Norsk Hydro

Hydro is a leading aluminium and renewable energy company committed to a sustainable future. Hydro's purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. The company has 32,000 employees, at more than 140 locations in 42 countries, more than 30,000 suppliers, and serves more than 30,000 customers around the world.

Hydro is present throughout the global aluminium value chain, from energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions and aluminium recycling. Hydro Bauxite & Alumina represents the first two steps in the aluminium value chain through bauxite mining and alumina refining. Hydro Aluminium Metal is a leading supplier of extrusion ingots, sheet ingots, foundry alloys, wire rods, forge stock and high purity aluminium with a global production network. Hydro Extrusions delivers tailored aluminium components and solutions to customers around the world. Hydro Energy is a major renewables producer, market operator and developer of businesses for the energy transition. Hydro is changing the aluminium game to provide greener materials to products crucial for sustaining the world's rapid development.

Hydro's target is to be a net-zero company by 2050 or earlier, delivering net-zero products and enabling a net-zero society. Based on a 2018 baseline, Hydro targets 10 percent reduction of total scope 1 and 2 greenhouse gas (GHG) emissions by 2025, and 30 percent by 2030. Hydro also targets a 15 percent reduction in upstream scope 3 emissions by 2030 and 30 percent reduction in upstream scope 3 emissions per tonnes aluminium delivered to market by 2030.

Hydro's target is to be a net-zero company by 2050 or earlier, delivering net-zero products and enabling a net-zero society. Based on a 2018 baseline, Hydro targets 10 percent reduction of total scope 1 and 2 greenhouse gas (GHG) emissions by 2025, and 30 percent by 2030. Net-zero by 2050 or before. Hydro also targets a 15 percent reduction in upstream scope 3 emissions by 2030 and 30 percent reduction in upstream scope 3 emissions per tonnes aluminium delivered to market by 2030.

In 2024, Hydro's total scope 1 and 2 emissions were 16.1 percent lower than the 2018 climate strategy baseline, exceeding the target of 10 percent reduction compared to the baseline. The reductions in 2024 are a result of the fuel switch and electrification at the Alunorte alumina refinery as well as lower production in Aluminium Metal and Hydro Extrusions due to lower demand. Total scope 3 emissions were 12.5 tonnes. This represents a 40 percent reduction of upstream scope 3 emissions per tonnes aluminium produced compared to the 2018 baseline, surpassing the 2030 reduction target of 30 percent.

To reduce pollution risk, Hydro has set a 50 percent reduction target for material non-GHG emissions, from a 2017 baseline, and a fluoride performance target of 0.35 kg F / tonne aluminium for its fully owned smelters, by 2030.

Hydro targets 50 percent reduction in material non-GHG emissions by 2030, including sulphur dioxide (SO2), nitrogen oxide (NOX), and particulate matter (PM). In 2024, total emissions of SO2, NOX and particulate matter were 57 percent, 67 percent, and 37 percent lower, respectively, compared to the 2017 baseline, meeting several of Hydro's emissions targets for 2025. A key driver for this improvement has been the replacement of heavy fuel oil with natural gas at the Alunorte alumina refinery.

To minimize and restore the impacts of mining activities on biodiversity, including local fauna and flora species, Hydro has developed a reforestation program to mitigate forest removal and aims to start restoration of mined areas that are released for rehabilitation within two hydrological seasons. In 2023, Hydro increased its no net loss ambition for biodiversity for the bauxite mine. In addition to achieving no net loss for the future expansion of the mine, Hydro will also include impacts that have occurred since 2020 for the existing mining footprint.

To address material impacts to biodiversity through land use change, Hydro has a 1-to-1 rehabilitation target for areas suppressed by its bauxite mining activities in Hydro's only mine located in Paragominas, Brazil, within two hydrological cycles. Hydro also set an ambition of no net-loss of biodiversity for its bauxite mine, from a 2020 baseline, and no net-loss of biodiversity in new projects.

Hydro targets no net loss of biodiversity for its bauxite mine in Paragominas, Brazil, from a 2020 baseline, and no net loss of biodiversity in new projects. All suppressed land that has been released for rehabilitation prior to 2023, has been rehabilitated within the target of two years hydrological cycles, and a total of 292 hectares started rehabilitation in 2024.

In relation to the company's waste footprint, Hydro aims to eliminate the need for new bauxite residue storage areas by 2050 and to eliminate the landfilling of all other recoverable waste streams by 2040. This includes spent pot lining, which also has an interim 2030 target to reduce landfilling to below 35 percent. Hydro has an 850-1,200 kilotonnes target for post-consumer scrap recycling capacity by 2030.

Hydro targets 850-1200 thousand tonnes of post-consumer scrap (PCS) recycling capacity by 2030. In 2024, Hydro increased its recycling capacity to 700 thousand tonnes, driven by opening new recycling facilities in Høyanger, Norway, and Szekesfehervar, Hungary. In total, Hydro recycled 451 thousand tonnes of post-consumer aluminium scrap in 2024, an increase of 2 percent from 2023. Hydro aims to eliminate landfill of all recoverable waste by 2040, and to landfill less than 35 percent of spent pot linings (SPL) by 2030. In 2024, Hydro landfilled 19 percent of its waste and 43 percent of its SPL.

Hydro targets 25 percent women employees in permanent and temporary positions combined, and 25 percent women in leadership positions by 2025. Hydro's overall gender balance improved one percentage point from 2023, with 24 percent of the Hydro workforce comprising women at the end of 2024. The share of women in management has also increased by one percentage point in the same period, with 21 percent of leadership positions in Hydro comprising women at the end of 2024.

Hydro aims to improve lives and livelihoods wherever it operates by contributing to the protection of human rights and access to equal opportunities, resilient local communities in a changing world, and development of skills and jobs for the future low-carbon economy. Hydro has a target to equip 500,000 people with new skills and education by 2030. Hydro also progressed towards its target to equip 500,000 people with skills and education for the future low-carbon economy by 2030, reaching more than 44,000 people in 2024. In total, 241,000 people have benefitted from Hydro's education and skills initiatives since 2018.

Hydro values human life above all other considerations and will not compromise the health and safety of those working for Hydro or that are affected by the company's activities. Hydro targets zero fatal accidents and life changing injuries. In 2024, the total recordable injury (TRI) rate was 2.0 per million hours worked by employees and contractors, with the majority of injuries relatively minor.

Hydro also supports social and economic development in the communities where it operates. Read more about the skills development, community investments and efforts to support just transition in the sections on Affected communities and Human rights. In 2024, Hydro spent NOK 300 million in its local communities including community investments, TerPaz (local community centers), donations and sponsorships, and launched its program to increase funding to projects aligned with Hydro's Just Transition priorities in the communities where it operates. In addition to this, Hydro made a provision in December 2024 of NOK 300 million to support communities along the pipeline between the Paragominas mine and Alunorte refinery in Brazil. The provisioned funds will support infrastructure, local production facilities, and skills development.

Hydro's values of care, courage and collaboration, reflect how the company aims at interacting with its employees, local communities, customers and suppliers. Care - We act with respect for people and the environment, and place safety at the heart of our operations. Courage - We break new ground and take measured risks with agility, accountability, and foresight. Collaboration - We work as partners internally and externally to unite competencies and create win-win opportunities.

Substantiated claims of corruption: Zero substantiated claims of corruption. Ambitions and targets: Zero substantiated claims of corruption. 2024: 1, 2023: 0, 2022: 0.