Alcoa Releases 2020 Sustainability Report
on May 05 2021 10:30 PM
PITTSBURGH (BUSINESS WIRE) Alcoa Corporation (NYSE: AA) has released its 2020 Sustainability Report, which provides a comprehensive overview of the Company’s progress against key environmental, social and governance (ESG) objectives.
“Our latest sustainability report highlights the important work we accomplished in 2020 in the midst of one of the most challenging years for our Company and the world,” said Roy Harvey, Alcoa President and CEO. “Our firmly rooted commitment to our values and our strategic priority to Advance Sustainably helped our employees, their families, and our host communities navigate the pandemic while delivering results that reflect our sustainability leadership.”
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Freeport-McMoRan Inc. (NYSE: FCX) announced the publication of its 2020 Annual Report on Sustainability detailing its environmental, social and governance (ESG) performance during the year. FCX has a long history of robust ESG programs and is continuously striving to embrace evolving stakeholder expectations and best practices. This report marks FCX’s 20th year of reporting on its sustainability progress and FCX’s first year reporting in alignment with the Sustainability Accounting Standards Board (SASB) Metals & Mining framework.
Richard C. Adkerson, Chairman and Chief Executive Officer said: “I am pleased to share our 2020 Annual Report on Sustainability, which details our ESG performance and initiatives in this important area. FCX embraces responsible production as central to our strategy of being foremost in the global copper industry. As a leading responsible copper producer, we are well positioned to support accelerating demand for copper, which is crit
Freeport-McMoRan Publishes 2020 Annual Report on Sustainability
Published 3 hours ago
Summary
Freeport-McMoRan Inc. (NYSE: FCX) announced the publication of its 2020 Annual Report on Sustainability detailing its environmental, social and governance (ESG) performance during the year. FCX has a long history of robust ESG programs and is continuously striving to embrace evolving stakeholder expectations and best practices. This report marks FCX’s 20th year of reporting on its sustainability progress and FCX’s first year reporting in alignment with the Sustainability Accounting Standards Board (SASB) Metals & Mining framework.
FCX’s 2020 Annual Report on Sustainability was compiled in alignment with the SASB Metals & Mining framework and in accordance with the GRI Reporting Standards Core option and reflects FCX’s reporting obligations as a founding member of the International Council on Mining and Metals. FCX’s 2020 Annual Report on Sustainability is available on the compa
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(1)
Refer to the “Reader Advisory” section within this news release for additional information on Non-GAAP Financial Measures and production disclosure.
(2)
Includes realized commodity risk management loss of $21.1 million for the three months ended March 31, 2021 (three months ended March 31, 2020 - $21.4 million gain).
(3)
Includes available credit under Athabasca s Credit Facility and Unsecured Letter of Credit Facility (see page 14 of the Company’s Q1 2021 MD&A).
(4)
The face value of the 2022 Notes is US$450 million. The 2022 Notes were translated into Canadian dollars at the March 31, 2021 exchange rate of US$1.00 = C$1.2575 (2020 – C$1.2732).
Operations Update
Thermal Oil
Bitumen production for Q1 2021 averaged 25,949 bbl/d. The Thermal Oil division generated Operating Income of $42.2 million. The Western Canadian Select heavy oil benchmark averaged C$57.40/bbl for Q1 2021, up 61% from an average price of C$35.58/bbl in 2020. Q1 2021 Operating Netbacks for