Sims signs onto climate agreement

Australia-based Sims Ltd., which operates metals and electronics recycling plants globally, says it has become a signatory to the Action Declaration on Climate Policy Engagement. The declaration, a joint initiative of Corporate Knights and the Global 100 Council, was announced this autumn at COP27, the 2022 United Nations Climate Change Conference in Sharm el-Sheikh, Egypt.

Sims joint venture partner LMS Energy, which Sims describes as “one of Australia’s largest emissions reducers and most experienced landfill biogas companies,” also signed the agreement.

The Action Declaration document has “garnered the support of more than 50 global companies that are committed to ensuring their climate policy engagement, and that of their industry associations, helps to address climate change, not stall it,” Sims says.

The Action Declaration on Climate Policy Engagement outlines how organizations in the movement will decarbonize the economy by supporting actions to close the “say-do gap” on countries’ emission reductions by: supporting climate action aligned with the Paris Agreement when engaging with policymakers; working with industry/trade associations to advance alignment with the Paris Agreement; and monitoring and disclosing climate policy alignment for companies and trade associations.

“This year, Sims Ltd. assessed the climate policy positions of our industry associations as part of our shareholder-endorsed climate action plan and disclosed the results,” Sims CEO and Managing Director Alistair Field says. “Signing this agreement and committing ourselves to meeting the goals of the Paris Agreement is a very important step in our multi-year sustainability strategy. It signals our continued transparency in climate advocacy to address the shared global challenge of climate change.”

In its 2022 fiscal year, Sims says it reduced greenhouse gas emissions by 21 percent from two years prior. Founded in 1917, Sims Ltd. engages in metal recycling and electronics recycling at more than 260 facilities in 15 countries. The company also describes itself as an emerging leader in renewable energy.