NEW YORK--Alcoa (NYSE:AA) announced today that it was named as one of the most sustainable corporations in the world in the fifth annual Global 100 ranking of the top role models in sustainable business practices, during the World Economic Forum in Davos, Switzerland. Alcoa has attained the sustainability ranking every year since the Global 100 was launched in 2005. Alcoa is the only U.S. based company named to the list from the Materials sector.
The Global 100 includes companies from 15 countries encompassing all sectors of the economy. The companies were evaluated on how effectively they manage environmental, social and governance risks and opportunities in relation to their industry peers.
This year, the 100 companies were traced back to their year of origin to see what kind of longevity they have demonstrated in managing stakeholder relationships. In all, 46 of the 2009 Global 100 companies have been in existence for at least 100 years.
The list was created by Canadian media company Corporate Knights Inc. and international investment advisory firm Innovest Strategic Value Advisors, which specializes in analyzing “non traditional” drivers of risk and shareholder value.
Alcoa continues to be on the leading edge of sustainable practices. Alcoa is a proponent of legislation to reduce U.S. greenhouse gas emissions, and recently joined with fellow members of the U.S. Climate Action Partnership (USCAP) in launching a climate protection initiative, called the Blueprint for Legislative Action, which includes policy recommendations on confronting climate change and supports a U.S. cap-and-trade program. The company is a founding member of the U.S. Climate Action Partnership, which is seeking mandatory climate change legislation, and is a founding reporter of the Climate Registry. In addition, Alcoa invests in new technologies, such as the groundbreaking carbon capture technology, which delivers significant greenhouse benefits by locking up CO2 that is otherwise released into the atmosphere. In 2007, Alcoa opened its first smelter in 20 years in Iceland powered by sustainable hydropower, and is currently evaluating geothermal as a power source for aluminum smelting.
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, and building systems. The Company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland and has been a member of the Dow Jones Sustainability Index for seven consecutive years. More information can be found at www.alcoa.com