Measure and set standards

Underpinning Alcoa’s targets for sustainability are methods to achieve measureable improvements in land, water, and air quality.

employees with children posing

PARTNERSHIP RESULTS

Through our international and community partnerships, NGOs are:

  • Involving private and public sector stakeholders
  • Developing meaningful standards
  • Measuring comprehensive product and industry environmental footprints
  • Creating support for holistic life-cycle analysis

Environmental sustainability is an essential aspect of responsible and successful business. For multinational companies to measure and report their sustainability practices and accomplishments, there needs to be reliable and agreed-upon environmental standards. That is why Alcoa Foundation works with global nonprofits on developing life cycle assessment measurement tools, water management indexes and other methodologies to analyze environmental footprints in a holistic way.

IESE, Universidad de Navarra

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Sustainable development and climate change are key issues for the European Union. They are the focus of the Universidad de Navarra’s assessment of EU policies and proposed reforms that will affect all of the union’s members.

 

The Alcoa Foundation-supported effort addresses several aspects of the construction sector, including standards for materials. The result of the assessment will be the identification of new trends in construction practices and materials standards that reduce the environmental impact of energy inefficiency.

 

The Carbon Disclosure Project

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The Carbon Disclosure Project accelerates environment solutions by putting relevant information at the heart of business, policy and investment strategies. By raising the profile of a company’s carbon footprint and efforts to limit it, all stakeholders – from corporate leadership to legislators, investors, customers, prospective employees and the public at large – are given a valuable assessment tool.

 

Alcoa Foundation recently partnered with the Carbon Disclosure Project to develop a Water Management Leadership Index, which ranks publicly traded companies on their water stewardship and management of water-related risks. The index will help corporations understand the supply chain exposure to water and other water issues that could substantially affect business operations, revenue or expenditure. The Carbon Disclosure’s ranking will also increase the importance of water as a core element of corporate governance and responsibility.
 

University of Vigo

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As part of our Advancing Sustainability research, Alcoa Foundation is partnering with the University of Vigo in Gallacia, Spain on a three-year collaboration. This initiative will yield high-quality research into the economics of energy production and consumption throughout Europe.

 

The researchers will aggregate and compare information about energy supply, demand, innovation and policies that affect energy prices. This research will provide policy-makers and businesses with data and information to make strategic regulation and energy strategy decisions.
 

ImpactWorld+

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In a global economy, you need to understand the global impact of your actions. That’s the purpose of ImpactWorld+, an Alcoa Foundation-funded, multi-partner project. The initiative is run by the Interuniversity Research Centre for the Life Cycle of Products, Processes and Services (CIRAIG) at Ecole Polytechnique de Montréal.

 

Currently, life cycle assessment tends to be limited to local and regional environmental impact. ImpactWorld+ aims to develop an innovative methodology to consistently assess the environmental burdens of supply chains and consumption patterns in the context of a global economy. That’s essential for better decision-making by governments and corporations. The methodology, businesses cases, and training material produced by the project will support the development of sustainable production and consumption policies, as well as improve products and services, by taking into account their total effect on the environment.