Constellium discussed decarbonization initiatives at White House Roundtable

Rhea-AI Summary

On March 3, 2023, Constellium's CEO, Jean-Marc Germain, participated in a White House roundtable focused on industrial innovation and decarbonization, alongside U.S. officials and industry leaders. Germain emphasized the significance of public investments, such as those from the Inflation Reduction Act, to facilitate a transition to low-carbon operations while ensuring job protection and competitiveness. He underscored recycling's vital role in a sustainable economy and advocated for enhanced recycling initiatives. Constellium aims to reduce its greenhouse gas emissions intensity by 30% by 2030 compared to 2021 and to utilize at least 50% recycled input by the same year.

Positive

• Constellium aims to reduce greenhouse gas emissions intensity by 30% by 2030 vs. 2021.
• The company plans to increase its recycled input to at least 50% by 2030.
• Participation in the White House roundtable highlights Constellium's commitment to sustainability and collaboration with the government.

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• None.

PARIS, March 06, 2023 (GLOBE NEWSWIRE) -- Jean-Marc Germain, CEO of Constellium, attended the Roundtable on Industrial Innovation and Decarbonization at the White House on March 3, 2023, together with senior-level officials of the Biden-Harris Administration, other major industrial companies and labor leaders, to share Constellium’s efforts to reduce its greenhouse gas emissions and discuss how the Administration and the private sector can collaborate to address climate change issues.

During this roundtable, Mr. Germain stated his support for public investments such as the ones made through the Inflation Reduction Act and the Bipartisan Infrastructure Law, which are essential to accelerate the transition to low-carbon. The Administration should ensure that the industry continues to operate in a fair environment during this transition, to protect jobs and competitiveness. Lastly, Mr. Germain highlighted the key role of recycling in a low-carbon economy, and advocated for deposit return programs to increase the recycling rate in the U.S.

“I was honored to be invited to participate in this roundtable at the White House, and was thrilled to learn more about the many initiatives and efforts of the industry and the Administration to promote a low-carbon economy,” said Jean-Marc Germain, CEO of Constellium. “Decarbonization is a critical topic that requires collaboration between the public and the private sectors, and Constellium is eager to continue to support efforts to reduce carbon emissions and promote a circular economy.”

Constellium has disclosed its commitment to reduce its greenhouse gas emissions intensity by 30% in 2030 vs. 2021, and to increase its recycled input to at least 50% by 2030.

About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €8.1 billion of revenue in 2022.

Jason Hershiser– Investor Relations
Phone: +1 (443) 988-0600
investor-relations@constellium.com

Delphine Dahan-Kocher – Communications
Phone: +1 443 420 7860
delphine.dahan-kocher@constellium.com

FAQ

What did Constellium's CEO discuss at the White House roundtable on March 3, 2023?

Jean-Marc Germain discussed Constellium's efforts in reducing greenhouse gas emissions and the importance of public-private collaboration for climate change.

What are Constellium's greenhouse gas emission reduction targets?

Constellium aims to reduce its greenhouse gas emissions intensity by 30% by 2030 compared to 2021 levels.

How much recycled input does Constellium plan to use by 2030?

Constellium plans to increase its recycled input to at least 50% by 2030.

What public investments did Germain support during the roundtable?

Germain supported investments made through the Inflation Reduction Act and the Bipartisan Infrastructure Law as essential for a low-carbon transition.