En+ first Russian company with UN recognised Energy Compact
(Posted on 07/12/21)
En+ Group, the world’s largest producer of low carbon aluminium, has received confirmation from UN Energy that its commitments to expanding clean energy generation and access have been officially recognised as an Energy Compact. The compact covers energy efficiency measures under its “New Energy” Modernisation programme, as well as its supply of International Renewable Energy Certificates (I-RECs) to customers around the world.
Energy Compacts were launched by UN Energy as voluntary commitments by countries, businesses, and cities to support SDG 7 by accelerating the transition to clean energy and improving energy access for billions of people. En+ Group is one of just 28 companies globally with a recognised compact and the first in Russia to make such a commitment.
Through modernisation, the company’s “New Energy” programme is boosting the electricity generated by its hydropower plants using the same volume of water passing through the turbines. This expanded renewable capacity can be used to substitute coal-based power and is expected to cut carbon emissions by 26.6 Mt between 2007 and 2025.
Since December 2020, the company has also been a major issuer of I-RECs, which provide purchasers an opportunity to buy renewable energy even when they cannot source it directly from their local grid. Each certificate is verified to international standards and corresponds to a set amount of clean energy produced by En+. Over the last year, the company has issued more than a million certificates and predicts annual sales could reach between 2.5 and 3.5 million.
Lord Barker of Battle, Executive Chairman of En+ Group, said, “En+ Group is proud to be recognised as a global leader on clean energy. Our Energy Compact holds us to some big commitments, and we are pushing ahead with clean actions to realise our vision for a low-carbon economy.
We hope that our programme can serve as an inspiration to other businesses to step up and make the changes necessary to safeguard our planet for future generations.”
Latest News
Pilbara production record as Rio Tinto releases Q2 results
(Posted on 16/07/26)Rio Tinto has driven performance to achieve 3% YoY CuEq1 growth in the first half of 2026.Chief Executive... Read more
Record iron ore production helps strengthen BHP growth pipeline
(Posted on 16/07/26)BHP have released its Operational Review for the year ended 30 June 2026.Chief Executive Officer, Brandon... Read more
Stranded sulphur cargoes in Gulf face mounting corrosion risk, warns Brookes Bell
(Posted on 07/07/26)Bulk carriers carrying elemental sulphur cargoes in the Strait of Hormuz are at significant risk of... Read more
BHP and Faraday Copper sign definitive San Manuel agreement
(Posted on 06/07/26)Further to BHP’s announcement in February, BHP, through a wholly owned subsidiary, has executed... Read more
Urea price dive hits Australian grain suppliers
(Posted on 03/07/26)Australia’s Federal Government's fertiliser support package has come under scrutiny as global... Read more
SSAB pauses work at construction site in Luleå
(Posted on 30/06/26)SSAB has once again paused work at the construction site for its new steel mill in Luleå, Sweden... Read more
Trafigura issues USD500 million senior bond
(Posted on 29/06/26)Trafigura Group Pte Ltd. has announced the issuance of a USD500 million senior Reg S bond with a five... Read more
NGFA welcomes Senate Farm Bill proposal
(Posted on 29/06/26)The National Grain and Feed Association (NGFA) in the USA has welcomed the release of Senate Agriculture... Read more
Agreement paves way to deliver 2.7 million tonnes of additional copper production
(Posted on 25/06/26)Anglo American plc, through its 50.1%-owned subsidiary, Anglo American Sur S.A., and Codelco, have announced... Read more
SSAB and partners launch closed loop steel recycling initiative in US
(Posted on 24/06/26)SSAB Americas, The Greenbrier Companies and Alter Trading are partnering on a circular economy project... Read more
