CEO Statement
In January 2005 and 2006, Alcoa was named one of the most sustainable corporations in the world during a ceremony at the World Economic Forum in Davos, Switzerland. At the end of 2005, we were also named one of the top green companies in the world by BusinessWeek magazine and the Climate Group in
recognition of our performance in reducing greenhouse gas emissions.
Such prestigious recognition of our sustainability efforts gives us great pride but also drives us to do even better. Within the pages of this 2005 highlights summary and our new approach to more comprehensive sustainability reporting on www.alcoa.com, you will see where we excelled, where we fell short, and where
challenges remain.
On a personal level, my greatest disappointment in 2005 was the number of fatalities we experienced. Six people—two employees and four contractors—did not go home to their families at the end of their workday. We must eliminate fatalities. This is not easy. If it were, we’d be there by now. However, we are taking additional actions that will build upon an already strong fatality prevention program, including taking steps to strengthen our incident investigation procedures to include a more rigorous examination of if and how our management systems contribute to fatalities. Additional details can be found in the Health & Safety section of our online sustainability reporting. Other major developments in 2005 included the following:
● We revised our 2020 Strategic Framework for Sustainability— a set of long-range goals to be achieved by 2020, with routine measurement to track our progress—to make it more comprehensive in terms of sustainability principles. We are
currently inviting our stakeholders to provide comment on the interim metrics.
● By the end of 2005, we achieved a landfilled waste reduction of more than 50% from a 2000 baseline. This continued to exceed our short-term target of a 50% reduction by 2007.
● While our lost workday rate remained the same as 2004, our total recordable rate decreased 17%.
● We initiated a global transformation of our human resources function to attract, develop, and retain the best talent.
● Alcoa Foundation created the Conservation and Sustainability Fellowship Program, a unique US$8.6 million program to advance the knowledge in the field
of conservation and sustainability through fellowships to outstanding academics and practitioners from non-governmental organizations.
● We posted total revenues of US$26.2 billion, the highest in the company’s history. We welcome your feedback about both our sustainability performance and reporting structure and encourage you to send an email to [email protected] or complete our online survey at www.alcoa.com/go/sustainability survey.
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