 2018 sustainability report yesterday. Among other issues, the report highlighted the firm’s increase of recycled aluminium by 2 percent year on year to a total of 57 percent of the company’s total.
The annual report, which sets out the firm’s goal of “Shaping a Sustainable World Together,” outlines Novelis’ environmental stewardship practices, measuring results against a baseline of an average of numbers between FY 2007 through FY 2009.
In the report Novelis states it has cut water usage by 28 percent in the intervening years, down to 2.6 cubic meters per metric ton. Novelis has also sliced greenhouse gas emissions by 25 percent from the baseline, with a full 5-percent drop in the previous fiscal year alone. Annual waste sent to landfills by Novelis has also been reduced, down by almost one-third from the initial baseline measurement.
Novelis President and CEO Steve Fisher said the firm’s progress towards its sustainability goals is among its top priority over the course of the fiscal year.
“Our sustainability achievements measured against established multi-year metrics underscore why we look to our corporate purpose as a guiding principle in all we do. This progress is all about making every phase of our business operations more sustainable and efficient. By reducing our dependence on precious natural resources, our business can prosper far into the future, along with our customers and communities.”
The full Fiscal Year 2018 Novelis Sustainability Report may be downloaded from Novelis’ website.
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 eleven thousand people, and reported US$10 billion in revenue for the most recent fiscal year.