Novelis highlights progress towards sustainability goals
Novelis Inc., a leading sustainable aluminium solutions provider and world leader in aluminium rolling and recycling, issued its sustainability report for the 2023 fiscal year (April 1, 2022, to March 31, 2023).
The report highlights the company’s progress toward its sustainability goals, which encompass key environmental metrics, employee safety, diversity and inclusion, and community engagement.
The company reported progress toward its goal to reduce absolute carbon emissions by 30% by 2026 from its FY2016 baseline, with a 14% reduction in FY23 (includes scopes 1, 2 & 3).
One of Novelis’ key sustainability strategies is to reduce carbon emissions by incorporating as much recycled aluminium as possible into its products. In its 2023 fiscal year, the company achieved 61% recycled content across product lines globally.
In that same period, Novelis recycled 2.3 million tonnes of aluminium, including more than 82 billion used beverage cans.
“I am very proud of our achievements this year, particularly our emissions reduction and recycled content numbers,” said Steve Fisher, President and Chief Executive Officer, Novelis Inc.
“We believe that maximising aluminium’s circularity is the most effective way to decarbonise, and Novelis is leading the industry on that front by expanding closed-loop recycling partnerships with customers, investing in additional recycling capacity, and creating new alloys and processing methods to increase our use of recycled metal inputs.
“The success of these and other recycling initiatives help ensure we continue to deliver on our Purpose of Shaping a Sustainable World Together.”
In addition to the noted accomplishments in absolute CO2 reduction and recycling, the report highlights other achievements including:
- Decreasing carbon emissions intensity by 17% from the FY2016 baseline
- Reducing waste to landfill intensity by 10% from the FY2020 baseline
- Donating $7.5 million to charitable causes
- Becoming a strategic partner of FIRST® (For Inspiration and Recognition of Science and Technology), a nonprofit that introduces pre-Kindergarten through 12th grade students to engineering, coding and robotics.
For more information about Novelis’ sustainability initiatives, visit www.Novelis.com/sustainability.