KAISER ALUMINUM CORP
For the period ended Jun 10, 2025. Filed Apr 28, 2025.
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Jun 10, 2025 · Filed Apr 28, 2025
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Contents
Sustainable Value Creation
Our corporate values define how we pursue sustainable business value and serve as the foundation for our culture and our strategic ambitions. We manage our business for long-term value creation in a manner that is economically, environmentally and socially responsible. Below are highlights of our accomplishments in 2024 and their alignment with our five corporate values:
| Preferred Investment | ||
|---|---|---|
| ● | Continued to deliver long-term shareholder value through disciplined capital allocation and efficient resource use, reducing costs and mitigating risks | |
| ● | Invested $181 million in capital expenditures, primarily to support our growth activities as well as ongoing sustainability projects | |
| ● | Returned $51 million to stockholders through quarterly cash dividend payments, marking our 18th consecutive year without reduction or suspension | |
| ● | Maintained corporate governance best practices, including: | |
| ● | 90% Independent Board | |
| ● | Highly engaged and diverse Board - 30% gender diversity and 20% ethnic diversity | |
| ● | Robust and multi-tiered board and committee annual assessment process conducted by an independent third party | |
| ● | Rigorous director nominating process, including for directors nominated by the USW under our Director Designation Agreement | |
| ● | Continued commitment to board refreshment | |
| ● | Continued progress on sustainability goals and development of new initiatives to support our business strategy | |
| ● | Continued annual employee surveys, which gauge effectiveness of our corporate governance measures as well as employees' perception of our culture and values | |
| Preferred Supplier | |
|---|---|
| ● | Continued to differentiate our company through the broad KaiserSelect® line of products, engineered and manufactured to provide superior consistency resulting in better performance, lower waste and in many cases, lower production costs for our customers, including the engineering of a new product line – KaiserSelect® Next Gen, offering next level performance for our customers |
| ● | On track to meet our 2030 GHG emissions reduction targets to reduce our total Scope 1 and 2 emissions intensity by 20%, Scope 3 estimated emissions intensity by 35%, and Scope 1, 2 and 3 estimated emissions intensity by 30%, as compared to 2019 levels |
| ● | Completed transformational project to enable Warrick to source electricity from the local utility grid, which gives the facility access to cleaner energy |
| ● | Continued to prioritize the use of primary aluminum produced from lower carbon emissions sources |
| ● | Continued to focus on increasing our use of recycled aluminum and reducing our reliance on primary aluminum |
| Preferred Customer | |
|---|---|
| ● | Maintained a Supplier Code of Conduct Policy requiring our suppliers to act in accordance with the principles and guidelines reflected in the policy |
| ● | Continued engagement with suppliers to advance collective sustainability goals and support continuous improvement of both environmental and social practices |
| Preferred Employer | |
|---|---|
| ● | Continued strong safety performance and continued focus on leading indicators to prevent safety incidents |
| ● | Continued to expand recruitment, development, promotion and retention strategies for qualified people from all cultures and segments of the population |
| ● | Continued our leadership and development training, including the Kaiser Leadership , Kaiser Women's Leadership, Front Line Leadership Development, Leader of Leaders and Metallurgy Excellence and Technical Strength Programs |
| ● | Continued to incorporate our corporate values into training resources and development programs |
| Valued Corporate Citizen | |
|---|---|
| ● | Continued active engagement with stockholders, including meeting with stockholders holding more than 50% of our outstanding shares |
| ● | Continued participation in charitable outreach as well as contributions to and sponsorship of community-driven organizations and events |
2025 and Beyond
We recognize that long-term excellence requires sustainable business practices and strong governance. Accordingly, we intend to continue our efforts to advance our sustainability and governance as a company, including our efforts to:
Continually assess board refreshment opportunities and the alignment of overall board skill sets with the evolving needs and strategies of our company;
Maintain strong board oversight of risk management and sustainability matters;
Continue to explore new strategies to further reduce our overall GHG emissions and carbon intensity;
Continue to invest in our business operations to increase manufacturing efficiency and reduce our environmental footprint; and
Implement new systems and processes to monitor suppliers’ environmental and social performance.
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