Sustainability Accounting Standards Board (SASB) Index

The Sustainability Accounting Standards Board (SASB) created a set of industry-specific sustainability standards that cover financially material issues that may be relevant to companies in each industry. Schnitzer is reporting to SASB’s Iron & Steel Producers Industry Standard.

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Metric

Category

Unit of Measure

Code

Response/Comment

Activity Metrics

Production Activities

Raw steel production, percentage from: (1) basic oxygen furnace processes

Quantitative

Metric tons (t), Percentage (%)

EM-IS-000.A

Not applicable: We do not produce any steel via basic oxygen furnace (BOF) processes.

Raw steel production, percentage from: (2) electric arc furnace processes

Quantitative

Metric tons (t), Percentage (%)

EM-IS-000.A

433,634

100%

Finished Steel Products: In fiscal 2019, we sold 478 thousand short tons of finished steel products. (2019 10-K page 2).

487,158

100%

Melt shop production: Our melt shop includes an EAF, a ladle refining furnace with enhanced steel chemistry refining capabilities, and a five-strand continuous billet caster, permitting the mill to produce special alloy grades of steel not currently produced by other mills on the West Coast of the U.S. The melt shop produced 537 thousand short tons of steel in the form of billets during Fiscal Year 2019. The substantial majority of these billets are reheated in a natural gas-fueled furnace and are then hot-rolled through the rolling mill to produce finished steel products. The rolling mill has an effective annual production capacity under current conditions of approximately 580 thousand tons of finished steel products. (2019 10-K page 8).

The primary feedstock for the manufacture of our finished steel products is ferrous recycled scrap metal. Our steel mill obtains substantially all of its scrap metal raw material requirements from our integrated metals recycling and joint venture operations. (2019 10-K page 8).

In Fiscal Year 2019, we sold approximately 4.3 million long tons of ferrous scrap metal (including intercompany sales to our steel mill).

To learn more please review the Understanding and Measuring Our Impact section of our 2019 Sustainability Report.

Total iron ore production

Quantitative

Metric tons (t)

EM-IS-000.B

Not applicable: We do not consume or sell iron ore in the production of our steel products.

Total coking coal production

Quantitative

Metric tons (t)

EM-IS-000.C

Not applicable: We do not consume or sell coking coal in the production of our steel products.

Accounting Metrics

Greenhouse Gas Emissions

Gross global Scope 1 emissions, percentage covered under emissions-limiting regulations

Quantitative

Metric tons (t) CO2-e, Percentage (%)

EM-IS-110a.1

171,739

0%

Currently, we are subject to reporting-based regulations that require the annual reporting of GHG emissions from our steel mill to the State of Oregon Department of Environmental Quality (ODEQ) and the U.S. EPA. (2019 10-K page 11). However, our steel mill will be subject to the Cleaner Air Oregon Rules, which is a set of emissions-limiting regulations, when notified by ODEQ at a future date.

Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets

Discussion and Analysis

n/a

EM-IS-110a.2

In 2019, Schnitzer set our first enterprise-wide sustainability goals, aligned with our long-term business success. For Scope 1 GHG Emissions (these included production process GHG emissions in metric tons CO2-e), we have set a 2025 target, against a 2019 base year and a 2020 start year, to reduce absolute GHG emissions from our AMR operations business segment by 25 percent. Mechanisms for achieving this target may include (1) capital investments in emissions control and air pollutant elimination technologies on our metal shredding operations, (2) capital investments to achieve greater fuel economy by retrofit and/or replacement of on-road transport vehicles and off-road equipment, (3) capital investments to electrify equipment that is currently fuel-consuming, (4) sourcing a greater proportion of fuels with suitable low-carbon fuel alternatives (i.e. biodiesel and ethanol fuel blends), and (5) capital investments in other energy efficiency technologies for water and space heating applications that reduce our consumption of natural gas. Limiting factors to achieving this goal may include (1) a shortfall in or inability to make adequate capital investments, (2) a shortfall in the emission reduction performance of control technologies acquired and deployed, (3) an inability to acquire and deploy adequate emission reduction controls and energy efficiency technologies, and (4) an inability to source suitable low-carbon fuel alternatives.

To learn more please review the Sustainability Goals & Governance section of our 2019 Sustainability Report.

Air Emissions

Air emissions of the following pollutants: (1) CO, (2) NOx (excluding N2O), (3) SOx, (4) particulate matter (PM10), (5) manganese (MnO), (6) lead (Pb), (7) volatile organic compounds (VOCs), and (8) polycyclic aromatic hydrocarbons (PAHs)

Quantitative

Metric tons (t)

EM-IS-120a.1

Not applicable: We do not report on distinct air emissions of the respective pollutants listed. However, we have reported on some of these emissions (i.e. VOCs) within our gross global Scope 1 emissions, in terms of metric tons of CO2-e.

Energy Management

(1) Total energy consumed

Quantitative

Gigajoules (GJ), Percentage (%)

EM-IS-130a.1

3,043,150

This figure has received external assurance by Trucost in accordance with AA1000AS Type 2 moderate-level assurance.

To learn more please review the Energy Efficiency and Emissions Reduction section of our 2019 Sustainability Report.

(2) percentage grid electricity

48%

(3) percentage renewable

2%

(1) Total fuel consumed

Quantitative

Gigajoules (GJ), Percentage (%)

EM-IS-130a.2

1,596,903

Total fuels consumed include Diesel, Biodiesel, Gasoline, Ethanol, Fuel Oil, Kerosene, Propane, Propylene, and Acetylene

To learn more please review the Energy Efficiency and Emissions Reduction section of our 2019 Sustainability Report.

(2) percentage coal

0%

Not applicable: We do not consume coal as a source of fuel.

(3) percentage natural gas

60%

The majority of natural gas consumption takes place in our steel manufacturing operations to run its reheat furnace, which is used to reheat billets prior to running them through our rolling mill. (2019 10-K page 9).

(4) percentage renewable

<1%

We consume a small amount of a 20 percent-blended biodiesel fuel in our on-road transportation fleet vehicles.

Water Management

(1) Total fresh water withdrawn

Quantitative

Thousand cubic meters (m3), Percentage (%)

EM-IS-140a.1

1,175

This figure has received external assurance by Trucost in accordance with AA1000AS Type 2 moderate-level assurance.

To learn more please review the Responsible Water Use section of our 2019 Sustainability Report.

(2) percentage recycled

80%

This figure is an estimate of water recycled within our steel manufacturing operations only.

The percentage of total water recycled at an enterprise level is estimated to range from 50-60 percent, based on particular operating activities within the reporting period, that may differ between individual facilities, where such operating practices and measurements are capable of being tracked. Uncertainty of the percentage of total water recycled at an enterprise level may be related to variables such as a (1) weather-related events (e.g. floods, hurricanes, storms, heat waves, and droughts) and (2) technologies for the collection and management of data on water consumption, usage, recycling, recovery, and re-use. (2019 SR page 25).

To learn more please review the Responsible Water Use section of our 2019 Sustainability Report.

(3) percentage in regions with High or Extremely High Baseline Water Stress

27%

This figure represents the percentage of total fresh water resources indirectly withdrawn from areas characterized to have high or extremely high baseline water stress, sourced from (1) municipal water utility supplier purchases and (2) on-site well water extractions. Approximately 33 percent of our locations' water withdrawal footprints make up this figure. At this time, water availability directly linked to the respective locations of our operations is not believed to be of significant concern, as water is not a direct, raw material input of our products, and our water uses in operations are limited in scope to, predominately, cooling and dust suppression. (2019 SR page 25).

To learn more please review the Responsible Water Use section of our 2019 Sustainability Report.

Waste Management

Amount of waste generated

Quantitative

Metric tons (t), Percentage (%)

EM-IS-150a.1

752,902

This figure has received external assurance by Trucost in accordance with AA1000AS Type 2 moderate-level assurance.

To learn more please review the Minimizing and Managing Waste section of our 2019 Sustainability Report.

percentage hazardous

1%

percentage recycled

91%

Workforce Health & Safety

(1) Total recordable incident rate (TRIR) for full-time employees

Quantitative

Rate

EM-IS-320a.1

2.80

Based on FY19 Total Working Hours across the entire enterprise, all employees (full-time, part-time, temp labor, contract, etc.)

To learn more please review the Safety, Health, and Wellness section of our 2019 Sustainability Report.

(2) fatality rate for full-time employees

0

(3) near miss frequency rate (NMFR) for full-time employees

79.45

(1) Total recordable incident rate (TRIR) for contract employees

Not applicable: We do not report on rates exclusive to "contract employees."

(2) fatality rate for contract employees

(3) near miss frequency rate (NMFR) for contract employees

Supply Chain Management

Discussion of the process for managing iron ore and/or coking coal sourcing risks arising from environmental and social issues

Discussion and Analysis

n/a

EM-IS-430a.1

Not applicable: We do not consume iron ore or coking coal for which a process for managing such sourcing risks would be necessary.

In regards to any existing or projected risks or constraints in obtaining other raw materials: We believe we operate the only mini-mill in the Western U.S. that obtains its scrap metal feedstock from an integrated metals recycler. Our metals recycling operations provide our steel mill with a mix of recycled metal grades, which allows the mill to achieve optimum efficiency in its melting operations. (2019 10-K page 9).

Our businesses require certain materials that are sourced from third-party suppliers. Although the synergies from our integrated operations allow us to be our own source for some raw materials, particularly with respect to scrap metal for our steel manufacturing operations, we rely on other suppliers for most of our raw material and other input needs, including inputs to steel production such as graphite electrodes, alloys, and other required consumables. (2019 10-K page 15).