En+ Group unveils Pathway to Net Zero Report detailing roadmap to achieve GHG emissions target

On Monday, September 20, En+ Group has unveiled its Pathway to Net Zero Report, providing comprehensive detail of initiatives that it is pursuing to achieve its climate goals announced in January 2021.

En+ Group, the world’s biggest producer of low carbon aluminium and independent hydropower, aims at becoming net zero by 2050 and reducing greenhouse gas emissions by at least 35 per cent by 2030. The report revealed today contains plan of action to meet these sector leading targets by reducing GHG emissions across the whole value chain in line with 1.5°C pathways. The goal is to achieve zero impact on the climate from its emissions.

The plan of action is meant for production facilities of both the Metals and Power segments.

Lord Barker, Executive Chairman of En+ Group, said: “In January we set sector-beating climate targets but credible targets need a credible action plan. Today we have made good our promise to come forward with a stretching and detailed route map to Net Zero. While this is only the start of the journey and our plan will necessarily be updated over time to reflect developments, we will always be guided by science-based targets and commit to openly reporting our progress.”

He added, “It is incumbent upon industry leaders like En+ to drive change. Our leadership will help transform supply chains and support a shift in mindset for consumers by offering them affordable and desirable sustainable choices. Therefore, I am delighted that getting greener is also making us more efficient, opening the way for innovative low-carbon products to become lower cost and more competitively priced for the end consumer. We cannot change the world in isolation - collaboration and partnerships are critical. En+ will continue to work with industry peers to promote transparency on carbon reporting and will support initiatives that will drive innovation and improve access to lower carbon metals.”

Vladimir Kiriukhin, CEO of En+ Group, said: “I am proud to present our net zero pathway, which is built on very strong foundations. As a business, we have the capability and the experience to produce a detailed plan that we are confident will allow us to meet our demanding GHG reduction targets. This is real testament to the significant work of the Group over many years to make our business both highly efficient and highly responsible. With more than 98% of our aluminium already made using hydropower, breakthrough technologies, such as our inert anode smelting process, will be critical to moving En+ to the next level of GHG reduction, and we benefit from a strong heritage in innovation leadership in our sector. The mission to fight climate change is a global priority which unites our employees across all regions of Group’s business. We are motivated to help the aluminium industry drive meaningful change, and I look forward to keeping our stakeholders updated on Group’s progress in the years to come.”