Sims keeps focus on circular supply chain aspects

In a letter to shareholders in advance of an upcoming annual general meeting (AGM), the board chair of Australia-based Sims Ltd. says the company will continue to focus on its purpose “to create a world without waste to preserve our planet,” which positions Sims to capitalize on the growing demand for sustainable materials and our customers’ need for supply chain reliability.

The remarks from Philip Bainbridge, a nonexecutive director and member of the company’s board, paint a positive picture of the company’s operations, which includes metal recycling facilities in the United States, Australia and New Zealand and Sims Lifecycle Services electronics recycling and IT asset disposition (ITAD) services in North America and Europe.

“We executed on our strategic initiatives, focusing on metal margins and growth in Sims Lifecycle Services, while maintaining strict discipline on costs," Bainbridge says of the Sims 2025 fiscal year, which ran from July 1, 2024, to June 30, 2025.

“Our operational gains and strong underlying earnings in fiscal year 2025 demonstrate the strength of our strategy and business model. Looking forward, I am confident that our purpose—to create a world without waste to preserve our planet—positions us to capitalize on the growing demand for sustainable materials and our customers’ need for supply chain reliability.”

At the upcoming AGM Nov. 21, shareholders will be asked to approve the appointments of two new nonexecutive directors, Japan-based Mitsui & Co. veteran Shinichiro Omachi and longtime U.S. metals recycling executive Russell Rinn. 

Also on the AGM agenda will be an opportunity for shareholders to provide feedback and vote on the direction of the Sims Ltd. Climate Transition Plan, which Bainbridge says is in development.

“Promoting circular economy practices and principles is at the core of our business, and the use of recycled materials is key to supporting our customers’ efforts in carbon reduction, circularity and supply chain resilience,” Bainbridge says.

“As a result, our role is dual—enabling broader decarbonization through our circular services and in progressively reducing our own operational emissions."