Energy Efficiency, GHG Emissions, Industrial - June 2, 2021
Arconic Saw 13% Emissions Drop Last Year
Arconic Corporation announced June 2 that it successfully decreased greenhouse gas emissions by 13.8% from 2019 to 2020.
The aluminum product manufacturer released its latest sustainability updates in its 2020 Sustainability, Environmental, Social and Governance Report. Arconic also reduced its energy consumption by 11.9% since 2019 by investing in energy-efficient equipment and sourcing 19% renewable energy.
“As you read through our 2020 Sustainability and ESG Report, you will recognize that advancing the health and safety of our employees, the environment and communities where we operate are critical priorities of Arconic,” CEO Tim Myers said in a statement. “We are committed to living our values, cultivating an inclusive and diverse culture that advocates for social equity, and conducting business ethically and with integrity, so that we can continue to grow and deliver sustainable value to our key stakeholders.”
In 2020, Arconic’s Scope 1 and 2 emissions equaled 1.6 million tons, while those emissions’ intensity decreased by 1.8% compared to the prior year.
Arconic also detailed the development of a lightweight aluminum adopted by customers like Ford Motor Company that can result in a 5 to 7% fuel savings. Its products are also used in building and construction situations and can help increase the energy efficiency of these buildings.
Scope 3 emissions decreased 11.8% since 2019 and accounted for 85.6% of total emissions.