RESILIENT COMPANY

Resilient As Never Before

The COVID-19 pandemic has tested businesses in countless ways. Despite the challenges of the past year, Schnitzer’s performance against our ambitious sustainability goals remains strong.

Brian Lewallen, Assistant General Counsel,
Chief Sustainability Officer & Assistant General Counsel

For some time now, we have been focused on a sustainability strategy that not only delivers profitability, but also positively impacts our employees, communities, and the environment. This strategy has served us well in a year when so much is being asked of businesses beyond normal expectations. In fiscal 2019, we announced our first set of sustainability goals. While the pandemic has presented our Company with historic challenges, we are proud of what we have been able to accomplish.

New emissions controls at our shredder operations helped us work toward meeting our ambitious air emissions reduction goal. In addition, we exceeded our 90 percent carbon-free electricity goal well before our target date of fiscal 2025. That said, our Company aspires to do more. We are proud to announce in our fiscal 2020 Sustainability Report that we are now targeting 100 percent net carbon-free electricity use by the end of fiscal 2022.

While environmental and workforce protection have always been closely linked, in fiscal 2020 we integrated our environmental operations with our health and safety organizations, now overseen by one Vice President. This allows for greater sharing of best practices to improve both operational environmental and safety performance. In fiscal 2020, Schnitzer achieved the lowest reportable incident rate in our history with a Total Case Incident Rate (TCIR) of 1.91, and our continued commitment to our safety strategy will get us even closer to our 2025 TCIR target of 1.00 in the years ahead.

Also, in January 2020, we launched our Volunteer Time Off program to support our goal of donating at least 10,000 hours of paid time off by the end of fiscal 2025 to positively impact charitable causes related to education, the environment, hunger, and veterans. While the COVID-19 pandemic limited our in-person volunteer opportunities, we didn’t stop giving back. During this crisis, we procured and donated thousands of face masks to local hospitals, led successful contact-free food drives with the support of our customers, undertook Company-wide blood drives, and made cash donations to food banks and the American Red Cross.

In the face of adversity, our dedication to operating in accordance with our Core Values of Sustainability, Safety, and Integrity is stronger than ever. In the midst of a global pandemic, the likes of which the world has not seen in at least a century, our resilient business, operations, and employees have delivered like never before.