NEW YORK--(BUSINESS WIRE)-- Alcoa (NYSE:AA) today announced that it has been recognized by the Carbon Disclosure Project (CDP) for reducing emissions and mitigating the risks of climate change as well as for its approach to the disclosure of climate change information. CDP featured Alcoa on both its Carbon Performance Leadership Index and the Carbon Disclosure Leadership Index.
The CDP represents 551 institutional investors with $71 trillion in assets. The Carbon Performance Leadership Index is composed of 11 companies from the Standard & Poor’s (S&P) 500 Index while the Carbon Disclosure Leadership Index consists of 55 companies from the S&P 500 Index.
“At Alcoa, we take a long-term approach to sustainability and that includes innovative products that contribute to a more sustainable world and a relentless focus on reducing our carbon footprint,” said Kevin Anton, Alcoa’s Chief Sustainability Officer. “We are very proud to have been recognized for those efforts by the Carbon Disclosure Project.”
The Carbon Performance Leadership Index highlights those companies within the S&P 500 Index that have demonstrated a strong commitment to strategy, governance, stakeholder communications and emissions reductions in their CDP responses. The Carbon Disclosure Leadership Index is a key component of CDP’s annual S&P 500 report, and highlights the constituent companies within the S&P 500 Index that have displayed the most professional approach to corporate governance regarding climate change information disclosure practices.
The S&P 500 report including names of companies featured in the indexes and the methodology used can be found at www.cdproject.net.
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 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.