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Schnitzer Named One of the 2022 World’s Most Ethical Companies
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Company Honored with Title for Eight Consecutive Years
PORTLAND, Ore.--(BUSINESS WIRE)--
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), one of North America’s largest manufacturers and exporters of recycled metal products, has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. Ethisphere is a global leader in defining and advancing the standards of ethical business practices. Schnitzer is one of this year’s 136 honorees spanning 22 countries and 45 industries.
This is the eighth consecutive year in which Schnitzer has earned its place among Ethisphere’s honorees, solidifying its position among a distinguished group of companies that continue to serve as the driving force behind supporting communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
“Being named one of the World’s Most Ethical Companies for eight consecutive years is truly a testament to the dedication of our employees to our Core Values of safety, sustainability, and integrity,” said Tamara Lundgren, Chairman and Chief Executive Officer. “As the world continues to face unprecedented challenges, our employees are demonstrating the resilience and resolve that have remained hallmarks of our Company for over a century without wavering from their commitment to servicing our customers, supporting our suppliers, and investing in our communities safely, responsibly, and with integrity.”
“At Schnitzer we believe that achieving sustainable business success is synonymous with maintaining ethical business practices,” said Callie Pappas, Vice President & Chief Ethics and Compliance Officer. “We are immensely proud to be named one of Ethisphere’s 2022 World’s Most Ethical Companies. This honor is acknowledgment that we remain part of a community of companies committed to raising the bar on ethical leadership and social responsibility, and a testament to the integrity, positivity, and inclusiveness of the Schnitzer community.”
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to Schnitzer 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.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 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 over 4.3 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 Ethisphere
Ethisphere® 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.
