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January 29, 2009
Alcoa Again Named One of the World's Most Sustainable Corporations at Davos
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it was named as one of the most
sustainable corporations in the world in the fifth annual Global 100
ranking of the top role models in sustainable business practices, during
the World Economic Forum in Davos, Switzerland. Alcoa has attained the
sustainability ranking every year since the Global 100 was launched in
2005. Alcoa is the only U.S. based company named to the list from the
The Global 100 includes companies from 15 countries encompassing all
sectors of the economy. The companies were evaluated on how effectively
they manage environmental, social and governance risks and opportunities
in relation to their industry peers.
This year, the 100 companies were traced back to their year of origin to
see what kind of longevity they have demonstrated in managing
stakeholder relationships. In all, 46 of the 2009 Global 100 companies
have been in existence for at least 100 years.
The list was created by Canadian media company Corporate Knights Inc.
and international investment advisory firm Innovest Strategic Value
Advisors, which specializes in analyzing “non traditional” drivers of
risk and shareholder value.
Alcoa continues to be on the leading edge of sustainable practices.
Alcoa is a proponent of legislation to reduce U.S. greenhouse gas
emissions, and recently joined with fellow members of the U.S. Climate
Action Partnership (USCAP) in launching a climate protection initiative,
called the Blueprint for Legislative Action, which includes
policy recommendations on confronting climate change and supports a U.S.
cap-and-trade program. The company is a founding member of the U.S.
Climate Action Partnership, which is seeking mandatory climate change
legislation, and is a founding reporter of the Climate Registry. In
addition, Alcoa 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. In 2007, Alcoa opened its first smelter in 20 years in
Iceland powered by sustainable hydropower, and is currently evaluating
geothermal as a power source for aluminum smelting.
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 been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for seven consecutive years. More information can
be found at www.alcoa.com