Slide 1: Norsk Hydro Sustainability Strategy
Norsk Hydro Sustainability Strategy 26.05.2025
Slide 2: Execute on ambitious decarbonization and technology road map, step up to contribute to nature positive and a just transition
Execute on ambitious decarbonization and technology road map, step up to contribute to nature positive and a just transition Climate Nature Social Forcefully deliver on net-zero roadmap, Contribute to a nature positive future through Improve lives and livelihoods wherever we decarbonizing our value
Slide 3: Low-carbon footprint due to renewable energy base and industry lowest energy consumption
Low-carbon footprint due to renewable energy base and industry lowest energy consumption Total emissions, in tonne CO2/t al Energy consumption in Hydro smelters1), kwh/kg al 18 17,5 18 16 16 15,0 14,8 14,4 13.9 14,1 14 13,1 14 12,5 12,3 11.8 12 12 10 10 8 8 6 6 4 4 2 2 0 0 Hydro Karmøy Hydro Hydro H
Slide 4: Climate
Climate Decarbonizing our value chain
Slide 5: Decarbonizing across the value chain
Decarbonizing across the value chain Forcefully addressing all sources of GHG emissions in the value chain 2018 2025 2030 2050 (or earlier) 10% carbon emission 30% carbon emission Zero carbon reduction reduction emissions Initatives to reach zero Brazil energy Carbon capture Casthouse Energy efficie
Slide 6: Progressing on the roadmap towards net-zero
Progressing on the roadmap towards net-zero GHG emissions – ownership equity1) Million tonnes CO2e (% of 2018 baseline emissions2)) 10 Achieved reductions Reduction targets since 2018 10% by 2025 30% by 2030 100% by 2050 Status • Fuel switch from heavy fuel oil to natural gas at Alunorte (~434,000 t
Slide 7: Bauxite & Alumina - Greener alumina roadmap
Bauxite & Alumina - Greener alumina roadmap Alunorte will reduce emissions by 70 percent by 2030 from 2017 baseline Decarbonization roadmap for Bauxite & Alumina Tonnes CO2e per tonne Alumina Lowering the position on the emission curve from the first quartile to the first decile Alunorte is currentl
Slide 8: Aluminium Metal - Three paths to net-zero
Aluminium Metal - Three paths to net-zero Clear technology roadmap to deliver industrial volumes of zero carbon aluminium by 2030 Phase out of fossil fuels Removal of process emissions Recycling Technologies for more PCS use • Alunorte fuel switch • Carbon capture and storage (CCS) • Increased recyc
Slide 9: Hydro Energy - Supporting industries on the road to net-zero
Hydro Energy - Supporting industries on the road to net-zero Partnership with Fritzøe to Decarbonizing Hydro’s alumina Enabling energy efficiency at develop renewables in Norway production in Brazil Norwegian aluminium plants • Renewable energy development in • PPAs between Alunorte refinery and • S
Slide 10: Nature
Nature Nature-positive ambitions
Slide 11: Contributing to the global Nature Positive goal
Contributing to the global Nature Positive goal Ambition for No Net Loss (NNL) Partnering to contribute Value chain of biodiversity to nature positive outcomes emissions Paragominas bauxite mine: Teaming up with Mercedes-Benz: Direct emissions • Developing KPIs for NNL target from a 2020 • Mercedes
Slide 12: Hydro is contributing to a nature positive future
Hydro is contributing to a nature positive future … … through research, partnerships and transparency to deliver … through landscape initiatives and supply chain action system transformation No Net Loss Ambition for Paragominas Biodiversity Research Consortium • 10-year research partnership • No Net
Slide 13: Bauxite & Alumina – Contributing to nature positive in Brazil
Bauxite & Alumina – Contributing to nature positive in Brazil Nature: Ensuring optimal footprint • Hydro is a world leader in: • Reforestation through its deforestation- mining reforestation 3 years cycle. • Tailings dry backfill implemented in bauxite mining, which removes the need to create any ne
Slide 14: Social
Social Aiming for positive impact
Slide 15: Improving lives and livelihoods wherever we operate, supporting a Just Transition
Improving lives and livelihoods wherever we operate, supporting a Just Transition Respect and promote human rights Fundament Strengthening of the human rights’ due diligence processes for own operations, value chain and affected communities Areas of impact Support positive Invest in Responsible loca
Slide 16: Hydro's Human Rights due diligence consists of four core elements
Hydro’s Human Rights due diligence consists of four core elements Policy commitment and Stakeholder engagement Grievance mechanism Ongoing due diligence governance and remediation Hydro’s is committed to respect, We engage and collaborate with To help facilitate informed and As part of the due dilig
Slide 17: Sustainable regulation
Sustainable regulation Actively cooperating with institutions
Slide 18: EU agenda supporting Hydro's strategy
EU agenda supporting Hydro’s strategy Regulatory framework supporting strategic direction Critical Raw Material Act • Aluminium defined as a critical and strategic raw material • Important recognition of aluminium’s role for EU strategic autonomy and the green transition Sustainability legislation •
Slide 19: Securing a level playing field
Securing a level playing field Three key challenges and solutions for CBAM to 2040 1. Scrap loophole must be closed • Imports based on remelted scrap are assigned zero emissions, creating a giant loophole • CBAM must recognize the emissions from imported, re-melted scrap 2. Product scope must be ext
Slide 20: Rating and Peers
Rating and Peers Striving to be at the industry forefront
Slide 21: Safe and responsible operations is a top priority
Safe and responsible operations Continuing efforts within ESG performance is a top priority • Transparent and consistent reporting approach for more than three decades Leadership in health and safety, social responsibility, • Sustainability is fully integrated in Hydro’s strategy and compliance as a
Slide 22: Many vying to take sustainable aluminium leading positions
Many vying to take sustainable aluminium leading positions Only Hydro with integrated advantage Customer Share of Global Primary and recycling Decarbonization co-innovation “One roof” mine to renewables presence capabilites technology roadmap on end products component traceability Peer 1 Peer 2 Clos
Slide 23: Hydro
Hydro