Sustainability weekly recap: VALCO’s "Unite, Act, Deliver" commitment inspires sustainability in the aluminium industry at COP28

Aluminium is the second most commonly used metal after steel in modern societies, and due to its versatile properties, it has seen a significant increase in use in transportation, building, packaging, and electrical engineering in recent decades. In the ongoing global effort to combat climate change, COP28 has emerged as a pivotal moment, marked by significant commitments towards a sustainable future. In this initiative, many prominent companies like Hydro and Vedanta have actively participated, highlighting the importance of aluminium and how they do their bit to promote a sustainable environment.

To minimise global greenhouse gas emissions, the Volta Aluminium Company (VALCO) in Tema, Ghana, is making significant efforts towards sustainable manufacturing. The firm has thoroughly approached its smelting process, emphasising resource utilisation and minimising environmental effects. Vedanta Aluminium, in line with the guiding principles of COP28, "Unite, Act, and Deliver, is committed to building a future driven by sustainable solutions via innovation, cooperation, and technology. RMI launched the Sustainable Aluminium Finance Framework, a game-changing climate-aligned finance module for the aluminium industry, during the COP28 meeting in Dubai, UAE. The approach intends to help banks connect their funding choices with decarbonisation goals.

During the 28th United Nations Framework Convention on Climate Change (COP28), VALCO's Environmental Manager, Edward Arthur, and the Environmental Control Officer, Edgard Tetteh, shared their insights on the company's efforts to promote sustainable production. Their commitment to the theme "Unite, Act, Deliver" is commendable and sets an excellent example for other companies to follow.

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Vedanta Aluminium seized this opportunity to spotlight the vast potential of aluminium in driving decarbonisation and spearheading the global energy transition. The company also underscored its commitment to this cause through impactful initiatives addressing crucial material issues.

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At the COP28 conference in Dubai, UAE, RMI unveiled the Sustainable Aluminium Finance Framework, which is a game-changing climate-aligned financial module for the aluminium sector. The framework is designed to assist banks in aligning their financing decisions with their own decarbonisation targets.

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Energy Transition Changemakers is an initiative led by the COP28 UAE Presidency that seeks to promote cooperation among private sector entities in implementing innovative and internationally scalable solutions to reduce carbon emissions.

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On Saturday, December 2, Norsk Hydro and Volvo Group announced from the COP28 platform that they entered a strategic partnership to support each other’s journey towards zero emission value chains. They signed the partnership agreement under the World Economic Forum’s First Movers Coalition. 

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Germany is extremely active on topics regarding green energy production or the transition to renewable energy. Olaf Scholz, who replaced Angela Merkel in becoming the German Chancellor, on December 1, declared the introduction of a global club to aid interested nations to invest in and develop green energy solutions for heavy industries like steel, cement, and aluminium.

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The World Economic Forum (WEF) released its Net Zero Industry Tracker 2023, the report's second edition. The report holds significant implications for the aluminium industry, particularly its efforts to achieve sustainability and reduce emissions. 

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Yunnan Aluminium Co., Ltd. and Volvo Cars (Asia-Pacific) Investment Holding Co., Ltd. have reportedly inked a memorandum of cooperation on the sustainable aluminium value chain.

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V Global Manufacturing Limited's facility in Dehua County, Fujian Province, China, received ASI Performance Standard V3 (2022) and Chain of Custody (CoC) Standard V2 (2022) Certification for the production of aluminium alloy building profiles, industrial aluminium alloy extrusion profiles, aluminium alloy doors and windows, and curtain wall components.

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In an interview, Tajikistan Ambassador to Korea Salohiddin Kirom advocated for a strategic partnership between South Korea and Tajikistan. Tajikistan's "Green Economy Development Strategy 2023-2037" aims to optimise natural resource use, enact regulatory reforms, attract investments, introduce modern technologies, boost global collaboration in the green economy, and double renewable energy production by 2050.

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On December 7, the International Aluminium Institute (IAI), a global body that represents the world's leading producers of aluminium, announced a new initiative aimed at tracking and reporting on its member companies' progress in reducing greenhouse gas emissions. This move is being launched at the United Nations Climate Change Conference (COP28) in Dubai.

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Leading automobile and aerospace companies like Tesla, General Motors and Boeing are increasingly incorporating Climate TRACE systems that use satellites, machine learning and other observatory paradigms to decarbonise their international supply chain.

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