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PRESS RELEASE

ASI certifies Cromodora Wheels against Performance Standard V3.1

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Cromodora Wheels has achieved ASI Performance Standard V3.1 (2023) with a focus on Material Stewardship for the design, manufacturing and distribution of light alloy wheels at their facility in Brescia, Italy.

ASI certification

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Aluminium Stewardship Initiative (ASI) today announced that Cromodora Wheels S.p.A (Italy) has been certified against the ASI Performance Standard V3.1 (2023). The Entity designs, produces and distributes light alloy wheels through processes including melting, casting, flow forming, heat treatment, machining, painting and final inspection. in 2024, the facility produced close to 1.5 million wheels for the automotive sector.

The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The ASI Performance Standard V3 (2022) was launched in May 2022 following a multi-year revision process. It defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance – with the aim to address pressing sustainability issues in the aluminium value chain, such as biodiversity, Indigenous Peoples’ rights, circularity, and greenhouse gas emissions.

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The 2022 Standards and related documents underwent a minor update in 2023, accounting for editorial changes, correction of minor errors and for general clarification, culminating in the release of Performance Standard V3.1 (2023) and Chain of Custody Standard V2.1 (2023). The Material Stewardship Certification is in a transition phase from the PS V2 (2017) to the PS V3 (2022) Standard, such that the first Certification cycle under the 2022 Standard will be against applicable criteria of at least Principles 1-4. These same Facilities will be required to demonstrate Conformance to all 11 Principles within 5 years after the launch of the V3 (2022) Standard.

The independent, third-party audit of Cromodora Wheels S.p.A (Italy) was carried out by TÜV Rheinland Cert GmbH. A full listing of audit findings is available in the summary audit reports, linked below. No non-conformances were identified during the Performance Standard Certification audit.

Also Read: Novelis scales sustainability strategy in FY25, targeting 75% recycled content by 2030

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