Radius Recycling Publishes Fiscal Year 2024 Sustainability Report

Core Viewpoint - Radius Recycling emphasizes its commitment to sustainability and its role in the transition to a low-carbon future through the supply of recycled metals critical for sustainable product production [1]. Sustainability Framework - The company operates on a sustainability framework based on three pillars: People, Planet, and Profit, which has been in place for nearly a decade [2]. - Significant progress has been made towards multi-year sustainability goals, including a 30% reduction in greenhouse gas emissions at recycling operations compared to the 2019 baseline and a 16% year-over-year reduction in total case incident rate [2]. Operational Achievements - Radius Recycling diverted millions of tons of ferrous and nonferrous metals from landfills and produced some of the lowest carbon emission finished steel products available [3]. - The company maintained 100% net carbon-free electricity across its recycling operations for the fourth consecutive year [4]. Key Metrics - In fiscal 2024, Radius recycled 4.9 million metric tons of metals, sold 3.8 million recycled auto parts, and 509,000 tons of low carbon emission finished steel products [4]. - 90% of company facilities were free of any lost time injuries [4]. - Employee participation in the 401(k) matching benefit program increased to 70% [4]. Recognition and Awards - Radius Recycling was included in Corporate Knights' Global 100 List of the 2024 Most Sustainable Corporations in the World and recognized by the Ethisphere Institute as one of the 2024 World’s Most Ethical Companies® for the tenth consecutive year [5]. - The company was re-certified as a Great Place to Work® for the fourth consecutive year [5]. Company Overview - Radius Recycling, formerly known as Schnitzer Steel Industries, is one of the largest manufacturers and exporters of recycled metal products in North America, with operations in 25 states, Puerto Rico, and Western Canada [7]. - The company has seven deep-water export facilities and operates 50 stores selling serviceable used auto parts, receiving over 4 million annual retail visits [7].