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| Alcoa |
Company advances renewable energy use, safety, and mine rehabilitation
Strategic acquisitions and green financing fuel sustainable transformation
Alcoa’s 2024 Sustainability Report showcases major progress in decarbonization, safety, and responsible sourcing.
The company reported that 86% of electricity used in its aluminum smelters now comes from renewable sources, underlining its carbon reduction goals.
Alcoa achieved a 2.03:1 mine rehabilitation-to-disturbance ratio, reinforcing its land stewardship commitments.
The company also celebrated zero worker fatalities or serious injuries across all managed operations—its best safety performance since 2016. These milestones reflect Alcoa’s growing emphasis on ESG metrics as core operational drivers.
A key feature of the report is Alcoa’s $737.4 million allocation from its green bond to sustainability projects.
These include investments in renewable power, pollution prevention, water efficiency, and circular economy innovations. The company also completed 15 supplier site collaborations and maintained 18 ASI-certified facilities, supporting responsible sourcing goals.
The report marks a broader transformation for Alcoa, driven by its acquisition of Alumina Limited and NYSE/ASX dual listing.
Alcoa invested $1.6 billion in wages and benefits and contributed over 12,300 volunteer hours in 2024. It also committed $8.2 million to employee learning, linking operational excellence with talent development.
ScrapInsight Editorial Commentary:
Alcoa’s 2024 ESG gains send clear signals to global recyclers and secondary metal suppliers. As more aluminum enters green certification channels, scrap dealers may see tighter demand for traceable, low-carbon inputs. Alcoa’s bond-driven sustainability strategy mirrors a growing trend among primary producers—raising the bar for scrap quality and environmental reporting in global supply chains.
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