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| May 30, 2012
Alcoa Foundation Contributions Exceeded US$21 Million in 2011
New Annual Report Outlines Focus on Environment, Education,
Volunteerism
NEW YORK--(BUSINESS WIRE)--Alcoa Foundation contributed more than US$21 million last year in
support of the environment, education, volunteerism, and other important
projects according to its 2011 annual report released today. Alcoa
Foundation is committed to bring about meaningful and systemic
improvements in environmental and social sustainability by focusing on
improving the environment and educating and preparing individuals for
careers in Science, Technology, Engineering, Math (STEM) and
manufacturing.
“Together with our partners and employees in 2011, we sharpened our
mission, initiated new programs, broke records for volunteerism, and put
metrics and scorecards in place to measure our progress over time,” said
Paula Davis, President, Alcoa Foundation.
Significant achievements achieved in 2011:
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Recycled nearly one million cans; planted more than 400,000 trees;
reduced 29.4 million pounds of CO2; and helped develop environmental
standards and measurements.
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Reached 100,000 students through innovative environmental and STEM
programs.
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Alcoa employees contributed more than 900,000 hours of volunteer time
to improving their communities, and a record 56 percent of employees
participated in Alcoa’s worldwide Month of Service.
“We focus on the environment because as a mining, manufacturing and
engineering company, we can contribute our expertise, resources and
people to reduce, recycle, replenish and set standards. We invest in
STEM education and workforce development in manufacturing, because these
pursuits are fundamental to the long-term success of companies like
Alcoa and to societies around the world,” said Klaus Kleinfeld, Chairman
and CEO, Alcoa.
Shared value guides how Alcoa Foundation’s partnerships and initiatives
align with Alcoa’s global and regional strategies, address priority
community needs, and engage employees in general and skills-based
volunteering opportunities.
More detail is available online at www.alcoafoundation.com/AnnualReport.
About Alcoa Foundation
Alcoa Foundation is one of the largest corporate foundations in the
U.S., with assets of approximately US$446 million. Founded more than 50
years ago, Alcoa Foundation has invested more than US$550 million since
1952. In 2011, Alcoa Foundation contributed more than US$20 million to
nonprofit organizations throughout the world, building innovative
partnerships, engaging its people to improve the environment and
educating tomorrow’s leaders. The work of Alcoa Foundation is further
enhanced by Alcoa’s thousands of employee volunteers who share their
energy, passion and purpose to make a difference in the communities
where Alcoa operates. Through the company’s signature Month of Service
program, in 2011, a record 56 percent of Alcoa employees took part in
more than 1,200 events across 24 countries, reaching 81,000 children,
serving 9,000 meals, planting 34,000 trees and supporting 1,800
nonprofit organizations. More information can be found at www.alcoafoundation.com
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