Sustainable Aluminum Finance Framework Launch at COP28

The aluminum sector—responsible for roughly 2% of GHG emissions—has a complex emissions landscape with a wide range of emissions intensities. Demand for aluminum is only expected to increase as it is also a crucial material needed for the low-carbon transition. Therefore, the sector needs to grow and decarbonize in parallel to meet the needs of a 1.5°C world. This presents significant challenges and opportunities for investment in the sector to finance this transition.

The Sustainable Aluminum Finance Framework is a first-of-its-kind climate-aligned finance framework for lenders to the global aluminum sector to support progress. The framework has been developed in collaboration with a Working Group of four banks: Citi, ING, Société Générale, and Standard Chartered, and in consultation with industry, civil society, and other financial institutions.

The Sustainable Aluminum Finance Framework launch is a must-attend event where finance, aluminum producers, and NGOs will discuss how this innovative framework can support banks and their clients to meet climate goals and the challenges and opportunities for sustainable finance in the aluminum sector.

For more information about this private event please reach out to Thomas White, twhite@rmi.org.