Philanthropy and Corporate Social Responsibility are getting more sophisticated. Donors and grantees spend ample time developing metrics and analysis to help determine if programs are successful in achieving the expected outcomes.
The key to measuring impact is to do this in partnership – to have a dialogue between donor and grantee about the goals of the program and how measurement is done. To that end, Alcoa Foundation will continue to strive for progress by asking ourselves:
- Where we can have the most impact, leveraging not only Foundation dollars but also the knowledge of our employees?
- How can we best quantify and report the impacts of our environmental and education programs?
- Are we able to increase the impact of our investments and programs year over year?
Similar to the previous year, the outcomes we will track in 2014 include:ENVIRONMENT
- Reduce emissions and the use of natural resources
- Develop and set standards around lifecycle and GHG emissions measurement
- Promote environmental awareness and create environmental community ambassadors
- Increase aluminum recycling, moving towards the aluminum industry’s goal of 75% by 2015
- Replenish the land, primarily through effective tree planting
- Develop solutions that make mass transportation and buildings more sustainable
- Develop and partner on promoting science, technology, engineering and math (STEM) education
- Prepare college students and young professionals to improve their skills or pursue a career in Environment, Health and Safety
- Provide education and training opportunities to gain employment in engineering and manufacturing