February 15, 2012
Alcoa Joins A Billion + Change Campaign Mobilizing Companies to Increase Skills-Based Volunteerism
National effort designed to help nonprofits strengthen capacity
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) has joined A Billion + Change, a national campaign to mobilize billions of dollars in skills-based and pro bono volunteer services to help build the capacity of nonprofit organizations to meet community needs effectively. Alcoa committed to having 10 percent, or 100,000 of its employee volunteer hours, be skills-based volunteering.
In 2011, Alcoa’s global workforce volunteered more than 900,000 hours, averaging more than 16 hours per employee. For 2012, Alcoa has a goal of reaching one million volunteer hours.
“Community service has always been a core value at Alcoa, and so we look for ways to encourage and enable our people to get more involved in the causes that are important to them,” said Paula Davis, President, Alcoa Foundation. “Alcoa employees are experts in everything from engineering and construction to operations and logistics to finance and human resources. Through skills-based volunteerism, they ‘donate’ their talent and also gain valuable development and leadership experience that transfers to the workplace. We are proud to sign on to A Billion + Change and excited to track our progress towards our commitment.”
Alcoa has several volunteer programs that tap into the skills of its 61,000 employees. The Foundation is enlisting employees to enhance its efforts around Science, Technology, Engineering and Math (STEM) education and workforce development programs that reach high schools, community colleges and four-year institutions. Through its signature Month of Service program, Alcoans teach students about energy efficiency and aeronautics and provide interviewing techniques. In addition, a new nonprofit board placement program is being launched to place employees on the boards of nonprofits that align with Alcoa Foundation’s focus areas of environment and education.
“We have been overwhelmed by the initial enthusiasm for A Billion + Change.” said Michelle Nunn, CEO of the Points of Light Institute, which manages and houses A Billion + Change. “Volunteers nationwide served 8.1 billion hours in 2010, yet only around 16 percent of all companies make it a regular practice to offer their employees skills-based volunteer opportunities. Skills-based volunteerism helps companies build the human capital of their workforce and invest in their communities.”
Companies that pledge to create or expand a skills-based volunteer program recognize that skills-based volunteerism is an emerging best practice model for corporate citizenship. In addition to providing much-needed skills and expertise to nonprofits, research shows that pro bono and skills-based volunteerism helps businesses enhance their recruitment and retention rates, and that it improves employee morale, loyalty and productivity.
About Alcoa Foundation
Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US$446 million. Founded more than 50 years ago, Alcoa Foundation has invested more than US$550 million since 1952. In 2011, Alcoa Foundation contributed more than US$20 million to nonprofit organizations throughout the world, building innovative partnerships, engaging its people to improve the environment and educating tomorrow’s leaders. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers who share their energy, passion and purpose to make a difference in the communities where Alcoa operates. Through the company’s signature Month of Service program, in 2011, a record 56 percent of Alcoa employees took part in more than 1,200 events across 24 countries, reaching 81,000 children, serving 9,000 meals, planting 34,000 trees and supporting 1,800 nonprofit organizations. More information can be found at www.alcoafoundation.com.
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 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.
About A Billion + Change:
The A Billion + Change campaign was launched by the Corporation for National and Community Service in 2008 and continues as an initiative of the federal agency. Reinvigorated in 2011 with expanded leadership under the honorary chairmanship of Senator Mark Warner, it is now housed and managed by Points of Light. The initiative is powered by the support of Deloitte LLP, HP, the Case Foundation and IBM with additional founding support from State Farm, McKenna Long & Aldridge LLP and Morgan Stanley.