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.
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.
World Resources Institute
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In 2006, Alcoa Foundation formed a strategic relationship with World Resources Institute (WRI) to support the development of innovative solutions that address climate change and encourage sustainable economic development. Currently, Alcoa Foundation supports WRI’s work examining if a credible avoided emissions accounting method can be developed and drive low-carbon product innovation and on research on renewable energy being leveraged in the private sector. Alcoa Foundation also supports EMBARQ – WRI’s Center for Sustainable Transport – to create sustainable transportation solutions in Brazil, Mexico and Turkey.
Global Reporting Initiative
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Alcoa Foundation is supporting the Global Reporting Initiative (GRI) for a research program, conducted in collaboration with RobescoSAM, aiming to provide insights into the identification of material topics by sector and examining how different stakeholders approach materiality and what they consider material, with special focus on whether there is a difference between the perspective of investors and other stakeholder groups. The research, which runs until December 2017, results in three publications