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Three years on from its launch at COP28, the share of IAI members with interim and net zero targets has risen across the board.
The International Aluminium Institute (IAI) has updated the data behind its Greenhouse Gas (GHG) Initiative, and the latest figures show the aluminium industry’s climate commitments continuing to strengthen. Across the IAI membership, the proportion of companies with interim emissions reduction targets has risen to 91%, up from 65% when the initiative launched.
Where the industry stands today
Based on the publicly stated commitments of IAI member companies, the latest data show that:
- 91% of members (21 of 23) now have interim, short-term emissions reduction targets.
- 83% (19 members) have long-term reduction targets.
- 65% (15 members) have set a net zero target.
- 57% (13 members) have committed to reaching net zero by 2050.
The clearest message is the direction of travel. Comparing the first reporting cycle with the most recent, the share of members with climate commitments has risen in every category:
Momentum since the initiative launched
- Interim targets: up from 65% to 91%.
- Net zero targets: up from 52% to 65%.
- Scope 3 reporting: up from 61% to 78%.
About the GHG Initiative
The IAI launched the Aluminium Industry GHG Initiative at COP28 in Dubai in 2023 as a shared framework for tracking and encouraging the industry’s progress on emissions. It brings together, in one place, the publicly stated climate commitments of IAI member companies alongside sector-wide emissions data, covering Scope 1 (direct emissions), Scope 2 (purchased electricity) and, increasingly, Scope 3 (other indirect emissions).
The initiative is built on transparency. The IAI reports global aluminium industry emissions each year and compiles member targets from publicly available information, so that stakeholders can see how the industry is progressing. Signatories are encouraged to set a long-term target, ideally net zero by 2050, and a 2030 interim milestone, and to disclose annual progress on their Scope 1 and 2 emissions, and ideally Scope 3.
Because members operate in different regions, energy systems and policy environments, their pathways to lower emissions differ, consistent with the principle of common but differentiated responsibilities. The initiative emphasises that concrete action to move beyond business as usual, not targets alone, is what ultimately matters.
Comment
“Targets establish a framework for accountability and track momentum. When we launched the GHG Initiative at COP28, we set out to transparently report on decarbonisation commitments and the industry’s progress on emissions reductions. Three years on, the great majority of our members have public interim and long-term climate targets in place and are actively working to reduce GHG emissions from their operations. As an industry, we still have a long way to go but the direction of travel is clear.” Pernelle Nunez, IAI’s Deputy Secretary General and Director of Sustainability
Explore the data
The full picture, including sector emissions data and member commitments, is available on the IAI emissions dashboard: international-aluminium.org/emissions-dashboard/
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