February 3, 2010
Alcoa Achieves Top Marks in Covalence Ethical Reputation Ranking
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today it has achieved the top spot in the Basic Resources category in the latest Covalence Ethical Rankings, a comprehensive study of the overall ethical performance of multinational corporations. Covalence’s reputation index, distributed by Thomson Reuters, Bloomberg and Capital IQ, is a barometer of how multinationals are perceived in the ethical field.
Alcoa has been rated No. 1 in this category since the ranking began in 2005. Across all industries and companies, Alcoa placed 11th out of the 581 companies tracked.
Covalence, based in Geneva, Switzerland, has developed a methodology that uses a range of criteria, including labor standards, waste management, and human rights policy. It evaluates multinational organizations within 18 sectors. Because it is a reputation index, the Covalence survey also incorporates media, industry and non-governmental organization documents in its evaluation.
“I am proud of Alcoa’s continued leadership position in this annual ethics ranking, which is regarded as a barometer of how multinationals are perceived in the ethics field. Alcoa Values are engrained in our culture, and every day Alcoa employees around the world put these Values into practice,” said Alcoa President and Chief Executive Officer Klaus Kleinfeld.
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 eight consecutive years. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.