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 green transition
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.
Hydro has set an ambition of net zero by 2050 and we have concrete actions and plans today for how to work to meet this goal.
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.
Learn more about aluminium and circularity
Learn more about renewable energy in Hydro
Environment
Our environmental ambition is to minimize our footprint by proactively managing our impact on biodiversity and by promoting efficient resource and waste management along the value chain.
Climate
We define our ambition and role in decarbonization based on three pillars: striving to deliver zero carbon aluminium product to customers, becoming a net zero company and contributing to avoiding or removing carbon from the broader industry and society.
Human rights
Businesses have a responsibility to respect human rights. We also believe businesses have an important role in supporting and promoting human rights.
Community development and SR
We constantly strive to make a positive difference in the societies we are part of. This is integrated into our purpose, values and business strategy.
Corporate governance
The Hydro system is based on the delegation of responsibility to our business areas and to corporate functions that manage, among other areas, finance, tax and accounting. We maintain uniformly high standards by utilizing common requirements across all sections of our business.
Business integrity
We are a global aluminium company, present in every step of the value chain, from mine to metal products and solutions. We are committed to applying ethical business practices and compliance throughout our organization and supply chain.
