Alcoa Recorded Notable Progress Against ESG Objectives

SEATTLE (Scrap Monster): Pittsburgh-based Alcoa Corporation published its 2020 Sustainability Report. The report provides an overview of its progress against key ESG objectives.

The company acted swiftly to protect its employees and communities from the impacts of the COVID-19 pandemic. At the same time, it also ensured continuity of essential operations. The company awarded $2.1 million in grants to support Alcoa communities.

Alcoa’s Climate Change Policy outlines new, long-term goals to align emission reduction targets in line with the Paris Climate Accord. It also published new policies on water stewardship and biodiversity. The company has decided to launch a formal social performance management system to manage and address social risk, by placing special emphasis on efforts to improve engagement with indigenous and land-connected people.

Through the Alcoa Foundation and partnership with International Aluminium Institute, the company promoted various support initiatives to preserve biodiversity and prevent climate change.

Alcoa introduced EcoSource- the industry’s first low-carbon, smelter-grade alumina brand. It also continued to boost sales of low-carbon aluminum EcoLum.

The company, with 13 ASI-certified operating facilities, also earned the prestigious ASI Chain of Custody Standard.

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