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Alcan Ahead of the Pack According to Eco-Friendly Report

Alcan Ahead of the Pack According to Eco-Friendly Report

Published 09-06-01

Submitted by Alcan Aluminium Limited

Alcan Inc. is very pleased to have been selected by Innovest Strategic Value Advisors' EcoValue'21 report as the top aluminum company among global metals and mining companies for environmental performance.

In its 2001 environmental report, Innovest Strategic Value Advisors placed Alcan second among the top 21 metals and mining corporations worldwide and gave the Company its highest rating (AAA). The report examines the performance of these companies in key areas of environmental performance, risk and strategic positioning as well as financial consequences of these factors.

"Alcan believes a strong environmental commitment is intimately linked with financial performance and competitiveness. A company-wide focus on eco-efficiency initiatives results in a win-win situation for everyone," said Daniel Gagnier, Senior Vice President, Corporate and External Affairs. "Everyone at Alcan has worked hard to maintain and improve our environmental record and we are delighted with the acknowledgement of our efforts in the Innovest report."

Over 60 factors were analyzed in the study, including environmental performance as it relates to management systems, product and materials, strategy, risk factors and profit opportunities. The companies were also rated on pollutant emissions, waste management, resource use, site decommissioning, climate change and product life-cycle durability and recyclability.

"Alcan showed strongly in many of the performance categories we examined", said Dr. Martin Whittaker, the report's primary author. "Where the firm stood out was in the quality of its environmental management function and its positioning around new, higher value-added markets for aluminum which are being driven by sustainability concerns. The company's efforts to manage its energy requirements more efficiently also contributed to its higher score."

Innovest Strategic Value Advisors is an internationally recognized investment research firm specializing in environmental finance and investment opportunities. Innovest's clients include the leading industrial companies and institutional investors throughout the world. Founded in 1995 by Dr. Matthew Kiernan, Innovest is headquartered in New York, with offices in London and Toronto. The company is chaired by Jim Martin, former Chief Investment Officer for North America's largest pension fund, TIAA-CREF. For further information please visit the company's website at www.innovestgroup.com.

Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with annual revenues of approximately US$13 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 52,000 people and has operating facilities in 38 countries.

Alcan Aluminium Limited

Alcan Aluminium Limited

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