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Who
we are

Companhia Brasileira de Alumínio (CBA) was founded 65 years ago with a commitment to doing things right, to making best-in-class, high quality aluminium, and to building a better future for the people who work and interact with the Company, for its industry, and for wider society.

CBA is the only fully vertically integrated aluminium company in Brazil, with operations spanning the entire aluminium value chain.

2020 Highlights

  • 1.71
    million

    metric tons of
    bauxite processed
  • 307,000
    metric tons of
    molten aluminium produced
  • 332,000
    metric tons of
    molten aluminium produced
  • Capacity to internally
    produce 100% renewable
    electricity to supply the
    Aluminium Operation

Nationwide presence

Leadership in
rolled products

In 2020 the Itapissuma operation was integrated into CBA. Located in the municipality of Itapissuma, in Brazil’s northeastern state of Pernambuco, the rolling mill has been integrated into the Company’s Downstream business where it will synergistically share know-how and expertise with other CBA operations. With the Itapissuma acquisition, CBA has strengthened its leadership as the largest producer of packaging foils in the Americas.

  • Annual capacity to produce 50,000 metric tons per year of rolled aluminum products for packaging
  • Incorporated into CBA’s Aluminium Stewardship Initiative (ASI) Performance Standard certification

Innovation means continuously
striving to do things better

Digital transformation projects as part of the CBA 4.0 Journey in 2020 were focused on the Company’s technology roadmap (projects to implement new technologies) and related behaviors and mindsets and Minimum Viable Changes (MVC) to support the initiatives in the roadmap.

  • 55 MVCs
    proposed

    across different areas
  • R$14.9
    million

    in investments

The following are some of the projects completed as part of the program:

  • Digital Supply Chain, a project to optimize logistics and procurement processes.
  • Development of a Dam Warning app, to support social distancing by allowing participants to virtually check in at muster stations on the app during emergency drills at the Palmital dam in Alumínio (SP).
  • Creation of a multidisciplinary forum to address issues and difficult-to-implement improvements through hackathons. Three hackathons were organized in this format in the year.
  • LMS DHO: implementation of a Learning Management System that has enabled CBA to develop content faster and more dynamically, supporting a more democratic and accessible approach to knowledge management.

A leader in
sustainability

CBA has always been engaged around environmental, social and governance issues and has worked proactively to become increasingly sustainable. In 2020 the Company evolved its sustainability strategy to continue to embed environmental, social and governance (ESG) considerations across all areas of the business and foster an ESG culture within the Company.

2030 ESG Strategy

CBA’S Manifesto

Since our beginnings, we have been genuinely committed to making a positive impact on society and on the environment.

But we know that when it comes to sustainability there is no finish line. There’s always more to be done.

And we are determined do it.

We think differently each day to create new solutions to today’s problems. As leaders, we recognize our responsibility to the market and to society.
We know that our actions can have a major positive impact.

When we raise the bar, we start a chain reaction that drives transformations beyond our industry.

That is why our purpose goes beyond our company walls.

It’s not just about transforming our own way of doing business.

We want to increase awareness more broadly.

We want to inspire and engage our industry toward becoming more sustainable.

Because to us it only makes sense if we do it together.

Together with our employees, customers, suppliers, partners, communities and investors. A sustainable world is a more collaborative world.

 

We know that a better future can only exist if we all work together to make our world better and more sustainable today.

Financial
results

In 2020 the COVID-19 pandemic took a heavy toll on the global economy. Lockdowns across different countries and regions slowed demand and disrupted supply chains, affecting the aluminium sector. Governments launched stimulus programs over the course of the year, and commodities prices responded positively, influenced by financial markets.

As the global economic outlook began to improve, London Metal Exchange (LME) aluminium prices started an upward trend in early June on the back of growing primary aluminium imports into China and rising production costs, especially for aluminium oxide (alumina).

Chinese aluminium consumption accelerated in the third quarter as demand improved in the building and construction, infrastructure and transportation industries. World demand ex-China also steadily grew, especially in the building and construction industry, leading to decreased inventories.

CBA

Aluminium total sales
(thousand metric tons)

Net revenue
(R$ million)

Adjusted EBITDA
(R$ million)

CBA’s complete financial statements are available at cba.com.br.

Green
Loans

In 2020 CBA obtained two bank loans totaling R$ 500 million for sustainable projects and export finance. The funds were obtained through export credit notes (notas de crédito à exportação, NCEs) and were the first Green NCEs to be issued in Brazil, demonstrating CBA’s leadership in sustainable finance.

Governance

Ethics, respect, entrepreneurship and unity have always been guiding principles at CBA. The Company adheres to the highest standards of corporate governance, human rights and anti-corruption to ensure its operations are sustainable and its business is profitable. CBA’s governance model is aligned with the most recent management best practices.

Sustainability is about doing better, the right way

Governance in 2020

  • Approximately
    1,223hours

    of online training were provided on human rights policies and procedures relevant to CBA’s operations in 2020
  • 77%
    of new
    CBA professionals

    completed the Code of Conduct training in 2020
  • An e-learning training format was used to disseminate CBA’s Anti-Corruption and Anti-trust policies, reaching
    95.4%
    of expected attendance
  • A Trade Compliance program was launched to ensure that
    export and import transactions
    conform to internationally recognized best practices and to avoid doing business with companies implicated in crimes related to money laundering, terrorism, or arms and drug trafficking, or that are under commercial sanctions

We do things better when
we do them together.

Social

A focus on people

We believe we can only build a better world if we all work together. It is this belief that guides our people-related initiatives and decisions.

Promoting diversity, which was already high on CBA’s agenda, became even more important in the year. CBA encourages people to respect differences, opposes any form of discrimination, and works to foster inclusion and a wholesome work environment.

  • 5,549
    direct

    employees
  • 45%
    increase in women
    employees from 2019

Supporting our communities

An effective response through COVID-19 pandemic

  • 18
    municipalities

    prioritized
  • 14,000
    health professionals

    benefited with PPE
  • 800,000
    residents

    indirectly
    benefited
  • R$7.3
    million invested

    in COVID-19-related initiatives

Innovative telemedicine initiatives were implemented in Muriaé,
Alumínio and São Roque.

Sorocaba, Igarassu,
Poços de Caldas,
Cataguases, Niquelândia,
Itapissuma and Itamaracá

received equipment to help
set up ICUs for regular hospitals and field hospitals.

Environmental

Making aluminium for the benefit of all, including nature. It is with this in mind that, since our inception, we have made a genuine effort to positively impact society and the environment.

We make a positive
impact on the environment

The value of recycling

Recycling process scrap is one of the most important processes at CBA. Recycling provides an additional source of raw materials in the value chain by reusing scrap produced on- and off-site. This supports not only higher production volumes but also increased cost efficiency. It also provides savings on raw materials, inputs and electric power, generating higher value-added aluminium and reduced environmental impact.

Helping the climate

CBA’s greenhouse gas emissions inventory was awarded Gold level reporting status in the Brazilian GHG Protocol Program.

The Company responded for the first time to the CDP’s climate change disclosures questionnaire, receiving a Leadership-level
score of A-.