NEW YORK, Nov. 16, 2018
NEW YORK, Nov. 16, 2018 /PRNewswire/ -- Sims Metal Management, a global leader in metals and electronics recycling, today announced the publication of its latest Sustainability Report, "One Sims Many Faces." This report details the Company's environmental, social and corporate governance achievements throughout fiscal year 2018 (FY18) and the progress toward its 2020 global sustainability goals.
The FY18 report is aligned with the Global Reporting Initiative's standards for sustainability reporting and organized around the four main categories of the G20 Financial Stability Board's Task Force on Climate-Related Financial Disclosures: governance, strategy, risk management and metrics.
"At Sims, sustainability is, and will continue to be, a cornerstone of our corporate strategy. Not only is it a guiding principle for our Company, but it is also at the heart of our business model," said Alistair Field, Chief Executive Officer of Sims Metal Management. "I'm proud of the progress we've made, and through our contributions to the circular economy, we will continue to work toward shaping a more sustainable world."
Highlights from the FY18 report include:
"Sustainability and corporate social responsibility are fully integrated into Sims' business strategy and culture. Our core business is the closed-loop circular flow of materials, and we are universally recognized as an international leader in the transformation of discarded consumer products into valuable secondary resources," said Elise Gautier Group Chief Risk & Compliance Officer. "This report clearly communicates our sustainability priorities and their importance to our business. The stories and commentary featured in our report show that a sense of purpose is at the heart of everything we do, and our actions must be measured through that lens."
Sims established its first set of long-term sustainability goals in FY09, and they were aggressive targets for energy, water and waste reduction, which the Company exceeded as FY15 approached. The focus of Sims' 2020 goals is on the Company's most material environmental and societal impacts: petroleum use, electricity, water and waste.
The 2020 targets (normalized against production volume) include a 10% reduction in fuel consumption, a 10% reduction in consumption of electricity, and a move toward five percent renewable energy. Other targets include a 10% reduction in water consumption, a 10% reduction in waste generation, and a 100% ban on the idling of mobile equipment in our yards.
Sims is working hard to meet or exceed the majority of its 2020 sustainability goals. The Company has established annual targets, and it will report on its progress accordingly. For more information about Sims' sustainability efforts, view the full report at www.simsmm.com/about-us/sustainability.
About Sims Metal Management
Sims Metal Management is one of the world's leading metal and electronics recyclers with more than 250 facilities, operations in 18 countries, and more than 5,000 employees globally. The Company's ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its American Depositary Shares are quoted on the Over-the-Counter market in the United States (USOTC: SMSMY). Please visit www.simsmm.com for more information on the Company and recent developments.