Novelis demonstrates progress toward sustainability goals
Credit: Novelis
Novelis, a leading sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling, issued its sustainability report for the 2024 fiscal year (1 April 2023, to 31 March 2024). The report features the company’s progress toward its sustainability goals, which include key environmental metrics, employee safety, diversity and inclusion, and community engagement.
Novelis achieved a 27% reduction in absolute carbon emissions from its FY2016 baseline in FY2024 (includes scopes 1, 2 & 3). The company also achieved an average of 63% recycled content in its aluminium rolled product in FY2024, recycling more than 2,300 kt of aluminium, including 82 billion used beverage cans. The company believes these achievements place Novelis at the forefront of the aluminium recycling industry.
“I am incredibly proud of the FY24 results and our progress toward our goal of becoming carbon neutral by 2050,” said Steve Fisher, president and chief executive officer, Novelis Inc. “The progress we have achieved is the result of innovative approaches and technologies, strong relationships with our customers, and the brilliant and inspiring work of our employees. Every day, we make tremendous efforts toward delivering on our Purpose of Shaping a Sustainable World Together.”
In addition to the accomplishments in absolute carbon reduction and average recycled content, the report highlights other achievements, including:
- Decreasing carbon emissions intensity by 28% from the FY2016 baseline
- Reducing waste-to-landfill intensity by 8.8% from the FY2020 baseline
- Donating $8.7 million to charitable causes
- Completing the allocation of $588 million in green bond funds
- Completing three, large-scale solar energy investments
To accelerate its sustainability efforts, the company recently announced Novelis 3×30, a company-wide vision to advance aluminium as the material of choice for circular solutions and accelerate the company’s decarbonisation and circularity efforts. Under 3×30, Novelis aims to achieve three ambitious objectives by the end of 2030:
- Achieve 75% average recycled content in its products;
- Be the lowest-emissions, flat-rolled aluminium products provider at less than 3 tonnes of CO2e per tonne of flat rolled product (FRP) shipped; and
- Continue to lead the industry toward circularity through first-mover investments.
