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Alcoa Earns 'Best in Class' Status for Environmental and Social Performance; Added to Storebrand Best in Class Mutual Funds
NEW YORK--(BUSINESS WIRE)--Recognized for its leading environmental and social performance in the
metals and mining industry, Alcoa announced today that it has earned ‘Best
in Class’ status by Storebrand Investments and
qualifies for the Storebrand Best in Class mutual funds and other
Storebrand SRI (Socially Responsible Investment) mandates.
Only companies ranking in the top 30 percentile of Storebrand’s
corporate responsibility performance analyses are considered best in
class and are eligible for participation in Storebrand’s
SRI’s investment mandates. Storebrand is a
leading financial services company based in Norway with a strong
commitment to corporate responsibility and is considered a leading
player within socially responsible investment.
Selection for the best in class ranking is based on an analysis of 56
global companies in the metals and mining industry over a 14 month
period, which began in June 2006 by Storebrand SRI, an in-house research
department for environmental and social screening of companies.
Companies were weighed on five environmental indicators - environmental
management, energy, water, waste, and product and services -- and five
social performance indicators – occupational
health and safety, labor relations, human rights, governance and
“Sustainability has always been one of the key
values we live every day to build financial success, environmental
excellence and social responsibility. This recognition is
acknowledgement of our strategy for sustainability,”
said Alcoa Chairman and CEO Alain Belda.
Efforts in sustainable production and achievement have helped earn Alcoa
recognition and inclusion in other indices and investment funds as a
leader in sustainable practices including the Dow Jones Sustainability
Index and the Climate Disclosure Leadership Index.
Alcoa is the world's leading producer and manager of primary aluminum,
fabricated aluminum and alumina facilities, and is active in all major
aspects of the industry. Alcoa serves the aerospace, automotive,
packaging, building and construction, commercial transportation and
industrial markets, bringing design, engineering, production and other
capabilities of Alcoa's businesses to customers. In addition to aluminum
products and components including flat-rolled products, hard alloy
extrusions, and forgings, Alcoa also markets Alcoa®
wheels, fastening systems, precision and investment castings, structures
and building systems. The company has 116,000 employees in 44 countries
and has been named one of the top most sustainable corporations in the
world at the World Economic Forum in Davos, Switzerland. More
information can be found at www.alcoa.com