The International Aluminium Institute (IAI) has launched an initiative to track the progress of greenhouse gas (GHG) emissions reductions among its member companies, it said this week.
The initiative was announced at the Cop 28 UN climate summit taking place in Dubai. It was backed by signatories including aluminium producers Alcoa, Hydro, Aluminium Bahrain, Emirates Global Aluminium, Rio Tinto, Rusal, Hindalco Industries and South32.
Under the initiative, the IAI will track and report its member companies' "ambition and progress in greenhouse gas emission reductions" and publicly report the aluminium industry's total global GHG emissions each year.
By the end of next year, the IAI will define a long-term emissions reduction target for the industry, likely to be net zero emissions by 2050 but also to include a milestone target by 2030, and outline a plan to achieve this target through investment in new equipment and technologies. It will disclose the annual progress made towards these goals by all of its members' facilities using current IAI transparency guidelines.
The new initiative will complement a slate of other IAI programmes aimed at helping the aluminium industry achieve global emissions reduction targets, including the Aluminium Sector Greenhouse Gas Pathways to 2050 report from 2021 and the Aluminium Forward 2030 coalition announced earlier this year.
"The aluminium industry is committed to rapidly reducing greenhouse gas emissions and acknowledges that investment and action is required to achieve global goals," IAI secretary general Miles Prosser said in a statement. "The IAI has consistently managed programmes to foster collaboration and action on sustainability, and this initiative will drive ambition and action to decarbonise aluminium supply chains."
