Radius Recycling Publishes Fiscal Year 2024 Sustainability Report
13 Diciembre 2024 - 7:30AM
Radius Recycling (NASDAQ: RDUS), a global leader in metals
recycling, today announced the release of the Company’s Fiscal 2024
Sustainability Report. The report highlights the Company’s role in
the transition to a low-carbon future by supplying recycled metals
that are critical to the production of more sustainable products,
including those associated with global decarbonization efforts.
“Nearly 10 years ago, we created a sustainability framework
based on three pillars: People, Planet, and Profit,” said Tamara
Lundgren, Chairman and Chief Executive Officer. “This framework is
the foundation of our sustainability strategy and continues to
deliver meaningful impact to all our stakeholders.”
The Company’s report showcases progress towards its multi-year
sustainability goals, including a 30% reduction in greenhouse gas
emissions at recycling operations versus its 2019 baseline, a 16%
year-over-year reduction in total case incident rate, and the
expansion of its International Organization for Standardization
(ISO)-certified Environmental Management System to encompass 50% of
Company facilities.
“Our 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,” explained
Lundgren. “I take great pride in highlighting our Company’s
achievements and the steady progress we are making toward our
goals.”
Radius annually diverts millions of tons of ferrous and
nonferrous metals from landfills, supplies recycled metals to
domestic and international customers, and produces some of the
lowest carbon emission finished steel products available. “Our
commitment to sustainable practices is embedded in our product and
service offerings, daily operations, infrastructure investments,
and stakeholder engagement activities,” commented Eric Potashner,
Chief Sustainability Officer. “The benefit of our work has a
lasting impact on our communities, the planet, and future
generations.”
Selected Highlights from Radius Recycling's 2024
Sustainability Report:
- Recycled 4.9 million metric tons of ferrous and nonferrous
metals, sold 3.8 million recycled auto parts, and sold 509,000 tons
of low carbon emission finished steel products.
- 90% of Company facilities were free of any lost time
injuries.
- Maintained 100% net carbon free electricity across Company
recycling operations for the fourth consecutive year.
- Expanded 3PR™ portfolio to support the rapidly growing and
important service and supply chain solution that enables greater
recycling rates, reductions in material going to landfill, an
improved carbon footprint, and enhanced sustainability
reporting.
- Increased employee participation in the Company’s 401(k)
matching benefit program to 70%.
- Donated more than 1,300 employee volunteer hours across 23
states.
Recognized as a Global Leader
In fiscal 2024, several global organizations recognized the
Company for leading performance in sustainability, ethics,
responsible operations, and employee engagement.
- Corporate Knights included Radius on its Global 100 List of the
2024 Most Sustainable Corporations in the World.
- Ethisphere Institute recognized Radius as one of 2024 World’s
Most Ethical Companies® for the tenth consecutive year.
- Radius re-certified as a Great Place to Work® for the fourth
consecutive year.
About Radius Recycling, Inc.
Radius Recycling, Inc. (formerly Schnitzer Steel Industries,
Inc.) 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’s integrated
operating platform also includes 50 stores which sell serviceable
used auto parts from salvaged vehicles and receive over 4 million
annual retail visits. The Company’s steel manufacturing operations
produce finished steel products, including rebar, wire rod and
other specialty products. Radius began operations in 1906 in
Portland, Oregon.
Radius Recycling:
Public Affairs & Communications:Eric
Potashner415-624-9885epotashner@rdus.com
Investor Relations:Michael
Bennett503-323-2811mcbennett@rdus.com
Company Info:radiusrecycling.comir@rdus.com
Radius Recycling (NASDAQ:RDUS)
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