December 3, 2009

Top ethical ranking for Alcoa

Alcoa Inc has been ranked in the top ten of the 2009 Q3 Covalence Ethical Ranking - a barometer of how multinationals are perceived in the ethics field.

Alcoa ranked number one ‘Sector Leader’ in the ‘Basic Resources’ field, and tenth in the ‘Leaders Across Sectors’ category.

The Covalence ethical quotation system is a reputation index based on quantifying qualitative data, which is classified according to 45 criteria such as labour standards, waste management, product social utility or human rights policy.

The system integrates thousands of documents found among media, enterprise, Non Government Organisations and other sources, for producing the ‘EthicalQuote’ score which serves as a base for calculating Covalence rankings. This score reflects the historical evolution of multinational companies’ ethical reputation.

Covalence closely monitors 18 sectors, including 541 companies that are included in the Dow Jones Sector Titans. Covalence is a limited company that was founded in Geneva in 2001 by six people with political science and finance backgrounds.

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