Our Sustainability Update is informed by GRI Standards and we also disclose in the Carbon Disclosure Project (CDP). Our 2021 Sustainability Update incorporates a complete set of TCFD disclosures which complements our “net zero by 2050” statement and accompanying decarbonisation strategy.
View Alumina Limited’s Climate Change Position Statement and Net Zero Statement below.
Alumina Limited (Alumina) accepts the Intergovernmental Panel on Climate Change (IPCC) assessment of climate change science that warming of the climate is occurring, with clear human influence and unavoidable physical impacts. Alumina acknowledges the physical impact of climate change such as decreased rainfall water scarcity and rising seal levels; with economic and regulatory risks to business due to the transition to a low carbon economy.
Alcoa World Alumina and Chemicals (AWAC) is a global bauxite and alumina business that is a joint venture between Alumina Limited, non-operator (40% owned) and Alcoa Corporation, manager/operator (60% owned). AWAC is committed to reducing the amount of energy it consumes through operations efficiency and technological advances, all of which lowers its energy costs and reduces its green house gas (GHG) emissions.
Alumina expects to see growth in demand for aluminium for uses such as more energy-efficient buildings; fuel-efficient vehicles; and sustainable food and beverage packaging.
To further support AWAC, Alumina will:
Alumina Limited will, through working with the AWAC joint venture, strive for AWAC to reduce its direct and indirect emissions (Scope 1 and 2) by 45% by 2030 (from a 2010 baseline), and to net zero by 2050.
AWAC’s ability to reach net zero is contingent on certain factors, including: