CBA becomes first Brazilian aluminum company to join green supplier database launched by First Movers Coalition in Davos
Companhia Brasileira de Alumínio (CBA) has become the first Brazilian aluminum company to be featured as a supplier in the First Suppliers Hub (FCH), a database launched today by the First Movers Coalition program in Davos to help identify suppliers worldwide that are committed to decarbonization and sustainability. The platform will connect CBA and other coalition members with buyers seeking low-emission solutions and products. It will also strengthen CBA's position as an industry leader for low-carbon aluminum.
“This initiative will crucially stimulate demand for low-carbon products, accelerating the green transition and helping to tackle climate change. Being part of this supplier hub is a testament to Brazil’s sustainable aluminum capabilities and the efforts we’ve made to reduce emissions and differentiate our products in the market,” says Leandro Faria, head of sustainability at CBA.
CBA is the only fully integrated aluminum producer in the industry, with operations spanning from bauxite mining through aluminum production to recycling. CBA’s low-carbon aluminum is made with clean and renewable energy, resulting in per ton CO2e emissions that are four times lower than the world average for aluminum smelting.
“Compared to global average emissions of 11.3 tons of CO2e per ton of smelted aluminum, CBA aluminum generates a fractional 3.03 tons, meaning we are well-positioned to meet the needs of buyers looking to decarbonize their processes and actively contribute to achieving sustainability targets within the industry,” adds Faria.
The First Movers Coalition (FMC) is a global alliance of companies that have committed to procuring catalytic volumes of low-carbon products by 2030, helping to build sustainable supply chains and meet climate targets. FMC was established through a partnership between the World Economic Forum, the U.S. government and other government partners. By entering the program CBA is joining companies sharing a common vision that technology and sustainability are essential to keeping global warming to within 1.5oC by the end of the century, in accordance with the Paris Agreement.
About the First Suppliers Hub
The First Suppliers Hub launched in Davos brings together suppliers that are working to meet the FMC commitment thresholds across several key high-emissions sectors.
The hub is designed to facilitate green procurement. By connecting buyers to suppliers committed to sustainability, it saves time spent searching for and identifying these suppliers by other means.
In total, the First Suppliers Hub features more than 80 decarbonization efforts that are currently underway from over 40 organizations, that FMC members and other companies can procure from to achieve their FMC commitments and decarbonization goals. These initiatives include low-carbon products such as those offered by CBA.
The First Suppliers Hub was created by the WEF with support from Deloitte Consulting and can be accessed for free at:
Founded in 1955, Companhia Brasileira de Alumínio (CBA) is a vertically integrated aluminum producer, with operations spanning from mining through recycling to end products. With renewable generation capacity for 100% of its energy requirement, CBA provides sustainable solutions for the packaging, transportation, automotive, building and construction, energy and consumer goods sectors, as well as leading the recycling of industrial aluminum scrap.
Following its flotation in 2021 (CBAV3), it became the first company in its segment to be traded on B3 and was named to B3’s Corporate Sustainability Index (ISE) in the first year it was eligible to do so. With net revenue of R$ 8.8 billion in 2022 and R$ 1.6 billion in adjusted EBITDA in the period, CBA is committed to guaranteeing a supply of low-carbon aluminum in partnership with stakeholders, while developing communities in its geographies and conserving biodiversity. To learn more about CBA, go to www.cba.com.br.