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| January 15, 2008
Alcoa Takes Action on Climate Change; Becomes Founding Reporter of The Climate Registry
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has become a Founding Reporter
on The Climate Change Registry, a non-profit organization that measures
and publicly reports greenhouse gas emissions (GHG) in a common,
accurate and transparent manner consistent across industry sectors and
borders. Alcoa is among the first companies to join the organization.
As a Founding Reporter, Alcoa has voluntarily committed to measure,
independently verify, and publicly report its GHG emissions on an annual
basis utilizing The Climate Registry General Reporting Protocol. The
protocol is based on the internationally recognized GHG measurement
standards of the World Resources Institute and World Business Council on
Sustainability.
“Alcoa has demonstrated exemplary
environmental leadership by stepping forward to support The Climate
Registry in its preliminary stages. We are deeply grateful for their
integral support in helping to address the challenge of climate change,”
said Gina McCarthy, Chair of The Climate Registry.
Entities that join before May, 2008 are eligible to receive Founding
Reporter status.
Alcoa’s Commitment to Sustainability
As a company, Alcoa’s core Values include a
commitment to sustainability. Alcoa had established a target of reducing
greenhouse gas emissions by 25% below 1990 levels by 2010. This goal was
achieved in 2003, seven years ahead of schedule, and those reductions
have been maintained despite continuous growth. As a founding member of
USCAP, Alcoa, along with other member companies, continues to call for
legislation to reduce U.S. greenhouse gas emissions. Alcoa has also
undertaken similar well-structured partnerships in Brazil and Australia,
where it a major employer. In addition, Alcoa, as a member of the U.S.
Climate Policy Forum organized by Resources for the Future, an energy
and environmental think tank, has participated in assessments of U.S.
climate policy options from which effective federal policy might be
crafted.
In the community, Alcoa Foundation has funded a portfolio of climate
change projects totaling more than $8 million and entered into
partnership with various groups to inform public policy, build capacity,
and increase education, understanding and awareness.
About Alcoa
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
About The Climate Registry
Incorporated March 2007 in Washington, DC, The Climate Registry provides
accurate and transparent measurement of GHG emissions and ensures
consistency of measurement metrics across industry sectors and borders.
The Climate Registry accounting infrastructure supports both voluntary
and regulatory programs. For more information please visit, www.theclimateregistry.org
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