Schnitzer Announces Sustainability Report for Fiscal 2014
Creating Value Through Environmental, Safety and Corporate
Responsibility
PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 24, 2014--
Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) today released its 2014
Sustainability Report for our fiscal year ended August 31, 2014. The
report provides key performance metrics that assess the environmental
impact of our operations and our safety performance. As one of North
America’s largest metals recyclers, Schnitzer has been operating for
more than 108 years. The metrics and qualitative reporting summarize a
detailed analysis of Schnitzer’s environmental footprint, safety
performance, corporate governance and compliance, and community
involvement.
“Sustainability is a core tenet of our business. We work every day to
reduce our impact on the environment while adding value through our
recycling businesses to the communities we serve and in which we
operate,” said Tamara Lundgren, President and Chief Executive Officer.
“This comprehensive report on our environmental, social and governance
(ESG) program provides our stakeholders with insights into our
sustainability activities.”
The report presents standardized measurements and qualitative
assessments which are useful in managing our operational efficiency as
well as the sustainability of our business. Schnitzer’s Environmental
Sustainability Metrics include Scope 1 and 2 Greenhouse Gas Emissions
(GHGs), Water Usage, and Waste Disposal. Schnitzer’s Safety Metrics
align with industry-accepted calculations, including Total Case Incident
Rate (TCIR); Lost Time Incident Rate (LTIR); and Days Away, Restricted
or Transferred Rate (DART). Schnitzer’s report reflects operational
performance during its fiscal year ended August 31, 2014, except where
noted. The environmental sustainability metrics presented in this year’s
report were independently verified and meet AccountAbility’s 2008
AA1000 Assurance Standard.
Key aspects of our 2014
Sustainability Report include:
Environment: Schnitzer’s sustainability impact begins with
maximizing scrap metal recovery from every pound of obsolete or salvaged
material we collect. In addition to natural resource conservation, our
processes maximize energy efficiency and waste repurposing. We employ
operational best practices and we invest in advanced technologies to
optimize our performance. Through our innovative processes, our
recycling solutions aim to support the global conservation of natural
resources while minimizing energy use, water consumption, and waste
reduction.
Safety: Schnitzer’s employee health and safety initiatives are
driven by an everyday goal of zero injuries. We foster a culture of Safety
First throughout all of our operations and communicate this message
continuously. We undertake active safety training and measure our
performance against industry benchmarks using established metrics.
Corporate Governance: A strong foundation in corporate compliance
and risk mitigation underpins all that we do. Our robust compliance
programs incorporate regular training and education in order to foster a
corporate culture of ethical business practices and adherence to all
laws and regulations governing SSI’s operations. In recognition of our
strong program, Schnitzer was recently awarded Ethics Inside®
Certification and Anti-Corruption Program Verification™ from the
Ethisphere Institute.
Community: Our decisions and actions focus on achieving optimal
performance for our business, as well as the needs of our employees and
the world in which we all live. We are pleased to participate in a
number of charitable organizations that benefit the communities we serve
and in which we operate.
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in the United States with
operating facilities located in 14 states, Puerto Rico and Western
Canada. The business 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 its auto parts and
steel manufacturing businesses. The Company's auto parts business sells
used auto parts through its self-service facilities located in 16 states
and Western Canada. With an effective annual production capacity of
approximately 800,000 tons, the Company's steel manufacturing business
produces finished steel products, including rebar, wire rod and other
specialty products. The Company commenced its 109th year of
operations in 2014.
Source: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra
Deignan, 646-278-9711
or
Media Relations:
Tom Zelenka,
503-323-2821
[email protected]
www.schnitzersteel.com