Novelis Inc., the leading sustainable aluminum solutions provider and world leader in aluminum rolling and recycling, today announced it has joined the First Movers Coalition (FMC), a global initiative aimed at decarbonizing eight "hard to abate" sectors. Through the partnership, Novelis will take a prominent role among a global network of forward-thinking companies committed to jumpstarting demand for clean energy technologies aimed at dramatically reducing carbon emissions from the aluminum manufacturing process.

The FMC — launched during the 26^th United Nations Climate Change Conference (COP26) in October 2021 — is a joint venture of the World Economic Forum and the U.S. Department of State. The FMC serves as a platform for businesses around the world, alongside governments, to leverage their purchasing power and supply chains to create early markets for innovative, clean energy technologies. As such, the improvements must reach commercial scale by 2030 to achieve net-zero emissions globally by 2050.

"Novelis is eager to continue our efforts to decarbonize the aluminum industry, as well as support decarbonization in numerous adjacent industries relying on aluminum, by joining the First Movers Coalition," said Steve Fisher, President and Chief Executive Officer, Novelis Inc. "Recycling aluminum is far less energy-intensive than producing primary aluminum, and we want that energy to come from 'sustainable' sources. Aluminum has the potential to reach a near zero-carbon footprint, but it requires investment in clean energy and taking some risks to move the industry forward. Partnerships like the First Movers Coalition can spur those investments by supporting an emerging market for developing technologies. Novelis welcomes the opportunity to join FMC and accelerate innovation in our industry."