Krasnoyarsk, 20 December 2022 – The Board of RUSAL, a leading global aluminium producer, approved the updated Climate Strategy until 2032 with a perspective up to 2050.

The updated Climate Strategy was adopted at the RUSAL Board of Directors meeting held in Krasnoyarsk. The Strategy comprises two scenarios - basic and intensive, defining a strict framework for achieving the Company’s decarbonization goals.

Under the most conservative baseline scenario, RUSAL intends to reduce greenhouse gas emissions intensity per ton of metal from all production facilities (Scope 1, Scope 2 – direct and indirect energy emissions) by at least 25% by 2032, and by at least 47% by 2050, compared to 2018, excluding the effect from carbon emissions neutralization projects.

The company plans to achieve the goals set in the strategy by introducing advanced electrolysis technologies, improving energy efficiency at all production stages, transferring its enterprises to carbon-free energy sources, and introducing the principles of a circular economy (expanding the use of aluminium scrap).

“It is important that all the targets announced in our Climate Strategy are related to technological decarbonization projects, including one of RUSAL’s key projects – the ecological modernization of the largest Siberian aluminium smelters, which is important not only for a fundamental improvement in quality life in the cities of the Company's responsibility, but also as our contribution to the fight against global climate change," noted Evgenii Nikitin, General Director of RUSAL.