Sustainability Reporting HomeAustralia's AluminiumCorporate GovernanceEnvironmentOur PeoplePartnering CommunitiesFinancialsAwards
About this report

This is the 10th Sustainability Report for Alcoa of Australia Limited (Alcoa of Australia), which is 60 per cent owned by Alcoa Inc (Alcoa) and 40 per cent owned by Alumina Limited. Alcoa is a publicly listed company on the New York Stock Exchange. Alumina Limited is listed on the Australian Securities Exchange.

Since 1993 the global Alcoa business has been setting sustainability goals and publicly reporting its progress against these goals in order to communicate its performance to stakeholders in an open and transparent way. Alcoa of Australia has been producing corresponding local sustainability reports since 2001. Like the global business, we use the Global Reporting Initiative (GRI) G3 indicators to report our economic, environmental and social performance. We have gained assistance in preparing this report from sustainability consultant Net Balance Management Group Pty Ltd (Net Balance) and self-declare the report to be compliant with the GRI G3 guidelines to a B Level. A GRI Index is provided at the back of this report.

This report covers the activities of Alcoa of Australia for a two year period from 1 January 2011 to 31 December 2012 (24 months). Previous reports have covered a 12 month calendar year period. Where possible, 2011 and 2012 data has been disclosed independently for each 12 month period. We plan to return to an annual reporting cycle in 2013.

Alcoa of Australia sits within the Global Primary Products (GPP) division of Alcoa. The report covers operations where Alcoa of Australia has majority interest and/or management control. Apart from some environmental data, which relates to shared facilities and which cannot be separated, this report does not cover the activities of Alcoa Australia Rolled Products Pty Ltd, Alcoa Wheel Products Australia Pty Ltd or Alcoa Fastening Systems Australia Pty Ltd – all of which are 100 per cent owned by Alcoa.

There have been no significant changes regarding size, structure or ownership of the company  during the reporting period.

The report can be read in conjunction with the 2011 and 2012 Alcoa Global Sustainability Reports (http://www.alcoa.com/sustainability/en/home.asp). In addition, the information contained in this report is supplemented by other Alcoa reports and documents, including the Alcoa Annual Report and the Alcoa of Australia Environmental Improvement Plans and website (www.alcoa.com.au). Financial figures are in Australian dollars unless otherwise specified.

For further information about Alcoa of Australia and our parent company Alcoa please go to our website at www.alcoa.com.au

Reporting issues

In conjunction with sustainability consultant Net Balance, in 2012 Alcoa of Australia undertook an assessment of material issues using the materiality assessment process outlined by AccountAbility1. The purpose of the assessment was to identify the sustainability themes and issues most important to our stakeholders and to streamline the content of the 2011 and 2012 Alcoa of Australia Sustainability Report.

Alcoa of Australia defines issues as material if they have the potential to impact our ability to achieve the overarching goals of our business or are of concern to our stakeholders. Material issues were identified through an external sources review undertaken by Net Balance. This process included a peer review; societal review (including media and non-governmental organisation campaigns); a regulatory review through industry sites and a policy and risk review based on available documentation. The external review was complemented with additional information gathered from our Stakeholder Perception Survey (see page 36).

The issues identified were then presented to, and assessed and prioritised by, the senior management group.

Alcoa of Australia has reported against the topics rated as having ‘high materiality’ throughout this report. Where data is incomplete or does not exist, we will work to determine how we can improve our disclosure in future.

Assurance

In Australia, we continue to explore options to further incorporate data assurance into our sustainability reporting. PricewaterhouseCoopers (PwC) provided a third-party audit of our 2011 and 2012 financial data. In addition the global business continued to work with PwC to  obtain limited assurance on our 2011 and 2012 consolidated greenhouse gas emissions data under the American Institute for Certified Practicing Accountants attestation standards, (view PwC’s limited assurance report) of which Alcoa of Australia’s greenhouse gas data is a subset.