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November 14, 2008

Alcoa Chairman Alain Belda Honored By Asia Society for Environmental Leadership

NEW YORK--Alcoa (NYSE:AA) announced today that Alcoa Chairman Alain Belda was honored by the Asia Society this week for his environmental leadership, including Alcoa’s progress to reduce GHG emissions and address global warming.

In accepting the award, Mr. Belda said, “At Alcoa, we see global warming as the sustainability issue of our generation. To me, it is critical that it is part of our company culture and a core part of our business and corporate decision making.”

Alcoa is a founding member of the U.S. Climate Action Partnership, which is seeking mandatory climate change legislation; the Carbon Disclosure Project; and a founding reporter of the Climate Registry. Alcoa has reduced GHG emissions by 33% from a base year of 1990, while increasing production of aluminum. The company invests in new technologies, such as the groundbreaking carbon capture technology, which delivers significant greenhouse benefits by locking up CO2 that is otherwise released into the atmosphere. Last year, Alcoa opened its first smelter in 20 years in Iceland powered by sustainable hydropower.

Alcoa’s products help lightweight vehicles in the transportation industry, saving fuel and maintenance costs, and reducing emissions, and provide a sustainable solution for the building and construction industry, packaging and industrial products industries.

Mr. Belda was recognized as an environmental leader along with Dr. Rajendra Kumar Pachauri, director-general, The Energy and Resources Institute and Chairman of the Intergovernmental Panel on Climate Change, and Dr. Shi Zhengrong, Chairman and CEO of Suntech Power Holdings Co. The three were honored for their path-breaking efforts to address climate change.

The Asia Society is America’s leading institution dedicated to educating Americans about Asia and fostering understanding between Americans and the people of Asian countries.

About Alcoa

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation 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, and building systems. The Company has 97,000 employees in 34 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