Tamara L. Lundgren
Our sustainable business model has never been more important than it is today. As global trends continue to support the growth of lower carbon-based economies, the demand for metal-based products, especially those produced by recycled materials, will increase significantly in the years ahead.
Recycling Today for a Sustainable Tomorrow
What sets Schnitzer apart from other businesses is that sustainability has been at the core of what we do and how we operate since our founding in 1906. By recycling ferrous and non-ferrous metal, we divert and reuse millions of tons of materials each year that might otherwise be destined for landfills.
At the same time, we are not the company we were a century ago. Despite our role as a leading recycler, misperceptions remain of scrap yards as places that accumulate junk and of steel mills as places that pollute the environment. But this outdated image doesn’t capture our modern reality. Today, our manufacturing and recycling facilities incorporate state-of-the-art environmental and safety controls that keep employees, natural resources, and local communities safe. In Fiscal Year 2019, for the first time in our long history, our facilities are powered by 90 percent carbon-free electricity, and we recapture and reuse approximately 80 percent of the water used in our steel manufacturing operation.
Moreover, Schnitzer’s entire business portfolio, including Pick-n-Pull and Cascade Steel Rolling Mills, Inc., provides a path out of the unsustainable “cradle-to-grave” cycle of resource extraction and disposal for metals-based consumer and industrial goods that are produced, used, and disposed of around the world. Our sustainable business model has never been more important than it is today. As global trends continue to support the growth of lower carbon-based economies, the demand for metal-based products, especially those produced by recycled materials, will increase significantly in the years ahead. Whether it is driven by the demand for electric cars, the deployment of renewable energy infrastructure, or the efficiency and convenience of “smart cities,” a green economy means a more metal-intensive economy.
Our productivity continues to increase as we invest in advanced processing and extraction technologies to increase the amount of metals that we recycle and reduce the amount of materials directed to landfills. We are also investing in environmental control technologies and more efficient material handling equipment which will enable us to reduce emissions and conserve fuel. Underpinning everything we do are our core values of Sustainability, Safety, and Integrity which we put into action every day, and I am proud that Schnitzer has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for the fifth consecutive year.
Despite these achievements, we are continually finding ways to do even more to contribute to a sustainable tomorrow. In Fiscal Year 2019, we raised the bar by establishing a series of sustainability goals that will keep us at the forefront of progress by focusing on three dimensions of sustainability: People, Planet, and Profit. By putting sustainability into action through our daily work, we are striving to meet or beat our ambitious goals by the end of Fiscal Year 2025.
In our Fiscal Year 2019 Sustainability Report, we share the many ways that Schnitzer makes a positive impact on the world. These impacts occur not only through the inherent sustainability of our business model, but also through key operational improvements, effective investments in our workforce, and meaningful engagement with our communities. On behalf of our Board of Directors and our over 3,300 employees, I invite you to read this report to learn more about how our recycling efforts today ensure a sustainable tomorrow for all of our stakeholders.
Tamara L. Lundgren
President and CEO