News Release

Schnitzer Named One of the 2020 World’s Most Ethical Companies by Ethisphere

Company Honored with Title for Six Consecutive Years

PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 25, 2020-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. Schnitzer is one of this year’s 132 honorees spanning 21 countries and 51 industries.

This is the sixth consecutive year in which Schnitzer has earned its place among Ethisphere’s honorees, underscoring the Company’s commitment to its core values of Safety, Sustainability and Integrity.

“Being included on Ethisphere’s prestigious list of the World’s Most Ethical Companies is one of the highest and most valuable honors our Company can receive,” said Tamara Lundgren, President and Chief Executive Officer. “It reflects our commitment to the highest ethical standards. I extend my congratulations and thanks to our employees for the continued excellence they demonstrate in service to all our stakeholders.”

“We are proud to receive this acknowledgment that our Company, for the sixth consecutive year, remains part of a community of companies committed to raising the bar on ethical leadership and social responsibility. It is a testament to the integrity, positivity and inclusiveness of the Schnitzer community,” said Callie Pappas, Vice President & Chief Ethics and Compliance Officer.

“Congratulations to everyone at Schnitzer Steel Industries, Inc. for earning this recognition,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good.”

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.

All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of leading companies.

Honorees

The full list of the 2020 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

About Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 23 states, Puerto Rico and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company’s integrated operating platform also includes 51 stores which sell serviceable used auto parts from salvaged vehicles and receive approximately 5 million annual retail visits. The Company’s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.

About the Ethisphere Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

Schnitzer Steel Industries, Inc.
Media Relations:
Colin Kelly
[email protected]
781-873-1665
or
Investor Relations:
Michael Bennett
503-323-2811
www.schnitzersteel.com
[email protected]

Ethisphere Media Contact
Clea Nabozny
480-397-2658
[email protected]

Source: Schnitzer Steel Industries, Inc.

Data provided by Thomson Reuters