ESG

Alumex Commitment to ESG

Alumex PLC is dedicated to implementing its ESG policy based on the Elevate Living concept. The starting point for our ESG journey is our commitment to integrity, transparency, and compliance for sustainable development, that resonated through the Company. We believe that this fosters an environment of accountability, building confidence among stakeholders and investors.

Sustainability flows from a position of strength that incorporates Environmental, Social and Governance processes aligning them with global standards. As this mandates an all-encompassing approach to how we do business, we drive wellbeing in all aspects of our operations.

Our ESG Goals are strategically crafted and relentlessly pursued.

ESG Strategy

Reliance on Sustainable and Renewable Energy Sources.
Reduction in Energy Intensity by improving Operational Efficiency.
Phase Out our absolute carbon footprint.
Application of Sustainable water sources.
Reduction in water intensity through efficiency improvement.
Value Addition Through Waste generation.

Long Term Target

15% Energy requirement to be met through renewable energy by 2030.
5 % reduction in energy by 2030.
5% Reduction in Scope 1 ad 2 Emissions.
10% reduction in absolute carbon emissions of scope 3 by 2030.
10% improvement of sustainable water source
5% improvement of Water intensity from 2019/20
Zero land filling by 2030
30% recycled/ reclaimed material used in the production process

Target 23/24

5% energy requirement to be met through renewable energy.
1% Reduction in Energy intensity
1% Reduction in Scope 1 and 2 Emission.
1% Reduction in Scope 3 Emission.
2% improvement of sustainable water source
1% improvement of water intensity
5% reduction in land filling
20% recycled/ reclaimed material used in the production process

Achievement

Achieved 7% reliance on solar power
Marginal increase in energy intensity by 3.9% while achieving 14.42 GJ/MT
Scope 1 emission reduced by 1% Scope 2 emission increased by 22%
Increased by 15%
Pending to be Achieved
34% improvement
Non hazardous waste reduced by 20%
56% of recycled aluminium used

Our Method

Governance

To ensure the progress of the ESG initiatives established a sustainability division under the system certification department.

To strengthen the internal audit team, training sessions have been scheduled. Employees have been educated on the issues by organising training sessions and forums.

ESG Steering Committee

ESG Steering committee has been formed to implement sustainability in the decisionmaking process.

The main committee is responsible for driving this ESG initiatives and decisions. To make suggestions and analyse the progress three subcommittees were established. Three subcommittees are environment, social and governance. Each subcommittee consists of committee representatives and individuals possessing expertise in each field to add value to ESG initiatives.

Training

Provided training to the ESG core team members on Consultant Development programme on Quantification of organisation level carbon footprint based on ISO 14064- 1:2018 standard which was conducted by National Cleaner Production Center (NCPC)

Conducted two-day workshop onimplementation of ISO 14001:2015 standard for 40 executives from cross functional departments by Sri Lanka Standard Institution (SLSI) Conducted two-day workshop on implementation of ISO 45001:2018 standard for 40 executives from cross functional departments by Sri Lanka Standard Institution (SLSI)

Participation

We value and assure the stakeholder participation in our sustainability initiatives and encourage them to partner us in conducting CSR products that serve the community. Employees are often involved in CSR initiatives through volunteer programmes, internal committees, and awareness campaigns. They may participate in community service activities, environmental conservation projects, or fund-raising events organised by the Company.

Customers are often engaged in CSR initiatives through marketing campaigns, product promotions, and customer loyalty programmes. The Company may communicate its CSR efforts through product labeling, packaging, and advertising to raise awareness and encourage consumer support for socially responsible practices.

Our Contribution to UNSDGs

Aligned with the United Nations Sustainable Development Goals (UNSDGs), Alumex is dedicated to advancing global sustainability. Our approach, detailed in our Sustainable Development Goals pages 109 to 110, encompasses environmental stewardship, social inclusivity, and economic empowerment.

Future Focus

Combined with the ASI framework, our ESG agenda will implement the following in 2024.

Finalise the process of obtaining ISO 14001, ISO 45001, and ISO 14064 certifications for the facility. This will entail completing any outstanding requirements, conducting internal audits, and preparing for external audits.

Continue efforts to obtain ASI (Aluminium Stewardship Initiative) certification for the facility. These mandates fulfilling ASI requirements, implementing necessary changes to align with ASI standards, and preparing for certification assessments.

Continue efforts to obtaiDevelop and implement training programmes to raise employee awareness of sustainability goals and practices. We plan to conducts programmes to include workshops, seminars, and online training modules on topics such as environmental conservation, health and safety, and social responsibility by expert resources on those disciplines. n ASI (Aluminium Stewardship Initiative) certification for the facility. These mandates fulfilling ASI requirements, implementing necessary changes to align with ASI standards, and preparing for certification assessments.

Identify and implement initiatives to reduce carbon emissions and mitigate climate change impacts. This may include energy efficiency projects, renewable energy investments, and carbon offset programmes.