Alcoa Named to Climate Disclosure Leadership Index for Sixth Consecutive Year
Alcoa (NYSE:AA) announced today that it has been named to the Carbon Disclosure Project (CDP) Carbon Disclosure Leadership Index for the sixth consecutive year. This index, a key component of CDP’s annual Global 500 Report, highlights companies within the FTSE Global 500 Index that have displayed the most proficient approach to corporate governance in regards to climate change disclosure practices.
The CDP represents 385 global institutional investors with $57 trillion in assets under management. Carbon disclosure and climate change reporting is critical for investors to fully assess their risks, liabilities and opportunities within their portfolios.
The Climate Disclosure Leadership Index is comprised of 67 global 500 companies that showed distinction in their responses to the CDP survey based on reporting of greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change. The index, which provides an evaluation tool for institutional investors, is made up of the top 34 companies selected from non-carbon-intensive sectors and the top 33 companies selected from carbon-intensive sectors.
"Alcoa is committed to address climate change responsibly and sustainably, and we are pleased to be a member of this prestigious honor roll of global corporations addressing the challenges of climate change," said Alcoa President and CEO Klaus Kleinfeld.
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa(R) wheels, fastening systems, precision and investment castings, and building systems. The Company has 97,000 employees in 34 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com