February 28, 2011
Alcoa Foundation Announces Sustainability Investments on International Corporate Philanthropy Day
Total Investment of $7 Million to Reduce, Recycle, Replenish
NEW YORK--(BUSINESS WIRE)--As the world celebrates International Corporate Philanthropy Day, Alcoa Foundation has announced a new $7 million investment to address regional environmental challenges, improve energy efficiency and enhance global reforestation projects. The investment aligns with Alcoa Foundation’s sustainability focus: ‘Reduce, Recycle, Replenish,’ and will engage employees and communities where Alcoa operates to enhance the environment.
“Alcoa is a part of the fabric of over 200 communities around the world, and for our operations to thrive, the places in which we operate must thrive as well, said Paula Davis, Alcoa Foundation President.
“International Corporate Philanthropy Day is an opportunity to reaffirm our commitment to a model of ‘shared value creation’, where together with governments, businesses, civic groups and our employees, we work to make those communities stronger for us all.”
Initiatives supported by Alcoa Foundation’s $7 million ‘Reduce, Recycle, Replenish’ commitments include:
- Innovative research for actionable solutions: $4 million for ten, two-year Advancing Sustainability research initiatives focused on regional environmental challenges in Australia, Brazil, Canada, China, Europe, Russia and the United States. The partnerships will bring together local thought leaders to address key regional challenges, including natural resources management, energy and environmental economics, and responsible water resources management for sustainable development.
- Reforestation around the world: A new $1.1 million investment in the Alcoa Ten Million Trees program, which aims to plant 10 million new trees around the world by 2020. Alcoans will improve air quality by planting tree in their communities through partnerships with The Nature Conservancy, American Forests, Global ReLeaf and Greening Australia. In 2011 the company will also fund 125 tree plantings in Alcoa communities around the world to celebrate the 125th anniversary of the modern aluminum smelting process invented by Charles Martin Hall, Alcoa’s co-founder.
- Sustainability education in the United States: An expansion of Alcoa’s signature Make an Impact program through the Make an Impact: Change Our 2morrow (CO2) Schools Challenge, in partnership with the Pew Center on Global Climate Change. In its initial phase the program will engage 8,000 students in 15 schools across the United States to reduce their environmental footprint and help families save money on home energy.
- Water Conservation in China: A new partnership with the World Wildlife Fund (WWF) to ensure sustainable hydropower along the Mekong River in China, a critical water source for almost 10 million people. WWF's goal is to address a host of environmental issues related to the long-term viability of the Mekong river by promoting responsible water governance, strategic conservation of important watersheds, and sustainable hydropower development, focusing on sites along the Mekong River in the Yunnan Province. The program will promote water security and needed habitat protection to ensure a healthy river system that can support people and species that depend on the resource for their livelihood and survival.
More information about Ten Million Trees and Make an Impact, including resources such as Alcoa’s Carbon Footprint Calculator, is available at www.alcoa.com/tenmilliontrees and http://alcoa.pewclimate.org.
About Alcoa Foundation
Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US $420 million. In addition to addressing local needs in communities where Alcoa operates, Alcoa Foundation is focused on promoting environmental stewardship, enabling economic and social sustainability, and preparing tomorrow's leaders through education and learning. Alcoa Foundation was founded more than 50 years ago and has invested more than US $515 million since 1952. Alcoa employees share their energy, passion and purpose to make a difference in our communities through the Alcoa Volunteers Program, which last year recorded 650,000 hours of service to 9,000 charitable organizations. Their time was matched with US $4 million in Alcoa volunteer grants. More information can be found at www.alcoa.com/foundation.
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.
In recognition of Corporate Philanthropy Day, Paula Davis joined the leaders of other corporate foundations and non-government organizations to ring the opening bell of the New York Stock Exchange.
Photo by Ben Hider/NYSE Euronext
Photo by Ben Hider/NYSE Euronext