Alcoa Corporation is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
Aligned only to national pledges, not Paris 1.5°C pathway per Transition Pathway Initiative (Aluminium)
Alcoa Corporation is a global aluminum producer whose mining and refining operations have a documented history of causing significant environmental damage. The company manages a portfolio of legacy sites requiring remediation, including bauxite residue storage areas, which are a byproduct of alumina refining and can pose risks of soil and water contamination if not properly managed.
The issues are not contained to legacy operations. In february 2026, Alcoa was fined an "unprecedented" $55m (Australian) for illegally clearing Australia's northern Jarrah forest, which is an important habitat for protected species.
The company's historical operations have contributed to its inclusion on the Norwegian Government Pension Fund Global's exclusion list due to environmental concerns. While Alcoa publishes detailed sustainability goals and reports, its business model remains fundamentally tied to large-scale land disturbance for bauxite mining and the management of long-term waste streams. The scale of these operations means that, despite rehabilitation efforts, the company's activities continue to carry a significant risk of habitat destruction and ecological damage.
Research Sources
2 organizations
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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