Alcoa Foundation Announces $7 Million for Sustainability Projects

To help celebrate International Corporate Philanthropy Day (February 28), the Alcoa Foundation has announced $7 million in commitments to bolster global reforestation efforts, promote sustainable hydropower development in China, and address regional environmental challenges in Australia, Brazil, Canada, Europe, Russia, and the United States.

Investments made through the foundation's "Reduce, Recycle, Replenish" program include $4 million for Advancing Sustainability research initiatives focused on environmental challenges in Australia, Brazil, Canada, China, Europe, Russia, and the United States, as well as $1.1 million for the company's Ten Million Trees program, which, in partnership with the Nature Conservancy, American Forests: Global ReLeaf, and Greening Australia, aims to plant ten million trees around the world by 2020.

In a partnership with the Pew Center on Global Climate Change, the funds also will support the expansion of the company's signature Make an Impact program through the Make an Impact: Change Our 2morrow (CO2) Schools Challenge, which is designed to engage students in reducing their environmental footprint and helping their families save money through improved energy efficiency. In addition, a new partnership with the World Wildlife Fund will work to promote water security, habitat protection, responsible water governance, and strategic conservation in China as the emerging global superpower develops twelve new dams along the Mekong River, a critical water source for almost ten million people.

"Alcoa is a part of the fabric of over two hundred communities around the world, and for our operations to thrive, the places in which we operate must thrive as well," said Alcoa Foundation president Paula Davis. "International Corporate Philanthropy Day is an opportunity to reaffirm our commitment to a model of 'shared value creation,' where together with governments, businesses, civic groups, and our employees, we work to make those communities stronger for us all."