Climate Change Data

Grupo Vasconia, S.A.B.

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Carbon Intensity:1.46 tCO2e/ton in 2021; target of 1.41 tCO2e/ton by 2027

ESG Focus Areas

  • Operational Eco-Efficiency
  • Environmental Policy and Management System
  • Product Stewardship
  • Human Capital Development
  • Occupational Health and Safety
  • Talent Attraction and Retention
  • Corporate Governance
  • Codes of Business Conduct
  • Supply Chain Management

Environmental Achievements

  • Reduced carbon intensity from 9.39 tCO2e/ton in 2019 to 1.46 tCO2e/ton in 2021 by changing primary Aluminum supplier
  • Reduced CO2 emissions by 157 tons in 2021 through furnace improvements
  • Cuautitlán facility achieved Zero Waste to Landfill certification in November 2020
  • Vasconia Brands eliminated single-use plastics

Social Achievements

  • Care for People program prioritizing worker well-being and workplace safety
  • Almexa only buys scrap from formal companies to mitigate social issues

Governance Achievements

  • Created a Sustainability Committee in 2021 with Board oversight
  • Implementation of international best practices, such as operational efficiencies, use of KPIs, and sustainability practices

Climate Goals & Targets

Long-term Goals:
  • Achieve at least a 2 Degrees scenario of carbon intensity metric by 2050
Medium-term Goals:
  • Achieve carbon intensity index of 1.41 tCO2e/t Aluminum by 2027
  • Increase percentage of scrap in total Aluminum inputs processed to 83% by 2027
Short-term Goals:
  • Reduce carbon intensity to 2.08 tCO2e/t Aluminum processed by 2024
  • Increase percentage of scrap in total Aluminum inputs processed to 79% by 2024

Environmental Challenges

  • Lack of bauxite in Mexico necessitates Aluminum imports
  • Low technological development of existing recycling processes results in Aluminum scrap export
  • Lack of scrap collectors with national coverage in Mexico
Mitigation Strategies
  • Investments in modernizing furnaces and constructing a new state-of-the-art plant in Veracruz
  • Developing scrap supplier networks
  • Implementing green sourcing strategy focusing on low-carbon Aluminum slabs from smelters using renewable energy

Supply Chain Management

Responsible Procurement
  • Green sourcing of Aluminum, focusing on low-carbon Aluminum slabs from smelters using renewable energy
  • Purchasing scrap only from formal companies

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products
  • Increased use of recycled Aluminum

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 9000, Industria Limpia, Zero Waste

UN Sustainable Development Goals

  • Goal 6
  • Goal 7
  • Goal 9
  • Goal 12
  • Goal 13

Initiatives contribute to water use efficiency, energy efficiency, sustainable infrastructure, responsible consumption and production, and climate action.

Sustainable Products & Innovation

  • Recycal Aluminum (75% recycled Aluminum)
  • Greenalum (low-carbon Aluminum slabs from smelters using renewable energy)