Alcoa Summary

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Company Description

Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina operating in 31 countries. 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. Alcoa’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. Its business segments include Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. It is headquartered in Pittsburgh, Pennsylvania.

CEO: Klaus Kleinfeld   Revenues: $22.6 Billion (2013)    Employees: 60,000 (2013)

Climate and Energy-Related Targets
We have been a leader in reducing GHG emissions from our operations for nearly two decades. In the early 1990s, we made our first voluntary GHG reductions. In 1998, we established a Climate Change Strategy Team that developed and promoted our first position on climate change, including our long-term goal to reduce direct greenhouse gas emissions by 25% below 1990 levels by 2010. Achieving that goal well ahead of schedule, we established a new goal to reduce 2005 levels of total carbon dioxide (CO2) intensity in our Global Primary Products business (refining and smelting) by 20% by 2020 and 30% by 2030.

We achieved a 23.1% intensity reduction in our Global Primary Products business through 2011. Due to that progress, we decided to bring forward our 2030 goal of a 30% reduction to 2020 and increase our 2030 goal to a 35% reduction.

The intensity reduction in 2011 came from repositioning our operations to take advantage of clean hydroelectric power, quickly sharing best practices to reduce process emissions, and targeting energy efficiency at every location.

We have refined our climate change strategy so we can adapt to specific outcomes emerging from business, technical, and legislative developments. Specifically, the strategy allows us to:

  • Incorporate the potential physical impacts of climate change into growth decisions and operational planning for existing assets;
  • Integrate carbon risk into capital planning and valuation of mergers and acquisitions; and
  • Establish a prioritized action plan for mitigating carbon risk and maximizing business opportunities.

Our strategy is supported by a quantitative model developed internally that allows us to forecast the impact of emerging legislative programs in terms of compliance requirements and the cost of energy. This model will be updated as timing and policy content evolves, and the output will be used to guide our strategic decisions on growth and deployment of capital.

Our actions in 2011 can be summarized around the six main elements of our strategy: emissions reduction; strategic energy decisions; stakeholder engagement; product and market evolution; climate adaptation; and policy engagement.

Climate and Energy Recent Initiatives
Alcoa's Make an Impact Project: Growing concern around the environmental impacts of climate change and rising energy costs has prompted many of Alcoa employees and neighbors to question what they can do to take action. In response, Alcoa Foundation and the Center for Climate and Energy Solutions have partnered on Make an Impact – a unique community focused project aimed at raising awareness and mobilizing action on climate change in Alcoa communities.

Modeled on the project developed in Australia in 2006 by Alcoa, Alcoa Foundation and Greening Australia, Make an Impact provides the tools and resources for Alcoa employees, their families and local community to understand and manage their individual greenhouse footprint.

The program features dynamic website with tips, tools and resources on how to reduce energy bills and live more sustainably; custom-built carbon calculator featuring best practice individual carbon ‘footprint’ analysis and action planning; and comprehensive outreach program of educational workshops and hands-on activities to support local action and encourage sustainable change.

What Alcoa is Saying About Climate Change

http://www.alcoa.com/global/en/news/alcoa_video.asp?videoid=62

Relevant Links

Alcoa Company Web Site

Alcoa Sustainability Report

Alcoa Make an Impact