EN+ Group has published its Pathway to Net Zero Report, which provides details of the the initiatives being undertaken across the En+ Group to achieve climate targets announced in January of this year.
In January of this year, the Group announced its ambition to become net zero by 2050 and to reduce greenhouse gas (GHG) emissions by at least 35% by 2030. The plans set out in the report aims to meet these sector leading targets by reducing GHG emissions across the whole value chain in line with 1.5°C pathways. By 2050, the company aims for its activities within the Group’s value chain to have no net impact on the climate from GHG emissions. The targets cover GHG emissions that are under our direct control (Scope 1) and indirect GHG emissions related to energy generation (Scope 2) in accordance with the GHG Protocol Corporate Standard.
Lord Barker, Executive Chairman of En+ Group, said:
“In January we set sector-beating climate targets but credible targets need a credible action plan. Today we have made good our promise to come forward with a stretching and detailed route map to Net Zero. While this is only the start of the journey and our plan will necessarily be updated over time to reflect developments, we will always be guided by science-based targets and commit to openly reporting our progress. It is incumbent upon industry leaders like En+ to drive change. Our leadership will help transform supply chains and support a shift in mindset for consumers by offering them affordable and desirable sustainable choices. Therefore, I am delighted that getting greener is also making us more efficient, opening the way for innovative low-carbon products to become lower cost and more competitively priced for the end consumer.”Lord Barker, Executive Chairman of En+ Group
Vladimir Kiriukhin, CEO of En+ Group, added:
“I am proud to present our net zero pathway, which is built on very strong foundations. As a business, we have the capability and the experience to produce a detailed plan that we are confident will allow us to meet our demanding GHG reduction targets. This is real testament to the significant work of the Group over many years to make our business both highly efficient and highly responsible. With more than 98% of our aluminium already made using hydropower, breakthrough technologies, such as our inert anode smelting process, will be critical to moving En+ to the next level of GHG reduction, and we benefit from a strong heritage in innovation leadership in our sector. The mission to fight climate change is a global priority which unites our employees across all regions of Group’s business. We are motivated to help the aluminium industry drive meaningful change, and I look forward to keeping our stakeholders updated on Group’s progress in the years to come.”Vladimir Kiriukhin, CEO of En+ Group
The Group announced it intends to implement technologies to prevent the release of GHGs into the atmosphere by reducing or eliminating sources of emissions associated with all of the Group’s operations, products and value chain including by:
- Committing to the groups ‘New Energy modernisation programme’ which aims to improve efficiencies
- Building new plants or modernising as part of this new investment programme
- Covering recycling, shipping, use of solar power and hydrogen, nature-based solutions and carbon capture.
- Collaborating with organisations across the globe to decarbonise its ‘hard-to-abate’ industry supply chain.
Taken together, these measures, the group claims, will allow the reduction of the absolute GHG emissions by at least 60% from current levels by 2050.
The Group has announced its commitment to the highest levels of transparency and will regularly report on progress.
Lord Barker, Executive Chairman of En+ Group, concluded,
“We cannot change the world in isolation - collaboration and partnerships are critical. En+ will continue to work with industry peers to promote transparency on carbon reporting and will support initiatives that will drive innovation and improve access to lower carbon metals. Sustainable businesses the world over need access to low-carbon aluminium. We simply can’t build a low-carbon economy without this vital green metal. Now more than ever, aluminium is the material of the future.”Lord Barker, Executive Chairman of En+ Group
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