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San Uk Grp.perp | LSE:BB32 | London | Bond |
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RNS Number:6930W Alcan Inc 31 May 2002 Press Release ---------------------------------------------------------------------- FOR IMMEDIATE RELEASE SUSTAINABILITY AN Integral Part of Alcan's Business Model 1st Global Sustainability Report Launched and Company Commits to Bi-Annual Follow-up Montreal, Canada - May 30, 2002 - Alcan Inc. has issued its first Corporate Sustainability Report. Alcan is determined to continue to be a successful company in its second century and this key report, entitled Alcan's Journey Towards Sustainability, outlines the requirements necessary for long-term business success. It builds on the Company's long-standing corporate values of integrity, accountability, trust and transparency, and teamwork. The comprehensive report charts Alcan's progress in measuring and managing its economic, environmental and social impacts and draws a definitive link between Alcan's business success and its actions both inside and outside its operations. "Alcan is a company that was built on basic and simple values. As an extension of these values, this report is a tangible example of our commitment to doing the right thing and sets a benchmark for future improvement," said Travis Engen, president and CEO of Alcan Inc. "We have demonstrated that sustainability positions us for long-term growth and is a prerequisite to ensure that we are a thriving business for the years to come." Being a successful and growing business is a pre-condition for increasing the resources needed for doing more on both the environmental as well as the social front which adds to the benefits for our employees, our communities and other stakeholders. Sustainability at Alcan goes beyond environment, health and safety achievements. Alcan's sustainability efforts are company-wide and are structured on a straightforward interpretation of this concept. At Alcan, sustainability involves seven elements: • Integrating economic, environmental and social considerations into our business planning in order to be better prepared to manage the risks and capture the opportunities that the future will bring. • Improving the social and economic benefits and reducing the environmental impacts of our activities. • Outlining the challenges we face as we continually improve our understanding and our performance through best practice, improved and new technologies and the efforts of our employees in managing industrial and manufacturing processes. • Demonstrating the benefits of various products in enhancing the quality of life. • Ensuring Alcan continues to meet the expectations of its customers for high standards and leadership as we move forward to grow our business and secure the future. • Strengthening relationships and partnership with our communities, our employees, our shareholders and other stakeholders. • Demonstrating integrity and commitment by maintaining the high standards we value as a company in our day-to-day operations. "I believe we have developed a business framework that supports the current goals of our employees, shareholders, society and other stakeholders without compromising the needs of future generations," added Mr. Engen. Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with 2001 revenues of US$12.6 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 48,000 people and has operating facilities in 38 countries. -30- Media Contact: Marc Osborne +1 (514) 848-1342 Investor Contact: Jo-Ann Longworth +1 (514) 848-8368 To obtain a copy of the report, call us at (514) 848-8000, write to us at sustainability@alcan.com or visit our Web site at www.alcan.com. This information is provided by RNS The company news service from the London Stock Exchange
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