NEW YORK – Metal and electronics recycler Sims Metal Management has published its latest Sustainability Report, “One Sims Many Faces.” It details the company’s environmental, social and corporate governance achievements throughout fiscal year 2018 (FY18) and the progress toward its 2020 global sustainability goals.
Sims Metal Management has more than 250 facilities, operations in 18 countries, and more than 5,000 employees globally.
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, CEO.
“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:
- Circular Economy: By combining its skill in managing end-of-life products with its global footprint and strong governance, Sims keeps resources in use for as long as possible by extracting their maximum value, and then recovering and regenerating products and materials at the end of their useful life. Sims leverages its expertise in innovation and technology to enhance its contribution to the circular economy.
- Climate Change: The company recognizes that climate change could have a meaningful impact on its operations and financial performance over time. Sims has begun the process of identifying key climate-related risks to its employees, operations sites and assets, as well as risks and opportunities that may arise with the transition to a lower carbon economy. The company is committed to continue reducing its carbon emissions and is well on its way to meet its 2020 goal of a 10 per centreduction from its FY14 baseline.
- Health and Safety: The company is dedicated to creating a zero-harm workplace, and the Company continues to reduce the number of injured employees. This past year was the safest in Sims’ history. During FY18, more than 80 per cent of Sims locations were free of reportable injuries, and the Company has reduced its recordable injuries by 55 per cent over the past five years.
- Community Engagement: Sims strives to be a trusted partner in each of the communities in which the company operates. In FY18, Sims participated in more than 270 community projects and sponsorships globally. Approximately 86 per cent of the Company’s projects correlated to 10 of the 17 United Nations Sustainable Development Goals (SDGs). Specifically, Sims’ community projects aligned with the following SDGs: No Poverty, Zero Hunger, Good Health and Well-Being, Quality Education, Clean Water and Sanitation, Industry Innovation and Infrastructure, Reduced Inequalities, Sustainable Cities and Communities, Climate Action and Life on Land.
- Diversity and Talent: Through targeted recruitment and education, Sims promotes a culture of inclusivity. The company is working to increase diversity globally across each of its business units and has seen 33 per cent and 36 per cent participation from women in its Trainee Management Programme in the UK and its Cadet and Graduate Programme in the Australasia region, respectively. During FY18, Sims launched its Women Working @ Sims employee resource group to inform the company’s approach toward attracting and retaining qualified women.
“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 and 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.”
The company 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 per cent reduction in fuel consumption, a 10 per cent reduction in consumption of electricity, and a move toward five percent renewable energy. Other targets include a 10 per cent reduction in water consumption, a 10 per cent reduction in waste generation, and a 100 per cent ban on the idling of mobile equipment in our yards.
For more information about Sims’ sustainability efforts, view the full report at www.simsmm.com/about-us/sustainability.