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31 July 2020

Elval has achieved ASI Performance Standard certification for its operations in Oinofyta, Greece. The plant produces innovative and competitive flat rolled products destined for a diverse group of sectors and uses including packaging, transportation, automotive, HVAC&R, building and construction, energy and industrial applications among others.

Aluminium Stewardship Initiative (ASI) today announced that Elval’s rolling facility has been successfully certified against the ASI Performance Standard for responsible production, sourcing and stewardship of aluminium. The certification scope covers the facility’s re-melting and casthouse facilities, hot/cold rolling, coil coating and finishing lines. The facility has an annual capacity of 300,000 tonnes and exports over 80% of its production to more than 60 countries.

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 defines environmental, social and governance principles and criteria, with the aim to address sustainability issues in the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of Governance, Environment and Social, which address key issues such as biodiversity, Indigenous Peoples rights, and greenhouse gas emissions. The independent, third-party audit of the Elval plant was carried out by DNV GL.

Fiona Solomon, Chief Executive Officer at ASI said, “We warmly congratulate Elval on its ASI Performance Standard certification, the first of its kind for a facility in Greece. The multitude of applications of the company’s products – like lightweighting in transport and automotive, energy efficiency in building and construction, production of renewable energy and power network elements, among others — makes it an important gateway for bringing responsible production and sourcing of aluminium to downstream sustainability related sectors.”

“We are proud to develop industry-leading aluminium solutions, fully embracing the principles of sustainable growth, which has always been a core objective for Elval. The certification of our operations at Oinofyta plant to the ASI Performance Standard reinforces our profound commitment on responsible production and demonstrates the efficiency of our procedures and methods on environmental protection, social responsibility and corporate governance towards our employees, our business partners, our customers and the society” stated Mr Lampros Varouchas, Managing Director of Elval.

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