CRU Group (‘CRU’) has signed a Memorandum of Understanding (MoU) to support the Aluminium Stewardship Initiative’s (‘ASI’) goal towards sustainable data transparency to present stakeholders of the aluminium industry reliable, trust-worthy data.
With CRU’s knowledge of the mine to smelter progression of the aluminium industry and the ASI’s certification standards for performance and chain of custody, the two associations have announced an online partnership for sustainability data throughout the aluminium value chain. With the aim of increasing transparency among all stakeholders; Lavan Mahadeva, Research Director at CRU Group said,
“One tonne of metal looks much like another, but their impact on sustainability might be quite different… We want our clients to benefit from a system that seamlessly integrates information CRU provides on asset-based emissions with metrics on ASI’s Performance and Chain of Custody Standards. The easier we make it for customers and investors to access and reconcile different types of sustainability information, the better will be their engagement with producers.”
Lavan Mahadeva, Research Director at CRU Group
Fiona Solomon, CEO at ASI added,
“Availability of comparable information on sustainability issues is a critical foundation for responsible sourcing. CRU’s Emissions Analysis Tool enhances GHG emissions transparency, while ASI Certification provides recognisable assurance for responsible production and sourcing of aluminium across a broad set of topics. The integration of published information on ASI Certification status into the CRU Tool at an asset level provides a wider picture of an entity’s sustainability efforts.”
Fiona Solomon, CEO at ASI
She continued,
“We anticipate this additional layer of data in the tool will increase stakeholders’ understanding of sustainability efforts in the primary aluminium industry, allow comparability across the sector and along supply chains, and clearly map improvements over time.”
Fiona Solomon, CEO at ASI
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