Aluminium canstock supplier Novelis raises sustainability targets

Novelis, the global aluminium strip supplier and recycler, has extended its sustainability commitments by setting targets to become net carbon-neutral by 2050 or sooner and reducing its carbon footprint by 30 per cent by 2026.

“Our ambition is to be the world’s leading provider of low-carbon, sustainable aluminium solutions that advance our business, industry and society toward the benefits of a circular economy,” said Steve Fisher, chief executive of Atlanta, US-based Novelis Inc. 

“As the world’s largest recycler of aluminium, 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.”

As well as becoming carbon neutral by 2050 and reducing carbon dioxide emissions by 30 per cent by 2026, Novelis has also committed to reducing waste to landfill by 20 per cent, together with energy intensity and water consumption each by 10 per cent, by 2026.

The company has also pledged to increase the use of recycled content in its products and engage with customers, suppliers and industry peers across the value chain to drive innovation that improves aluminium’s overall sustainability.

Fisher added: “Our path to a more sustainable and circular future goes beyond our environmental commitments by setting new targets to reshape a more diverse and inclusive workforce that reflects our local communities. Globally, we are dedicated to increasing the representation of women in senior leadership and technical roles in order to create and foster the next generation of female scientists and engineers.”

In February, Novelis reported that surging at-home consumption of canned beer particularly in the Americas had driven record profits for the financial quarter.

Meanwhile, a target of 100 per cent recycling of aluminium beverage cans in Europe by 2030 has been set by organisations representing canmakers, aluminium canstock suppliers and recyclers across the continent.