Pittsburgh aluminium pioneer Alcoa Corporation announced earlier this week that it has been named the aluminium industry’s top performer by S&P Global in the just-released Sustainability Yearbook 2020.
S&P Global utilizes SAM Corporate Sustainability Assessment to determine its yearly rankings, which is a metric used by other such indices, including Dow Jones Sustainability Indices (DJSI). Alcoa notes that it was named by DJSI as its Aluminum Industry Leader last year.
Alcoa President and Chief Executive Officer Roy Harvey greeted the news by highlighting his firm’s proven continued dedication to sustainability in aluminium production.
“Our strong reputation as a sustainable and responsible operator in the mining and metals industry is a key differentiator in our future success and aligns with our strategic priority to advance sustainably. We are proud of this most recent ranking, which reflects the day-to-day work our employees do across the globe in accordance with our Company’s values to act with integrity, operate with excellence and care for people.”
In annual publication since 2004, S&P Global’s Sustainability Yearbook ranked almost 5,000 individual firms in over 5 dozen industries. Alcoa won the aluminium industry’s sole gold classification under this year’s rating system. The firm was also recognized as the industry’s overall mover for 2020.
To be listed in the Sustainability Yearbook, a company must be among the top 15 percent in its industry and must be scored to within 30 percent of its industry’s top-ranked firm.
Alcoa notes that the ranking is the latest of several industry awards as well as calling to mind its several locations around the world certified to the Aluminum Stewardship Initiative’s Performance Standard. The firm also highlighted its membership in the International Council of Metals and Mining (ICMM), which focuses upon improving the aluminium industry’s sustainable practices.