Oct 1 2007
Alcan Inc. announced today that it has been selected to the Climate Disclosure Leadership Index in recognition of its transparency and its work in addressing global climate change. Comprised of 68 Financial Times 500 companies, the Index is part of a Carbon Disclosure Project report that outlines the key features that make climate change a critical shareholder value issue for both investors and global corporations.
"Alcan recognizes that climate change is an issue that has an impact on the long-term sustainability of our business," said Dick Evans, President and CEO, Alcan Inc. "Being listed on the Climate Disclosure Leadership Index recognizes Alcan's ongoing commitment to addressing the issue of climate change by reducing greenhouse gas emissions (GHGs) through leading-edge technology and clean, renewable energy solutions," he added.
The principal vehicle for Alcan's commitment to addressing climate change is the Company's GHG emissions reduction program, TARGET, which was implemented in 2001 and is a key component of its Environment, Health and Safety (EHS FIRST) management system. Alcan began to systematically monitor and measure its air emissions in 1990, and has since then significantly reduced its specific perfluorocarbon (PFCs - a greenhouse gas) emissions by 80 percent. Alcan has also committed to an additional 10% reduction in the intensity of direct greenhouse gas emissions by 2010.
Alcan has also proactively addressed the challenges of climate change in the public discourse by participating in organizations like the United States Climate Action Partnership and by recently signing the UN Global Compact's "Caring for Climate: The Business Leadership Platform" statement.