The Science Based Targets initiative (SBTi) was launched in 2015 to support companies in their efforts to reduce greenhouse gas emissions in line with the latest climate science and avoid the dangerous consequences of climate change. Of the more than 600 companies that have either set or committed to set science-based targets (SBTs), not one is from the aluminum sector.
The aluminum sector has an important role to play in the transition to a low-carbon economy. Yet, companies in the sector face a number of challenges in setting SBTs.
In 2019, the SBTi launched a project to lay a foundation for the development of tools and guidance to enable aluminum sector companies to set SBTs. World Resources Institute (WRI) is the managing SBTi partner, working in collaboration with the International Aluminium Institute. WRI will engage sector experts to identify the challenges and opportunities to setting and achieving SBTs and options for next-generation resources.
Financial support for this project is being provided by the Alcoa Foundation.
The current phase of this project is focused on identifying challenges for aluminum sector companies to apply the Sectoral Decarbonization Approach (SDA) and possible alternatives to the IEA pathway, and recommending specific tools and guidance for aluminum sector companies to set SBTs. Through October 2019, the SBTi will host two workshops and one survey to gather feedback from companies and other stakeholders.
Highlights of the project development process to date:
March 2019: A workshop was hosted at the TMS 2019 Annual Meeting & Exhibition in San Antonio, Texas.
September 2019: In collaboration with the Aluminum Stewardship Initiative, on September 27, WRI will host a workshop in Cambridge, UK to explore share and gather feedback on a revised GHG reduction pathway for the aluminum sector, discuss how to apply this revised pathway to the ASI carbon standard and other benchmarks, and explore how the sector can collaborate to drive emissions reductions in line with the new pathway. To indicate your interest in attending this workshop, please email [email protected].