Randoncorp has reinforced its leadership in decarbonisation at the World Economic Forum in Davos by joining the First Movers Coalition.
As a result, the company becomes the second in Brazil to join the global initiative for the aluminium sector and strengthens its position as one of Brazil’s leading references in industrial sustainability.
The other Brazilian member of the First Movers Coalition is Companhia Brasileira de Alumínio (CBA).
Randoncorp’s entry into the coalition was enabled by proactive action toward its environmental goals, especially the use of low-carbon aluminium.
The First Movers Coalition is a global initiative led by the World Economic Forum that brings together companies committed to accelerating decarbonisation across value chains.
The company’s membership was formalised on 19 January, during the World Economic Forum in Davos, Switzerland, which runs until 23 January.
Randoncorp already uses ‘green aluminium’, with rates above the 10 per cent target set by the First Movers Coalition.
The material was supplied by CBA, a strategic aluminium supply partner, reinforcing Randoncorp’s commitment to prioritising inputs with lower carbon intensity and more sustainable production chains.
“Our adherence to the First Movers Coalition acknowledged that Randoncorp not only sets commitments but also mobilises partners and delivers tangible decarbonisation results,” said Randoncorp President and CEO, Daniel Randon.
“Increasingly, major global clients expect lower-carbon value chains, and we are prepared to meet that demand.
“By catalysing decisive industry movements, we strengthen our role as a leading force in building more sustainable mobility.”
Presence in Davos and panels at Brazil House
Randoncorp was also among the group of Brazilian companies present at Brazil House, during the WEF, a space organised by BTG Pactual in partnership with Vale, Be8 and Gerdau.
During the event, Randoncorp hosted two panels – ‘Low-carbon economy: pathways to a sustainable transition’ and ‘Sustainable investments: trends, challenges and opportunities’.
Sustainable finance and climate commitment
Randoncorp took part in a panel on sustainable financing featuring its case with IFC, a member of the World Bank Group operating in the private sector.
IFC is anchored to sustainability commitments, including environmental, social and governance (ESG) pillars. Among these commitments is the target to reduce greenhouse gas emissions by 40 per cent by 2030.
The funds raised supported strategic decarbonisation initiatives, such as the Green Boiler project, focused on energy efficiency, emissions reduction and the sustainable modernisation of operations.
“Sustainable finance is a strategic tool to accelerate the industry’s climate transition,” said Randoncorp’s Director of Institutional Relations, Joarez Piccinini.
“In our case, it is directly linked to measurable targets, governance and structural projects that generate positive environmental impact and strengthen the company’s long-term competitiveness.”
Having joined the First Movers Coalition, coupled with its WEF participation, Randoncorp sees it has further consolidating its corporate leadership, the hallmarks of which are competitiveness, industrial innovation and climate responsibility, contributing effectively to the transition toward a low-carbon economy.
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