Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. To tackle our global challenges, the world needs to produce and consume in new ways. We want 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.
When founded in 1905, Hydro’s objective was to resolve one of the world’s biggest challenges at the time – to feed a starving Europe and end world hunger. Our purpose is still to create a more viable society. As the world is different today, the way for us as a company to fulfill this purpose has radically changed, too.
Right now, we are again at a defining moment in history, facing fundamental challenges such as the climate crisis, inequality and loss of biodiversity.
The world has set a common ambition to strive for fairness and prosperity with a society where all basic needs are met, and nature is protected and restored. We all play an important part in creating such a world in which more than 9 billion people live well by 2050.
Industry, the financial markets and customers need to be the main drivers to combat climate change and implement the green transition. At the same time, in order for us to reach the climate targets in the Paris agreement, we also need help from, and must work together with, regulators and governments to enable this transition.
Business plays an important role, as we can contribute to a just transition and protect nature by developing new technologies and solutions.
For Hydro as an industrial company, we know we are part of the problem. But that also makes us part of the solution.
We are further developing business models that avoid impact to people and to the environment. We work to ensure decent work centered on inclusion, dialogue and respect. We plan to cut our emissions towards net zero, strengthen our position in low-carbon aluminum, and diversify and grow in new energy
To contribute to solve our common global challenges, we need to produce and consume in new ways. Our ambition is to contribute to creating a fair society and circular economy. We will do this by producing responsibly, offering zero-carbon aluminium, circular solutions and more renewable energy.
In this way, we are creating industries that matter for years to come.