Russian aluminium titan UC Rusal released sustainability data this week into the London Metal Exchange’s new low-carbon platform LMEpassport, making Rusal among the first firms to do so.
Rusal said it first beta-tested the LMEpassport system by entering information from the Boguchansky aluminium smelter in Krasnoyarsk. The firm says it will continue to work on enhancing and automating inputs to LMEpassport in the coming weeks and months as part of its ongoing digitization process.
Rusal’s director of marketing and sales Steve Hodgson said in a press release that the firm’s participation in LMEpassport shows its commitment to sustainable aluminium.
“We congratulate the LME on the launch of the LMEpassport and we are pleased to have supported its development through the LMEpassport advisory group. RUSAL has long been committed to transparency in reporting of sustainability credentials and we see this as a positive step in providing consumers and investors alike an informed choice as to the products they purchase and consume, meeting their own corporate goals.”
“We are delighted to see key members of the metals community taking the opportunity to provide greater visibility of their sustainability credentials,” said Georgina Hallett, the LME’s Chief Sustainability Officer. “Transparency can help facilitate meaningful progress in key target areas and we are pleased to support our brands in their vital work to drive the sustainability agenda across all base metals.”
Rusal notes that LMEpassport will continue to develop the system for allowing for disclosure of information that allows consumers to measure the sustainability of the products on its platform.