Sims Ltd. makes climate-friendly list

Australia-based Sims Ltd., which has global metals and electronic scrap recycling operations, has been included on the first ever Financial Times/Nikkei Asia Climate Leaders Asia-Pacific list, which was published online in late May.

Sims was one of 200 companies on the list, which highlights firms that have “made genuine greenhouse gas emissions reductions relative to their revenue between 2015 and 2020, according to Sims.

The list was compiled by Germany-based Statista, which says it examined publicly available disclosures of more than 2,000 companies in the Asia-Pacific region. Statista says it selected companies that achieved a reduction in greenhouse gases and also scored well on other disclosure instruments, such as ratings maintained by Germany-based CDP Worldwide.

“Sims Limited provides solutions, such as inputs for steel mills to generate low-carbon steel, for the circular, low-carbon economy,” says Alistair Field, group CEO and managing director of the company. “Of course, we realize we must also reduce emissions within our own operations, and we are proud to have these efforts highlighted by the Financial Times and Nikkei Asia. Our purpose is to create a world without waste to preserve our planet, and strong action on climate is essential to attaining that vision.”

Sims reduced its emissions by nearly 80,000 metric tons of CO₂ since 2015. The company says it is accelerating its efforts and recently committed to use 100 percent renewable electricity by 2025 and be carbon neutral by 2030.

Earlier this year, Sims Ltd. was ranked 11th on the Corporate Knight’s Global 100 List of the most sustainable companies in the world. The company has 3,880 employees operating more than 200 facilities in 15 countries. The firm ranked as the sixth largest ferrous scrap processor in North America in a list published by Recycling Today earlier this year.

The company’s focus on recycling and emissions seems to have paid off, according to an analysis published online by the Simply Wall St. website in early June. The writer of that article calculates that in the last three years Sims Ltd. stock has gained 83 percent in value, “soundly beating the market [index fund] return of 11 percent, not including dividends.”