Our
Sustainability
Goals
Progress & Next Steps
Our sustainability goals align directly with the issues that matter most to our stakeholders, as defined through the results of our 2021 materiality assessment. First established in fiscal 2019, these goals are embedded in Schnitzer’s long-term business strategy.
In fiscal 2021 we achieved industry-leading milestones and have set new goals that will continue to positively impact our employees, the customers we serve, and the communities in which we operate.
People
Goal:
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Achieve a 1.00 total case incident rate (TCIR) by end of fiscal 2025.
Fiscal 2021 Highlight:
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Achieved Total Case Incident Rate of 1.71, a 10% improvement over the prior year, making fiscal 2021 the safest year in our Company’s 116-year history.
Goal:
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Donate at least 10,000 hours of paid volunteer time off (VTO) by end of fiscal 2025.
Fiscal 2021 Highlight:
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Our employees logged and donated 913 volunteer hours in fiscal 2021 (1,011 hours cumulative since January 2020 when VTO benefits became active).
Goals:
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Achieve a 25% employee participation rate in our physical and mental wellness programs by end of fiscal 2025.
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Achieve a 70% employee participation rate in our retirement benefits program by end of fiscal 2028 to promote the financial wellness of our workforce.
Fiscal 2021 Highlights:
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Launched a new digital wellness initiative to better support work-life balance.
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Achieved 45% employee participation in our retirement benefits program, a 29% improvement over our fiscal 2019 base year.
Planet
Goals:
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Maintain 100% net carbon-free electricity use every year.
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Achieve net zero GHG emissions for all operations by end of fiscal 2050.
Fiscal 2021 Highlights:
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Achieved 100% net carbon-free electricity use for the first time in our Company’s history.
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Achieved a 19% reduction in Scope 1 and 2 emissions as compared to our fiscal 2019 base year.
Goals:
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Deploy an ISO 14001:2015 certified Environmental Management System (EMS) by end of fiscal 2022.
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Incorporate 100% of Company facilities within our ISO 14001 certified EMS by end of fiscal 2025.
Fiscal 2021 Highlight:
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Implemented an EMS in advance of ISO 14001:2015 certification.
Profit
Goal:
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Achieve a profitability improvement target of $15/ton, over our fiscal 2019 base year, using sustainability-based initiatives by end of fiscal 2023.
Fiscal 2021 Highlight:
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Achieved best financial performance in a decade, driven by strong global demand for recycled metals, progress on our multi-year strategic volume growth goals, and higher productivity.
Schnitzer's
Sustainability
Roadmap
People
Planet
Profit
2019(base year)
We Are Here
2021-22
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Deploy an enterprise-wide ISO 14001 certified EMS.
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Maintain 100% net carbon-free electricity use.
2023
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Achieve operating income of $8/ton from new advanced metal recovery technology and $7/ton from ferrous volume growth to 5.3 million tons.
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Maintain 100% net carbon-free electricity use.
2025
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Achieve a 1.00 TCIR.
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Support communities with at least 10,000 hours of VTO.
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Achieve a 25% employee participation rate in our wellness program.
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Reduce Scope 1 and 2 GHG emissions from recycling operations by 25%.
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Maintain 100% net carbon-free electricity use.
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Incorporate 100% of facilities within our ISO 14001 certified EMS.
2028
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Achieve a 70% employee participation rate in our retirement benefits program.
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Maintain 100% net carbon-free electricity use.
2050
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Achieve net zero GHG emissions for all operations (steel manufacturing, metals recycling and auto dismantling).
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Maintain 100% net carbon-free electricity use.
NET ZERO BY 2050 ACTION PLAN
Reduce Scope 1 process emissions via:
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Advanced emissions control technologies
Reduce Scope 1 fuel and natural gas GHG emissions via:
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Fuel conservation best practices
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Switching to alternative fuels as available
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Use of all-electric equipment as available
Reduce Scope 2 grid-electricity GHG emissions via:
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Electricity conservation best practices
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Advanced energy storage systems
Reduce Scope 3 emissions via:
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Supply chain engagement
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Industry partnerships
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Other information sharing and goal alignment