+
Vedanta Aluminium's BALCO certified against Aluminium Stewardship Initiative
ECONOMY & POLICY

Vedanta Aluminium's BALCO certified against Aluminium Stewardship Initiative

Bharat Aluminium Company Limited (BALCO), India's iconic aluminium producer and a unit of Vedanta Aluminium, has achieved the Aluminium Stewardship Initiative (ASI) Performance Standard V3 Certification for the manufacture and supply of a wide range of primary aluminium products at its facility in Korba, Chhattisgarh. This includes a smelter with two potlines for producing molten aluminium (hot metal), three casthouses for shaping the aluminium, a rolled product plant and a power generation plant. Together, they contribute to an annual production capacity of 575,000 tonnes at BALCO.

BALCO produces aluminium wire rods, ingots, primary foundry alloys and rolled products, as well as India's first low carbon aluminium range Restora. They find applications in several sectors including automobiles, infrastructure, insulations, power projects, electrical and packaging. It has emerged as the first Indian company to achieve the ASI Performance Standard V3 Certification. Previously, Vedanta Aluminium has also achieved the ASI Performance Standard V2 Certification for its smelter and captive power plant located within the Special Economic Zone (SEZ) at Jharsuguda, Odisha, India.

The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the global aluminium value chain. The ASI Performance Standard V3 (2022) was launched in May 2022 following a multi-year revision process. It defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance - with the aim to address sustainability areas in the aluminium value chain, such as biodiversity, indigenous peoples? rights, circularity, and greenhouse gas emissions. The independent, third-party audit of Bharat Aluminium Company Limited (BALCO) was carried out by CETIZION Verifica.

Mr John Slaven, CEO, Vedanta Aluminium, said, "We welcome BALCO's inclusion in the esteemed ASI membership and its Certification against the ASI Performance Standard V3, which includes the production of our low-carbon "green" aluminium Restora and Restora Ultra brands. As India's iconic aluminium producer, BALCO has pioneered sustainable processes across every step of the aluminium value chain, establishing itself as a benchmark within the global industry. The certification comes as a reiteration of our continuous commitment to responsible production practices, and ignites in our teams a renewed focus on exploring new ways to harness aluminium's boundless potential towards building a sustainable world."

Dr. Fiona Solomon, CEO, Aluminium Stewardship Initiative, said, "We congratulate Bharat Aluminium Company Limited (BALCO) on achieving Performance Standard Certification V3 (2022) for its integrated aluminium production facilities in Chhattisgarh. As a large aluminium producer in India and a part of Vedanta Limited - Aluminium Business, BALCO plays an important role in the global aluminium industry. This certification marks a notable milestone in BALCO's sustainability journey and demonstrates its commitment to adopting practices that meet a broad range of environmental, social and governance criteria."

Vedanta Aluminium, of which BALCO is a part, is adopting a multi-pronged approach to achieve Net Zero by 2050, by setting clear timelines to mitigate emissions, deploying cutting-edge carbon reduction technologies, greater usage of renewables, and supporting grassroots climate resilience initiatives among local communities. Striking a balance between ecological needs and business requirements, the company achieved an impressive 28% reduction in its greenhouse gas (GHG) intensity in FY23 from a FY12 baseline, while also enhancing production three-fold during the same period.

Bharat Aluminium Company Limited (BALCO), India's iconic aluminium producer and a unit of Vedanta Aluminium, has achieved the Aluminium Stewardship Initiative (ASI) Performance Standard V3 Certification for the manufacture and supply of a wide range of primary aluminium products at its facility in Korba, Chhattisgarh. This includes a smelter with two potlines for producing molten aluminium (hot metal), three casthouses for shaping the aluminium, a rolled product plant and a power generation plant. Together, they contribute to an annual production capacity of 575,000 tonnes at BALCO. BALCO produces aluminium wire rods, ingots, primary foundry alloys and rolled products, as well as India's first low carbon aluminium range Restora. They find applications in several sectors including automobiles, infrastructure, insulations, power projects, electrical and packaging. It has emerged as the first Indian company to achieve the ASI Performance Standard V3 Certification. Previously, Vedanta Aluminium has also achieved the ASI Performance Standard V2 Certification for its smelter and captive power plant located within the Special Economic Zone (SEZ) at Jharsuguda, Odisha, India. The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the global aluminium value chain. The ASI Performance Standard V3 (2022) was launched in May 2022 following a multi-year revision process. It defines 11 principles and 62 criteria under three sustainability pillars - Environment, Social, and Governance - with the aim to address sustainability areas in the aluminium value chain, such as biodiversity, indigenous peoples? rights, circularity, and greenhouse gas emissions. The independent, third-party audit of Bharat Aluminium Company Limited (BALCO) was carried out by CETIZION Verifica. Mr John Slaven, CEO, Vedanta Aluminium, said, We welcome BALCO's inclusion in the esteemed ASI membership and its Certification against the ASI Performance Standard V3, which includes the production of our low-carbon green aluminium Restora and Restora Ultra brands. As India's iconic aluminium producer, BALCO has pioneered sustainable processes across every step of the aluminium value chain, establishing itself as a benchmark within the global industry. The certification comes as a reiteration of our continuous commitment to responsible production practices, and ignites in our teams a renewed focus on exploring new ways to harness aluminium's boundless potential towards building a sustainable world. Dr. Fiona Solomon, CEO, Aluminium Stewardship Initiative, said, We congratulate Bharat Aluminium Company Limited (BALCO) on achieving Performance Standard Certification V3 (2022) for its integrated aluminium production facilities in Chhattisgarh. As a large aluminium producer in India and a part of Vedanta Limited - Aluminium Business, BALCO plays an important role in the global aluminium industry. This certification marks a notable milestone in BALCO's sustainability journey and demonstrates its commitment to adopting practices that meet a broad range of environmental, social and governance criteria. Vedanta Aluminium, of which BALCO is a part, is adopting a multi-pronged approach to achieve Net Zero by 2050, by setting clear timelines to mitigate emissions, deploying cutting-edge carbon reduction technologies, greater usage of renewables, and supporting grassroots climate resilience initiatives among local communities. Striking a balance between ecological needs and business requirements, the company achieved an impressive 28% reduction in its greenhouse gas (GHG) intensity in FY23 from a FY12 baseline, while also enhancing production three-fold during the same period.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?