Alcan Ranked Number One Canadian Corporate Citizen
TORONTO, June 5 - Alcan Inc. (NYSE, TSX: AL) placed first
out of the TSX 100 companies judged this year by Corporate Knights magazine.
The Canadian-based multinational also ranked first in the materials sector in
a field of 21 other corporations.
"We're extremely pleased to be receiving this recognition", said Travis
Engen, President and CEO of Alcan Inc. "Our governing objective of Maximizing
Value is being recognized by many businesses and international agencies.
Alcan's 53,000 employees are executing our business plan and strive, through
continuous improvement, to be the best."
The 100 companies examined by Corporate Knights were ranked on their
performance based on seven criteria: community relations, international
practices, product safety, business practices, corporate governance, employee
relations and diversity. Corporate Knights enhanced their analytical process
this year by using three independent research groups to evaluate the rankings.
Each group of researchers used the same parameters.
"Alcan is a good example of how a firm can forge sustainability with
profitability. In a world that requires business to step up to the plate on
their broader responsibilities, Alcan has set an evolving standard that other
companies should shoot for", declared Toby Heaps, publisher of Corporate
Knights magazine.
Alcan is in the Dow Jones Sustainability World Index for economic,
environmental, social policies and performance. In 2002, Alcan won a United
Nations Environment Program (UNEP) award for excellence in sustainable
development involving Micro Business Network. Earlier this year, Alcan emerged
as one of the "World's Most Admired Companies", finishing a strong second in
the international metals industry category on Fortune Magazine's global
corporate reputation survey.
Corporate Knights considers itself a bridge between corporate Canada and
its environmental and social stakeholders. They are devoted to exploring the
"intersection" of business, finance and public policy. Founded in 2001,
Corporate Knights publishes a quarterly corporate social responsibility
magazine available at news stands and as an insert in The Globe and Mail.
Alcan is a multinational, market-driven company and a global leader in
aluminum, packaging, and recycling with 2002 revenues of US$12.5 billion. With
world-class operations in primary aluminum, fabricated aluminum as well as
flexible and specialty packaging, Alcan is well positioned to meet and exceed
its customers' needs for innovative solutions and service. Alcan employs
53,000 people and has operating facilities in 41 countries. |
