Mytilineos in the official list of ‘Committed Companies’ of the international initiative Science Based Targets (SBTi)

MYTILINEOS, in the context of its practical commitment to tackling climate change with the ambitious CO2 reduction targets it set at the beginning of the year, is taking action again with its commitment to the global Science Based Targets initiative (SBTi).

SBTi mobilizes companies to set science-based goals and enhance their competitive edge when moving to a low-carbon economy. It is a partnership of the CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and provides independent assurance and validation of corporate objectives based on up-to-date climate data. The goals of the SBT initiative allow companies to understand to what extent and how quickly they need to reduce greenhouse gas emissions in order to prevent the worst effects of climate change.

In this way, companies can plan a clear path to carbonation, helping to tackle global warming and seize the opportunities.

MYTILINEOS is one of the first Greek industrial companies to commit to the SBT initiative. Through the commitment, the Company will confirm that the initiatives it has taken to reduce CO2 emissions serve the latest available scientific data on climate change forecasts, as well as the relevant European and national strategy.

The SBT initiative has already committed more than 2,000 companies worldwide and from all business sectors, such as Iberdrola SA, Enel SpA, Lightsource bp, Siemens Gamesa Renewable Energy, SA, ENGIE and FLUXYS, as well as AstraZeneca, Shiseido and Wendy’s .

MYTILINEOS aspires to achieve the reduction of carbon dioxide emissions by implementing a significant portfolio of RES projects, in Greece and internationally, by electrifying the Metallurgy Sector exclusively from renewable sources, by developing low-emission products such as recycled increase the use of aluminum scrap, with the use of electricity from RES in the production of aluminum, with the storage of energy through batteries at construction sites, with the use of electric vehicles and with the replacement of office heating systems based on natural gas with electric heat pumps.

At the same time, MYTILINEOS will continue to invest in the application of cutting-edge technologies and the utilization of digital industrial methods in the production stages, to improve energy efficiency and reduce emissions, such as e.g. with the digitization of the foundry at the Aluminum Plant of Greece, of the Metallurgy Sector – in collaboration with General Electric – and with the application of Metsol technology to reduce PFC emissions, actively contributing to a future with a neutral carbon footprint by 2050.

This commitment follows MYTILINEOS joining the supporters of the Global Initiative “Task Force on Climate-related Financial Disclosures” (TCFD) in June 2021 to adapt and address the impact of climate change on its activities.