American aluminium major Alcoa announced yesterday that it has been named one of the world’s leading sustainability firms on the Dow Jones Sustainability Indices (DJSI), making this year the fifteenth consecutive year in which the firm finds itself on the list. Alcoa was also named the Aluminum Industry Leader on the Dow Jones World Index, which is a repeat honor for the firm as well.
“As we prepare to launch two strong companies in the second half of 2016, we will continue using our innovation, creativity, and passion to deliver net-positive benefits to the environment, communities where we operate, our employees, and our shareholders,” said Chief Sustainability Officer and Vice President, Environment, Health & Safety Kevin McKnight.
Alcoa cites the following achievements as highlights of its sustainability performance in 2015:
- Reaching greenhouse gas intensity target five years ahead of the 2020 deadline by cutting 5.5 million metric tons of absolute greenhouse gas emissions, and bettering greenhouse gas emission intensity over their 2005 baseline by almost one third.
- Alcoa was one of the first companies to sign the American Business Act on Climate Pledge. The pledge included committing to reduce absolute greenhouse gas emissions in the United States by half of 2005 levels, and to show an overall net reduction of greenhouse gas emissions from the use of products equal to three times the emissions created by their production. Both goals are to be met by 2025.
- High-performance aluminum, titanium, and nickel-based alloy products developed by Alcoa are used throughout every high-growth commercial aircraft platform. The alloys in question make aircraft lighter and more fuel efficient, increase engine efficiency, and shrink carbon footprints.
- Alcoa’s proprietary milling technology, which turns out automotive parts that are twice as formable and one-third lighter than comparable parts made from high-strength steel. Parts made using this process debuted on the 2016 Ford F-150 truck.
- Alcoa made significant strides in improving its bauxite residue storage efficiency and rehabilitation rate. It also finalized biodiversity action plans for three locations, and reduced its overall global mining footprint.
The Dow Jones Sustainability Indices are the longest-running worldwide sustainability benchmarks. The criteria used include long-term economic, environmental, and social factors, and use a best-in-class approach to determine winners.