May 30, 2012
Alcoa Foundation Contributions Exceeded US$21 Million in 2011
New Annual Report Outlines Focus on Environment, Education, Volunteerism
NEW YORK--(BUSINESS WIRE)--Alcoa Foundation contributed more than US$21 million last year in support of the environment, education, volunteerism, and other important projects according to its 2011 annual report released today. Alcoa Foundation is committed to bring about meaningful and systemic improvements in environmental and social sustainability by focusing on improving the environment and educating and preparing individuals for careers in Science, Technology, Engineering, Math (STEM) and manufacturing.
“Together with our partners and employees in 2011, we sharpened our mission, initiated new programs, broke records for volunteerism, and put metrics and scorecards in place to measure our progress over time,” said Paula Davis, President, Alcoa Foundation.
Significant achievements achieved in 2011:
- Recycled nearly one million cans; planted more than 400,000 trees; reduced 29.4 million pounds of CO2; and helped develop environmental standards and measurements.
- Reached 100,000 students through innovative environmental and STEM programs.
- Alcoa employees contributed more than 900,000 hours of volunteer time to improving their communities, and a record 56 percent of employees participated in Alcoa’s worldwide Month of Service.
“We focus on the environment because as a mining, manufacturing and engineering company, we can contribute our expertise, resources and people to reduce, recycle, replenish and set standards. We invest in STEM education and workforce development in manufacturing, because these pursuits are fundamental to the long-term success of companies like Alcoa and to societies around the world,” said Klaus Kleinfeld, Chairman and CEO, Alcoa.
Shared value guides how Alcoa Foundation’s partnerships and initiatives align with Alcoa’s global and regional strategies, address priority community needs, and engage employees in general and skills-based volunteering opportunities.
More detail is available online at www.alcoafoundation.com/AnnualReport.
About Alcoa Foundation
Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US$446 million. Founded more than 50 years ago, Alcoa Foundation has invested more than US$550 million since 1952. In 2011, Alcoa Foundation contributed more than US$20 million to nonprofit organizations throughout the world, building innovative partnerships, engaging its people to improve the environment and educating tomorrow’s leaders. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers who share their energy, passion and purpose to make a difference in the communities where Alcoa operates. Through the company’s signature Month of Service program, in 2011, a record 56 percent of Alcoa employees took part in more than 1,200 events across 24 countries, reaching 81,000 children, serving 9,000 meals, planting 34,000 trees and supporting 1,800 nonprofit organizations. More information can be found at www.alcoafoundation.com