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Employee at Paragominas mine, Brazil

Stories by Hydro

Bottom line: Profit and sustainability

The core of Hydro’s strategy is “Lifting profitability, driving sustainability” – and our 2021 performance shows it is possible to do both.

Hydro enjoyed record financial results in 2021, including an internal improvement program target that was exceeded by 25%. Yet our environmental performance demonstrates that we can combine financial excellence with progress on the sustainability front.

Here are just a few of our environmental achievements in 2021:

  • Total greenhouse gas (GHG) emissions decreased compared to our climate strategy’s baseline.
  • Biodiversity targets in rehabilitating land were met at our bauxite mining site in Paragominas, Brazil.
  • 335,000 tonnes of post-consumer aluminium scrap were recycled last year.

In our bauxite tailings management at the Paragominas mine, we implemented the Tailings Dry Backfill methodology, developed in 2020. This allowed us to return the tailings to mined areas as part of our land rehabilitation, and eliminated the need to build new tailings storage facilities.

Supporting 2050 goals

This performance is important to meeting our sustainability ambitions, launched in December 2021, to guide our efforts toward the goal of net-zero emissions by 2050.

Hydro wants to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy.

“Our performance shows that profitability and sustainability can go hand in hand,” says Hydro President & CEO Hilde Merete Aasheim. “This is essential to meeting our goals for the climate, environment and society today, and toward 2050.”

Go deeper with Our sustainability ambitions and the Annual Report 2021.

Want to know more about our sustainability ambitions towards 2050? Click here

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