February 3, 2011

Alcoa Best in Class in Covalence Ethical Reputation Ranking

Alcoa has again achieved the top spot in the Basic Resources category in the annual Covalence Ethical Rankings, a major international survey that measures the ethical performance of multinational companies.

Covalence’s reputation index, distributed by Thomson Reuters, Bloomberg and Capital IQ, is a barometer of how multinationals are perceived in the ethical field, and measures performance across a range of criteria such as labor standards, waste management, product social utility and human rights policy.

Alcoa has been rated No. 1 in the basic resources category since the ranking began in 2005. Alcoa placed 15th overall in 2010 across 18 sectors and 581 companies tracked.

“To be ranked number one in our industry in the 2010 Covalence rating confirms the values and integrity Alcoans have embodied for years. We hold ourselves to the highest ethical business practices, combined with a profound respect for the individual and a strong responsibility toward the environment,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld.

“I am pleased that Alcoa’s solid ethical foundation and practices continue to be recognized by organizations such as Covalence.”