Alcoa publishes 2021 Sustainability Report
Alcoa Corp has released its 2021 Sustainability Report. Report provides a detailed overview of the Company's progress against key environmental, social and governance (ESG) objectives. Highlights include Alcoa's ambition to achieve net zero greenhouse gas (GHG) emissions across global operations by 2050.
Alcoa Corporation has released its 2021 Sustainability Report, which provides a comprehensive overview of the Company's progress toward key environmental, social, and governance (ESG) goals.
"Our world needs innovation more than ever before, and we made significant progress in 2021 toward our vision to reinvent the aluminum industry for a sustainable future," said Roy Harvey, president and chief executive officer of Alcoa.
"This year's sustainability report describes how we leverage our processes, products, and people to usher the aluminum industry into a low-carbon future and collaborate with stakeholders across the value chain to create a better world."
The report was made according to the Global Reporting Initiative (GRI) Core Standard and can be found on Alcoa's website in the sustainability section. The report also maps Alcoa's progress to the Sustainability Accounting Standards Board (SASB) indicators, key United Nations Sustainable Development Goals, and the 10 Principles of the International Council on Mining and Metals.
This report, titled "Reinventing for a sustainable future," provides an overview of the company's goal to achieve net zero greenhouse gas (GHG) emissions across global operations by 2050, for both Scope 1 and Scope 2 emissions, as well as its new technology roadmap, which has the potential to decarbonize and transform the aluminum value chain.
Among the noteworthy accomplishments highlighted in the 2021 report are:
Alcoa made strides in reducing its environmental impact, including a 9.1% reduction in carbon dioxide equivalent emissions and a 15.4% reduction in waste sent to landfills.
By the end of 2021, 81% of the electricity used in Alcoa's aluminum smelters came from clean sources.
With the introduction of Alcoa's technology roadmap – which includes the ELYSISTM zero-carbon smelting JV, the Refinery of the Future initiative, and the Company's ASTRAEATM recycling process – Alcoa accelerated the development of breakthrough innovations that have the potential to decarbonize substantial portions of the aluminum value chain.
Alcoa revised its Biodiversity Policy to reflect its dedication to halting deforestation worldwide. Alcoa partnered with the Wildlife Conservation Society, The University of Queensland, and The Biodiversity Consultancy through the Alcoa Foundation to develop tools that can aid in reducing the causes of biodiversity loss in the industrial sector.
Alcoa continued to support the growth of the low-carbon aluminum market through its SustanaTM brand, which has the industry's largest range of low-carbon products. This included a deal to supply a mix of low-carbon EcoLumTM metal and metal from the ELYSIS joint venture for the wheels on Audi's e-tron GT electric sportscar.
Alcoa also made progress investigating new products that can support the low-carbon transition, including a joint development project to study the production of high-purity alumina (HPA), which is used in LED lighting and lithium-ion batteries.
Alcoa gave back to the communities in which we live and work through Alcoa Foundation, which contributed thousands of volunteer hours and $7.2 million in community investments. Alcoa launched the Everyone Matters self-identification initiative and also grew its global inclusion groups to get a better picture of its global workforce.
Source: Alcoa news release