NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it is among 60 corporations pilot
testing a draft protocol for accounting and reporting greenhouse gas
(GHG) emissions across a product’s life cycle. The Greenhouse Gas
Protocol Initiative is being launched by the World Resources Institute
(WRI) and the World Business Council for Sustainable Development (WBCSD).
WRI and WBCSD have developed two new GHG Protocol standards, the Product
Life Cycle Accounting and Report Standard and the Scope 3 (Corporate
Value Chain) Accounting and Reporting Standard. Alcoa will test the
Product Standard by measuring the climate change impact of its aluminum
forged wheels.
“We are pleased to participate in the evaluation of this new standard
and anticipate the results will allow us to better calculate and
communicate the impacts of our products on climate change. We feel the
forged wheel would be an excellent study, as it is a product which
provides sustainability benefits by reducing fuel consumption and
greenhouse gas emissions through its usage,” said Tim Myers, President,
Alcoa Wheel and Transportation Products.
The road testing process will provide real-world feedback to ensure the
standards can be practically implemented by companies from a variety of
sectors, sizes and geographic areas around the world. Companies
participating in the road testing represent 17 countries from every
continent and more than 20 industry sectors. Alcoa’s learnings from the
multi-month evaluation and results will contribute to publication of
final standards in late 2010.
About Alcoa
Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina, and is active in all major
aspects of the industry, including a leading position in recycling (73
percent of all the aluminum ever produced since 1888 is still in use
today). Alcoa serves the aerospace, automotive, packaging, building and
construction, commercial transportation and industrial markets, bringing
design, engineering, production and other capabilities of Alcoa's
businesses to customers. In addition to aluminum products and components
including flat-rolled products, hard alloy extrusions, and forgings,
Alcoa also markets Alcoa® wheels, fastening systems, precision and
investment castings, and building systems. The Company is a leader in
sustainability and has been a member of the Dow Jones Sustainability
Index for eight consecutive years. Alcoa employs approximately 59,000
people in 31 countries across the world. More information can be found
at www.alcoa.com