2022 Sustainability Report Recycled Metals
for a Low-Carbon
Future
Download Report for a Low-Carbon
Future
Our 2022 Sustainability Highlights
Click through each category to view the highlights for the year.
People
90% of facilities
free of any lost
time injuries
15% increase in participation in our retirement benefits program
Launched The Invitational, Schnitzer’s Company-wide wellness challenge
Donated more than $540,000 to 61 Food Banks across North America
Volunteered 300+ hours during
Earth Month celebrations
Planet
Launched GRN Steel™ our line of net zero carbon emissions steel products
Earned ISO Certification at 6 locations
Maintained 100%
net carbon-free
electricity use
across our operations
Reduced Scope 1 and 2 GHG emissions from recycling operations by 24% versus our 2019 baseline
Recycled more than 5 million metric tons of metals, avoiding approximately 5.5 million metric tons of CO2e emissions1
1 CO2e savings are sourced from the BIR-commissioned study conducted by Imperial College London “Report on the Environmental Benefits of Recycling — 2016 edition, pg. 26.
Profit
Achieved second-best fiscal year earnings in Company history
Adjusted EBITDA of $313M2
5% increase in ferrous metals sales
volumes year-over-year
16% increase nonferrous metals sales
volumes year-over-year
Sold 465,000 short tons of finished steel products made from recycled ferrous metals
Delivered operating cashflow of $238M
Added 10 new operating locations through the acquisition of Columbus Recycling and Encore Recycling
2 See use of Non-GAAP Financial Measures in Schnitzer’s FORM 10-K filing.
Our Awards, Recognitions & Certifications
Our Purpose & Vision
We operate at the intersection of metals recovery, reuse, recycling, and manufacturing. Galvanized by a commitment to taking actions that sustain future generations, our people work responsibly to provide products and services our customers and communities trust—as we have since 1906.
Together, we are recycling today for a sustainable tomorrow.
Chairman & CEO Message
Our Core Values
Our Core Values of Safety, Sustainability, and Integrity set clear expectations for all employees and offer a lens through which we make decisions. Our Core Values define our workplace culture and illustrate what matters most to our stakeholders.
Safety
Through a dedication to creating a safe work environment and a sustainable safety culture, we continue to make meaningful progress in addressing potential risks. Through consistent employee engagement, we work to ensure everyone goes home safely at the end of each day.
Sustainability
Our business activities promote a future with less waste, more natural resource conservation, and cleaner air. We equip our workforce with the tools and resources they need to succeed and foster partnerships with resilient communities so we can prosper together.
Integrity
We hold ourselves to the highest standards of ethical behavior. We treat everyone with respect and expect the same in return. We incorporate integrity into every aspect of our operations, working with honesty and treating one another fairly.
About This Report
Schnitzer’s ninth Sustainability Report covers the 2022 fiscal year, which concluded on August 31, 2022. This report details our progress on environmental, social, and governance (ESG) metrics and key performance indicators across the Company’s operations and products and services offerings.
