For the fourth year in a row, Alcoa has been named one of Brazil's model companies for sustainable development, in Exame Magazine's Sustainability Guide 2012, the country's largest and most respected publication on sustainability practices and corporate responsibility.
Frank Feder, Regional CEO, Alcoa Latin America & Caribbean, accepts a sustainability award from Exame Magazine Managing Editor André Lahóz. For the fourth consecutive year, Alcoa is one of Brazil's model companies for sustainable development.
The annual guide selects and recognizes the sustainable actions of 20 model companies every year and is Brazil´s most prestigious annual survey on corporate social responsibility.
"For Alcoa, it makes us proud to be part of such a select group of companies. This work exemplifies the commitment our employees have to sustainable development," said Frank Feder, Regional CEO, Alcoa Latin America & Caribbean.
Alcoa was recognized for replacing fuel oil with natural gas at the Poços de Caldas alumina refinery, a cost effective solution that also resulted in an 11 percent reduction of CO2 emissions at the plant.
Alcoa has been previously recognized by Exame for its transparent and open consultation with communities in the heart of the Amazon forest, where the Company has operated a bauxite mine for three years. Alcoa has worked closely with the communities in the Municipality of Juruti to bring about improvements in health, education, culture, the environment, urban and rural infrastructure, security and justice.
The ranking of the Exame Guide is coordinated by the Getúlio Vargas Foundation's Center for Studies in Sustainability, which evaluates companies on three dimensions of sustainability: environmental responsibility, economic success, and social commitment. It also examines business practices, transparency, and corporate governance.