Novelis Inc., a sustainable aluminum solutions provider and leader in aluminum rolling and recycling, announced its new sustainability initiative to advance aluminum as the material of choice for circular solutions. With Novelis 3×30 the company aims to set ambitious, carbon-related sustainability goals and identify priorities to accelerate the company’s decarbonization and circularity efforts.
“Novelis 3×30 is our roadmap to going further, faster in our efforts to decarbonize our products and increase the circularity of aluminum,” said Steve Fisher, president and chief executive officer, Novelis Inc. “Novelis has long been a sustainability leader in our industry, but we need to accelerate our progress and help our customers achieve their own goals for decarbonization in a shorter timeframe. We are committed to innovating and implementing solutions that significantly decarbonize aluminum and make it the material of choice for the circular economy.”
Growing consumer preference for sustainable products is driving increased demand for lower-carbon solutions, including the adoption of aluminum in the automotive; beverage, food and cosmetics packaging; building and construction; and aerospace industries, among others. The company believes the 3×30 vision will enable the company to help its customers achieve their sustainability goals faster by focusing on three objectives to reach by the end of 2030:
- Pushing the boundaries on recycled content in its products by increasing its average recycled content to 75 percent, from today’s 63 percent.
- Becoming the lowest-emissions, flat-rolled products aluminum provider at less than 3 tonnes of CO2e per tonne of flat rolled product (FRP) shipped.
- Continuing first-mover investments to lead the industry to circularity.
Novelis 3×30 builds on the company’s previous sustainability achievements, including a 10 percentage points increase in its recycled content and 27 percent reduction in carbon emissions in fiscal year (FY) 2024 from its FY16 baseline.