CHALCO

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

Chalco has not set any emissions reduction targets. The company should develop a long-term target that aligns with a 1.5°C pathway and covers its scope 1, 2 and 3 emissions. Additionally, the company should set intermediate targets at gaps of no more than five years to incentivise near-term action on its longer-term goals. It should also clearly report its base year emissions and any offsetting it intends to use to allow for a complete analysis of its targets and progress against them.

Chalco lacks a transition plan or climate strategy with financial estimations and associated costs. Moreover, the company does not disclose who bears ultimate responsibility for climate change issues or the related expertise of responsible parties. The company also does not disclose its revenues from low-carbon products, and there is no evidence to suggest that it is creating or expanding low-carbon business models or implementing actions to decarbonise activities within its existing business models. The company is recommended to establish targets and develop both short- and long-term action plans.

Although Chalco states that its energy segment includes renewable energy generation, there is no evidence that the company uses low-carbon electricity. Additionally, no evidence was found that the company has commitments to reduce scrap in its operations. The company should develop a comprehensive plan for scrap reduction with quantitative targets and a timeline. It should also detail its method for implementing this plan. Moreover, the plan should be regularly monitored and its responsibility should lie with high-level employees in the company. Chalco has not disclosed its research and development (R&D) expenditure in the last three years, nor has it provided quantitative data on its investment in low-carbon technologies.

Chalco lacks both supplier and client engagement strategies to promote emissions reduction and the low-carbon transition. Moreover, the company lacks a policy for engaging with trade associations on climate change. The company should encourage emissions reduction by shifting demand towards low-carbon alternatives and implementing action plans. Additionally, it should consider publicly committing to the Paris Agreement and actively participating in initiatives to strengthen its commitment to emissions reduction.

Chalco does not publicly disclose its emissions data and does not have emissions reduction targets for any of its scope 1, 2 or 3 emissions originating from its operations or its supply chain. The company has not developed a vision of what its business will look like in a low-carbon future. Being among the top ten emitters within the industry, Chalco should immediately set targets aligned with the Paris Agreement.

Chalco is aware that the Chinese government encourages companies to reduce their emissions. Additionally, the company knows that its operations are subject to national and local environmental laws and regulations in the People’s Republic of China, including laws and regulations governing pollutant emissions and waste generation. However, the company has not taken any actions towards achieving a low-carbon transition aligned with the Paris Agreement. Chalco urgently needs to implement a low-carbon strategy which includes financial estimations and associated costs, as well as set out short- and long-term action plans.

Chalco does not disclose any emissions intensity or absolute emissions data to analyse its emissions performance to date. There is also no evidence that the company has a strategy to engage its clients and suppliers to reduce emissions.

Chalco does not provide information regarding its low-carbon capital expenditure and low-carbon mitigation R&D. The company also does not disclose whether it is creating or expanding low-carbon business models or implementing actions to decarbonise activities within its existing business models.

Chalco does not have a transition plan in place and there is no evidence it intends to develop one in the near future.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders. No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.
No relevant disclosure was found of the company’s assessment of employment dislocation risks. Further, no public commitment by the company was found stating its intention to reskill and upskill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies the impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to their social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.
No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No company policies or commitments related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

No evidence of the company’s policies or commitments related to key decent work issues was found in the public domain. These issues include the provision of safe, secure healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.  However, the company discloses some indicators of workforce diversity, such as age and gender.

No company policies or commitments related to key ethical business topics – personal data protection, tax, bribery and corruption, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations. However, the company does include anti-bribery and anti-corruption clauses in its business relationship contracts.