Gränges recognised as one of Europe's Climate Leaders 2024

The global leader in aluminium rolling and recycling, Gränges has once again secured its position as one of Europe’s Climate Leaders, as acknowledged by the Financial Times. This prestigious recognition underscores the company's commitment to substantial reduction of greenhouse gas emissions and its dedication to transparent sustainability reporting practices.

Scientists warn of intensified weather phenomena due to a warming planet: storms, floods, droughts, and fires. Alongside these environmental challenges, Europe's businesses and policymakers grapple with increasingly stringent regulations aimed at mitigating climate change.

Through the EU's Green Deal initiative, which seeks to position Europe as the world's inaugural climate-neutral continent, companies find themselves navigating a landscape of heightened carbon pricing, more stringent sustainability objectives, and expanded reporting obligations. Industry associations have raised concerns about diminished competitiveness, while protests, such as this year's farmer demonstrations, have prompted the European Commission to soften certain green initiatives.

Europe's Climate Leaders list recognises European companies that have made significant strides in reducing their core emissions intensity (scope 1 and 2) relative to revenue between 2017 and 2022. These companies also showcase a dedication to transparency by reporting on scope 3 emissions and actively engaging in sustainability initiatives like CDP and SBTi, alongside fostering collaborations and making further commitments to sustainability.

Sofia Hedevåg, the SVP of Sustainability at Gränges, said, “Receiving this recognition from the Financial Times again not only confirms our ambitious sustainability goals but also recognizes the tangible results we have achieved in reducing our climate impact.” 

“It is a testament to our systematic efforts to raise transparency and traceability, which drive change and make Gränges a trusted partner for our customers and other stakeholders.”

Significant achievements include

• Ambitious climate goals: Gränges is on track to achieve net-zero emissions by 2040, with near-term goals set for 2030. The SBTi validated these goals in 2023, aligning with the 1.5-degree scenario of the Paris Agreement. 
• Proven decarbonisation results: Gränges reduced its total carbon intensity (Scope 1+2+3) by 30 per cent on a rolling 12-month basis in Q1 2024 compared to 2017, reaching its 2025 climate goals ahead of the target horizon. 
• High transparency and rating: Gränges was awarded a Leadership score (A-) in CDP’s environmental disclosure ranking for 2023 and received the EcoVadis Platinum rating for the third consecutive time at the beginning of 2024. 

Sustainability transparency milestones 

• Started to report its Scope 3 emissions in 2017. 
• Certified the first rolling and recycling site against ASI’s sustainability standards in 2019 and reached the goal of having all accredited sites in 2023. 
• Launched the first third-party verified product carbon footprints in 2020 and reached the goal of having 100 per cent third-party verified products in 2023. 
• Committed to the SBTi and launched new 2030 and 2040 sustainability goals in 2022, which were validated by the SBTi in 2023. 

Gränges stays dedicated to its sustainability agenda, emphasising the development of circular and eco-friendly aluminium solutions while aiding customers in their sustainability and decarbonisation endeavours.

Gain deeper insights into sustainability within the aluminium industry and discover the sector's concerted efforts to decarbonise metal production across its entire value chain. Access AL Circle's industry-focused report, "Sustainability in the Global Aluminium Industry," for comprehensive information on these crucial developments.