CLIMATE, EN+ GROUP: NET ZERO EMISSIONS FROM ALUMINIUM PRODUCTION BY 2050

Lord Barker (Executive Director): “Unprecedented investments and new environmental standards for the global aluminium industry”

 

2050: ZERO GHG EMISSIONS

En+ Group, the world's leading producer of low-carbon aluminium and renewable energy, publicly announces the most ambitious emissions reduction targets yet seen in the global aluminium industry. The industry intends to cut greenhouse gas (GHG) emissions by at least 35% by 2030 (Scopes 1 & 2 against a 2018 baseline) and to achieve net zero GHG emissions by 2050. This is the path towards net zero and these targets set a new standard for the industry, as Lord Gregory Barker stated. According to estimates by Face, the federation of aluminium consumers in Europe, the total consumption of aluminium in our country in 2020 stands at around 1.5 million tons, down from 2 million tons in 2019.

INNOVATIVE TECHNOLOGIES THROUGHOUT THE PRODUCTION CHAIN

These targets cover absolute emissions across all operations including aluminium production, including heat and electricity production. To perform its commitments, the Group will upgrade all its production facilities, as well as introduce innovative technologies throughout the production chain. In addition, the Board has decided to create the En+ Climate Change Taskforce. In addition, the Group will engage in extensive consultations with all relevant external stakeholders, including suppliers, customers, investors, local communities and relevant international experts with an aim of publishing the Group report on pathway to Net Zero by 2050 and 35% by 2030 in September 2021, ahead of UN COP26 in Glasgow.

ZERO TARGET

To achieve the net zero target, the companies that are members of the Group are committed to respect environmental standards, reducing the impact of their own production facilities and decreasing air emissions. The Company also carries out a large-scale upgrading of its existing production assets modernising them to match that of the world's best and providing better reliability and quality of the power supplied to consumers. Finally, the Net Zero strategy involves the employment of renewable energy to produce more than 98% of aluminium in the metals segment. Besides, operations of all production facilities comply with the requirements of ISO 14001, international standard of environmental management system. Due to such approach to preserving the environment in the regions of its presence, RUSAL, a representative of the Group's metals segment, was one of the first in the world to launch its brand of green aluminium, ALLOW. A minimum carbon footprint is recorded at all stages of its production.

LORD BARKER: WORK ACROSS THE BUSINESS

To conclude, Lord Barker declared: “Achieving our GHG reduction targets will require significant work across the business, unprecedented investment in major scientific advances such as our pioneering inert anode technology and critical industrial process improvements, as well as implementation of carbon neutralisation initiatives for the hardest 'last mile' emissions. With a strong track record of R&D, execution excellence, and process optimization, I am fully confident that across the Group we have the expertise, energy and commitment to achieve our targets.” Only Europe imported about 6 million tons of aluminum in 2019 and Rusal supplied about 1.3 million. The step that Barker still lacks is to facilitate the green metal trade. Import duties currently range from 3% for aluminium to 6% for alloys.

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