Novelis Pledges To Achieve Carbon Neutrality By 2050

Novelis Pledges To Achieve Carbon Neutrality By 2050

Atlanta’s rolled aluminium firm Novelis announced earlier this week its intention to become a net carbon-neutral company by mid-century and to reduce its carbon footprint by 30 percent over the next five years.

The firm said in a press release that it also has plans to become a fully circular business, but it did not identify a target for that goal.

Novelis’s environmental targets also include cutting carbon dioxide output by 30 percent, reducing waste to landfills by 20 percent, and cutting energy intensity and water consumption by 10 percent by 2026.

The firm said it would also continue to increase recycled aluminium content in its product offerings and engage with customers, suppliers, and the aluminium industry as a whole to increase aluminium’s sustainability.

Steve Fisher, President and Chief Executive Officer, Novelis Inc., elaborated upon the firm’s reasoning in a related press release.

“Our ambition is to be the world’s leading provider of low-carbon, sustainable aluminum solutions that advance our business, industry and society toward the benefits of a circular economy. As the world’s largest recycler of aluminum, sustainability has been paramount to our business and these new commitments will further ensure the health and well-being of the environment, the safety of our people, and the long-term success of the communities in which we live and work.”

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.