Schnitzer Named One of the 2020 World’s Most Ethical Companies by Ethisphere
February 25 2020 - 7:00AM
Business Wire
Company Honored with Title for Six
Consecutive Years
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has been
recognized by Ethisphere, a global leader in defining and advancing
the standards of ethical business practices, as one of the 2020
World’s Most Ethical Companies. Schnitzer is one of this year’s 132
honorees spanning 21 countries and 51 industries.
This is the sixth consecutive year in which Schnitzer has earned
its place among Ethisphere’s honorees, underscoring the Company’s
commitment to its core values of Safety, Sustainability and
Integrity.
“Being included on Ethisphere’s prestigious list of the World’s
Most Ethical Companies is one of the highest and most valuable
honors our Company can receive,” said Tamara Lundgren, President
and Chief Executive Officer. “It reflects our commitment to the
highest ethical standards. I extend my congratulations and thanks
to our employees for the continued excellence they demonstrate in
service to all our stakeholders.”
“We are proud to receive this acknowledgment that our Company,
for the sixth consecutive year, remains part of a community of
companies committed to raising the bar on ethical leadership and
social responsibility. It is a testament to the integrity,
positivity and inclusiveness of the Schnitzer community,” said
Callie Pappas, Vice President & Chief Ethics and Compliance
Officer.
“Congratulations to everyone at Schnitzer Steel Industries, Inc.
for earning this recognition,” said Ethisphere’s Chief Executive
Officer, Timothy Erblich. “This is a moment to acknowledge the
leaders working to advance corporate cultures defined by integrity
and affirm those companies contributing to broader societal
imperatives and the greater good.”
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the
World’s Most Ethical Companies assessment process includes more
than 200 questions on culture, environmental and social practices,
ethics and compliance activities, governance, diversity and
initiatives to support a strong value chain. The process serves as
an operating framework to capture and codify the leading practices
of organizations across industries and around the globe. Best
practices and insights from the 2020 honorees will be released in a
report and webcast in March and April of this year.
All companies that participate in the assessment process receive
an Analytical Scorecard providing them a holistic assessment of
where their programs stand against the demanding standards of
leading companies.
Honorees
The full list of the 2020 World's Most Ethical Companies can be
found at https://worldsmostethicalcompanies.com/honorees.
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest
manufacturers and exporters of recycled metal products in North
America with operating facilities located in 23 states, Puerto Rico
and Western Canada. Schnitzer has seven deep water export
facilities located on both the East and West Coasts and in Hawaii
and Puerto Rico. The Company’s integrated operating platform also
includes 51 stores which sell serviceable used auto parts from
salvaged vehicles and receive approximately 5 million annual retail
visits. The Company’s steel manufacturing operations produce
finished steel products, including rebar, wire rod and other
specialty products. The Company began operations in 1906 in
Portland, Oregon.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere
honors superior achievement through its World’s Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200225005244/en/
Schnitzer Steel Industries, Inc. Media Relations: Colin Kelly
ckelly@schn.com 781-873-1665 or Investor Relations: Michael Bennett
503-323-2811 www.schnitzersteel.com ir@schn.com
Ethisphere Media Contact Clea Nabozny 480-397-2658
clea.nabozny@ethisphere.com
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