ASI certifies China Hongqiao Group Co., Ltd.’s subsidiary against Performance Standard V3
The facilities’ processes include re-melting of scrap metal to produce aluminium ingot and liquid metal.
1 March 2024
Aluminium Stewardship Initiative (ASI) today announced that Shandong Hongqiao Scholz Circular Economy Science & Technology Co., Ltd., a subsidiary of China Hongqiao Group Co., Ltd. has been certified against the ASI Performance Standard V3 (2022). The facility’s pretreatment lines and crushing lines currently dismantle 40,000 scrapped vehicles and produce 200,000 tonnes of recycled aluminium annually.
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 China Hongqiao Group Co., Ltd. subsidiary’s facilities was carried out by DNV Business Assurance Services UK Ltd. 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 5.1a-b Disclosure of GHG Emissions and Energy Use, 10.8a-c Working Time, 11.1a Occupational Health and Safety (OH&S) Management System and 11.1b-e Occupational Health and Safety (OH&S) Management System – Reviews and disclosure. During the Certification Period, the China Hongqiao Group Co., Ltd. subsidiary will be implementing a corrective action plan, which will be verified in follow-up audits.
“We congratulate Shandong Hongqiao Scholz Circular Economy Science & Technology Co., Ltd., subsidiary of China Hongqiao Group, on achieving Performance Standard Certification V3 (2022). The company’s operations play an important role in the task of recycling scrap cars in China where, in the context of China’s robust automotive market, effective recycling is both environmentally sound and economically necessary. Turning scrap into valuable material in a circular model is essential to reducing the carbon intensity of aluminium and exemplifies how recycling can be smart business in a resource-intensive industry. Their ASI Certification demonstrates that the company’s sustainability journey is not only about reduced GHG emissions, but also addresses a broad range of ESG issues.”
– Fiona Solomon, Chief Executive Officer of the Aluminium Stewardship Initiative
“We are honored that Shandong Hongqiao Scholz Circular Economy Science & Technology Co., Ltd. has been certified against the ASI Performance Standard. Our company leverages sophisticated technologies for dismantling scrapped vehicles, automating metal crushing and sorting, and ensuring the purity and reusability of recycled aluminum. Benefiting from China Hongqiao Group’s resource base and Scholz Group’s expertise in industrial information management, our vertically integrated approach not only recycles but also remanufactures valuable materials. We are committed to nurturing talent and fostering innovation, focusing on delivering high-value products and comprehensive solutions. As we advance towards a digital and intelligent future in resource recycling, we aim to establish a substantial domestic platform for trading recycled materials, including scrap cars and aluminum. This initiative is a critical step in enhancing the recycling segment of Binzhou’s aluminum industry chain, furthering the region’s and China’s move towards a more circular economy.”
– Brian Yao, General Manager of Shandong Hongqiao Scholz Circular Economy Science & Technology Co., Ltd.
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