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Fixed Assets — Approach
Alcoa dedicates a significant portion of its capital expenditures to address environmental, health, and safety issues at operating locations. We use a number of processes, including technology teams, the EHS Request for Authorization (RfA) Review Team, and technology management review boards, to ensure that technology improvements are shared widely throughout Alcoa and that learnings from technology improvements are quickly implemented elsewhere.
For example, the company’s EHS RfA Review Team meets monthly to discuss all projects with environmental, health, and safety implications, and must approve the projects before they can be funded. This team evaluates the need, the proposed solutions, and the long-term implications of the projects and the technologies/practices proposed. Large-scale projects, such as new projects/plants and significantly expanded plants, must also have early involvement teams established to address sustainability issues, stakeholder interactions, environmental impact assessment studies, and communications.
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