NEW YORK--(BUSINESS WIRE)-- Alcoa (NYSE:AA) has been named one of China’s Top 100 Green Companies by Green Company Magazine in its annual ranking of corporate sustainability practices. It is the second year in a row Alcoa has been recognized by the publication for environmental leadership.
The ranking was initiated by Green Company Magazine, Chinese Entrepreneur Association and Daonong Center for Enterprise, a leading Chinese think tank on developing entrepreneurship.
Alcoa was recognized for its endeavor to drive sustainability through technological innovation, advanced management to reduce carbon emissions, and investment in research projects on environmental and social impacts generated by business operations.
“A meaningful innovation brings true and sustainable benefits for the company and the industry. But more importantly it brings benefits to the communities where the company operates,” said Jinya Chen, Alcoa Vice President and President of Asia Pacific. “Innovation can create long-term positive impacts on sustainable growth in China. Chinese companies and government bodies need to consider implications beyond short-term business interests when making investments in technology, operations and innovation.”
More than 1,000 companies competed for the recognition, which was based on five criteria including business performance, contribution to society, environmental impact, innovation and cross-business competitiveness. Winners are chosen through an on-line survey taken by the general public on China’s leading news portals and a review by senior business executives and scholars.
The top 100 winners were announced during a Green Company Forum held recently in Wuhan, China. Co-sponsored by Wuhan municipality, the forum gathered more than 100 business leaders, senior government officials, prestigious scholars and business commentators.
Joining Alcoa on the list are other world leading multinationals such as General Electric, Volkswagen China, P&G, as well as China national top companies like Lenovo and Bao Steel.
About Alcoa in China
Alcoa is the largest multinational investor in China’s aluminum industry, investing nearly $800 million since 1993. Alcoa has plants and offices in Beijing, Shanghai, Qinhuangdao, Kunshan, Suzhou, Guangzhou and Hong Kong. These facilities manufacture and sell sheets, fasteners, automotive components and aerospace products for packaging, printing, commercial transportation, consumer electronics, industrial products, automotive and aerospace markets.
Alcoa’s contributions to building a sustainable China also extend to community involvement. Alcoa has given more than US$6 million to China communities in which it has a presence since 2004, and more than 63 percent of Alcoa employees from eight locations in China have volunteered in their communities in a variety of environmental, educational and other community projects. As of December 31, 2011, Alcoa China employed 1063 people.
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 10 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 31 countries across the world. More information can be found at www.alcoa.com.