Arconic Publishes Its 2019 Sustainability Report
June 11 2020 - 4:15PM
Business Wire
Company presents its achievements to advance
socially responsible business practices and operational efficiency
for a sustainable world
Arconic Corp. (NYSE: ARNC) (“Arconic” or “the Company”)
announced today that it has published its 2019 Sustainability
Report. The report highlights the Company’s values, approach, and
alignment with key objectives to drive a significant positive
impact on its stakeholders and surrounding communities.
“We are focused on ensuring the health and safety of our
employees, reducing our environmental impact, and engaging with all
of our stakeholders to advance our sustainability objectives,” said
Arconic CEO Tim Myers. “Our culture is defined by integrity,
embraces diversity, drives inclusion and engages employees. We are
excited to build upon our strong heritage as a leader in
sustainability,” Myers added.
Highlights of the Company’s sustainability achievements in 2019
include:
- Decreased greenhouse gas emissions by 9.5 percent compared to
2018.
- Decreased energy consumption by 3.0 percent compared to
2018.
- Reduced carbon emissions intensity by 30 percent between 2005
and 2019 in the Rolled Products segment, which consumes the most
energy among the Company’s three segments.
- Certification from the Aluminium Stewardship Initiative (ASI)
in achieving its environmental performance standard for Arconic’s
corporate headquarters in Pittsburgh, Pennsylvania and in the
rolling mill in Samara, Russia. ASI is focused on responsible
production, sourcing and stewardship of aluminum.
- 77 percent of Arconic’s key suppliers in 2019 had
sustainability programs considered leading or active.
- Thousands of hours were spent by employee volunteers throughout
Arconic’s global footprint to support local efforts that address
specific community needs and interests.
Arconic believes that truly sustainable organizations shape the
future. The Company’s sustainability approach is based on three
levers that help advance its efforts: (1) operational
sustainability that keeps employees safe, empowered and engaged,
reduces the Company’s environmental footprint, and takes action
that supports social responsibility; (2) customer sustainability
that—through Arconic’s innovative products and technologies—enables
customers and their end users to achieve their sustainability
goals; and (3) supply chain sustainability that promotes the use of
sustainable processes and practices among suppliers.
Unless otherwise noted, the information and data contained in
the report pertain only to the operations in the Company’s current
profile. To download the 2019 Arconic Sustainability Report, visit
our Sustainability page on www.arconic.com.
About Arconic Corporation
Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh,
Pennsylvania, is a leading provider of aluminum sheet, plate and
extrusions, as well as innovative architectural products, that
advance the ground transportation, aerospace, industrial,
packaging, and building and construction markets.
Forward-Looking Statements
This release contains statements that relate to future events
and expectations and as such constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include those containing such
words as “anticipates,” “believes,” “could,” “estimates,”
“expects,” “forecasts,” “goal,” “guidance,” “intends,” “may,”
“outlook,” “plans,” “projects,” “seeks,” “sees,” “should,”
“targets,” “will,” “would,” or other words of similar meaning. All
statements that reflect Arconic Corporation’s expectations,
assumptions or projections about the future, other than statements
of historical fact, are forward-looking statements. These
statements reflect beliefs and assumptions that are based on
Arconic Corporation’s perception of historical trends, current
conditions and expected future developments, as well as other
factors Arconic Corporation believes are appropriate in the
circumstances. Forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties, and
changes in circumstances that are difficult to predict. Although
Arconic Corporation believes that the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it
can give no assurance that these expectations will be attained and
it is possible that actual results may differ materially from those
indicated by these forward-looking statements due to a variety of
risks and uncertainties. Such risks and uncertainties include, but
are not limited to, (a) existing and any future adverse effects in
connection with COVID-19, including, among other things, severe
restrictions on economic activity as a result of reactions of
governmental and other authorities (including shelter-in-place or
stay-at-home orders), the impact on global supply and demand, the
suspension or reduction of operations by our customers, suppliers
and other commercial counterparties, the impact on our liquidity
and financial flexibility, and the potential for COVID-19 related
issues to significantly heighten the other risks customarily
associated with our business; and (b) the risk factors summarized
in Arconic Corporation’s reports filed with the U.S. Securities and
Exchange Commission (SEC).
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version on businesswire.com: https://www.businesswire.com/news/home/20200611005820/en/
Investor Contacts Jason Secore Shane Rourke (412)
315-2984 Investor.Relations@arconic.com Media Contact Tracie
Gliozzi (412) 992-2525 Tracie.Gliozzi@arconic.com
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