03.11.2021

RUSAL attends the COP26 global climate summit

Moscow, November 3, 2021 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading aluminium producer, is attending the 26th UN Climate Change Conference, which is taking place in Glasgow (UK).

Within the framework of COP26, RUSAL will discuss ways to decarbonize the aluminium industry. Business representatives and expert organizations will discuss the risks and opportunities faced by the aluminium industry in the pursuit of zero greenhouse gas emissions (Net Zero), as well as the possibility of overcoming technological barriers, which currently prevent further decarbonization of the initial stages of the primary aluminium production and supply chain. These include bauxite mining, alumina production and metal electrolysis. The experts will also discuss the role of aluminium in the decarbonization of the global economy.

These issues are due to be raised at panel discussions organized by En+ Group, with the support of the Climate Partnership of Russia in the Pavilion of the Russian Federation (November 3) and the International Aluminium Institute (IAI) - “Aluminium Greenhouse Gas Pathways to 2050” (November 4).

Global aluminium demand could grow more than 50% by 2050, and the industry is looking for ways to reduce its environmental impact. RUSAL has been leading this transformational process. Since the company was founded, the principles of corporate social responsibility and the promotion of a green and low-carbon economy have been at the heart of RUSAL's strategy.

More than 98% of the electricity required for aluminium production at RUSAL comes from renewable sources, and the use of innovative, energy-saving technologies helps to reduce greenhouse gas emissions at all stages of production.

RUSAL was among the pioneers in the production of a more sustainable metal, demonstrated by the ALLOW brand. It is a low-carbon footprint aluminium produced using hydropower. The carbon footprint of ALLOW does not exceed 4 tons of CO2 equivalent per ton of production, which is 5 times lower than the global average (Scope 1 and 2).

“Today, the carbon footprint of RUSAL's products is already one of the lowest in the global aluminium industry. Choosing aluminium from the ALLOW brand presents an opportunity for many producers to achieve their own decarbonization goals. However, we are not resting on our laurels and, as we are striving for climate neutrality by 2050, we have set ourselves new and ambitious targets. The targets are driven by sufficiently capital-intensive research, development and implementation of new, breakthrough technologies,” said Irina Bakhtina, Director for Sustainable Development at RUSAL.

In 2002 RUSAL, at the initiative of its founder Oleg Deripaska, was one of the first in Russia to join the United Nations Global Compact and committed to adhere to the principles in its work, including those aimed at environmental protection. In 2015, RUSAL committed itself to disclosing information on greenhouse gas emissions by joining the international Carbon Disclosure Project (CDP) initiative, and also launched the Climate Partnership of Russia. Additionally, RUSAL joined the UN Global Compact Criteria for Business Leadership in Carbon Pricing in 2018. The company also regularly participates in the annual UN climate conferences, is an active member of the Carbon Pricing Leadership Coalition (CPLC).
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