NEW YORK (January 24, 2013) –Alcoa (NYSE: AA) today announced it has received the prestigious 2013 Catalyst Award, honoring innovative organizational approaches that address the recruitment, development, and advancement of women in the workplace. Alcoa’s initiative “Building Opportunities for Women in a ’Hard Hat‘ Company,” showcases how Alcoa broke down barriers in a male-dominated industry and achieved greater gender representation through an aggressive diversity agenda.
“This year’s Catalyst Award-winning initiatives demonstrate that global gender diversity strategies at multinational corporations can be implemented in a way that meets the needs of local regions and businesses,” said Ilene H. Lang, President and CEO, Catalyst. “And they are all championed by male CEOs who understand the strong business case for including women in top leadership and have made women’s advancement a top organization-wide priority from day one.”
“Alcoa is a stronger, more competitive company because we make inclusion through diversity a priority,” said Alcoa Chairman and CEO Klaus Kleinfeld. He added, “We built meaningful goals into our operations, compensation, and human resource systems to drive progress. This recognition from Catalyst further validates our efforts and motivates us to continue building an inclusive work environment. We want our businesses to benefit fully from the leadership and engagement of women, and we want to become a role model for other “hard hat” companies. Talent is the ultimate sustainable advantage,” concluded Kleinfeld.
Since 1987, Catalyst has recognized exceptional business initiatives that advance women in the workplace with the Catalyst Award, which embodies Catalyst’s vision of “Changing workplaces, Changing lives.” Alcoa’s global initiative, “Building Opportunities for Women in a ’Hard Hat‘ Company”, outlines the Company’s centralized diversity initiative that ties accountability to executive compensation and incorporates innovative talent management programs that Alcoa’s business units customize to develop women supervisors and leaders in Alcoa’s refineries, smelters, and factories worldwide.
Alcoa, The Coca-Cola Company, and Unilever will present in-depth discussions on their initiatives at the 2013 Catalyst Awards Conference at The Waldorf Astoria in New York on March 19, 2013. The Conference, which is sponsored by Wal-Mart, will feature keynote speaker Ursula Burns, Chairman and CEO, Xerox Corporation.
In the evening, the 2013 Catalyst Awards Dinner, sponsored by RBC and Shell Oil Company, will be chaired by Denise Morrison, President and Chief Executive Officer of Campbell Soup Company. Close to 100 CEOs of major multinational corporations and firms are expected to attend, along with nearly 1,600 guests, including leaders of major corporations, firms, academic institutions, and nonprofit organizations.
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 125 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 11 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 30 countries across the world. More information can be found at www.alcoa.com.
Founded in 1962, Catalyst is the leading nonprofit membership organization expanding opportunities for women and business. With offices in the United States, Canada, Europe, and India, and more than 600 members, Catalyst is the trusted resource for research, information, and advice about women at work. Catalyst annually honors exemplary organizational initiatives that promote women's advancement with the Catalyst Award.
ABOUT THE CATALYST AWARD
The Catalyst Award annually honors innovative organizational approaches with proven, measurable results that address the recruitment, development, and advancement of all women, including diverse women. Since 1987, Catalyst has recognized 79 initiatives at 73 organizations from around the world whose groundbreaking diversity and inclusion initiatives have changed workplaces, communities, and lives.