Recently, the British Commodity Research Institute (CRU) and the Aluminum Management Initiative (ASI) signed a memorandum of cooperation on the integration of sustainable development data. This cooperation will provide an authoritative reference for the sustainable development data of the entire aluminum value chain and improve the transparency of stakeholders.
CRU Group Research Director Lavan Mahadeva said: “ASI is at the forefront of infiltrating sustainability standards into purchasing decisions. We will provide an emission analysis tool system that can compare the asset-based carbon emissions information provided by CRU with ASI’s performance. Seamlessly link with chain of custody standards to help customers and investors obtain and reconcile different types of sustainability data information.”
Fiona Solomon, CEO of ASI, said: “Providing comparable information on sustainable development is the key foundation for responsible sourcing. CRU’s carbon emission analysis tools increase the transparency of greenhouse gas emissions, while ASI certification is for responsible production involving a wide range of issues. And procurement of aluminum provides a high degree of recognition guarantee. Integrating public information about ASI certification status into asset-level CRU tools will help to understand more comprehensively the sustainable development efforts of physical enterprises.”