Alcoa 1998 Annual Report Download - page 15

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13
Alcoa carries its values wherever in the world it
goes – not only business standards but health,
safety, and environmental standards as well.
This principle is at the core of our due dili-
gence process. It’s not only the right thing
to do, it’s also one of the keys to success-
ful acquisitions and part-
nerships, which form
stronger bonds when
based on mutual respect.
A few current examples:
(Some of these are
covered in detail elsewhere
in News98.)
In Hungary, Alcoa
implemented standards
such as above-ground
chemical tanks and
asbestos removal even
though not required by
regulations. In Australia,
Alcoans work to preserve the unique
jarrah forests and have won international
acclaim for their Land Care projects. In
Drunen, Alcoa Nederland invented the means
to conserve both energy and environment. They
take coated aluminum bottle caps, recycle the
aluminum for new caps, and recycle the coatings as
energy to drive the process. And in Cleveland, an Alcoa
forging plant developed new lubricants in order to curtail
the use of volatile organic compounds. These are a few examples
among hundreds from all around the Alcoa world.
Alcoa believes that future growth
and success have their roots in
the fundamental values of an
organization.
Environment