Novelis has committed to achieving carbon neutrality by 2050 and has set interim targets to reduce absolute carbon emissions by 30% by FY26 from a FY16 baseline. The company focuses on increasing recycling rates, improving energy efficiency, and collaborating with industry partners to promote a circular economy. The company's decarbonization strategy includes efforts to reduce energy use, implement alternative fuels, and engage in partnerships like the Net Zero Lab Valais to develop carbon-neutral solutions
Emission Metrics and Reflection of Commitment
Total Emission
2,255,000 tCO2e
Net-0 Target Year
2050
Absolute Emission Reduction
14%
Emissions Breakdown
Actions and Commitments
Commitments Made and Actions taken by Novelis
Carbon Emission Reduction: The company achieved a 27% reduction in absolute carbon emissions from its FY2016 baseline by FY2024, encompassing scopes 1, 2, and 3 emissions.
Recycling Initiatives: In FY2024, Novelis reached an average of 63% recycled content in its aluminum rolled products, recycling over 2,300 kilotons of aluminum, including 82 billion used beverage cans.
3x30 Sustainability Initiative: Launched in 2024, this initiative aims to:
- Increase recycled content to 75% by 2030. - Reduce carbon emissions to less than 3 tonnes of CO₂ equivalent per tonne of flat-rolled product shipped by 2030. - Lead the industry toward circularity through strategic investments.
Green Bond Investments: Novelis allocated $588 million from its Green Bond to projects focused on reducing carbon emissions and enhancing energy efficiency, underscoring its commitment to a carbon-neutral future.
Waste Reduction Efforts: The company achieved an 8.8% reduction in waste-to-landfill intensity from its FY2020 baseline, reflecting progress toward its goal of a 20% reduction by 2026
Navigating the Roadblocks Ahead...
Scope 3 emissions reduction across the value chain
Compliance with evolving regulatory frameworks
Managing supply chain sustainability risks
Balancing production efficiency with environmental goals
Transitioning high-emission facilities to renewable energy
Embracing Opportunities
Identifying Impact Opportunities
Transparent Reporting: Provide clear, accurate, and detailed disclosures on sustainability goals, progress, and challenges, aligned with globally recognized frameworks like SASB, TCFD, and SEC Climate Disclosures.
Third-Party Verification: Ensure all environmental claims, such as emissions reductions through renewable energy adoption beyond smelters, are independently verified by credible auditors.
Set Measurable Goals: Define specific, time-bound sustainability targets that are scientifically backed and achievable, avoiding vague or overly ambitious claims.
Leveraging Technology: Enhancing energy efficiency through advanced technologies and leveraging AI-based sustainability platforms for better data management.
Value Chain Accountability: Collaborate with suppliers and partners to ensure sustainability efforts are consistent throughout the value chain.
Continuous Monitoring and Adaptation: Increasing the use and monitoring impact of usage of recycled aluminum in production.
Stay Ahead of Regulations and Reporting Requirements
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