SERIOUS MONDAY: ALCAN GETS “AAA” SUSTAINABILITY RATING

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Innovest Strategic Value Advisors have awarded Alcan, a metals and mining company based in Montreal, Canada, an AAA rating for environmental, social, and governance practices and performance.

“Alcan is pleased to be recognized as having the mining and metals sector’s strongest environmental, social and governance practices and performance record, an honour that reflects the significant efforts of all our 68,000 employees around the world.” said Dick Evans, President and CEO. Alcan, Inc.

The report comes from Innovest’s global review of the industry and its companies. The report assigns Innovest Intangible Value Assessment (IVA) ratings on all companies using a seven tier rating scale with AAA being the highest rating to CCC being the lowest.

Mr. Evans says, “At Alcan, two of our highest priorities is the health and safety of our employees and the stewardship of our environment and the communities which we operate.”

In 2003, Alcan implemented EHS-First which is a key part of Alcan’s Integrated Management System. This is the framework for which environment, health, and safety is put first and measured.

Between 1990 and 2005 the total greenhouse gas emission was reduced by 25% and the company recently committed to a further 10% reduction in CO2 emissions from 2006-2010. The company chaired the executive forum on climate change in 2005, took part in the Carbon Disclosure Project, joined the U.S. Climate Action Partnership, and recently signed the UN Global Compact’s “Caring for Climate” statement.

Dawn

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1 Response to “SERIOUS MONDAY: ALCAN GETS “AAA” SUSTAINABILITY RATING”


  1. 1 Stuart Burns January 23, 2008 at 9:23 am

    I would be interested to know how a company operating one of the most poluting of manufacturing processes, aluminium smelting, manages to achieve a AAA rating? I am sure Alcan as a responsible Blue Chip multinational makes every effort to minimize the polluting efffects of their operations and if nothing else from an economic perspective they will seek ways to minimize the enourmous power consumption of their manufacturing processes but surely by its very nature aluminium smelting is not an environmentally benign process. Is this the sole basis of their rating, that they reduced CO2 emmissions?


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