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Pietermaritzburg (9 July 2020). Hulamin has become the first global aluminium semi‐fabricator to have a greenhouse gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi).
The SBTi (https://sciencebasedtargets.org/) mobilises companies to set science‐based targets and boost their competitive advantage in the transition to the low‐carbon economy. It is a collaboration between CDP, the United Nations Global Compact (UN Global Compact), World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
Hulamin’s science‐based target provides a clear road map that is in line with the ambition of the Paris climate agreement to limit global warming to well below 2°C above pre‐industrial level, while pursuing efforts to limit warming to 1.5°C. It sets out how much and how quickly the company will reduce its GHG emissions. Specifically, Hulamin intends to achieve the following by 2030: “Hulamin commits to reduce absolute scope 1 and scope 2 GHG emissions 30% by 2030 from a 2018 base year. Hulamin also commits to reduce scope 3 GHG emissions 24% per ton of aluminium produced by 2030 from a 2018 base year.”
In terms of the SBTi, science‐based targets are validated by technical experts and can help to safeguard a company’s growth and profitability by keeping business relevant and competitive during a transition to a low‐carbon economy. By setting targets that align their business with global efforts to avoid the worst impacts of climate change, Hulamin is positioning itself as an industry leader to thrive as the global economy transitions to a low‐carbon future.
Mr. Richard Jacob, Hulamin CEO
“On the global environmental stage, humanity has an important role to play in preserving our future. From the person in the street to our food producers, those in the conservation of forest and fauna and even our large‐scale mining and manufacturing industries, we are all on a journey to preserve our globe for the next generation. We at Hulamin take this role seriously and are proud to be active participants in making a contribution to limiting climate change. To this end, I am pleased to be a partner with the Hulamin team who have worked diligently and responsibly to commit to ensuring the limitation of greenhouse gas emissions from all our production facilities. We are thankful for the guidance and support of the Science Based Target initiative who lend credibility to set our target emission reductions in line with what is required by science to limit global warming to well below 2°C. We encourage all our fellow industry to make the same ambitious commitments to sustain our one planet.”
Mr. Alex Farsan, WWF Global Lead, Science Based Targets and member of the Science Based Targets initiative steering committee:
"We congratulate Hulamin on becoming the first global aluminium semi‐fabricator to have their emission reduction targets validated by the Science Based Targets initiative. The aluminium sector has an important role to play in the transition to a net‐zero economy. By setting targets that align their business with a clearly defined pathway to future‐proof growth, Hulamin is positioning itself as a leader in its sector to thrive as the global economy transitions to a low‐carbon future."
WWF is one of the world's largest and most respected independent conservation organisations, with almost six millionsupporters and a global network active in over 100 countries. WWF's mission is to stop the degradation of the earth's natural environment and to build a future in which humans live in harmony with nature, by conserving the world's biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption.
WWF South Africa
WWF South Africa is a national office that is part of the WWF network. We are a local NGO that for 50 years has worked towards the aim of inspiring all South Africans to live in harmony with nature, for the benefit of our country and the well‐being of all our people.
WWF stands for the World‐Wide Fund for Nature
Ms. Ayanda Mngadi
Ms. Noma Kanyile