PITTSBURGH–(BUSINESS WIRE)–Arconic Corporation (NYSE:ARNC) (“Arconic” or the “Company”) has released its 2021 Environmental, Social and Governance (ESG) Report. The report, which can be downloaded from the ESG page of the company’s website, outlines the company’s commitment to protecting the environment, championing diversity, equity and inclusion, and conduct business ethically and transparently within the framework of its core values.
“Over the past year, we have made significant progress on our journey to advance global sustainability throughout the aluminum value chain,” said Managing Director Tim Myers. “In 2021, we conducted our first materiality assessment to identify our priority ESG topics through active dialogue with a diverse group of key stakeholders. This feedback feeds into our action plans to minimize our carbon footprint, ensure a resilient supply chain, drive product sustainability, and continue to foster a culture that embraces diversity, equity and inclusion.
Arconic publishes annual sustainability information and data in accordance with reporting frameworks including CDP, Global Reporting Initiative (GRI), Accounting Standards Board for Sustainability (SASB) Metals and Mining Standard and the United Nations Global Compact (UNGC).
Highlights of the company’s ESG achievements in 2021 include:
Total recordable incident rate decreased by 7% compared to 2020
Days away, restrictions and transfer rate decreased by 24% compared to 2020
Scope 1 greenhouse gas emissions intensity decreased by 5.5% compared to 2020
Scope 2 greenhouse gas emissions intensity decreased by 21.5% compared to 2020
Diversity, Equity and Inclusion
40% of our global executives are women
21.9% of our American employees and 30% of our American executives are of various ethnicities
$8.2 million awarded to 132 nonprofits and community organizations in eight countries by the Arconic Foundation in 2021
Perfect score of 100 in the Human Rights Campaign Foundation’s Corporate Equality Index
More than 4,300 actions registered by Arconic employees in favor of inclusion, diversity and social equity
About Arconic Corporation
Arconic Corporation (NYSE:ARNC), headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance transportation land, aerospace, building and construction, industry and packaging. markets. For more information: www.arconic.com.
This release contains statements relating to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing words such as “anticipate” , “believes,” “could”, “estimates”, “expects”, “plans”, “goal”, “direction”, “intends”, “may”, “outlook”, “plans ‘, ‘projects’, ‘research’, ‘sees’, ‘should’, ‘target’, ‘will fly’, ‘should’ or other words of similar meaning. All statements that reflect Arconic’s expectations, assumptions, projections, beliefs or opinions about the future, other than statements of historical facts, are forward-looking statements, including, without limitation, statements relating to conditions, trends or developments in, ground transportation, aerospace, building and construction, industrial, packaging and other end markets; future financial results, operating performance, working capital, cash flow, liquidity and financial condition of Arconic; cost reduction and restructuring programs; Arconic’s strategies, outlook, business and financial prospects; share buybacks; costs associated with pension plans and other post-employment benefit plans; projected sources of cash flows; and potential legal liability. These statements reflect beliefs and assumptions based on Arconic’s perception of historical trends, current conditions, and expected future developments, as well as other factors Arconic deems appropriate in the circumstances. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from those indicated by such forward-looking statements due to a variety of risks, uncertainties and changes in circumstances, many of which are beyond the control of ‘Arconic. These risks and uncertainties include, but are not limited to: (a) continued uncertainty regarding the duration and impact of the COVID-19 pandemic on our business and the businesses of our customers and suppliers, including shortages labor and increased quarantine rates; (b) deterioration in global economic and financial market conditions generally; (c) adverse changes in the end markets we serve; (d) failure to achieve the level of revenue growth, cash generation, cost savings, benefits of our legacy liability management, improved profitability and margins, fiscal discipline or planned or targeted strengthening of competitiveness and operations; (e) adverse changes in discount rates or investment returns on pension assets; (f) competition from new product offerings, disruptive technologies, industry consolidation or other developments; (g) loss of significant customers or adverse changes in customers’ business or financial condition; (h) manufacturing difficulties or other issues that impact product performance, quality, or safety; (i) the impact of commodity price volatility and inflationary pressures on our production costs; (j) a material downturn in the business or financial condition of a key supplier or other supply chain disruptions; (k) challenges to or violations of our intellectual property rights; (l) failure to successfully implement our return to the US packaging market or realize the expected benefits of other strategic initiatives or projects; (m) the inability to identify or successfully respond to changing trends in our end markets; (n) the impact of potential cyberattacks and breaches of information technology or data security; (o) geopolitical, economic, and regulatory risks related to our global operations, including compliance with U.S. and foreign trade and tax laws, sanctions, embargoes, and other regulations; (p) the outcome of contingencies, including legal proceedings, governmental or regulatory investigations, and environmental remediation and compliance matters; (q) restrictions imposed by the authorities on the operation of our plant in Samara, Russia; (r) the impact of the conflict between Russia and Ukraine on general economic conditions and on our business and operations; and (s) other risk factors summarized in Arconic’s Form 10-K for the year ended December 31, 2021 and other reports filed with the United States Securities and Exchange Commission (SEC). The above list of factors is not exhaustive or necessarily ranked in order of importance. Market projections are subject to the risks discussed above and in this release, as well as other market risks. Statements in this release are made as of the date of this release, even if subsequently made available by Arconic on its website or otherwise. Arconic disclaims any intention or obligation to publicly update any forward-looking statement, whether in response to new information, future events or otherwise, except as required by applicable law.