Novelis boasts of achieving 63% recycled content in rolled aluminium in its FY2024 Sustainability Report

Novelis’ unwavering commitment to environmental, social, and governance goals is luminously reflected in the company’s sustainability report for the fiscal year 2024, published on October 22. The report showcases the company’s advancement in some of the key areas like employee safety, diversity, inclusion, and community engagement, besides highlighting remarkable achievements related to recycling, low-carbon footprint, and a circular economy.

The report features that strategic initiatives and investments by the company have resulted in a 27 per cent reduction in absolute carbon emissions (including scopes 1, 2 & 3) compared to FY2016 baseline. Novelis proudly recycled 2,300 tonnes of aluminium in FY2024, including 82 billion used beverage cans, and even accomplished integrating an average of 63 per cent recycled content in its aluminium rolled products – keeping recycling at the forefront of all action plans for sustainability.

"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."

Novelis also mentioned in its report that it reduced waste-to-landfill intensity by 8.8 per cent from the FY2020 baseline, donated $8.7 million to charitable causes, completed the allocation of $588 million in green bond funds, and invested in large-scale solar energy projects.

2030 sustainability goals through 3x30                                                              

With ambitious sustainability objectives by 2030, Novelis has recently designed an initiative “Novelis  3x30” upholding its strong vision to advancing aluminium as a material of choice for circular solutions and accelerating decarbonisation efforts. Under the initiative, the company has three broad goals –

1) Increasing recycled content in rolled products to 75 per cent;

2) Be a supplier of aluminium flat-rolled products with lowest carbon emissions at less than 3 tonnes of CO2e per tonne; and

3) To lead the industry toward circularity through first-mover investments

Already making moves

To fast-track the increase of recycled content, Novelis has entered into a three-year strategic agreement with TSR Recycling GmbH & Co. KG to source 75,000 tonnes of raw materials made from presorted and processed end-of-life aluminium products to feed into its low-carbon aluminium sheet for the automotive sector. This agreement directly supports the rising demand for recycled content aluminium.