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ASI Performance Standard certification of the Aluminum Stewardship Initiative for responsible aluminum production

ASI Performance Standard certification of the Aluminum Stewardship Initiative for responsible aluminum production
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ELVALHALCOR

ElvalHalcor is a leading global manufacturer of aluminium and copper products. Today ElvalHalcor has a leading position in Europe in copper pipe production, and has established its presence in the aluminium rolling industry. The Company has over 80 years of experience and expertise, a powerfull production base with 15 factory units, and a commercial presence in over 100 countries, offering sustainability solutions and products in dynamically emerging markets such as packaging, transfers, construction and building, heating, cooling, air conditioning and renewable energy sources. ElvalHalcor is following a development, creating value for its stakeholders.  


www.elvalhalcor.com


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Objective Action

The aim of this action is our contribution and our inclusion in a recognized and responsible aluminum management supply chain.

The integration of the principles of sustainable development into the corporate governance model of Elval, aluminum rolling sector of ElvalHalcor through the implementation, certification, implementation and continuous development of the ASI Performance Standard of the Aluminum Stewardship Initiative (ASI).

The implementation of the standard leads to an integrated ESG strategy for the responsible procurement, production and management of aluminium. Its application uses tools, methods and processes that integrate into a coherent program of actions the requirements of the three main pillars of sustainable development:

  • Environmental protection,
  • social responsibility, and
  • good Corporate Governance

for the benefit of employees, customers, suppliers, shareholders, local communities and other stakeholders of the Company.

ElvalHalcor was the first company in Greece to join forces with the International Initiative for Responsible Aluminum Management along with the leading aluminum production and processing companies, organizations and social agencies that make it up.

Today, it is the first company in Greece to successfully certify its entire production activity to the ASI Performance Standard, the strictest sectoral sustainability standard, and in this way is practically, openly and transparently committed to the implementation and continuous development of its ESG strategy in every aspect of its business activity.

 

Target Audience

The certified ASI Performance Standard applies to ElvalHalcor's aluminum rolling sector and concerns both the Company and the stakeholders: employees, customers, local community, society in general.

 

Duration

The preparation of the System design and the procedures to comply with the ASI Performance Standard started in 2019 and the certification took place in July 2020. The implementation of the ASI Performance Standard is continuous, with the aim of continuously improving the Company's performance in ESG matters.


Description

Small, sporadic, piecemeal and local initiatives are important, but they are not enough on their own and are often weakened when embedded in a competitive context of business activity, nationally or internationally.

In the aluminum industry, the establishment of the Aluminum Stewardship Initiative (ASI), provides the coherent framework where producers, users and participants in the aluminum value cycle commit to its responsible production, supply and management, undertaking the " cost' and highlighting sustainability as a priority. The benefit is twofold: the adoption of a green development model in practice and a practical and dynamic response to society's demand to take meaningful actions for sustainable development and environmental protection against climate change.

Elval's ESG strategy as adapted through the implementation of the ASI Performance Standard provides a complete, coherent and structured program for integrating sustainability criteria into the corporate governance model it applies. It covers all its activities and more specifically:

Corporate Governance, with tools for good management, protection against corruption, legislative compliance in every aspect of its activity, taking care of reporting and investigating complaints, formulating and implementing ESG policies, programs to reduce environmental footprint of its products and the development of environmentally friendly products and solutions, the implementation of a recycling strategy and actions for the collection of aluminum products at the end of their life cycle.
Environmental Protection, with tangible, measurable and implementable plans for the reduction of greenhouse gas emissions, the rational management of emissions and waste, the rational use of water and the protection of water resources and the protection of biodiversity.

Social Responsibility, with an emphasis on the Company's practices but also evaluating its supply chain in the protection of Human Rights, the avoidance of discrimination, the defense of women's rights and labor rights and the promotion of the safety and health of its employees, visitors and stakeholders company.

The design of the ASI Performance Standard was done through the cooperation of all Elval departments/Directorates and the consultation and cooperation in the implementation and application with all employees. The implementation of its forecasts is done daily through the expanded participation of employees (e.g. implementation of corporate policies, participation in volunteering programs, submission of improvement proposals in ESG issues, etc.). The evaluation of effectiveness is done with the participation of internal and external stakeholders, in an innovative and open process where, among other things:

  • Representatives of the local community, customers, suppliers and other stakeholders report their experiences of Elval's performance to the Certification Body, without the Company's knowledge or involvement
  • Employees answer questions about every aspect of their working relationship with Elval, in "closed interviews", without the knowledge or involvement of the Company.

Thus, Elval's certification receives an expanded assessment, both in terms of its practices and its impact on its stakeholders.

The ESG (Environment, Social, Governance) strategy according to the ASI Performance Standard is a dynamic model that is constantly evolving. At its heart is the requirement for continuous improvement, targeting and taking action to achieve these goals and this requires further continuous adjustments. Consequently, the monitoring of performance by internal and external stakeholders and the periodic inspection by an independent body reinforces the Company's commitment in this direction.

In a broader context, Elval, always a pioneer in the application of innovative ideas and practices, through its participation in the International Initiative for Responsible Aluminum Management, and the consequent certification of its ESG strategy, aims to be a model for other companies in the value chain ( value chain) of aluminum, in Greece and the markets in which it operates. The adoption of the principles of sustainable development through the implementation of the most demanding sustainability standard combined with the connection it provides to all branches of the aluminum supply and value chain is expected to be the dominant trend in responsible aluminum production and shape the way the material is produced, traded, recycled and reused, based on the principles of the circular economy. The activation of as many companies in the sector as possible will strengthen the cumulative benefit of the use of aluminum in dealing with climate change and in this, the active participation of Elval is a given.


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Impact on Society

Certification with the ASI Performance Standard was completed in July 2020, and therefore the comprehensive results are not fully recorded. This system is a continuous and ongoing process aimed at Elval's continuous improvement in ESG matters.

By implementing the ASI Performance Standard and adapting its ESG strategy, Elval puts into practice the principles of responsible aluminum production. Every step of material procurement, production and recycling is governed by the application of sustainability criteria, including:

  • The supply of A' Materials and metal is only done by suppliers who undertake commitments to ESG criteria and are evaluated for this. All of the Company's critical suppliers have been subjected to a Due Diligence Audit and the process is extended to the rest as well.
  • The Company implements a specific recycling strategy, with the aim of continuously increasing the percentage of recycled metal it uses in its products. In particular, one of the goals in the following years until 2025 is to consume more than 95,000 tons of End of Life aluminum scrap. Thus, in its production, it substitutes equal amounts of energy-intensive primary cast aluminum with recycled aluminum that requires only 5% of the corresponding energy, for the same amount of final product.
  • The environmental footprint of its products is evaluated by applying structured Life Cycle Assessments and targets are set for its further reduction, through the application of specialized tools and the implementation of processes in product design.

In a broader context, the certification of Elval's ESG strategy to the requirements of the ASI Performance Standard constitutes in a practical way the undertaking of a common commitment with the leading producers in the world who have undertaken corresponding action, towards a sustainable aluminum production.

More information about performance indicators can be found in the Company's BA Report. They are available on the page:

https://www.elvalhalcor.com/el/sustainability/reporting/



Initiative Location

Aluminum rolling mills (Elval), Inofyta Viotias. The scope of application of the ASI Performance Standard concerns the entire range of activities of ElvalHalcor's aluminum rolling sector.


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Working with Organization

The design, development and implementation of the ASI Performance Standard, as well as the formulation of the ESG strategy of Elval (aluminum rolling sector of ElvalHalcor), was carried out by the participation and cooperation of executives and groups of employees, from various departments of the Company.

For the Life Cycle Assessment of the products of ElvalHalcor's rolled aluminum sector, Elval collaborated with one of the leading consultants abroad, Thinkstep AG (now Sphera), in order to strengthen the knowledge base, train its executives and transfer of know-how in methods for assessing the environmental footprint of its products.

The certification to the ASI Performance Standard was done by the DNV GL Company.


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Workers Participation

The design, development and implementation of the ASI Performance Standard and the formation of the ESG strategy of Elval (aluminum rolling sector of ElvalHalcor), was carried out by the participation and cooperation of executives and groups of employees, from various departments of the Company.

Elval people participate, implement and put into practice all the requirements of the standard, through the daily implementation of processes and savings programs, participation in councils and submission of proposals and their general activity in their area of responsibility.


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Benefits for Οrganization

Elval aims to implement a modern model of corporate governance, in accordance with the imperatives of sustainable development, responsible production and the principles of the circular economy. Its certification to the ASI Performance Standard provides the means to integrate into a coherent set all processes, methods and tools in a direct, transparent and objectively assessable manner.

At an international level, the acquisition of the most stringent sustainability certification, documents Elval's position as a responsible aluminum producer and lays the foundations for placing its products in exclusively sustainable aluminum value supply chains.

Additional benefits for the Company from this certification are:

  • Customer, partner and employee satisfaction
  • Increasing the competitive advantage of the Company at the sectoral, national and international level. ElvalHalcor stands out as the first Greek Company to have the certification according to the ASI Performance Standard.
  • Seal of Commitment to Sustainable Development.
  • Improved evaluation based on ESG criteria by stock market analysts and investment bodies.



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