December 3, 2010
Alcoa Sets New Employee Volunteerism Benchmark
Record 49 percent of employees worldwide give back to communities
NEW YORK--(BUSINESS WIRE)--On the eve of International Volunteers Day, Alcoa (NYSE:AA) has announced employee volunteerism rates significantly higher than the corporate average, with 49 percent of the company’s workforce giving back to their communities around the world.
The record volunteerism rate was reached during the company’s fifth annual Month of Service in October, during which more than 29,000 Alcoa employees across 24 countries volunteered in close to 1,000 volunteer events. Highlights include:
- 59,000 children assisted through school infrastructure improvements, literacy and STEM (Science, Technology, Engineering and Math) education.
- Natural environment improved with 16,000 trees planted and 250 rivers, parks and recreation areas rehabilitated.
- 3,000 non-profit organizations supported to assist those in need, with 18,000 meals served, and 300 shelters, homes and community facilities repaired.
The 49 percent employee volunteer participation recorded during Alcoa’s Month of Service is significantly higher rate than the corporate average, based on data collected by the Boston College Center for Corporate Citizenship. Between 2008-2010, the Center recorded average participation rates in employer-supported volunteering of between 17 and 31 percent. In 2009, 37 percent of employees participated in Alcoa Month of Service activities.
“Wherever Alcoa operates, we want to be an active and productive member of the community,” said Alcoa Chairman and CEO Klaus Kleinfeld. “We encourage our people to share their time, talents and energy in supporting those causes that are important to them, that help strengthen our society.”
“I am enormously proud of Alcoans, they have set a benchmark for employee volunteerism. Together with our many non-profit partners we have helped to make a difference around the world.”
Alcoa chose International Volunteers Day to also announce the results of its global Month of Service photo contest, with five employee winners recognized with a $5,000 grant to the charity of their choice from Alcoa Foundation. Their winning images depict the spirit of Alcoa volunteerism and were selected by judging panels of Alcoa employees, leaders and partners, including customers and NGOs. The images can be viewed at www.alcoa.com/monthofservice.
Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eight consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.
ABOUT ALCOA FOUNDATION AND MONTH OF SERVICE
Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US $420 million. In addition to addressing local needs in communities where Alcoa operates, Alcoa Foundation is focused on promoting environmental stewardship, enabling economic and social sustainability, and preparing tomorrow’s leaders through education and learning. Alcoa Foundation was founded more than 50 years ago and has invested more than US $515 million since 1952. Through the company’s signature Month of Service program, Alcoa employees share their energy, passion and purpose to make a difference in our communities. In 2010, 49 percent of Alcoa employees participated in 1,000 volunteer events, with their efforts positively impacting 290,000 worldwide. Month of Service is the centerpiece of year-round volunteer efforts by Alcoa employees, who in 2009 gave 650,000 hours of service to 9,000 charitable organizations. Their time was matched with US$4 million in Alcoa volunteer grants. More information can be found at www.alcoa.com/foundation.
ABOUT INTERNATIONAL VOLUNTEERS DAY
In 1985, the General Assembly of the United Nations designated December 5 for an annual celebration of all that is achieved by volunteers. International Volunteer Day is celebrated in more than half the world’s countries. Details can be found at www.worldvolunteerweb.org.