A strong commitment to sustainability

By managing its business in a sustainable and responsible way, Gränges strengthens its long-term competitiveness and creates financial and operational value throughout the life-cycle of aluminium. Sustainable business value is achieved by integrating sustainability into the company’s core business and strategy.

Contributing to a more sustainable and circular economy

Sustainability is a natural part of Gränges’ core business and strategy. It helps to increase the company’s long-term competitiveness and aims to create lasting value for Gränges and its stakeholders. With the global push for sustainable development and the transformation into a more circular and resource-efficient economy, Gränges’ customers are increasingly recognizing the importance of using sustainable materials.

Aluminium is often called “the green metal” or “the metal of the future” thanks to its properties such as lightness, durability and infinite recyclability. Gränges works to leverage these unique properties in designing and manufacturing sustainable product offerings which can improve resource efficiency and climate performance along the value chain. Customer and end-user benefits include enhanced fuel and energy efficient vehicles and more energy efficient buildings.

Structured sustainability approach

Gränges has a structured approach to integrate sustainability into its business and value chain. The aim is to reduce undesired impacts of the company’s operations and at the same time enforce positive contributions and opportunities that emerge from integrating sustainability aspects into the business.

The company’s group-wide sustainability framework and accompanying 2025 targets is structured into five pillars, each governed by one member of Group Management who coordinates and facilitates the implementation of global priorities.

Sustainability commitments and initiatives

Gränges is a signatory to the UN Global Compact since October 2016 and undertakes to fulfil the principles relating to human rights, labour, environment, and anti-corruption. The principles also form the foundation of the company’s Code of Conduct and Supplier Code of Conduct.

The company is also committed to helping fulfil the 2030 Agenda and Sustainable Development Goals (SDGs). Gränges has identified those Sustainable Development Goals (SDGs) that are most relevant for its business and where the company has its largest impacts and contributions.

Industry collaboration is a crucial enabler to value creation throughout the life-cycle of aluminium. Gränges participates in various industry initiatives to ensure that aluminium is mined, produced and used sustainably, and to drive change where it has the highest value chain impact.

Aluminium stewardship initiative

One key industry initiative is the Aluminium Stewardship Initiative (ASI), a global non-profit organization which defines global standards for sustainability performance and chain-of-custody in the aluminium value chain. Gränges has been a member of ASI since 2019. Gränges’ plant in Shanghai achieved certification against ASI’s Performance Standard (PS) in July 2019 and in February 2021, a provisional PS certification was also achieved for Gränges’ site in Finspång.1) The certification demonstrates that Gränges’ products are produced responsibly and sustainably and provides assurance to customers and other stakeholders that Gränges meets the increased sustainability requirements. Gränges aims to certify all sites against ASI’s Performance Standard by 2025.

1) The provisional certification follows the ASI interim policy regarding audits and audit-related travel due to the COVID-19 situation.