NEW YORK–Alcoa (NYSE:AA) has been named one of China’s Top 100 Green Companies by Green
Company Magazine in its annual ranking of corporate sustainability
practices. It is the second year in a row Alcoa has been recognized by
the publication for environmental leadership.
The ranking was initiated by Green Company Magazine, Chinese
Entrepreneur Association and Daonong Center for Enterprise, a leading
Chinese think tank on developing entrepreneurship.
Alcoa was recognized for its endeavor to drive sustainability through
technological innovation, advanced management to reduce carbon
emissions, and investment in research projects on environmental and
social impacts generated by business operations.
“A meaningful innovation brings true and sustainable benefits for the
company and the industry. But more importantly it brings benefits to the
communities where the company operates,” said Jinya Chen, Alcoa Vice
President and President of Asia Pacific. “Innovation can create
long-term positive impacts on sustainable growth in China. Chinese
companies and government bodies need to consider implications beyond
short-term business interests when making investments in technology,
operations and innovation.”
More than 1,000 companies competed for the recognition, which was based
on five criteria including business performance, contribution to
society, environmental impact, innovation and cross-business
competitiveness. Winners are chosen through an on-line survey taken by
the general public on China’s leading news portals and a review by
senior business executives and scholars.
The top 100 winners were announced during a Green Company Forum held
recently in Wuhan, China. Co-sponsored by Wuhan municipality, the forum
gathered more than 100 business leaders, senior government officials,
prestigious scholars and business commentators.
Joining Alcoa on the list are other world leading multinationals such as
General Electric, Volkswagen China, P&G, as well as China national top
companies like Lenovo and Bao Steel.
About Alcoa in China
Alcoa is the largest multinational
investor in China’s aluminum industry, investing nearly $800 million
since 1993. Alcoa has plants and offices in Beijing, Shanghai,
Qinhuangdao, Kunshan, Suzhou, Guangzhou and Hong Kong. These facilities
manufacture and sell sheets, fasteners, automotive components and
aerospace products for packaging, printing, commercial transportation,
consumer electronics, industrial products, automotive and aerospace
Alcoa’s contributions to building a sustainable China also extend to
community involvement. Alcoa has given more than US$6 million to China
communities in which it has a presence since 2004, and more than 63
percent of Alcoa employees from eight locations in China have
volunteered in their communities in a variety of environmental,
educational and other community projects. As of December 31, 2011, Alcoa
China employed 1063 people.
Alcoa is the world’s leading producer of primary
and fabricated aluminum, as well as the world’s largest miner of bauxite
and refiner of alumina. In addition to inventing the modern-day aluminum
industry, Alcoa innovation has been behind major milestones in the
aerospace, automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. 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. Sustainability is an integral
part of Alcoa’s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for 10 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 31
countries across the world. More information can be found at www.alcoa.com.