 |
|
|
|
|
|
Alcoa Receives Top Marks in Corporate Governance and Ethics
October 04, 2006
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) received top rankings on its corporate governance
practices and ethical reputation by two major rating agencies.
Alcoa received an excellent standard of corporate governance with an
overall rating of 9.5 on a 10-point scale in the 2006 report of
GovernanceMetrics International® (GMI), an
independent global corporate governance ratings agency. This compares
with an average score of 6.5 for the Industrial Metals sector.
Alcoa also received the best ethical score among 18 international
metals/mining companies in a Mining & Metals Industry Report prepared by
Covalence, a European based organization that tracks the ethical
reputation of multinational corporations. The Covalence report offers a
thorough analysis of ethical issues and challenges in the mining and
metals industry from 2001 to June 2006. Its findings show positive
improvement for the metals/mining sector in reducing greenhouse gases,
values and environmental strategy, sustainability report, and funding
and treatment for HIV/AIDS in the workforce. Covalence uses its ethical
quotation methodology, which integrates thousands of documents from
media, NGOs, academia, and other sources to produce the results.
Covalence closely monitors 10 sectors, including 220 companies that are
classified as the largest market capitalizations in the Dow Jones World
Index.
Alcoa is the world's leading producer and manager of primary aluminum,
fabricated aluminum and alumina facilities, 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 to customers. In addition to aluminum
products and components, Alcoa also markets consumer brands including
Reynolds Wrap® foils and plastic wraps, Alcoa®
wheels, and Baco® household wraps. Among its
other businesses are closures, fastening systems, precision castings,
and electrical distribution systems for cars and trucks. The company has
129,000 employees in 44 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
|
|
|
|
|
|
