{"id":14724,"date":"2023-12-13T17:15:00","date_gmt":"2023-12-13T17:15:00","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14724"},"modified":"2023-12-13T17:15:00","modified_gmt":"2023-12-13T17:15:00","slug":"radius-recycling-publishes-fiscal-year-2023-sustainability-report","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/radius-recycling-publishes-fiscal-year-2023-sustainability-report\/","title":{"rendered":"Radius Recycling Publishes Fiscal Year 2023 Sustainability Report"},"content":{"rendered":"<p>PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211;Schnitzer Steel Industries, Inc. <i>dba <\/i>Radius Recycling (NASDAQ: RDUS), a global leader in metals recycling, today announced the release of the Company\u2019s Fiscal 2023 Sustainability Report, <i>Where Change Begins<\/i>.<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20231213615320\/en\/1902047\/5\/Radius_SecondaryHorizontal_onLight_RGB.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231213615320\/en\/1902047\/21\/Radius_SecondaryHorizontal_onLight_RGB.jpg\"><\/a><br \/><a href=\"https:\/\/mms.businesswire.com\/media\/20231213615320\/en\/1902047\/5\/Radius_SecondaryHorizontal_onLight_RGB.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231213615320\/en\/1902047\/22\/Radius_SecondaryHorizontal_onLight_RGB.jpg\"><\/a><\/p>\n<p>\nThe <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&#038;url=https%3A%2F%2Fradiusrecycling.com%2Fcompany%2Fsustainability&#038;esheet=53870170&#038;newsitemid=20231213615320&#038;lan=en-US&#038;anchor=report&#038;index=1&#038;md5=79032312ed40629457c3f061dc3c4f60\" rel=\"nofollow noopener\" shape=\"rect\">report<\/a> details the Company\u2019s work to advance the circular economy through the recovery, reuse, and recycling of the essential metals required to support global decarbonization efforts. Radius annually diverts millions of tons of metals from landfills, supplies recycled metals to domestic and international customers, and produces some of the lowest carbon emission finished steel products available. The report also showcases the Company\u2019s progress towards its multi-year sustainability goals, including achieving its greenhouse gas emissions reduction target \u2013 two years ahead of schedule.<\/p>\n<p>\n\u201cNearly 10 years ago, we created a sustainability framework based on three pillars: People, Planet, and Profit. This framework is the foundation of our sustainability strategy and continues to deliver meaningful impact to all our stakeholders,\u201d said Tamara Lundgren, Chairman and Chief Executive Officer.<\/p>\n<p>\n\u201cIn 2023, we also unveiled our new corporate name, Radius Recycling, to better reflect our work as we advance our sustainability goals by supporting our employees and communities, implementing best-in-class environmental infrastructure and processes, and expanding our operating platform,\u201d continued Lundgren.<\/p>\n<p>\n\u201cOur achievements this year would not have been possible without all our employees living our Core Values of Safety, Sustainability, and Integrity and operating with the agility, resilience, and collaboration that have underpinned our success. I am immensely proud of what our team has accomplished.\u201d<\/p>\n<p>\n<b>Selected Highlights from Radius Recycling&#8217;s 2023 Sustainability Report:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRecycled 4.7 million tons of ferrous and nonferrous metals, sold 4 million recycled auto parts, and produced 521,000 tons of low carbon emission finished steel products<\/li>\n<li>\nIncreased sales volumes of nonferrous material recovered from our shredding operations by 7%, supported by our advanced metals recovery technology systems which enable us to increase recycling and reduce waste, improve the efficiency of our processes to meet global metal content and quality requirements, and create products that can be marketed globally<\/li>\n<li>\nSurpassed our goal of reducing Scope 1 and 2 greenhouse gas emissions from our recycling operations by 25% against our 2019 baseline<\/li>\n<li>\nMaintained 100% net carbon free electricity across our operations for the third consecutive year<\/li>\n<li>\n90% of our facilities were free of any lost time injuries and there were zero instances of serious injuries or fatalities<\/li>\n<li>\nIncreased employee participation in the Company\u2019s 401(k) matching benefit program to 66%<\/li>\n<li>\nLaunched our integrated third-party recycling services activities under our 3PR\u2122 brand to support the rapidly growing and important service and supply chain solution for our customers that enables greater recycling rates, reductions in material going to landfill, an improved carbon footprint, and enhanced sustainability reporting.<\/li>\n<\/ul>\n<p>\n<b>Recognized as a Global Leader<\/b><\/p>\n<p>\nIn fiscal 2023, the Company was recognized by several global organizations for leading performance in sustainability, ethics, responsible operations, and employee engagement.<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nRadius was ranked #1 on Corporate Knights\u2019 2023 Most Sustainable Corporations in the World.<\/li>\n<li>\n<i>TIME <\/i>named the Company among the TIME100 Most Influential Companies in 2023.<\/li>\n<li>\nEthisphere\u00ae Institute recognized Radius as one of 2023 World\u2019s Most Ethical Companies\u00ae for the ninth consecutive year.<\/li>\n<li>\nRadius was re-certified as a Great Place to Work\u00ae for the third consecutive year.<\/li>\n<\/ul>\n<p>\n\u201cOur 2023 Sustainability Report underscores the steps we are taking to further integrate our sustainability goals into the fabric of our present and future operations as we seek to continually raise the bar,\u201d commented Judodine Nichols, Chief Sustainability Officer. \u201cThrough a united vision, we are driving a culture of sustainability to ensure a brighter future for all.\u201d<\/p>\n<p>\n<b>About Schnitzer Steel Industries, Inc. dba Radius Recycling<\/b><\/p>\n<p>\nSchnitzer Steel Industries, Inc. dba Radius Recycling is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico, and Western Canada. Radius has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company\u2019s integrated operating platform also includes 50 stores that sell serviceable used auto parts from salvaged vehicles and receive over 4 million annual retail visits. The Company\u2019s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. Radius began operations in 1906 in Portland, Oregon.<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\n<b>Investor Relations<\/b><br \/>Michael Bennett<br \/>\n<br \/>(503) 323-2811<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:mcbennett@rdus.com\" rel=\"nofollow noopener\" shape=\"rect\">mcbennett@rdus.com<\/a><\/p>\n<p>\n<b>Public Affairs<\/b><br \/>Eric Potashner<br \/>\n<br \/>(415) 624-9885<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:epotashner@rdus.com\" rel=\"nofollow noopener\" shape=\"rect\">epotashner@rdus.com<\/a><\/p>\n<p>\n<b>Company Info<\/b><br \/><a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&#038;url=http%3A%2F%2Fwww.radiusrecycling.com&#038;esheet=53870170&#038;newsitemid=20231213615320&#038;lan=en-US&#038;anchor=www.radiusrecycling.com&#038;index=2&#038;md5=36c0c9fcd4967d92ea42adcf9bdc663d\" rel=\"nofollow noopener\" shape=\"rect\">www.radiusrecycling.com<\/a><br \/><a target=\"_blank\" href=\"mailto:ir@rdus.com\" rel=\"nofollow noopener\" shape=\"rect\">ir@rdus.com<\/a><\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-14724\" data-postid=\"14724\" class=\"themify_builder_content themify_builder_content-14724 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211;Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ: RDUS), a global leader in metals recycling, today announced the release of the Company\u2019s Fiscal 2023 Sustainability Report, Where Change Begins. The report details the Company\u2019s work to advance the circular economy through the recovery, reuse, and recycling of the essential metals required to support [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":14725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[72],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Radius Recycling Publishes Fiscal Year 2023 Sustainability Report - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/radius-recycling-publishes-fiscal-year-2023-sustainability-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radius Recycling Publishes Fiscal Year 2023 Sustainability Report - ESG Today\" \/>\n<meta property=\"og:description\" content=\"PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211;Schnitzer Steel Industries, Inc. dba Radius Recycling (NASDAQ: RDUS), a global leader in metals recycling, today announced the release of the Company\u2019s Fiscal 2023 Sustainability Report, Where Change Begins. 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