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2008 — Corporate Governance
Deschambault gets Triple Crown for corporate auditing
All of Alcoa’s major facilities must regularly undergo a corporate audit. In 2007, the Deschambault Smelter was the first Alcoa Canada Primary Metals plant to receive a score of “excellent” in all of the audit’s three components, garnering it a Triple Crown trophy.
The integrated audit, which takes place over a two-week period, is conducted by over a dozen representatives from the company’s Internal Audit group and special auditors from the other plants. The latter fill out an exhaustive questionnaire on three key area: the environment, occupational health and safety (OH&S) and finance. In each sector, the facilities are rated either “failure”, “satisfactory”, “good”, or “excellent”.
Deschambault received its first score of “excellent” in environment. The audit questionnaires focused on several targets, including compliance with all government and Alcoa requirements, efficiency in applying an environmental management system and preventive measures, and reporting.
In OH&S, the smelter was also rated “excellent”. The auditors, in addition to completing their questionnaire on key indicators, went on a plant tour for an on-site inspection. This part of the process is crucial because it enables them to ensure that safety measures are applied consistently in the workplace.
On the financial front, Deschambault received its first perfect score in 2007, an extremely difficult achievement given the multitude of financial controls that have to be checked in a facility of this size.
The case was proven in Deschambault. Whether in finance, the environment or in OH&S, the systems in place are not only firmly entrenched but are well understood and rigorously applied by employees. During a special ceremony in the spring of 2008, the mill manager accepted the Triple Crown trophy on behalf of all the workers.