2020 Alcoa Economic Value

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2020 Alcoa Economic Value

Labor costs include compensation and benefits for employee services rendered plus employee expenses for external training, transfer and relocation, expatriate costs, workers’ compensation, travel, recognition and rewards, medical expenses, meals, recruitment, transportation, education, work clothes and other employee-related expenses. Income tax amounts are net of income tax refunds received and exclude various other taxes.
Australia Europe North America South America Total
Labor Costs
(US$ billions)
0.5 0.2 0.7 0.1 1.5
Procurement Spend
(US$ billions)
1.8 1.8 3.6 1.0 8.2
Income Taxes
(US$ millions)
149.5 14.3 (6.8) 12.4 169.4

2020 Alcoa Foundation Investments

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2020 Alcoa Foundation Investments

Alcoa Foundation does not make in-kind contributions. Management overhead in 2020 was US$568,738. Decline in volunteer hours was due to the pandemic.
Cash
(Millions of U.S. dollars)
Employee
Volunteer Hours
Australia 1.2 -
Europe and Africa 0.9 -
North America 2.4 320
South America 1.0 1,700
Global Outreach 0.1 -
Total 5.6 2,020

Case Studies

    Alcoa + Scitech = Improved Math Performance

    In Western Australia (WA), the award-winning Alcoa Maths Enrichment Program is not only improving students’ achievements in mathematics, it is also expanding their career prospects.


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    Facility Transformation Saves Jobs, Tax Revenues

    Our concerted effort to expand the capabilities of our former Gum Springs waste treatment facility in the United States improved the location and kept it viable through its sale to a new owner, ensuring it continues contributing to the rural Arkansas region’s tax base.


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    Training Program Closes Skill Gaps in Guinea

    Funded by Alcoa Foundation, a unique training program in Guinea is helping graduates of vocational training centers close skill gaps in English and computer science to better integrate into the job market.


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