NEW YORK--Alcoa (NYSE:AA) announced today it again has achieved the top spot in the Basic Resources category in the annual Covalence Ethical Rankings, a major international survey that measures the ethical performance of multinational companies.
Covalence’s reputation index, distributed by Thomson Reuters, Bloomberg and Capital IQ, is a barometer of how multinationals are perceived in the ethical field, and measures performance across a range of criteria such as labor standards, waste management, product social utility and human rights policy.
Alcoa has been rated No. 1 in the basic resources category since the ranking began in 2005. Alcoa placed 15th overall in 2010 across 18 sectors and 581 companies tracked.
“To be ranked number one in our industry in the 2010 Covalence rating confirms the values and integrity Alcoans have embodied for years. We hold ourselves to the highest ethical business practices, combined with a profound respect for the individual and a strong responsibility toward the environment,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld.
“I am pleased that Alcoa’s solid ethical foundation and practices continue to be recognized by organizations such as Covalence.”
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 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.
Covalence is a limited company based in Geneva, Switzerland, founded in 2001. Covalence runs EthicalQuote, the ethical reputation scoring system and CSR news database tracking the world’s largest companies, and offers reputation research and ESG ratings to corporates, investors, and non profits. The EthicalQuote scoring system is a reputation index based on quantifying qualitative data, which is classified according to 45 criteria such as labour standards, waste management, product social utility or human rights policy. It is a barometer of how multinationals are perceived in the ethical field. More information can be found at http://www.ethicalquote.com.