Strategic Long-term Goals

Our sustainability approach is driven by—and measured against—our strategic long-term goals, which further integrate sustainable practices into our business to minimize environmental impacts and maximize value for our stakeholders.

In 2020, we began implementing new goals for water conservation, waste management and social management. We also expanded our existing GHG goal to encompass our alumina refining segment in addition to our aluminum smelting operations.

Strategic Long-term Goals

Goal 1

Align our GHG (direct + indirect) emissions reduction targets with the below 2º C decarbonization path by reducing GHG emission intensity by 30 percent by 2025 and 50 percent by 2030 from a 2015 baseline.

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Aligns with the following United Nations Sustainable Development Goals:

Affordable and Clean AirResponsible Consumption and ProductionClimate Action

Progress

14.6 percent reduction from 2015

Goal 2

From a 2015 baseline, reduce the intensity of our total water use from water-scarce locations by 5 percent by 2025 and 10 percent by 2030.

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Aligns with the following United Nations Sustainable Development Goals:

Clean Water and SanitationIndustry, Innovation, and InfrastructureResponsible Consumption and ProductionLife Below Water

Progress

3.0 percent reduction from 2015

Goal 3

From a 2015 baseline, reduce landfilled waste by 15 percent by 2025 and 25 percent by 2030.

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Aligns with the following United Nations Sustainable Development Goals:

Responsible Consumption and ProductionLife On Land

Progress

14.4 percent reduction from 2015

Goal 4

From a 2015 baseline, reduce bauxite residue land requirements per metric ton of alumina produced by 15 percent by 2030.

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Aligns with the following United Nations Sustainable Development Goals:

Responsible Consumption and ProductionLife On Land

Progress

12.8 percent reduction from 2015

Goal 5

Maintain a corporate-wide running five-year average ratio of 1:1 or better for active mining disturbance (excluding long-term infrastructure) to mine rehabilitation.

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Aligns with the following United Nations Sustainable Development Goals:

Responsible Consumption and ProductionLife On Land

Progress

0.92:1 ratio for the 2016 to 2020 period

Goal 6

Zero fatalities and serious injuries (life-threatening or life-altering injuries and illnesses).

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Aligns with the following United Nations Sustainable Development Goals:

Good Health and Well-BeingDecent Work and Economic Growth

Progress

One fatality and zero serious injuries in 2020

Goal 7

Attain an inclusive everyone culture that reflects the diversity of the communities in which we operate.

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Aligns with the following United Nations Sustainable Development Goals:

Gender EqualityReduced Inequalities

Progress

  • Formed the Alcoa Global Inclusion & Diversity Council to support the execution of our inclusion and diversity strategy.
  • Deployed the Catalyst for Change program globally to our leaders to support our inclusion and diversity priorities.
  • Held our first Global Pride Week with events and actions in all regions that celebrated LGBT+ equality.
  • Launched the Alcoans Working Actively for Racial-Ethnic Equality (AWARE) inclusion group.
  • Conducted our second gender pay equity analysis.

Goal 8

By 2022, implement a social management system at all locations, including the definition of performance metrics and long-term goals to be accomplished by 2025 and 2030.

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Aligns with the following United Nations Sustainable Development Goals:

Good Health and Well-BeingQuality EducationGender EqualityDecent Work and Economic GrowthReduced InequalitiesPeace, Justice, and Strong InstitutionsPartnerships for the Goals

Progress

  • Engaged external consultants with expertise in social management systems and Indigenous Peoples to help us benchmark the industry.
  • Conducted a gap analysis of our existing practices to the best-in-class social management systems and have defined a program to close identified gaps by the end of 2022.
  • Performed human rights due diligence at two additional sites in Brazil—Juruti and Poços de Caldas—and human rights risks assessments in Iceland, Norway and Spain.