RUSAL Endorses 2035 Sustainability Plan
RUSAL's Board, a top-tier aluminium manufacturer, has given the green light to the 2035 Sustainability Strategy.
The plan sets an ambitious objective to make sustainability accessible throughout the aluminium value chain. By pursuing the "decoupling effect," RUSAL intends to establish a fresh category of assets in the non-ferrous metals industry geared towards fulfilling low-carbon and circular economy requirements.
These assets would be future-ready, poised to go carbon-neutral by 2050 and rely on adaptive, fair, secure, and inclusive value chains as well as advanced technological solutions. Furthermore, the company aims to maintain a reasonable balance between primary and secondary material resources.
Evgenii Nikitin, RUSAL's General Director, explains that the long-term strategic plan aims to transform the aluminium industry into a pillar of the future economy, making sustainable products accessible to today's and tomorrow's consumers. To achieve this goal, the company will pursue 12 priority ESG-transformation projects that are well-balanced and focused on building a sustainable sourcing base and creating a long-term competitive edge.
These projects include:
Six initiatives focused on environmental sustainability and transitioning to a greener business and sustainable products. These include Low Carbon Aluminium, Air Quality Normalcy, Circularity of Post-Production and Post-Consumer Materials, Circular Water in Key Production Processes, Safe Operation of Red Mud Disposal Sites and Other Waste Disposal Sites, and Biodiversity Conservation and Ecosystem Services.
Three projects are geared towards social sustainability, with a focus on improving the workplace and living standards in the cities where the company operates. These initiatives include Safe Workplace, Future Workplace, and Sustainable Communities.
Three projects focused on economic sustainability and corporate governance support the sustainable sourcing of raw materials, finished goods, and services. These include Data-Driven Decisions behind Sustainability, ESG Maturity Assessment of Suppliers, and Recognition of ESG Leadership in Top Ratings.
The strategy places special emphasis on the corporate governance system that underpins the ESG transformation, including the roles and responsibilities of the Board, Executive Team, business divisions, and departments, in coordination with a project office established within the Sustainability Directorate.
To ensure the timely delivery of priority projects, all initiatives, drafts of corporate codes and policies, and functional strategies are reviewed by the Public Expert Council on Sustainability, which was established at the end of 2022. This council is composed of representatives from NGOs, academia, and opinion leaders at both the national level and the level of the cities and territories where RUSAL operates.
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Source: Media Outreach