Zhang Bo is CEO and chairman of China Hongqiao Group, one of the world’s top aluminum producers. As part of its goal to reach net-zero emissions by 2055, Hongqiao is currently in the process of moving its aluminum smelting facilities away from coal-fired power to regions in China that offer low-carbon electricity. As of this year, it has moved 1.5 million metric tons of smelting capacity—the operations are now powered by hydroelectricity. This is expected to cut the carbon pollution from those smelters by 30% by the end of this year. And by 2025, it aims to move a total 4 million metric tons. Speaking at the Qingdao Multinationals Summit in 2022 announcing the company’s climate goals, he said: “We also pledge to make good use of our influence along the industrial chain, inviting all partners and friends to join our decarbonization efforts and to pursue green and low-carbon development.”
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