Alcoa Releases 2021 Sustainability Report
May 03 2022 - 8:30AM
Business Wire
Alcoa Corp. (NYSE: AA) has released its 2021 Sustainability
Report, which provides a detailed overview of the Company’s
progress against key environmental, social and governance (ESG)
objectives.
“Now, more than ever, our world needs reinvention, and we made
significant progress in 2021 against our vision to reinvent the
aluminum industry for a sustainable future,” said Roy Harvey, Alcoa
President and CEO. “This year’s sustainability report outlines how
we are leveraging our processes, products, and people to help usher
the aluminum industry into the low-carbon future and work with
stakeholders across the value chain to build a better world.”
The report is available on the sustainability section of Alcoa’s
web site and has been prepared in accordance with Global Reporting
Initiative (GRI) Core Standard. The report also maps Alcoa´s
progress to indicators defined by the Sustainability Accounting
Standards Board (SASB), key United Nations Sustainable Development
Goals, and the International Council for Mining and Metals’ 10
Principles.
This report, titled “Reinventing for a sustainable future,”
includes an overview of the company’s ambition to achieve net zero
greenhouse gas (GHG) emissions across global operations by 2050,
for Scope 1 and Scope 2 emissions, as well as its new technology
roadmap that has the potential to decarbonize and transform the
aluminum value chain.
Some of the notable achievements highlighted in the 2021
report:
- Alcoa made strides in improving its environmental footprint,
including achieving a 9.1% decrease in carbon dioxide equivalent
emissions and a 15.4% decrease in landfilled waste.
- By the end of 2021, 81% of electricity consumed by Alcoa’s
aluminum smelters was from renewable sources.
- With the introduction of Alcoa's technology roadmap – which
includes the ELYSIS™ zero-carbon smelting JV, the Refinery of the
Future initiative, and the Company's ASTRAEA™ recycling process –
Alcoa continued to accelerate the development of breakthrough
innovations that have the potential to decarbonize significant
portions of the aluminum value chain.
- Alcoa updated its Biodiversity Policy to reflect its commitment
to contribute toward halting deforestation globally. Through the
Alcoa Foundation, Alcoa also partnered with the Wildlife
Conservation Society, The University of Queensland, and The
Biodiversity Consultancy to develop tools that can help reduce the
drivers of biodiversity loss from industry.
- Alcoa continued to enable the growing low-carbon aluminum
market through its Sustana™ brand, the industry’s most
comprehensive portfolio of low-carbon products, including through a
deal to supply a mix of low-carbon EcoLum™ metal and metal from the
ELYSIS joint venture for the wheels on Audi’s e-tron GT electric
sportscar.
- Alcoa also made progress in working to investigate new products
that can help support the low-carbon transition, including a joint
development project to investigate the production of high-purity
alumina (HPA), which is used in LED lighting and lithium-ion
batteries.
- Alcoa gave back to the communities where we live and work,
including volunteering thousands of hours and $7.2 million in
community investments through Alcoa Foundation. Alcoa continued to
grow global inclusion groups, and additionally launched an Everyone
Matters self-identification initiative to build a more complete
picture of Alcoa’s global workforce.
Learn more about Alcoa’s sustainability strategy and social,
economic, and environmental progress at
www.alcoa.com/sustainability.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina
and aluminum products with a vision to reinvent the aluminum
industry for a sustainable future. With a values-based approach
that encompasses integrity, operating excellence, care for people
and courageous leadership, our purpose is to Turn Raw Potential
into Real Progress. Since developing the process that made aluminum
an affordable and vital part of modern life, our talented Alcoans
have developed breakthrough innovations and best practices that
have led to greater efficiency, safety, sustainability and stronger
communities wherever we operate.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company
developments and financial performance through its website,
www.alcoa.com, as well as through press releases, filings with the
Securities and Exchange Commission, conference calls and
webcasts.
Forward-Looking Statements
This press release contains statements that relate to future
events and expectations, and as such constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include those
containing such words as “aim,” “ambition,” “anticipates,”
“believes,” “could,” “develop,” “endeavors,” “estimates,”
“expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,”
“plans,” “potential,” “projects,” “reach,” “seeks,” “sees,”
“should,” “targets,” “will,” “working,” “would,” or other words of
similar meaning. All statements by Alcoa Corporation that reflect
expectations, assumptions or projections about the future, other
than statements of historical fact, are forward-looking statements.
Forward-looking statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties, and
changes in circumstances that are difficult to predict. Although
Alcoa Corporation believes that the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that these expectations will be attained, and
it is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties. Additional information concerning factors
that could cause actual results to differ materially from those
projected in the forward-looking statements is contained in Alcoa
Corporation’s filings with the Securities and Exchange Commission.
Alcoa Corporation disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
law.
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Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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