Alcoa Releases 2011 Sustainability Report
`Sustainability is part of everything we do.` Alcoa Chairman and CEO Klaus Kleinfeld
NEW YORK--(BUSINESS WIRE)-- Alcoa (NYSE:AA) today published its 2011 Sustainability Report which details the company's global environmental, social and economic performance. It is the 11th year in a row Alcoa has produced the report.
'Sustainability is not a catalog of processes, nor merely a philosophy at Alcoa,' said Chairman and CEO Klaus Kleinfeld. 'Rather, it is part of everything we do.'
Alcoa businesses use a Sustainability Scorecard to align sustainability targets with business strategy and provide a dashboard to measure progress against key near-term sustainability metrics. In addition, each Alcoa business has developed a roadmap to lay out process steps, decisions, and technical improvements needed to realize longer-term objectives.
In addition, Alcoa links pay for performance and sustainability goals. During 2011, 20 percent of variable compensation was tied to achieving significant aspects of sustainability targets.
Significant achievements highlighted in the report include:
- The introduction of Reynobond® with EcoClean™, the first coil-coated architectural panel that helps clean itself and the air around it.
- For the first time in a calendar year, Alcoa had zero employee fatalities.
- Alcoa's Global Primary Products business reduced its total carbon dioxide intensity by 23 percent and the company as a whole decreased its global freshwater-use intensity by 21 percent between 2005 and 2011, exceeding both of these 2020 targets and allowing us to bring the company’s 2030 goals in both areas forward to 2020.
More detail is available online in the Sustainability section of alcoa.com at http://www.alcoa.com/sustainability
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 ten 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.