Aluminum solutions

that transform
people’s lives

Companhia Brasileira de Alumínio

 Aluminum solutions that transform
PURPOSE people’s lives

Consolidate CBA as a benchmark in

ASPIRATION
sustainability

Deliver an offering of low-carbon aluminum

products and sustainable solutions in partnership with
our stakeholders, while developing the communities
where the Company operates and positively
MANDATE influencing the end-to-end aluminum value chain

The seal of the new millenium

The seal of your aluminum

 2030 ESG Strategy

ENVIRONMENTAL SOCIAL GOVERNANCE

E1 - Climate Change S1 - Valuing people G1 - Sustainable Value Chain
LEVERS E2 - Renewable Energy S2 - Social Legacy G2 - Ethics and Transparency
How CBA wants to E3 - Circular Economy G3 - ESG Ownership
deliver the journey E4 - Natural Resources
by 2030 E5 - Tailing Dam Management
ESG communications (Transversal Theme)

Programs

P1 - Climate mitigation and P6 - Water Stewardship P11 - Social Legacy

STRATEGIC adaptation P7 - Biodiversity P12 - Sustainable Procurement
PROGRAMS P2- Renewable energy generation P8 - Residue Storage Dams P13 - Sustainable Solutions for
P3 - Energy management P9 - Diversity, Equity and Inclusion Customers
P4 - Aluminum recycling P10 - Health, safety and quality of life P14 - Ethics and Transparency
P5 - Carton and flexible packaging P15 - ESG Ownership
recycling
ESG communications (Transversal Program)

ESG as a corporate target

Corporate targets aligned with our 2030
ESG Strategy are tied to variable Annual Report
compensation for eligible employees
Our commitments, ratings, indices and certifications

Indices Ratings Certifications Recognition

RATING First primary

B WATER aluminum Certified in First place in the
company to performance and Mining, Metallurgy
achieve the A list chain of custody and Steel Sector
on Climate Change

Commitments

First primary aluminum

company to have targets
approved by SBTi
 Aluminum industry
Global emissions overview accounts for 2% of global
emissions

Primary Aluminum Smelting Power

Global emissions by sector (%)
Consumption (%)
Other Renewable
(1.3%)
Other industries (10%)

Hydro
(31.3%)
Waste Oil and gas
(4%) production (5%)
Buildings
(7%)
Renewable
Iron and steel (5%) (32.6%)

Industry
Agriculture (31%)
and land
use Cement (5%)
(14%)

Chemicals (4%)
Transport Non-renewable
Other non-renewable (67.4%)
(16%) (0.1%)
Aluminum (2%)

Electricity
Natural Gas
(28%) (9.7%) Coal (56.9%)

Source: adapted from Rhodium Group (2022) and Global Efficiency Intelligence (2022) Source: IAI, 2021. Available in https://international-aluminium.org/statistics/primary-aluminium-
smelting-power-consumption/
 Emissions performance

CBA emissions are 4x lower than the industry average

and 6x lower than aluminum produced using coal
thermal energy

Emissions intensity - Primary aluminum¹ (tCO2e/t Al)

15.04

12.80

3.03 3.41
2.10
0.04 0.01 0.10 0.13
0.24

Mining Refinery Electrolysis Casting Total

Global average²
IAI CBA (Alumínio Plant)
¹Considers only scope 1 and 2 emissions
²For the global average, extracted from the IAI, emissions from Scope 3 of transport and Ancillary materials were not considered
 Recycled aluminum: the Several players with emission
reduction and carbon neutrality
pathway to decarbonization targets

Emissions from the production of primary aluminum by energy Packaging

source versus recycled products (tCO2/t of Al), Scope 1 and 2

15.4

7.4 Automotive

2.6
0.6
Coal Natural gas Hydro Recycled
aluminum
Sources: CRU Smelter Cost Model Q4 2021 and Wood Mackenzie, available at:
https://www.reuters.com/business/environment/metals-recycling-be-key-plank-cutting-emissions-2021-07-15/ Food and Beverage

Recycled aluminum has lower carbon

emissions compared to the primary metal
Greater energy efficiency: production of Construction
recycled aluminum consumes 95% less energy
compared to primary aluminum

Aluminum can be infinitely recycled while

retaining its properties Energy

Aluminum is circular: "closed loop"

practice allows waste reduction and efficient
use of resources
Generating social impact through partnerships
throughout the chain
Focus on recycling: a strategic move for CBA

Investments in recycling

Increased future demand for low- Alux do Brasil: increases CBA’s

carbon and recycled aluminum, competitiveness, allowing internal scrap
processing
with new applications and uses

Strengthening its position as a low- Implementation of the Sidewell

furnace at Metalex, increasing
carbon aluminum producer capacity from 75ktpa to 90ktpa

Profitability: lower results volatility, Scrap Treatment Line at Metalex,

improving the risk/return ratio of increasing the recycled content of
CBA’s portfolio products by up to 80%

ReAl Project: patented technology

Aluminum production volume
for recycling cartons and flexible
growth with lower investment packaging
compared to primary aluminum plants
Thank you!
Luciano Alves

www.cba.com.br
alennium.cba.com.br
passaportedigital.cba.com.br
Climate agenda
performance

Companhia Brasileira de Alumínio

Legado Verdes do Cerrado (GO)

Governance with Independent Committees

Board of
Directors

Remuneration and Statutory Audit Financial Sustainability

People Committee Committee Committee Committee

Executive
Board

Data Sustainable Water Climate

Dam Conduct Crisis Diversity
Protection Procurement Resilience Change
Committee Committee Committee Committee
Committee Committee Committee Committee
Legado Verdes do Cerrado (GO)

2030 ESG Strategy

Climate change
management

P1 – Climate mitigation and adaptation

• Reduce CO2 emissions by 40% (on average for cast

products, cradle-to-gate)

• Create a roadmap to becoming emissions neutral by

2050

• Offer customers a carbon-neutral product range

• Develop a climate change adaptation plan

• Support Public Government Management in climate

mitigation and adaptation
 GHG emissions reduction target

ESG Strategy Goal: Reduce emissions intensity of cast products by 40%

(tCO2e/t Al)*
4.02
3.67 3.50 3.48
3.27 3.16 3.04 2.90 2.76 2.63
3.33 3.00 2.54 2.45
2.97

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Projected Realized * Includes aluminum chain emissions of the

Alumínio, Alux and Metalex plants

26.1% Highlights
emissions reduction** o Biomass boiler retrofit
o Smelter technology upgrade
o Recycling: Alux
** 2019 baseline
o 100% renewable electricity
 Alumina Refinery
CBA boasts the best result in the world
Refinery emissions intensity (tCO2e/t oxide)
• Biomass boiler retrofit: replace the
gas- and oil-fired boilers
• GHG emissions in this stage down
by 60%
Intensity reduction under 1.5DS (tCO2e/t
oxide)

CBA result in 2022

(0.23) in line with
2.0 2.0
the results in 2048
Q1 – 0.87 Q2 – 1.29 Q3 – 1.38 1.7

1.2

0.7
CBA – 0.23
0.4
0.1

2019 2021 2030 2035 2040 2045 2050

Source: CRU – GHG Platform
Source: IAI
 Smelters
CBA's emissions are 4x lower than the global
average

Smelters - electrolysis (t CO2e/t Al)

12.8
8.00
3.03

CBA ASI¹ World²

¹ Reference used by ASI Certification / ² Source: IAI, 2021

Electrolysis emissions intensity (tCO2e/t Al)

Q1 4.25 Q2 13.45 Q3 16.71

CBA 3.03

Source: CRU – GHG Platform

 Recycling
Recycled aluminum has lower emissions due to lower energy
consumption (95% lower than primary aluminum)

Metalex (tCO2e/t billet) Alux (tCO2e/t ingot)

6.6
5.4 65% 91%
4.8 recycle recycle
content content

2.2
1.4
0.4

2019 2020 2021 2022 2030 2022

 Energy Efficiency

Total electricity consumption (thousand MWh)

Electric power:
100% renewable and
traceable electricity
18%
1628 consumption
28%
2473 • 23 Hydropower plants
• 2 Wind farms
72%
6365

82% Electrical Efficiency

6365
Roadmap: three projects
implemented at the Alumínio
plant, which could yield
potential electricity savings of
Renewable source 5 MW
Non-renewable source
Electricity Consumption • Compressed air
Fuel Consumption • Lighting
• Electric motors
 Carbon neutrality roadmap
ESG Strategy Goal: Create a roadmap to becoming emissions
neutral by 2050

Planned mitigations Potential Neutrality

studies

BAU 2030 Biomass

2,228 M t Boiler
CO2e 9% Use of
scrap Smelter
18% technology
100%
upgrade
Renewable
6% Inert
Energy Efficiency and
5% fuels Anode
2.5% 44.5%

CCSU
6% Carbon
credits
9%

Challenge 2030 2050

 Carbon-neutral products
ESG Strategy Goal: Offer customers a carbon-
neutral product range

REDD+ Cerrado
• Legado Verdes do Cerrado: 32,000 hectares
• 1st carbon credit issued for Cerrado conservation in the world
• Capacity to issue 1.3 million tons of carbon credits
• First issuance: 316,000 carbon credits (2017 to 2021)
• High-integrity credit: registered at Verra with the Social Carbon seal

Reflora
• Ecosystem rehabilitation and biodiversity protection by
assisting smallholders to make their land compliant (Legal Reserves
and Permanent Preservation Areas)
• Promoting ecosystem services such as climate regulation,
biodiversity, water resource protection and carbon capture

32 cities 12.7 50 to 80 thousand

already hectares tCO2e emissions to
partaking already be avoided over 20
reclaimed years
 ESG Strategy Goal:
Climate adaptation • Develop a climate change adaptation plan
• Support Public Government Management in
climate mitigation and adaptation

Challenge
• Adaptation has been dispersed, on a small scale, incremental and
responsive to current impacts and short-term risks
• The impacts of climate change on cities mainly threaten the lives of
the most vulnerable people

CBA
• A robust process for identifying climate risks embedded in
the corporate risk management process
• Mitigation and adaptation actions mapped and
incorporated into the management process

Public Management

• Develop a program that supports municipalities in

addressing the current and future effects of climate
change

Legado das Águas (SP)

See our Report and follow
our journey!
 Thank You!
Leandro Campos de Faria
leandro.faria@cba.com.br

www.cba.com.br
alennium.cba.com.br
passaportedigital.cba.com.br