Alcoa Innovation Drives Strong Sustainability Results
June 19 2015 - 8:30AM
Business Wire
Achievements Highlighted in Newly Released 2014
Sustainability Report
2014 Sustainability Report Highlights
- Reduced absolute greenhouse gas
emissions by 3 million metric tons, or 6.8 percent
- Included in the Dow Jones
Sustainability Indexes for the 13th consecutive year
- Developed forging for the world’s first
hybrid-metallic fan blade, helping make Pratt & Whitney’s
PurePower® engines lighter and more fuel efficient
- Unveiled Alcoa MicromillTM technology;
will manufacture most advanced aluminum sheet on the market,
supporting the creation of lighter, more fuel efficient, safer
vehicles
- Introduced Ultra ONETM heavy-duty truck
wheel; 47 percent lighter than steel wheel of same size, enables
trucks to increase fuel efficiency and payload
- Named the World’s Most Active
Organization by the Global Corporate Challenge for the second
consecutive year
- Invested US$38.4 million in community
programs via Alcoa and Alcoa Foundation
Alcoa (NYSE: AA) today announced that its innovative products
and transformation strategy are delivering strong sustainability
results. The achievements are highlighted in Alcoa’s 2014
Sustainability Report.
Over the last year, the Company expanded its multi-material
value-add portfolio and introduced innovations across its end
markets enabling customers to produce more environmentally friendly
products. Alcoa also continued to reshape its commodity business to
become more globally competitive by closing and curtailing
high-cost, less efficient facilities, reducing its overall
emissions.
“Alcoa’s transformation is driving profitable growth, advancing
sustainability and delivering innovative products to meet the
demands of a more energy-efficient world,” said Klaus Kleinfeld,
Alcoa Chairman and Chief Executive Officer. “From trucks to cars to
airplanes and beyond, our innovations in lightweight metals are
increasingly being used by our customers and their consumers to
create a more sustainable global society.”
The following are among the Company’s achievements highlighted
in the 2014 Sustainability Report:
- Alcoa Innovations Put Sustainable
Products on the Fast Track: In 2014, Alcoa unveiled a jet
engine first— the world’s first advanced aluminum alloy fan blade
forging for Pratt & Whitney’s Hybrid-Metallic Fan Blade, which
will help make Pratt & Whitney’s PurePower® engines
lighter and more fuel efficient. In automotive, Alcoa’s
breakthrough MicromillTM technology will enable the manufacture of
automotive parts twice as formable and 30 percent lighter than
parts made from high-strength steel, supporting the creation of
lighter, more fuel efficient, safer and more stylish vehicles for
the future. In commercial transportation, Alcoa’s new Ultra ONETM
heavy-duty truck wheel is 47 percent lighter than a steel wheel of
the same size and helps trucks increase payload and fuel
efficiency.
- Alcoa’s Environmental Footprint
Continues to Shrink: Through energy-efficiency improvements, as
well as closures and curtailments of less-efficient facilities,
Alcoa reduced its absolute greenhouse gas emissions by 3 million
metric tons, or 6.8 percent, in 2014. For every metric ton of
aluminum Alcoa makes today, it emits 25.9 percent less greenhouse
gases than it did in 2005.
- World-class Health and Safety
Culture Delivers Results: The Company continued to invest in
the safety, health, and well-being of its employees and their
families. Regrettably, we suffered one contractor fatality during
2014. Alcoa’s days away, restricted, and transfer (DART) rate
improved 8.3 percent from 2013. Wellness remained a key focus, with
Alcoa being named the World’s Most Active Organization by the
Global Corporate Challenge for the second consecutive year.
“The progress we continue to make demonstrates that we live our
sustainability value every day, with a goal of leaving a positive
impact everywhere we operate and in every market where we compete,”
said Kevin McKnight, Alcoa’s Chief Sustainability Officer and Vice
President of Environment, Health, and Safety. “The people of Alcoa
are dedicated not only to enhancing shareholder value, but also to
advancing the world through Alcoa innovation, creativity, and
passion.”
Alcoa’s 2014 Sustainability Report details the Company’s global
environmental, social and economic performance during 2014. Alcoa
has produced the report for 13 consecutive years. More detail is
available online in the Sustainability section of alcoa.com at
http://www.alcoa.com/sustainability.
About AlcoaA global leader in lightweight metals
technology, engineering and manufacturing, Alcoa innovates
multi-material solutions that advance our world. Our technologies
enhance transportation, from automotive and commercial transport to
air and space travel, and improve industrial and consumer
electronics products. We enable smart buildings, sustainable food
and beverage packaging, high performance defense vehicles across
air, land and sea, deeper oil and gas drilling and more efficient
power generation. We pioneered the aluminum industry over 125 years
ago, and today, our approximately 59,000 people in 30 countries
deliver value-add products made of titanium, nickel and aluminum,
and produce best-in-class bauxite, alumina and primary aluminum
products. For more information, visit www.alcoa.com, follow @Alcoa
on Twitter at www.twitter.com/Alcoa and follow us on Facebook at
www.facebook.com/Alcoa.
Forward-Looking StatementsThis release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “expects,”
“goal,” “may,” “should,” “will,” and similar expressions are often
used in forward-looking statements. All statements that reflect
Alcoa’s expectations, assumptions, or projections about the future
other than statements of historical fact are forward-looking
statements, including, without limitation, statements regarding
future capabilities or benefits of new manufacturing technologies,
Alcoa’s transformation strategy, and sustainability goals.
Forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, and changes in
circumstances that are difficult to predict. Many factors could
cause actual results to differ materially from those in the
forward-looking statements, including, without limitation: (a)
changes in aluminum industry or global economic conditions
generally or in the markets served by Alcoa; (b) business
disruptions due to unavailability of energy, equipment outages,
natural disasters, or other unexpected events; (c) changes in
regulatory requirements or the competitive landscape; (d) failure
to successfully implement, to achieve commercialization of, or to
realize expected benefits from new technologies, advanced alloys,
or other innovations, including, without limitation, Alcoa
MicromillTM technology; and (e) the other risk factors discussed in
Alcoa’s Form 10-K for the year ended December 31, 2014 and other
reports filed with the Securities and Exchange Commission. Alcoa
disclaims any intention or obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150619005071/en/
AlcoaNahla Azmy, 212-836-2674Nahla.Azmy@alcoa.comorBridget
McNie, 412-553-2609Bridget.McNie@alcoa.com
Arconic (NYSE:ARNC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Arconic (NYSE:ARNC)
Historical Stock Chart
From Apr 2023 to Apr 2024