Schnitzer Named One of the 2021 World’s Most Ethical Companies by Ethisphere
February 23 2021 - 7:00AM
Business Wire
Company Honored with Title for Seven
Consecutive Years
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), one of North
America’s largest manufacturers and exporters of recycled metal
products, has been recognized by Ethisphere, a global leader in
defining and advancing the standards of ethical business practices,
as one of the 2021 World’s Most Ethical Companies. Schnitzer is one
of this year’s 135 honorees spanning 22 countries and 47
industries.
This is the seventh consecutive year in which Schnitzer has
earned its place among Ethisphere’s honorees, establishing itself
once again as a member of a distinguished group of companies that
continues to be the driving force behind improving communities,
building capable and empowered workforces, and fostering corporate
cultures focused on ethics and a strong sense of purpose.
“We are proud to again be honored with this prestigious
designation as one of the World’s Most Ethical Companies, a
testament to our ongoing commitment to operating according to our
core values and in support of our stakeholders,” said Tamara
Lundgren, Chairman and Chief Executive Officer. “Even in the face
of the extraordinary challenges brought by the COVID-19 pandemic,
our employees continue to demonstrate the resilience and resolve
that has remained a hallmark of our Company for over a century,
enabling us to provide uninterrupted service to our customers,
suppliers, and communities safely, responsibly, and with integrity
every step of the way.”
“This recognition as one of the 2021 World’s Most Ethical
Companies is particularly meaningful to all of us at Schnitzer
because it is based on the totality of our organization’s ongoing
efforts and performance,” said Callie Pappas, Vice President &
Chief Ethics and Compliance Officer. “It reflects not only our
energetic ethics and compliance program, but also our culture of
integrity and safety, our dedication to customers and suppliers,
our support for our communities, and our focus on
sustainability.”
“While addressing the tough challenges of 2020, we saw companies
lead—above all other institutions—on earning the trust of
stakeholders through resilience and a commitment to ethics and
integrity,” said Ethisphere CEO Timothy Erblich. “The World’s Most
Ethical Companies honorees continue to demonstrate an unwavering
commitment to the highest values and to positively impacting the
communities they serve. Congratulations to everyone at Schnitzer
Steel Industries for earning the World’s Most Ethical Companies
designation.”
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.
This year, the process was streamlined and the question set was
expanded to gauge how applicants are adapting and responding to the
global health pandemic, environmental, social, and governance
factors, safety, equity, inclusion and social justice.
Honorees
The full list of the 2021 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 50 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210223005202/en/
Schnitzer Steel Industries, Inc. Media Relations: Colin Kelly
781-873-1665 ckelly@schn.com
Investor Relations: Michael Bennett 503-323-2811
mcbennett@schn.com
Company Info: www.schnitzersteel.com ir@schn.com
Ethisphere Media Contact Clea Nabozny
clea.nabozny@ethisphere.com
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