Company Directory - Alcoa Corporation
Company Details - Alcoa Corporation
Alcoa Corporation
WebsitePittsburgh, United States
ISIN: US0138171014
Alcoa Corporation is a global leader in bauxite, alumina, and aluminum products, providing essential infrastructure and packaging solutions. The company develops sustainable and innovative technologies for the aluminum industry, focusing on creating efficient methods and processes for producing aluminum products.
CCI Score
CCI Score: Alcoa Corporation
35.66
-0.02%
Latest Event
Alcoa Policy Advocacy Disclosure 2023
On February 8, 2024, Alcoa Corporation disclosed its 2023 policy advocacy practices, detailing its transparent approach to public policy engagement including strict guidelines on political contributions and lobbying activities. The disclosure emphasizes that corporate funds are not used for political contributions, employee PAC contributions are voluntary, and that executive management oversees these efforts to ensure compliance with ethical standards and legal requirements.
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DISSENTER
Alcoa Corporation is currently rated as a Dissenter.
Latest Events
- FEB082024
On February 8, 2024, Alcoa Corporation disclosed its 2023 policy advocacy practices, detailing its transparent approach to public policy engagement including strict guidelines on political contributions and lobbying activities. The disclosure emphasizes that corporate funds are not used for political contributions, employee PAC contributions are voluntary, and that executive management oversees these efforts to ensure compliance with ethical standards and legal requirements.
+30
Political Contributions and Lobbying Efforts
April 8
Alcoa’s detailed disclosure outlines robust policies that prohibit the use of company funds for political contributions and ensures transparent lobbying practices. These measures reduce the risk of corporate complicity in authoritarian political funding and promote accountability through rigorous reporting and oversight.
+20
Executive Political Engagement
April 8
The oversight of Alcoa’s political activities by senior and executive management, including updates provided to a dedicated board committee, demonstrates a commitment to ethical executive engagement and transparency in public policy decisions.
- JAN012024
According to OpenSecrets, Alcoa Corporation raised $30,098 in political contributions during the 2023-2024 election cycle. This event highlights the firm’s involvement in political financing, an area scrutinized for potential corporate influence over political processes.
-10
Political Contributions and Lobbying Efforts
April 8
The OpenSecrets PAC profile shows that Alcoa Corporation raised $30,098 in the 2023-2024 election cycle, indicating active corporate participation in political financing. From an anti-fascist perspective, such contributions—potentially enabling corporate influence over political outcomes—can undermine democratic accountability and may indirectly support policies aligned with entrenched power structures. Although the donation amount is modest relative to the company’s size, it still reflects an engagement in political contributions that warrants scrutiny.
- DEC312023
Alcoa spent $2,100,000 on lobbying efforts in 2023, as documented by OpenSecrets. This expenditure highlights the company's active engagement in influencing federal policy, raising concerns about potential regulatory capture and corporate influence over democratic processes.
-40
Political Contributions and Lobbying Efforts
April 8
Alcoa's $2.1 million lobbying expenditure in 2023 is indicative of significant corporate involvement in political processes. From an anti-fascist perspective, such spending can perpetuate regulatory capture and undermine democratic accountability, potentially favoring corporate interests over the welfare of marginalized communities.
- DEC312023
Alcoa Corporation released its 2023 Modern Slavery Statement detailing comprehensive measures to assess and address modern slavery risks in its global supply chain. The document outlines due diligence processes, supplier audits, grievance mechanisms, and training programs aimed at safeguarding labor rights and eliminating forced labor practices.
+80
Labor Relations and Human Rights Practices
April 8
Alcoa's publication of a detailed Modern Slavery Statement reflects a strong commitment to ethical labor practices and human rights. The statement elaborates on robust internal processes to assess modern slavery risks, enforce supplier audits, and provide grievance mechanisms, all of which promote transparency and worker protections.
- MAY182023
Alcoa Corporation announced that the United Steelworkers ratified a new three-year collective bargaining agreement covering approximately 860 employees at its aluminum smelters in Indiana and New York, with additional coverage for 50 employees at its Louisiana facility. This agreement enhances job security, fair wages, and benefits, reinforcing progressive labor practices.
+80
Labor Relations and Human Rights Practices
April 8
The ratification of the new collective bargaining agreement by United Steelworkers is a strong positive indicator for labor relations. It secures better terms for workers, demonstrates corporate commitment to fair labor practices, and aligns with progressive values that oppose authoritarian and exploitative labor conditions.
- MAY112023
Alcoa Corporation reached a tentative three-year labor agreement with the United Steelworkers for two U.S. aluminum smelters, ensuring continued worker protections through a negotiated contract that covers approximately 860 employees.
+80
Labor Relations and Human Rights Practices
October 21
The new labor agreement reflects a significant win for workers' rights, demonstrating Alcoa's commitment to fair labor practices and collective bargaining. By reaching this tentative agreement before the previous contract expired, the company helps secure job stability and improves working conditions for its employees, thereby opposing authoritarian labor exploitation.
- JAN012022
Alcoa's human rights approach, detailed on its sustainability page, highlights the integration of the United Nations Guiding Principles for Business and Human Rights and ILO Conventions into its operations. The company established an executive-level Human Rights Council that meets regularly to guide corporate actions, and it addressed security-related human rights risks by joining the Voluntary Principles on Security and Human Rights in 2022.
+60
Labor Relations and Human Rights Practices
April 8
Alcoa's comprehensive human rights policy, which incorporates global standards such as the UN Guiding Principles and ILO Conventions, along with the formation of an executive-level Human Rights Council and joining the Voluntary Principles on Security and Human Rights, demonstrates strong adherence to ethical practices and respect for labor and human rights.
- JAN012022
Alcoa's public human rights policy underscores respect for diversity, incorporates the United Nations Guiding Principles and International Labor Organization conventions, and establishes an executive-level Human Rights Council. The policy also addresses human rights risks in its security practices, as evidenced by its voluntary joining of the Voluntary Principles on Security and Human Rights in 2022.
+80
Labor Relations and Human Rights Practices
April 8
Alcoa’s adoption of a comprehensive human rights policy that incorporates internationally recognized standards and the establishment of a Human Rights Council at the executive level demonstrates a strong commitment to safeguarding labor rights and promoting ethical business practices. This action aligns with progressive, anti-authoritarian principles and contributes positively to corporate accountability.
- JAN012022
Alcoa Corporation released a detailed Human Rights Policy outlining its commitment to upholding international human rights standards, prohibiting forced labor, ensuring safe and fair working conditions, and promoting inclusion and diversity across its global operations.
+80
Labor Relations and Human Rights Practices
April 8
Alcoa’s comprehensive Human Rights Policy is a positive measure that explicitly prohibits forced labor and human trafficking, reinforces safe working conditions, and promotes equal opportunity and diversity. These commitments align with progressive, anti-authoritarian values and support worker rights and ethical business practices.
- MAR012020
Alcoa detailed its Political Contributions Policy, outlining measures that restrict the use of corporate funds for political contributions and mandate a rigorous approval process through the External Affairs group. The policy, effective as of March 2020, supports a non-partisan employee political action committee while ensuring the company does not misuse its resources to influence political outcomes.
+30
Political Contributions and Lobbying Efforts
April 8
The policy actively prevents the misuse of corporate funds for political influence and enforces a clear, legal framework for political engagements, which helps to maintain democratic integrity and resists authoritarian influences. This adherence to clear, non-partisan procedures is a positive signal from an anti-fascist perspective.
Corporate Financials
- Revenue
- 2022
- $13.40B
- Total Assets
- 2022
- $15.00B
- Operating Income
- 2022
- $1.40B
- Total Equity
- 2022
- $6.00B
Employees: 15,000
Industries
- 331314
- Secondary Smelting and Alloying of Aluminum
- 331315
- Aluminum Sheet, Plate, and Foil Manufacturing
- 331316
- Alumina Refining and Primary Aluminum Production
- 331310
- Alumina and Aluminum Production and Processing