Alcoa Wins International Innovations in Diversity Award

June 27, 2012

NEW YORK–Alcoa (NYSE:AA) has been named one of the Top 10 International
Innovations in Diversity Award winners by Profiles in Diversity
Journal.
The award honors corporations, organizations and
institutions that have demonstrated unique, out-of-the box thinking and
developed innovative solutions that offer measurable outcomes in the
area of workforce diversity and inclusion.

Alcoa and Alcoa Foundation were recognized for their commitment to
diversity and inclusion, investments in Science, Technology, Engineering
and Math (STEM) initiatives, and for inviting National Society of Black
Engineers (NSBE) student members to “tweet” about their experiences at
the annual convention earlier this year, which resulted in nearly 1,600
tweets.

Winners will be featured in Profiles in Diversity Journal’s 2012
July/August issue
.

“At Alcoa, our diversity efforts focus on building on our similarities
while leveraging our differences so we can achieve optimal performance,”
said Gena Lovett, Alcoa’s Chief Diversity Officer. “We need diversity of
experience, diversity of thought, diversity of gender, and diversity of
ethnicity to fully capture the opportunities in front of us.”

During the NSBE convention, Alcoa hosted more than 200 minority college
engineering students at its Pittsburgh Office to learn about the
different roles they can play in a global mining, manufacturing and
engineering company. To date, nine full-time job offers and 20
internship positions have been accepted by NSBE members who attended the
career fair.

In addition to its partnership with NSBE, Alcoa Foundation dedicated
more than $3 million to STEM and workforce development initiatives in
2011 and recently announced partnerships with the Academy
of Model Aeronautics
, FIRST©
Tech Challenge
and Manufacturing
Institute
to prepare individuals for jobs in advanced manufacturing
– from trades people and operators to designers, engineers and managers.

About Alcoa

Alcoa is the world’s leading producer of primary aluminum, fabricated
aluminum and alumina. In addition to inventing the modern-day aluminum
industry, Alcoa innovation has been behind major milestones in the
aerospace, automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa® wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa’s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for ten consecutive years and approximately
75 percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 31
countries across the world. More information can be found at www.alcoa.com.

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the
U.S., with assets of approximately US$446 million. Founded more than 50
years ago, Alcoa Foundation has invested more than US$550 million since
1952. In 2011, Alcoa Foundation contributed more than US$20 million to
nonprofit organizations throughout the world, building innovative
partnerships, engaging its people to improve the environment and
educating tomorrow’s leaders. The work of Alcoa Foundation is further
enhanced by Alcoa’s thousands of employee volunteers who share their
energy, passion and purpose to make a difference in the communities
where Alcoa operates. Through the company’s signature Month of Service
program, in 2011, a record 56 percent of Alcoa employees took part in
more than 1,200 events across 24 countries, reaching 81,000 children,
serving 9,000 meals, planting 34,000 trees and supporting 1,800
nonprofit organizations. More information can be found at www.alcoafoundation.com.

About International Innovations in Diversity Award

Each year in the July/August issue, Profiles in Diversity Journal looks
to honor individuals and teams working in organizations and institutions
anywhere in the world that have developed innovative solutions offering
measurable outcomes in the area of workforce diversity and inclusion.
Our objective is to encourage and increase the number of businesses and
institutions implementing innovative programs, projects, or practices
that will help to improve workforce diversity/inclusion excellence.
These awards will recognize innovations within the organization that
have been launched within the past five years, and have had an influence
and delivered a positive outcome on diversity management, staff
recruitment, and/or toward inclusiveness and improved equity in the
workplace. Any one idea or project qualifies as long as the results are
already making a greater impact on diversity management and/or business
and institutional diversity/inclusion excellence than anything prior.
More information can be found at www.diversityjournal.com/innovations.