Hindalco allies with Xynteo paving the way for sustainable growth in the Indian aluminium sector

Hindalco, the world's largest aluminium rolling and recycling company, is partnering with Xynteo to host 'The Exchange,' a two-day event in New Delhi. This collaboration is geared towards bringing together key stakeholders from various sectors to strategise solutions for India's goals of equitable and sustainable development by 2030.

The event, titled 'India@2030 - Scaling Good Growth,' will feature prominent speakers like Amitabh Kant, G20 Sherpa for India, and Suman Bery, Vice Chairman of NITI Aayog. Dignitaries from diverse fields, including space exploration, technology, and business, will share insights on actionable approaches to overcome common challenges hindering sustainable development in India. The 'The Exchange' event will be hosted at the Manekshaw Centre, New Delhi, on February 15-16, 2024.

Satish Pai's Vision for India's Sustainable Future

The Managing Director of Hindalco Industries and chair of Vikaasa Executive Committee, Satish Pai, implied: "India is poised to be a beacon of equitable and sustainable growth in this decade. Building on this potential, we are thrilled to be with Xynteo in its mission of engaging leaders to support and accelerate this growth. Our partnership with The Exchange specifically reiterates our dedication to human well-being, environmental stewardship and economic empowerment in the nation."

"We are also proud members of Xynteo's Vikaasa coalition, a purpose-driven business alliance propelling India towards the UN Sustainable Development Goals. Since its inception in 2017, Vikaasa has explored over 100 projects and positively impacted over 1.5 million people. We aim to build impactful partnerships with stakeholders across sectors to advance our sustainability goals at the upcoming event," he added.

The Exchange: Fostering sustainable innovation

The Exchange aims to empower businesses for responsible and sustainable innovation through three key elements:

The Square: Featuring panel discussions, fireside chats, and speaker series with industry leaders, policymakers, investors, and change-makers.

Studios: Facilitating focused roundtable discussions on specific themes to drive actionable steps towards a people- and planet-positive future.

The Marketplace: Providing a platform for startups to showcase sustainable technologies and solutions.

Hindalco's commitment to sustainability

Hindalco Industries, along with its subsidiary Novelis, is the global leader in flat-rolled products and the world's largest recycler of aluminium. The company's commitment to driving sustainable development is evident in its global footprint of 52 manufacturing units across ten countries.

Recognition and awards: Setting industry standards

Hindalco was ranked as the most sustainable aluminium company globally in the Dow Jones Sustainability Indices from 2020 to 2022, demonstrating its commitment to environmental excellence. Winning the Energy Transition Change Maker award at COP28 further solidifies Hindalco's pioneering role in renewable energy initiatives for aluminium decarbonisation.

Sustainable working environment at Hindalco

The company's focus on sustainability is so ripe that it extends to its operational zones, fostering innovation and responsible practices. Hindalco's inclusion in Xynteo's Vikaasa coalition, impacting over 1.5 million people through 100 projects since 2017, highlights its active role in promoting sustainability.

Vipul Kumar, Xynteo's Senior Partner, asserted: "We view business as a co-creator, not a mere observer, in society's transition. Since its inception, The Exchange has been a platform for economic and social progress. We are honoured to convene global leaders, fostering a movement for change. The upcoming event will host a multi-stakeholder dialogue, propelling an Indian model of growth that sets global benchmarks beyond GDP, solidifying the country's position as a sustainability leader."

Hindalco's collaboration with Xynteo for 'The Exchange' signifies a pivotal moment for India's aluminium sector, propelling it towards sustainable growth. The recognition in Dow Jones Sustainability Indices cements Hindalco's position as an industry leader committed to environmental stewardship. The upcoming event promises to inspire meaningful discussions and innovative solutions, contributing to a greener and more equitable future.

If you wish to know more about international green initiatives in the aluminium industry, look at AL Circle's specially curated report on Sustainability in the Global Aluminium Industry.