ASI certifies China Hongqiao Group Co., Ltd. subsidiary operation Yunnan Hongtai New Material Co., Ltd. against Performance Standard
China Hongqiao Group Co., Ltd. has achieved ASI Performance Standard V2 (2017) Certification its subsidiary operation Yunnan Hongtai New Material Co., Ltd. The main processes of the facility include research and development, production and sales of liquid aluminium and aluminium ingots products.
Aluminium Stewardship Initiative (ASI) today announced that China Hongqiao Group Co., Ltd. has been certified against the ASI Performance Standard at its subsidiary Yunnan Hongtai New Material Co., Ltd. in Wenshan City, Yunnan Province, China. Its smelting operations are based on hydro power with a design capacity of 2.03 million tonnes per year of liquid aluminium and aluminium ingots.
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 Environment, Social, and Governance, which address key issues such as biodiversity, labour rights, Indigenous Peoples rights, and greenhouse gas emissions.
The independent, third-party audits of the eight China Hongqiao Group Co., Ltd. subsidiary operations was carried out by DNV Business Assurance Services UK Ltd.
“We congratulate China Hongqiao Group Co., Ltd. for achieving ASI Performance Standard Certification at its Yunnan Hongtai smelting operation. By shifting a substantial amount of its aluminium smelting capacity to be based on hydro power, the company has demonstrated the importance it places on addressing the carbon intensity of its smelting operations and their impact on climate change. The Yunnan Hongtai operation is significant in scale, making their commitment to responsible production practices important for the industry as a whole.”
– Fiona Solomon, Chief Executive Officer at ASI
“Yunnan Hongtai New Materials Co., Ltd. make good use of Wenshan’s rich clean hydropower and natural resources to go down our green and low-carbon development path and adjust our energy structure. We are honored to be certified against the ASI Performance Standard. We will take it as a new starting point, keep tackling global technical conundrums and leading the industrial innovation in production technology.”
– Wang Liyong, General Manager of Yunnan Hongtai New Materials Co., Ltd.