HINDALCO IS ONCE AGAIN THE MOST SUSTAINABLE ALUMINUM COMPANY IN THE WORLD.

Hindalco Industries Limited, the metals flagship of Aditya Birla Group, has achieved the No. 1 ranking in the aluminum industry for its sustainability performance in the 2021 edition of the S&P Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment (CSA) rankings.

Hindalco is the only aluminum company to enter the exclusive DJSI World Index last year and retains its membership in the DJSI Emerging Markets Index. The DJSI World Index comprises the top 10% of the 2,500 largest companies by market capitalization in the S&P Global Broad Market Index based on long-term economic and ESG factors.

The only aluminum company in the prestigious DJSI World Index 2021. Dow Jones Sustainability Indices is the world’s leading provider of ratings that assess publicly traded companies based on environmental, social and governance (ESG) criteria. Only the most sustainable companies in each industry are considered for inclusion in the list.

This is the second consecutive year that this major company has ranked at the top of the DJSI indices, having achieved a score of 73 percentage points against an industry average score of 30. It achieves an overall score of 73% compared to the global industry average of 30%.

For Satish Pai, managing director of Hindalco Industries Ltd, “DJSI’s continued recognition validates Hindalco’s pioneering work and ongoing efforts to integrate sustainability into the entire aluminum manufacturing chain, from mining to final products. This distinction carries forward the idea of aluminum as a ‘green’ metal. Along with a sustained focus on decarbonization, ‘green’ is about managing waste, zero liquid discharge, life cycle impact, biodiversity and more. Our listing in DJSI is a testament to the effectiveness of our holistic approach and reinforces our commitment to our motto of people, planet and prosperity.”

Specifically, Hindalco achieved the 100th percentile in most aspects of the 3 environmental, social and governance (ESG) dimensions, including climate strategy, environmental and social reporting, water-related risks, as well as in eco-efficiency operational parameters such as waste management and resource consumption, cybersecurity, community engagement as well as employee development.

Hindalco is leading the way in terms of red mud utilization in the aluminum industry, with 100 percent utilization at three of its alumina refineries in FY21, primarily through the establishment of high-volume supply contracts with cement industries across India.

Hindalco has been able to record a 48 percent reduction in specific freshwater withdrawal by focusing on zero liquid discharge, increased water recycling and efficient water use. It has also developed a Sustainable Mining Charter together with sustainability advisory partner Xynteo, focusing on environmental best practices in water and biodiversity, livelihoods and community health.

Precisely, aluminum is infinitely recyclable and Hindalco has been working steadily to increase the use of recycled aluminum in its global operations through its subsidiary, Novelis. In fact, increasing its presence in downstream aluminum products and the use of recycled aluminum is an important lever in Hindalco’s decarbonization strategy.

Aluminum recycling requires only five percent of the energy used to produce primary aluminum with only five percent of the associated greenhouse gases. By fiscal 2021, the recycled content in Novelis’ products increased to 61 percent. Finally, Hindalco aims to become carbon neutral by 2050 through a combination of cleaner energy transition and product stewardship.