Novelis Targets Carbon Neutrality by 2050, Sets Ambitious 2030 Benchmarks

Novelis

Novelis, a leading US-based aluminum roller and recycler, has laid out its roadmap for achieving carbon neutrality by 2050. The company’s recently released sustainability report outlines key decarbonization goals for 2030, focusing on reducing emissions and increasing the use of recycled aluminum.

Key 2030 Targets

• Recycled Content: Novelis aims to increase the average recycled content in its aluminum products to 75%, up from the current 63%.
• Emission Reduction: The company plans to limit Co2 emissions to less than 3 metric tons (t) per ton of flat-rolled aluminum shipped.
• Beverage Cans Innovation: Novelis is designing a single-alloy beverage can to achieve 90% recycled content in its beverage packaging sheets, up from approximately 80% today.

Progress on Emissions Reductions

Since its fiscal year 2016 baseline, Novelis has achieved a 27% reduction in scope 1, 2, and 3 emissions, cutting emissions from 20 million tons to 14.6 million tons in fiscal year 2024. This progress keeps the company on track to meet its interim goal of a 30% reduction by 2030.

A Leader in Sustainability

As the largest aluminum recycler in the world, Novelis’ efforts to integrate higher recycled content not only contribute to emissions reductions but also align with global sustainability trends. The company’s beverage packaging innovation demonstrates its commitment to reducing environmental impact in a key product category.

By focusing on reducing its carbon footprint and embracing circular practices, Novelis is positioning itself as a leader in the sustainable metals industry while advancing toward its long-term carbon neutrality goal.