Novelis releases 2024 sustainability report

Novelis Inc., Atlanta, has released its sustainability report for the 2024 fiscal year, beginning April 1, 2023, and ending March 31, 2024. The report features the company’s progress toward its sustainability goals, which include environmental metrics, employee safety, diversity and inclusion and community engagement.

According to the report, Novelis achieved a 27 percent reduction in absolute carbon emissions from its 2016 baseline in 2024, which includes scopes 1, 2 and 3. The company also achieved an average of 63 percent recycled content in its aluminum rolled product in 2024, recycling more than 2,300 kilotons (approximately 2.5 million tons) of aluminum, including 82 billion used beverage cans.

“I am incredibly proud of the FY24 results and our progress toward our goal of becoming carbon neutral by 2050,” Novelis President and CEO Steve Fisher says. “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.”

The report highlights other achievements, including:

• Decreasing carbon emissions intensity by 28 percent from the 2016 baseline;
• Reducing waste-to-landfill intensity by 8.8 percent from the 2020 baseline;
• Donating $8.7 million to charitable causes;
• Completing the allocation of $588 million in green bond funds; and
• Completing three large-scale solar energy investments.

As previously reported by Recycling Today, Novelis recently announced Novelis 3x30, an initiative that sets carbon-related sustainability goals and identifies ways to accelerate the company’s decarbonization and circularity efforts.

Under 3x30, Novelis aims to achieve three objectives by the end of 2030:

• Achieve 75 percent average recycled content in its products;
• Become the lowest-emissions flat-rolled aluminum products provider at less than 3 metric tons of CO2e per metric ton of flat rolled product (FRP) shipped; and
• Continue to promote circularity through investments.

Read more about Novelis’ 2024 sustainability report here.