Business News
Alcoa Named Component of Dow Jones Sustainability Index for Eighth Consecutive Year
Friday 04. September 2009 - Alcoa (NYSE:AA) announced today that it has been selected for the eighth consecutive year as a component of the Dow Jones Sustainability Indexes (DJSI). The DJSI follow a best-in-class approach and include sustainability leaders from industries worldwide and serve as an important guide for investors to assess a companys sustainability portfolio.
Selection to the indices is based on a thorough analysis of a companys economic, environmental and social performance. The company was once again named a component of the North American Dow Jones Sustainability Index.
“To be included on this key index for eight years in a row clearly shows that Alcoas commitment to sustainability remains strong. We produce the ideal sustainable material – aluminum is lightweight and infinitely recyclable, and it will continue to play a key role in the sustainable life of our planet,” said Alcoa CEO and President Klaus Kleinfeld.
Noteworthy 2008 sustainability achievements include:
The company achieved a 36% reduction in greenhouse gases from the 1990 base year – a 44% improvement over our target for 2010;
Approximately 90% of Alcoas worldwide operations have community programs, putting the company within reach of its target of 100% by 2010; and
Alcoa has been ranked by the Covalence Ethics Index sixth in ethical reputation among all companies worldwide and first in the Resources category.
Since their inception in 1999, the DJSI have become a leading worldwide reference point for sustainability investing. The inclusion of companies in the indexes is based on a comprehensive sustainability assessment of more than 1,000 exchange-listed companies, based on economic, environmental and social criteria. The DJSI North America tracks the performance of the best 20 percent in terms of sustainability among the largest 600 companies in the respective regions.