ACG Joins Forces With EY-Parthenon For Strategic Partnership
ACG partners with EY-Parthenon to achieve net zero emissions, align with SBTi, and comply with EU CBAM, focusing on reducing carbon footprint.
Breaking News
Jun 13, 2024
Mrudula Kulkarni
ACG has
teamed up with EY-Parthenon to strengthen its sustainability efforts by
developing a detailed plan for achieving net zero emissions. Moreover, this
partnership will also focus on aligning with the SBTi i.e., Science Based
Targets initiative, a widely respected framework that helps companies set
emissions reduction goals based on current climate science.
The
collaboration between the two companies aims to greatly cut down on carbon
emissions and advance sustainable practices throughout ACG’s operations. To
kickstart this effort, they have started by conducting a thorough inventory of
greenhouse gas emissions (GHG) and assessing the carbon footprint of their
flagship products.
Due to ACG’s
substantial export of aluminium-based films and foils to the European Union, EY
Parthenon has undertaken a detailed evaluation of the implications of the
Carbon Border Adjustment Mechanism (CBAM) for ACG. This assessment aims to
ensure that ACG achieves full compliance with CBAM requirements. It has also
offered valuable insights into ACG’s emissions profile, pinpointing key areas
where focused sustainability initiatives are needed.