November 22, 2011

Alcoa Ranked First in Russia for Corporate Philanthropy

November 18, 2011, Moscow – The results of Russia’s 4th Annual Assessment ‘Leaders of Corporate Philanthropy - 2011’ were  announced at an award ceremony in Moscow. Alcoa Russia took  the first place as  the most efficient company in corporate philanthropy among 50 largest Russian and international companies working on the territory of Russia. Alcoa Russia was also ranked first in the field ranking in the ‘Industry’ category.   

At present, the ‘Leaders of Corporate Philanthropy’ is Russia’s leading project in assessment of corporate contributions and impact in the social area. It is a joint project by Vedomosti business daily, international auditing-consulting network of PwC companies and the ‘Donors Forum’ non-profit partnership of grant-making organizations. Assessment of companies’ work was performed based on several criteria by Russia’s  leading experts representing business associations, non-profit organizations and academic  community. 

Since 2005 Alcoa Russia and Alcoa Foundation have invested more than 5 million dollars  in Russia (2.5 mln – in Samara, 1.9 mln – in Rostov region, 0.8 mln – in Moscow) to  implement programs within  Alcoa Foundation strategic global focus areas:

-Education –Alcoa Foundation supports programs in technical education, economics education, as well as environmental educational programs for youth. 
- Environment– ‘Responsible Management of Water Resources for Sustainable Development’.

In addition to the above initiatives, Alcoa implements  several projects to improve the quality of life in its Russian communities, Samara and Rostov regions: ‘Youth Votes for Health’ program – building sports grounds and promotion of healthy lifestyles among young people; ‘From Heart to Heart’ program – training for Russian doctors who work with  children with congenital heart defects. Alcoa and Alcoa Foundation investments are further enhanced by active employee volunteer work. Alcoa’s annual Month of Service in October is the centerpiece of Alcoa’s volunteer programs.  In 2011, 58% of Alcoa Russia employees participated in the Month of Service events.    

Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US $436 million.  Founded more than 50 years ago, Alcoa Foundation has invested more than US $530 million since 1952. In 2010, Alcoa and Alcoa Foundation contributed $36.8 million - $19.9 from the Foundation - to nonprofit organizations throughout the world. Through this work, Alcoa seeks to promote environmental stewardship, prepare tomorrow’s leaders and enable economic and social sustainability.

Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for nine consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

Alcoa first entered Russia in 1993. In 2005 the company acquired two fabricating facilities in Samara and Belaya Kalitva. Since 2005 Alcoa has invested over $787 million to upgrade its Russian facilities. More information can be found at www.alcoa.ru



Click image to enlarge.