What is Sims Metal Management’s Commitment to Sustainability?
Sims Metal Management started sustainability reporting in 2006 and remains strongly committed to reporting on a number of key environmental, OH&S and community areas. These, together with reporting on fiscal and corporate governance parameters, form the basis of our response to the benchmark guidelines (G3) as set out in the Global Reporting Initiative (GRI).
What is the GRI?
The Global Reporting Initiative (GRI) is a large multi-stakeholder network of thousands of sustainability experts worldwide. The GRI produces the G3 Guidelines which are the cornerstone of the GRI Sustainability Reporting Framework. These Guidelines outline core content for reporting and are relevant to all organisations regardless of size, sector or location. They are the foundation upon which all other GRI reporting guidance is based. The G3 Guidelines outline a disclosure framework that organisations can voluntarily, flexibly, and incrementally adopt. The flexibility of the G3 format allows organisations to plot a path for continual improvement of their sustainability reporting practices.
What Corporate Reporting Does Sims Metal Management Undertake?
Sims again participated in the Carbon Disclosure Project (CDP7). The CDP is an independent not-for-profit organisation that holds the largest database of corporate climate change information in the world. The data is obtained from responses to CDP’s annual information requests, issued on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing primary climate change data to the global market place. Further details are available from the CDP website (www.cdproject.net). Sims Metal Management was nominated as one of the 10 Carbon Leaders in the ASX and NZX50.