Novelis Inc.

Novelis Inc., headquartered in the US and operating in the other non-ferrous metal products industry, has set ambitious climate commitments, including achieving net carbon neutrality by 2050. The company has also committed to a 30% reduction in CO2 emissions by 2026.

In terms of emissions, for the reporting year 2022, Novelis reported a total of approximately 20.4 billion kg CO2e. This figure comprises approximately 1.4 billion kg CO2e from Scope 1, approximately 898 million kg CO2e from Scope 2, and approximately 18.1 billion kg CO2e from Scope 3 emissions. Some data points for Scope 3, specifically purchased goods and services, were noted as missing for this period.

Earlier reported data includes figures for 2016, where total emissions were approximately 50.4 billion kg CO2e, with Scope 1, Scope 2, and Scope 3 each estimated at approximately 16.9 billion kg CO2e. It is important to note that for 2020 and several years prior (2009, 2013, 2014, 2015), detailed emissions data in kg CO2e was not disclosed, though some production emission factors were referenced.

Novelis' climate initiatives are cascaded from its parent company, Hindalco Industries Limited, with SBTi and RTZ targets originating from this relationship.