Net-zero plan

Gränges is committed to mitigating climate change and has set a goal to reach net-zero by 2040. The company strives to reduce the climate impact along the value chain – from its own operations and from the materials sourced. The main pathways to reach net-zero include recycling growth, low-carbon primary aluminium sourcing, and renewable energy usage.

Aluminium – an enabler for decarbonization

The aluminium industry is considered a harder-to-abate industry and is responsible for about two percent of the world’s direct industrial carbon emissions. The metal is widely used in different product segments and direct emissions are expected to grow due to an estimated increased demand of the metal. Aluminium also has a positive contribution to a sustainable and circular economy because of its light weight and infinite recyclability which can mitigate climate impacts.

Gränges’ climate impact

As a semi-manufacturer of rolled aluminium products, Gränges largest climate impacts originate in the value chain. In 2023, 92 percent of Gränges’ total climate impact originated from the value chain (scope 3) and 8 percent from the company’s own operations (scope 1+2). To drive emission reductions, Gränges collaborates with suppliers to secure low-carbon and recycled aluminium, and with customers to design sustainable aluminium solutions and form recycling partnerships.

Science-based emission reduction trajectory

Gränges’ climate goals for 2030 and 2040 were approved by the Science Based Targets initiative in November 2023. This means that the goals are aligned with the latest climate science and consistent with the goals of the Paris Agreement. Having trustworthy and ambitious climate goals and decarbonization plans gives confidence to Gränges’ customers that they can get industry-leading sustainable and circular solutions.

Main pathways to net-zero

In 2023, Gränges developed regional 2030 decarbonization plans which were consolidated into a group-wide net-zero plan. In summary, the company plans to reach net-zero through five main pathways, as summarized on the next page. Recycling growth accounts for more than half of the 2030 plan, followed by low-carbon primary aluminium, and renewable electricity.