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Sims Metal Management one of top 100 most sustainable corporations in the world
Sims Metal Management has been listed as one of the Global Top 100 Most Sustainable Corporations in the World for the second year running. The list, compiled by sustainable business publication Corporate Knights, was announced at the 2010 World Economic Forum in Davos, Switzerland.
The Global Top 100 Most Sustainable Corporations list identifies companies which consistently demonstrate superior leadership and performance on a range of environmental, social and governance policies relative to their industry peers. Companies on the list are considered better equipped than their competitors to thrive and succeed in the longer term due to the sustainable approach used to manage their business.
Sims Metal Management has 35 metals recycling facilities, three deep sea docks and four railway transportation links in the UK. The company’s 36 acre site in Newport, Gwent, houses the world’s largest metals shredder, the world’s largest fridge recycling plant and the world’s largest and most technologically advanced electronics recycling facility.
Group Chief Executive Officer Dan Dienst commented, “Sims Metal Management's inclusion is testimony to the Company's commitment to, and effective management of, the societal, environmental and governance factors impacting our business. We strive, as in all things, to do the right thing and always with a sense of urgency. Doing good and doing well are not mutually exclusive propositions at Sims Metal Management.”
Other criteria used in compiling the list include ethical and responsible decision making, recognising the interests of stakeholders, respecting the rights of shareholders, and communication with customers, investors, regulators and policymakers. Taken together these factors mark the company out as one of the most sustainable enterprises in the world, both environmentally and in terms of financial performance.
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Cautionary Statements Regarding Forward-Looking Information
This release may contain forward-looking statements, including statements about Sims Metal Management’s financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project” and other similar words and expressions.
These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission (“SEC”), including the risk factors described in the Company’s Annual Report on Form 20-F, which we filed with the SEC on 12 November 2009.
Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.
All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release. All references to currencies, unless otherwise stated, reflect measures in Australian dollars.
Sims Metal Management
Sims Metal Management (www.simsmm.com) is the world’s largest listed metal recycler with approximately 230 facilities and 5,500 employees globally. Sims’ core businesses are metal recycling and recycling solutions. Sims Metal Management generated approximately 90 per cent of its revenue from operations in North America, the United Kingdom, Continental Europe, New Zealand and Asia in fiscal 2009. The Company’s ordinary shares are listed on the Australian Securities Exchange (ASX: SGM) and its ADRs are listed on the New York Stock Exchange (NYSE: SMS).