ASI certifies INNOVATION New Material Technology Co., Ltd.’s subsidiary against Performance Standard V3
The facility manufactures un-forged aluminium alloy billets and profiles, with processes including melting, casting, cutting, homogenising, profile extruding, and computer numerical control machining.
17 May 2024
Aluminium Stewardship Initiative (ASI) today announced that INNOVATION New Material Technology Co., Ltd’s subsidiary, Suzhou Chuangtai Alloy Material Co., Ltd. has been certified against the ASI Performance Standard V3 (2022). The company manages the processing, sales, and production technology research and development of new aluminium alloyMaterials and lightweight aluminium magnesium alloy materials for the transportation sector as well as computers, consumer electronics and communications devices. The facility has an annual designed production capacity of 250,000 tonnes for casting and 60,000 tonnes for extrusion.
The ASI Certification program was developed through an extensive multi-stakeholder consultation process and is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The ASI Performance Standard V3 (2022) defines 11 principles and 62 criteria under three sustainability pillars – Environment, Social, and Governance – with the aim to address pressing sustainability issues in the aluminium value chain.
The independent, third-party audit of the INNOVATION New Material Technology Co., Ltd facility was carried out by SGS-CSTC Standards Technical Services. A full listing of audit findings outlining evidence of conformances and minor non-conformances is available from page 5 of the summary audit report, linked below. Four minor non-conformances are noted under Criteria 1.1 Legal Compliance, 2.4a-e Responsible Sourcing, 7.2a-e Water Management and 10.8a-c Working Time. During the Certification Period, INNOVATION New Material Technology Co., Ltd will be implementing a corrective action plan, which will be verified in follow-up audits.
“We congratulate INNOVATION New Material Technology Co., Ltd on achieving Performance Standard Certification V3 (2022) for its Suzhou Chuangtai Alloy Material Co., Ltd. facility. Aluminium is increasingly vital across the transportation and consumer electronics industries due to its beneficial properties for lightweighting, durability, and recyclability. The company’s ASI Certification highlights their commitment to responsible production processes and serves as a roadmap towards improving their ESG outcomes into the future.”
– Fiona Solomon, Chief Executive Officer of the Aluminium Stewardship Initiative
“The success of Chuangtai’s ASI Performance Standard certification is the result of our unremitting efforts and the recognition of our continuous pursuit of excellence. At this time full of challenges and opportunities, we are fully aware that the continuous improvement of quality and environmental protection standards is our responsibility to the society and the future. With the concept of “Innovation for the Future”, we are committed to promoting the development of high technology and environmental protection for the benefit of society. At the same time, we will continue to strengthen local and global partnerships to ensure that the production and procurement process is in strict compliance with responsible guidelines, and continue to provide high-quality, reliable products and services. Let’s work hand in hand to create a better tomorrow.”
– Yan Heqing, General Manager of Suzhou Chuangtai Alloy Material Co., Ltd.
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