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January 18, 2023
Schnitzer Tops List in Sustainability
Schnitzer Steel Industries has been named the most sustainable company in the world, according to a media and research organization.
The scrap recycler and long steel producer topped the 19th annual Global 100 List by Corporate Knights, which focuses on corporate sustainability performance.
The list is based on an assessment of 6,720 companies, each with more than $1 billion in revenue. Performance across a range of sustainability metrics is evaluated.
“Sustainability is at the core of what we do and how we operate, and it has been since our founding in 1906,” Tamara Lundgren, Schnitzer chairman and CEO, said in a statement.
For its performance, the Portland, Ore.-based company cited sustainable revenue from approximately 4.5 million tons of recycled ferrous metals, 700 million pounds of recycled nonferrous metals, and 465,000 short tons of finished steel products made from recycled ferrous metals.
By Ethan Bernard, Ethan@SteelMarketUpdate.com
