Constellium to Join the First Movers Coalition, Supporting the Aluminium Industry’s Transition to Decarbonization
04 Novembro 2022 - 9:00AM
Constellium SE (NYSE: CSTM) announced today that it is joining
the First Movers Coalition (FMC), a global initiative to accelerate
zero-carbon technologies and reduce carbon emissions.
The First Movers Coalition is a global
initiative led by the World Economic Forum and the U.S. Government
to decarbonize hard-to-abate sectors by leveraging companies’
combined purchasing power. More than 50 companies have joined the
coalition to drive more green demand and low-carbon technologies
and to help advance the world’s climate goals.
“We are proud to join the First Movers Coalition
and to contribute to a faster decarbonization journey for the
industry. Aluminium is fully and easily recyclable, and nearly 75%
of all aluminium ever produced is still in use today. The aluminium
industry has a great role to play to promote the circular economy
of tomorrow, and we are excited to further leverage our
sustainability actions with this global program,” said Jean-Marc
Germain, CEO of Constellium. “We are committed to do our part in
the fight against climate change, and to collaborate across the
value-chain to help drive the low-carbon transition.”
“Constellium’s impact across the value chain
makes the company a tremendous addition to the First Movers
Coalition. We look forward to partnering with Constellium to
encourage clean energy innovation and move the aluminium industry
toward a zero-carbon future,” said Nancy Gillis, Programme Head of
the First Movers Coalition, World Economic Forum.By joining the
FMC, Constellium pledges that by 2030, 10 percent of its primary
aluminium purchases will be near-zero emissions, emitting less than
3 tons of CO2 per ton. The FMC pledge also includes a commitment
that by 2030 at least 50 percent of all aluminium Constellium uses
will be from recycled sources.
Constellium’s commitments to the FMC complement
its targets to accomplish a 30 percent reduction in carbon
emissions intensity by 2030 (scope 1, 2 and 3), and to increase its
recycled input. They also further its engagement to build a
sustainable supply chain. Constellium is a founding member of the
Aluminium Stewardship Initiative, and has certified several of its
facilities. The company has recently joined the Mission Possible
Partnership, an alliance of climate leaders focused on boosting
decarbonization across the entire value chain of the world’s
highest-emitting industries in the next 10 years.
About Constellium
Constellium (NYSE: CSTM) is a global sector
leader that develops innovative, value added aluminium products for
a broad scope of markets and applications, including aerospace,
automotive and packaging. Constellium generated €6.2 billion of
revenue in 2021.
Forward-looking statements
Certain statements contained in this press
release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
This press release may contain “forward-looking statements” with
respect to our business, results of operations and financial
condition, and our expectations or beliefs concerning future events
and conditions. You can identify forward-looking statements because
they contain words such as, but not limited to, “believes,”
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“would,” “could” and similar expressions (or the negative of these
terminologies or expressions). All forward-looking statements
involve risks and uncertainties. Many risks and uncertainties are
inherent in our industry and markets, while others are more
specific to our business and operations. These risks and
uncertainties include, but are not limited to: market competition;
economic downturn; disruption to business operations, including the
length and magnitude of disruption resulting from the global
COVID-19 pandemic; the Russian invasion of Ukraine; the inability
to meet customer demand and quality requirements; the loss of key
customers, suppliers or other business relationships; supply
disruptions; excessive inflation; the capacity and effectiveness of
our hedging policy activities; the loss of key employees; levels of
indebtedness which could limit our operating flexibility and
opportunities; and other risk factors set forth under the heading
“Risk Factors” in our Annual Report on Form 20-F, and as described
from time to time in subsequent reports filed with the U.S.
Securities and Exchange Commission. The occurrence of the events
described and the achievement of the expected results depend on
many events, some or all of which are not predictable or within our
control. Consequently, actual results may differ materially from
the forward-looking statements contained in this press release. We
undertake no obligation to update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as required by law.
Jason Hershiser– Investor RelationsPhone: +1 (443)
988-0600investor-relations@constellium.com |
Delphine Dahan-Kocher – CommunicationsPhone: +1
(443) 420 7860delphine.dahan-kocher@constellium.com |
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