{"id":400482,"date":"2020-12-15T17:03:25","date_gmt":"2020-12-15T22:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400482"},"modified":"2020-12-15T17:03:25","modified_gmt":"2020-12-15T22:03:25","slug":"schnitzer-steel-releases-fiscal-year-2020-sustainability-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/","title":{"rendered":"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report<\/b><\/p>\n<p class=\"bwalignc\"><b>Strong Progress on Multi-Year Sustainability Goals<\/b><\/p>\n<p class=\"bwalignc\"><b>Enhanced Target to Achieve Goal of 100% Net Carbon-Free Electricity Use by End of Fiscal 2022<\/b><\/p>\n<p>PORTLAND, Ore.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSchnitzer Steel Industries, Inc. (NASDAQ: SCHN), one of the largest manufacturers and exporters of recycled metal products in North America, today announced the release of its Fiscal 2020 Sustainability Report, \u201cResourceful. Responsible. Resilient.\u201d The report is available on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.schnitzersteel.com%2Fsustainability.aspx&amp;esheet=52349155&amp;newsitemid=20201215006098&amp;lan=en-US&amp;anchor=Schnitzer%26%238217%3Bs+website&amp;index=1&amp;md5=cd730fc168c1fc4d2a1af7482c0e174b\">Schnitzer\u2019s website<\/a> and highlights the Company\u2019s commitment to creating a lasting positive impact for our people, customers, suppliers and communities across all our operations while delivering long-term value to shareholders.\n<\/p>\n<p>\n\u201cThere is no playbook for a year like this past one, but there is certainly a legacy at our Company of facing challenges head-on and successfully navigating through the toughest of times. Schnitzer and our stakeholders are meeting the challenges of our time because of several key strengths we have developed over the years. In our Fiscal 2020 Sustainability Report, we share the importance of each of these strengths\u2014not only for today, but also for the future,\u201d commented Tamara Lundgren, Chairman and Chief Executive Officer.\n<\/p>\n<p><b><i><span class=\"bwuline\">Our Sustainable Business Model<\/span><\/i><\/b><\/p>\n<p>\nBy recycling scrap metal, the Company is diverting millions of tons of materials each year that might otherwise be destined for landfills. Schnitzer\u2019s metals recycling facilities process scrap metal, including 4 million tons of ferrous scrap and 551 million pounds of nonferrous scrap in fiscal 2020, which reduces the need for intensive mining of virgin materials. The Company\u2019s Pick-N-Pull facilities recycle end-of-life vehicles while also providing affordable, used auto parts to consumers. In addition, its Cascade Steel Mill uses scrap metal as its primary raw material to produce finished steel products that find new life in the construction of vital infrastructure and other projects to improve the quality of life for our communities.\n<\/p>\n<p>\n\u201cIn countries around the world, the long-term demand for ferrous and nonferrous recycled metals is underpinned by several trends that are gaining increasing importance and relevance. Low-carbon economies are widely acknowledged as more metal-intensive economies,\u201d said Tamara Lundgren. \u201cAs countries transition to lower-carbon economies and as the number of electric arc furnace (EAF) steel mills operating in both the U.S. and globally continue to grow, the need for metals, especially recycled metals, is expected to increase for many years to come,\u201d she added.\n<\/p>\n<p><b><i><span class=\"bwuline\">Strong Progress on Multi-Year Sustainability Goals<\/span><\/i><\/b><\/p>\n<p>\nAs part of the execution of Schnitzer\u2019s long-term sustainability strategy, the Company established multi-year sustainability goals last year focused on remaining at the forefront of positive change in the industry. The Company\u2019s sustainability goals track progress in the areas of People, Planet and Profit and are aligned with Schnitzer\u2019s long-term business success. The Fiscal 2020 Sustainability Report provides a progress update on the Company\u2019s path to achievement of these multi-year goals.\n<\/p>\n<p>\n\u201cDespite the challenges of the past year, Schnitzer\u2019s progress against our ambitious sustainability goals remains strong,\u201d commented Brian Lewallen, Chief Sustainability Officer &amp; Assistant General Counsel. \u201cWe have made significant progress this year in several areas, including a 15% reduction in greenhouse gas emissions at our recycling operations. We are proud that we also exceeded our 90 percent carbon-free electricity goal well before the end of fiscal 2025, which enables us to set an enhanced sustainability goal to achieve 100 percent net carbon-free electricity use by the end of fiscal 2022,\u201d he added.\n<\/p>\n<p>\n\u201cIn addition to our sustainability goals focused on positively impacting our employees, communities and the environment, we are also focused on delivering growth in profitability. As our stakeholders continue to communicate their focus on sustainability, we are expanding our recycling products and services and proactively working with companies and communities to support their efforts to reduce their carbon footprint and improve the environmental impact of their activities,\u201d said Tamara Lundgren. \u201cWe are also pleased with the continued strong improvement in our safety performance. Our recordable incident rate in fiscal 2020 was the lowest and best rate recorded in our Company&#8217;s history and follows fiscal 2019, which was our previous best,\u201d she added.\n<\/p>\n<p>\nThe report is cross-referenced against the Sustainability Accounting Standards Board (SASB) Index. This is the second year that Schnitzer is disclosing information under SASB\u2019s framework, which focuses on financially material, market-informed and industry-specific sustainability information.\n<\/p>\n<p><b>About Schnitzer Steel Industries, Inc.<\/b><\/p>\n<p>\nSchnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 23 states, Puerto Rico and Western Canada. Schnitzer has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company\u2019s integrated operating platform also includes 50 stores which sell serviceable used auto parts from salvaged vehicles and receive approximately 5 million annual retail visits. The Company\u2019s steel manufacturing operations produce finished steel products, including rebar, wire rod and other specialty products. The Company began operations in 1906 in Portland, Oregon.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201215006098\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201215006098\/en\/<\/a><\/span><\/p>\n<p><b>Media Relations<br \/>\n<\/b><br \/>Colin Kelly, 781-873-1665<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ckelly@schn.com\">ckelly@schn.com<\/a><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>Michael Bennett, 503-232-2811<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mcbennett@schn.com\">mcbennett@schn.com<\/a><\/p>\n<p><b>Company Info<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.schnitzersteel.com&amp;esheet=52349155&amp;newsitemid=20201215006098&amp;lan=en-US&amp;anchor=www.schnitzersteel.com&amp;index=2&amp;md5=858e3d3dfb935d1a3fd8ab51440fc31b\">www.schnitzersteel.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:ir@schn.com\">ir@schn.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Oregon United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Manufacturing Environment Steel<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201215006098\/en\/703484\/3\/schnitzer-logo-digital-large-rgb.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report Strong Progress on Multi-Year Sustainability Goals Enhanced Target to Achieve Goal of 100% Net Carbon-Free Electricity Use by End of Fiscal 2022 PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211; Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), one of the largest manufacturers and exporters of recycled metal products in North America, today announced the release of its Fiscal 2020 Sustainability Report, \u201cResourceful. Responsible. Resilient.\u201d The report is available on Schnitzer\u2019s website and highlights the Company\u2019s commitment to creating a lasting positive impact for our people, customers, suppliers and communities across all our operations while delivering long-term value to shareholders. \u201cThere is no playbook for a year like this past one, but there is certainly a legacy at our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400482","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report Strong Progress on Multi-Year Sustainability Goals Enhanced Target to Achieve Goal of 100% Net Carbon-Free Electricity Use by End of Fiscal 2022 PORTLAND, Ore.&#8211;(BUSINESS WIRE)&#8211; Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), one of the largest manufacturers and exporters of recycled metal products in North America, today announced the release of its Fiscal 2020 Sustainability Report, \u201cResourceful. Responsible. Resilient.\u201d The report is available on Schnitzer\u2019s website and highlights the Company\u2019s commitment to creating a lasting positive impact for our people, customers, suppliers and communities across all our operations while delivering long-term value to shareholders. \u201cThere is no playbook for a year like this past one, but there is certainly a legacy at our &hellip; Continue reading &quot;Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T22:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report\",\"datePublished\":\"2020-12-15T22:03:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/\"},\"wordCount\":868,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201215006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\\\/\",\"name\":\"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report - 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(NASDAQ: SCHN), one of the largest manufacturers and exporters of recycled metal products in North America, today announced the release of its Fiscal 2020 Sustainability Report, \u201cResourceful. Responsible. Resilient.\u201d The report is available on Schnitzer\u2019s website and highlights the Company\u2019s commitment to creating a lasting positive impact for our people, customers, suppliers and communities across all our operations while delivering long-term value to shareholders. \u201cThere is no playbook for a year like this past one, but there is certainly a legacy at our &hellip; Continue reading \"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-15T22:03:25+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report","datePublished":"2020-12-15T22:03:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/"},"wordCount":868,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201215006098r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/schnitzer-steel-releases-fiscal-year-2020-sustainability-report\/","name":"Schnitzer Steel Releases Fiscal Year 2020 Sustainability Report - 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