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| January 3, 2003
Alcoa Publishes 2002 Environment, Health and Safety Report; Safety Record and Dramatic Gains in Global Emissions Reductions Outlined
PITTSBURGH--(BUSINESS WIRE)--Jan. 3, 2003--Alcoa's (NYSE:AA) 2002
Corporate Environment, Health and Safety (EHS) report has been
published.
This is the tenth consecutive year that Alcoa has published such a
report that this year appears exclusively online to take advantage of
the speed, flexibility, and reach of the Internet. The 2002 report was
published at 12:01 a.m. on January 1, 2003, underscoring the
timeliness and transparency of the company's environmental, health and
safety initiatives. The online report also paves the way for broader
integrated reporting of Alcoa's environmental, social, and economic
performance in keeping with Global Reporting Initiative (GRI)
guidelines. Moving towards that GRI report, Alcoa will publish a
combined 2002 environmental and community report as a companion
publication to our traditional financial Annual Report in 2003.
Highlights of the 2002 EHS report reveal significant progress
towards Alcoa's twenty-year strategic environmental, health, and
safety objectives including a new low in Lost Work Day injuries and
dramatic gains in global emissions reduction. These include attainment
of 23.5 percent of a targeted 25 percent reduction by 2010 of
greenhouse gas emissions measured against a 1990 baseline and a 31.5
percent reduction in land filled waste against a 50 per cent reduction
target by 2007.
In releasing the 2002 report Alcoa Vice President EHS and Audit,
Bill O'Rourke reiterated Alcoa's commitment to timely reporting.
"We've been publishing EHS progress reports through the year, and
now finalized that with a summary and charts showing our performance
in 2002. This is how we believe we can help people develop an accurate
picture of our EHS performance as it's happening.
"We're pleased with the results of 2002 and, looking forward to
2003 and beyond, they give us a solid base for moving on to our goal
of zero injuries and zero environmental incidents, while all the time
striving for first quintile financial performance," he said.
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina, 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 as a single solution to customers.
In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R)
wheels, and Baco(R) household wraps. Among its other businesses are
vinyl siding, closures, precision castings, and electrical
distribution systems for cars and trucks. The company has 129,000
employees in 38 countries. For more information go to www.alcoa.com
Forward Looking Statement
Certain statements relate to future events and expectations and as
such constitute forward-looking statements involving known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of Alcoa to be different from those
expressed or implied in the forward-looking statements. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements include changes in
environmental, health and safety regulations, legislation and other
risk factors summarized in Alcoa's 2001 10-K report and other SEC
reports.
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