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Sustainability has been embedded in Alcan's Community Investment Program. One key outcome of this is the creation, in January 2004, of the Alcan Prize for Sustainability – an annual $1 million award to recognize outstanding contributions to the cause of global sustainability by not-for-profit, non-governmental or civil society organizations. To ensure impartiality, the application and selection process is managed by the Prince of Wales International Business Leaders Forum and adjudicated by a panel of internationally distinguished sustainability experts.

In the first year of the award program, almost 500 submissions were received from 79 countries. The first winner was the Forest Stewardship Council (FSC), an international organization based in Bonn, Germany. The core mandate of the FSC is to develop standards for responsible forest management through an inclusive consultative process. FSC standards are endorsed by a broad base of stakeholders ranging from leading environmental organizations and community groups to retailers and forestry product companies. Alcan also awarded bursaries ($15,000 each) to a select number of short-listed candidates as recommended by the Adjudication Panel.

In May 2004, also as part of its Community Investment Program, Alcan launched the Alcan Builds on Recycling Program in Canada in conjunction with Habitat for Humanity. Alcan is a major supporter of recycling initiatives in communities around the globe and has also long been a supporter of Habitat for Humanity International. Under the new program, two levels of initiatives are available to Habitat for Humanity affiliates to recycle used aluminum beverage cans (UBCs). The first level provides dollar-for-dollar matching grants, to a maximum of CAN$2,500 a year to the affiliates who earn the highest cash value through recycling UBCs. The second level awards a fully funded house to the two most successful recyclers – one on the basis of total cans collected, the other on the basis of total cans collected per capita in the affiliate's region.

By recycling the largest number of UBCs, two affiliates (Sechelt, B.C., and Toronto, Ontario) were each awarded CAN$60,000 by Alcan to build a home.

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