Alcoa’s Poços de Caldas location in Brazil Earns Certification from Aluminium Stewardship Initiative (ASI)

Rhea-AI Summary

Alcoa Corporation (NYSE: AA) has achieved ASI Performance Standard certification for its Poços de Caldas operations in Brazil, marking all its Brazilian sites ASI certified. This brings Alcoa's total ASI-certified sites globally to 17. The Poços de Caldas facility includes a bauxite mine, alumina refinery, and aluminum casthouse, and is the sole producer of aluminum powder for industrial applications in the region. This certification underscores Alcoa's commitment to sustainability and adherence to high environmental and social standards.

Positive

• Achieved ASI Performance Standard certification for all Brazilian operations.
• Total of 17 ASI-certified locations globally enhances Alcoa's market position.
• Focus on sustainability aligns with growing investor preference for environmental responsibility.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA) announced today that it has received certification from the Aluminium Stewardship Initiative (ASI) for its Poços de Caldas operations in Brazil.

All of the Company’s operating locations in Brazil are now ASI certified, which brings the global number of Alcoa sites that have earned ASI’s Performance Standard certification to 17.

Founded in 1965, the Poços de Caldas site was Alcoa’s first venture in Brazil. It includes a bauxite mine, alumina refinery, and aluminum casthouse, all of which passed the required assessments to earn ASI’s certification to the Performance Standard.

In addition, the Poços de Caldas location is the company’s sole producer of aluminum powder that can be used in a variety of industrial applications.

“This certification marks an important milestone in our efforts to ensure that all of our Brazilian operations adhere to the highest sustainability standards,” said Otavio Carvalheira, Alcoa’s President of Brazil and Vice President of Operations. “It demonstrates our commitment to our stakeholders that we always strive to operate safely, with protection of the environment and respect for people, and to produce products that will create a more sustainable future.”

The ASI Certification program is the most comprehensive in the aluminum industry, applicable to both upstream producers and downstream manufacturers. Its rigorous standards were developed in consultation with multiple stakeholders, and they cover material Environmental, Social, and Governance (ESG) issues affecting the entire aluminum value chain, such as greenhouse gas emissions, biodiversity, and human rights.

“ASI warmly congratulates Alcoa on achieving Performance Standard Certification at its Poços de Caldas operations,” said Fiona Solomon, ASI’s Chief Executive Officer. “Sustainability is an ongoing journey that constantly challenges companies to improve and adapt.”

The location is also currently progressing on implementing press filtration for bauxite residue, an improvement first implemented in Western Australia that saves water and reduces land requirements for bauxite residue.

Alcoa Corporation’s global headquarters also recently earned ASI certification to the Performance Standard. The Company has the capability to sell ASI-certified bauxite, alumina, and aluminum globally due to locations being certified to both the Performance Standard and Chain of Custody (CoC) standards.

Alcoa’s ongoing membership and participation in ASI’s certification programs aligns with Alcoa’s core sustainability objectives – sharing value with host communities, improving the Company’s environmental footprint, and enhancing the value of its products through differentiation.

About Alcoa Corp.

Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.

Dissemination of Company Information

Alcoa Corporation intends to make future announcements regarding company developments and financial performance through its website at www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls and webcasts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220908005045/en/

Investor Contact:

James Dwyer

412-992-5450

James.Dwyer@alcoa.com

Media Contact:

Jim Beck

412-315-2909

Jim.Beck@alcoa.com

Source: Alcoa

FAQ

What is the significance of Alcoa receiving ASI certification for its Poços de Caldas operations?

The ASI certification signifies that Alcoa's operations meet high sustainability standards, potentially enhancing investor confidence.

How many ASI-certified sites does Alcoa have worldwide?

Alcoa now has a total of 17 ASI-certified sites globally.

What does the Poços de Caldas site produce?

The Poços de Caldas site includes a bauxite mine, alumina refinery, and is the only producer of aluminum powder for industrial applications in Brazil.

What are the benefits of ASI certification for Alcoa?

ASI certification improves Alcoa's sustainability profile, aligns with ESG objectives, and may enhance product differentiation in the market.

When was the ASI certification for Alcoa's Poços de Caldas operations announced?

The certification was announced on the date referenced in the press release.