Alcoa Ranked #3 in Maplecroft’s CII Benchmark and Leader Indexes
NEW YORK--Alcoa (NYSE:AA) today announced it was named to the Maplecroft Climate Innovation Indexes (CII) as a Maplecroft CII Benchmark and Maplecroft CII Leader.
In the Climate Innovation Index Benchmark, Alcoa ranked third among the 350 U.S. companies evaluated for climate-related innovation and carbon management programs. The company also was rated third in the CII Leader category, a ranking of the top 100 performing companies from the Maplecroft CII Benchmark.
In its ranking of Alcoa as one of the top performers, Maplecroft, in its press release, stated that “Alcoa has risen to the number three position on account of its partnerships approach to innovation across sectors.”
Maplecroft, based in the United Kingdom, is a research and consulting company that reports on sustainability-related risks. The firm rates corporations based on performance in five areas: quality of management on climate issues, mitigation of carbon emissions, emissions reduction, use of innovative technologies and business practices that capitalize on climate-related opportunities, and adaptation, which is how companies address climate challenges within their operations.
"We are pleased to be selected among the top tier of companies recognized for innovation in climate change and sustainability because it underscores one of the fundamental advantages of Alcoa and aluminum," said Alcoa Chief Sustainability Officer Kevin Anton. "Aluminum is strong, light weight and infinitely recyclable, and Alcoa is a leader in applying these attributes to resolve the challenges presented by today's changing world."
In its evaluation, Maplecroft cited among Alcoa’s strengths an innovative management incentive plan that links energy efficiency targets to executive compensation. It also noted that Alcoa’s climate change strategy addresses both changes in legislation and the physical impacts of climate change. Maplecroft also cited Alcoa Foundation's "Make an Impact" program, which helps employees and communities lower their carbon footprint.
The Maplecroft CIIs are attractive to investors because they focus on innovation, are unique in their high sector diversification and focus on U.S. stocks, and promote capital inflows into companies that develop climate change solutions.
Companies included in the CIIs were rated during the period April 2010 to July 2010. The Maplecroft CIIs were launched in January 2010 on the BLOOMBERG PROFESSIONAL® service.
Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and 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 nine consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.