NEW YORK–Alcoa (NYSE:AA) announced today the release of its 2008 Corporate
Sustainability Report, an annual account of the company’s global
environmental, social, and economic performance. The report is available
online in the sustainability section of Alcoa’s website at www.alcoa.com/sustainability

“Alcoa has a long tradition of both setting meaningful corporate goals
in the areas of financial success, environmental stewardship, and social
responsibility and reporting on our progress against those goals to all
of our stakeholders. We also expect these goals to be pursued based on
all of our Values,”
said William J. O’Rourke, Alcoa vice president for sustainability &
environment, health & safety. “Our 2008 Sustainability Report highlights
the significant advances that we have achieved and the goals that we
will continue to pursue during these difficult economic times and
beyond.”

Some noteworthy 2008 achievements include:

• 75.9% of Alcoa locations had zero lost workdays and 44.4% of them had
  no recordable injuries;
• The company achieved a 36% reduction in greenhouse gases from the 1990
  base year—a 44% improvement over the target reduction of 25% by 2010;
• Approximately 90% of Alcoa’s worldwide operating locations have
  community programs, putting the company within reach of its target of
  100% by 2010; and
• Alcoa was included in the Dow Jones Sustainability Index for the
  seventh year in a row and named one of the most sustainable companies
  in the world at the World Economic Forum in Davos for the fifth
  consecutive year.

Also included in the Alcoa Sustainability Report is an independent
commentary by AccountAbility, a global, not-for-profit partnership
dedicated to thought leadership and advisory services focused on
sustainable development. Alcoa has worked with AccountAbility over the
last two years to improve the transparency and quality of its
sustainability reporting. Alcoa provided space for AccountAbility to
comment on the company’s sustainability reporting and to offer advice on
how Alcoa can continue to improve its reporting.

About Alcoa

Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa’s businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems, precision and investment
castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for seven consecutive years. More information can
be found at www.alcoa.com